The Versace franchised store in Tehran has struggled given political and economic uncertainty.
When Iranians reelected the reformist Hassan Rouhani as their president last month, it was a huge relief for Farshid Jamali, the businessman behind the Iranian outposts of Italian fashion brands Versace and Roberto Cavalli.
The uncertainty that overtook the initial euphoria of Iran’s nuclear deal with the West two years ago has hurt fashion’s ambitions in the Islamic Republic, which had been hailed by business as the biggest market to reemerge onto the world stage since the collapse of the Soviet Union.
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)