Latest news with #luxuryfashion
Yahoo
6 hours ago
- Business
- Yahoo
Thom Browne CEO steps down amid dismal sales
This story was originally published on Fashion Dive. To receive daily news and insights, subscribe to our free daily Fashion Dive newsletter. Dive Brief: Thom Browne CEO Rodrigo Bazan is stepping down from his role effective Aug. 31, according to a Wednesday press release from parent company Ermenegildo Zegna Group. Bazan has led the Thom Browne brand since 2016. Sam Lobban, who is currently executive vice president and general merchandising manager for apparel and designer at Nordstrom, will succeed Bazan on Sept. 2, per the release. The announcement came on the same day Zegna Group reported a 3% year-over-year revenue decline to 927.7 million euros, or about $1.1 billion, for the first half of fiscal 2025. Revenue for Thom Browne was down 22.4% for the period to 129.5 million euros, per a separate release. Dive Insight: Zegna Group acquired a majority stake in Thom Browne Inc. in 2018. At the time, the brand was valued at about $500 million, and Bazan, who was the brand's CEO, continued in the role. 'Over the past nine years, I have been working side by side with Rodrigo, and together we have developed Thom Browne from a niche brand into today's luxury icon of modern tailoring,' Thom Browne, chief creative officer and founder of his namesake brand, said in the release. 'I am profoundly grateful for his unwavering support and dedication throughout this extraordinary journey.' Since its acquisition, Thom Browne's revenue has nearly tripled, according to Zegna Group's Chairman and CEO Ermenegildo 'Gildo' Zegna. 'Rodrigo's entrepreneurial vision, along with his pivotal role in Thom Browne's defense of its intellectual property rights against Adidas, has been instrumental in protecting and reinforcing the brand's authentic and unique identity,' Zegna said in the release announcing Bazan's departure. However, the brand has been struggling for a while. Thom Browne revenue dropped 16.8% year over year to 315 million euros in fiscal 2024, and revenue declined 19% in the first quarter of 2025. The company attributed declines at the Thom Browne brand to a decision to reduce exposure in the wholesale channel, and in Q1, the brand posted a 48% year-over-year wholesale drop. In the second quarter of 2025, Zegna Group said in its release that revenue declines at Thom Browne continued to be 'significantly affected by the performance of the wholesale channel, which more than offset the growth recorded in the DTC channel.' The company added that the brand has been streamlining its wholesale channel presence to focus on direct distribution. 'Leading Thom Browne over the past 9 years has been an extraordinary journey,' said Bazan in the release, adding that while he had decided to 'step down to focus on new opportunities,' he would 'always remain connected and supportive of the brand's future.' Meanwhile, Lobban, prior to his time at Nordstrom, worked at Selfridges in London, and was part of Mr Porter's founding team, per the release. While at Nordstrom, he curated brand collaborations, which included work with Thom Browne. Browne said in the release that Lobban's 'deep understanding of [the] brand's distinctive DNA and his visionary approach make him the ideal partner to help shape the future of our brand.' Zegna Group sold 14.1 million treasury shares to Temasek Holdings on Tuesday. The Singapore-based firm now holds 10% of Zegna Group. Recommended Reading 6 luxury firms in need of a turnaround Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Sun
14 hours ago
- Entertainment
- The Sun
Viral £600 sliders are utterly plain & cost is daylight robbery but here's why everyone's dying to buy them
ANOTHER week, another trend to get our Primark knickers in an almighty twist about. This week, it's luxury fashion brand The Row and its basic-looking new 'Alma' sliders, inexplicably priced at £600. 