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December 2022

23 Dec

The Fashioneering Lab Adds Latest Executives in Residence

The Fashioneering Lab Adds Latest Executives in Residence
The Fashioneering Lab, a Dallas-based fractional consultancy and think tank that goals to assist brands grow, has added eight recent executives in residence to supply advice and directions in numerous areas. Kate Sheldon, Fashioneering’s chief executive, said the brand new executives include Lars Nilsson, a CFDA member and founder and inventive director of Mr. Nilsson; Daryl Kerrigan, a CFDA Perry Ellis award winner and founding father of Daryl K.; and Kristen Sosa, a former Saks Fifth Avenue executive. Other recently added executives in residence are Sharon Graubard, Michael Cleghorn, Elena Bertone, Irene Bernadis and Timothy Parent. The Fashioneering Lab was launched last yr by Sheldon, who has worked as a designer, a design consultant and spent a decade at Neiman Marcus as a...
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23 Dec

No. 3: China Lockdowns Dent Luxury Spending, Brands Look

No. 3: China Lockdowns Dent Luxury Spending, Brands Look
The Chinese fashion and luxury market has had a rough yr. Waves of strict lockdowns throughout 2022, especially the two-month-long one in Shanghai, wreaked havoc on fashion spending. Within the six months that ended June 30, LVMH Moët Hennessy Louis Vuitton said it saw significant gains in Europe and the U.S. but experienced “severe double-digit declines” in China. Kering Group, whose sales rose 23 percent year-over-year in the primary half, concluded that the Chinese market was “improving but still unstable” after a powerful global retail performance that offset losses within the second quarter in China. Compagnie Financière Richemont’s jewelry division grew greater than expected in the primary half to Sept. 30 but in addition witnessed double-digit sales declines in China. Swiss...
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