TOKYO — Burberry Group plc chief executive officer Angela Ahrendts isn’t letting Japan’s challenging market conditions dampen her optimism about the brand’s prospects here — including a newly created joint venture to import handbags and other accessories.
“I know the luxury market is very soft in Japan, but we thinkit’s the perfect time to gain some market share,” Ahrendts told WWD last week after a series of meetings with department store managers in Tokyo. “Even though the overall market may become difficult, I think that retailers and customers are always open to a new innovative idea or a new exciting concept.”
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)