4 In stark contrast to designer rivals like Hermes and Gucci, whose slip-ons are plastered with logos or distinctive shapes, The Row's pair are remarkably, utterly plain. They're a cartoon-like, bulky slip-on with an open toe (the sort you wear to shuffle in to take the bins out) that come in red, white and black, made from rubber. Yep, £600 for something so basic — that's roughly a couple's weekend in Ibiza. Yet, these plain sliders reportedly sold out at The Row's London store in just one day. So why are the fashion crowd — me excluded — dying to get their mitts on them? We call this 'rage bait'. Silly money These expensive rubber sliders have gone viral precisely because people like us are enraged. Social media is awash with fury, dismay and bafflement over their exorbitant price for such plainness. This hysteria is 'rage bait' in action: Driving engagement — comments, shares, views — and ultimately pushing furious shoppers straight to that click-to-buy button, generating huge revenue via their own outrage. It's a clever, yet simple, trap. Fashion followers, seeing 'everyone' discussing these shoes, foolishly believe owning a pair will make them a talking point or instantly cool. They walk right into it, then find themselves £600 down. This isn't a fluke, it's a strategy and The Row — the fashion powerhouse set up by US twins Mary-Kate and Ashley Olsen — has capitalised on this before. Earlier this year, it released a plain red-soled flip-flop with a plain black strap for £670. They sold out not only for the brand, but through retailers like Net-A-Porter, snapped up by the likes of Kendall Jenner and Zoe Kravitz. It's the same formula. Simple, subtle — but silly money, all under the guise of 'quiet luxury'. The Row has now rocketed to sixth place on the Lyst Index of fashion's hottest brands — its highest-ever ranking. Searches for the brand are soaring, almost tripling in the past three months. And the Olsen twins aren't the only ones at it. In 2023, luxury brand Loewe mastered this trick when its plain, ribbed £325 cotton tank top (featuring just a tiny logo) became the Lyst Index's most searched item. This, too, was utter lunacy. Even if I won the Lottery, paying that much to do an impression of Onslow from Keeping Up Appearances isn't something I can ever buy into. And this 'rage bait' strategy isn't new. In 2007, luxury trainer brand Golden Goose sparked outrage with its £410 Super-Star trainers. The pricey shoes came 'pre-distressed', essentially dirty, yet carried that huge price tag. We journos were baffled but, despite the uproar, people snapped them up, and in the process ignited a trend for all things pre-distressed, from dirty jeans to Balenciaga's practically destroyed trainers, retailing at up to £1,290. Let's call it what it is: Daylight robbery. But the people with wallets fat enough to pay for these so-called luxury items are, well, mugs. In the case of the sliders, why pay £600 when you can get a Primark pair for a fiver? They are almost identical. For once, us normal folk are the real winners because we have the high street. Designer dupes have come on leaps and bounds in the past couple of years and now you can proudly look like a wally in your cheap rubber sandals as opposed to bankrupting yourself. Even if a vest is one of the most popular items, would you get one from Tu at Sainsbury's for less than the cost of a meal deal and a loaf of bread — or a designer one for £325? It's a no-brainer. Prestige fashion used to be about craftsmanship and quality, now it's about who can make the most outrageous item go viral. And people lap it up, not because it looks good, but because it's EVERYWHERE and yet unattainable to the rank and file. So while some brands keep pushing rage-bait items, aiming to drain our cash and sanity for likes, I say: Long live the high street. Its clever dupes offer identical style, no matter how wild, without costing a fortune.
Yahoo
2 days ago
- Business
- Yahoo
Raymond James Raises Tapestry Target to $115 as Coach Momentum Builds
Tapestry (NYSE:TPR) is one of the best multibagger stocks according to hedge funds. On July 22, 2025, Raymond James analyst Rick Patel reiterated his 'Outperform' rating on Tapestry and raised the price target from $85 to $115. Analysts, in general, point to accelerating momentum in the company's Coach brand, particularly strong demand for its Tabby and Brooklyn bag lines, and noted improving web traffic as a signal of rising consumer interest. Creative Lab/ They also pointed to operational streamlining following the sale of the Stuart Weitzman brand and emphasized the company's focus on scaling its higher-margin core businesses. Analysts expect the sharpened portfolio to support margin expansion and top-line acceleration in the upcoming quarters. Tapestry, Inc. (NYSE: TPR) is a New York–based luxury fashion company and the parent of Coach and Kate Spade. It designs and markets handbags, accessories, and footwear globally. While we acknowledge the potential of TPR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure: None.
