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Are Luxury Brands Responsible for What Happens in Their Supply Chains?

An Italian union is seeking to hold Richemont legally accountable for alleged workers’ rights violations at a Montblanc supplier, as scandals linking brands like Dior, Armani, Valentino and Loro Piana to sweatshops draw more scrutiny to the sector’s sourcing practices. from The Business of Fashion https://ift.tt/5ArSjh2

Shein Revenue Neared $10 Billion in Quarter Before Tariffs

Shein Group Ltd.’s net income rose to over $400 million and revenue was almost $10 billion in the first quarter. from The Business of Fashion https://ift.tt/2BX30Hd

Ferragamo Launches Action Plan After H1 Loss

The Italian luxury group said it had put in place a plan to revive sales and relaunch its brand. from The Business of Fashion https://ift.tt/wM3G8NY

Trump Unleashes a Flurry of Trade Surprises on Eve of Deadline

A 25 percent levy on Indian imports, the promise of deals for Thailand and Cambodia and a rollback on all duty exemptions for small packages were among the last minute announcements. from The Business of Fashion https://ift.tt/ckBYm7y

Inside Jacob & Co.’s Strategy to Disrupt Luxury Watchmaking

As the luxury watch sector experiences shifting consumer preferences and market contraction, brands are seeking new paths to relevance and growth. Here, BoF speaks with Benjamin Arabo, chief executive officer of Jacob & Co., to understand how the American company is evolving its efforts to disrupt traditional watchmaking. from The Business of Fashion https://ift.tt/7zPXcg5

Hermès Sales Rise 9%, Outpacing Rivals

The French leather goods giant said it would fully pass on the effects of tariffs to its clients in the US, where it raised prices by an additional 5 percent this year. from The Business of Fashion https://ift.tt/cK60TbC

With a Chain of Coffee Shops, Coach Wants to Be Gen-Z’s New Mall Hangout

The handbag brand is rolling out dozens of cafés across US outlet malls, offering branded lattes, merch and a reason for young shoppers to linger longer in stores. from The Business of Fashion https://ift.tt/CksjIOh