Globe and Mail
4 days ago
- Entertainment
- Globe and Mail
LUXE NOIR Breaks Convention with Hybrid Silhouettes, Launching Custom Made Corsets and the First-Ever Corset Jumpsuit
New York, New York--(Newsfile Corp. - July 28, 2025) - LUXE NOIR, the emerging luxury fashion house known for reimagining corsetry, has officially launched its most daring collection to date—featuring the world's first Corset Jumpsuit and the highly anticipated Corset Skort, signaling a bold new direction for modern silhouette design. LUXE NOIR To view an enhanced version of this graphic, please visit: Fusing architectural structure with fluid motion, the latest drop cements LUXE NOIR's position at the forefront of the corset revival. The collection also includes a new range of custom made corsets, offering elevated personalization for clients demanding couture-level craftsmanship with an edge. LUXE NOIR To view an enhanced version of this graphic, please visit: "We're not just designing garments — we're reshaping the language of corsetry," said Jim Kumar, Marketing Consultant at LUXE NOIR. "The Corset Jumpsuit is our manifesto: power, structure, and femininity — redefined." Hybrid Silhouettes. Unexpected Forms. Couture Edge. The limited-run collection includes: The Corset Jumpsuit: A tailored, structured one-piece featuring LUXE NOIR's signature sculpting bodice and wide-leg fluidity. A global first. The Corset Skort: Combining mini skirt femininity with skort utility — a conceptual nod to movement, independence, and rebellion. Custom made corsets: Precision-fit pieces hand-finished in the brand's signature satin, mesh, and leather blends. LUXE NOIR To view an enhanced version of this graphic, please visit: With its distinctive tailoring, each garment is designed to accentuate form without restriction — a philosophy that continues to define the house's growing LUXE NOIR corsets archive. Visual Tease & Editorial Collaborations To mark the drop, LUXE NOIR is teasing a stylised digital campaign featuring fragmented silhouettes, set against a dark, hyper-stylised backdrop with the tagline: "The Future of Corsetry Is Here." Exclusive preview kits have been sent to select fashion editors and stylists, with the brand offering first-look editorial access under embargo. Explore the full capsule and iconic corset dress line via the official LUXE NOIR platform.
Yahoo
4 days ago
- Entertainment
- Yahoo
LUXE NOIR Breaks Convention with Hybrid Silhouettes, Launching Custom Made Corsets and the First-Ever Corset Jumpsuit
New York, New York--(Newsfile Corp. - July 28, 2025) - LUXE NOIR, the emerging luxury fashion house known for reimagining corsetry, has officially launched its most daring collection to date—featuring the world's first Corset Jumpsuit and the highly anticipated Corset Skort, signaling a bold new direction for modern silhouette design. LUXE NOIRTo view an enhanced version of this graphic, please visit: Fusing architectural structure with fluid motion, the latest drop cements LUXE NOIR's position at the forefront of the corset revival. The collection also includes a new range of custom made corsets, offering elevated personalization for clients demanding couture-level craftsmanship with an edge. LUXE NOIRTo view an enhanced version of this graphic, please visit: "We're not just designing garments — we're reshaping the language of corsetry," said Jim Kumar, Marketing Consultant at LUXE NOIR. "The Corset Jumpsuit is our manifesto: power, structure, and femininity — redefined." Hybrid Silhouettes. Unexpected Forms. Couture Edge. The limited-run collection includes: The Corset Jumpsuit: A tailored, structured one-piece featuring LUXE NOIR's signature sculpting bodice and wide-leg fluidity. A global first. The Corset Skort: Combining mini skirt femininity with skort utility — a conceptual nod to movement, independence, and rebellion. Custom made corsets: Precision-fit pieces hand-finished in the brand's signature satin, mesh, and leather blends. LUXE NOIRTo view an enhanced version of this graphic, please visit: With its distinctive tailoring, each garment is designed to accentuate form without restriction — a philosophy that continues to define the house's growing LUXE NOIR corsets archive. Visual Tease & Editorial Collaborations To mark the drop, LUXE NOIR is teasing a stylised digital campaign featuring fragmented silhouettes, set against a dark, hyper-stylised backdrop with the tagline: "The Future of Corsetry Is Here." Exclusive preview kits have been sent to select fashion editors and stylists, with the brand offering first-look editorial access under embargo. Explore the full capsule and iconic corset dress line via the official LUXE NOIR platform. Contact for Media & Editor Requests:Jim KumarMarketing Consultantmarketing@ NOIR Ecom Deal Inc., 26 Woodland Road, Roslyn, New York To view the source version of this press release, please visit Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
