MILAN — A shrinking show calendar, currency volatility and macro economic issues at the tail end of a period of local political instability following Italy’s general elections were only some of the concerns weighing on executives on the eve of Milan Men’s Fashion Week.
But on the upside, business is chugging along steadily. Revenues generated by the fashion sector last year grew 2.5 percent to 64.8 billion euros, and exports rose 4.3 percent to 50 billion euros, according to Camera Nazionale della Moda Italiana’s Fashion Economic Trends report issued in May. The first half is expected to show 1.5 percent growth in sales compared with the same period last year. Last week, the updated Altagamma Worldwide Market Monitor and Bain & Co. study painted a pretty picture, as the global personal luxury goods industry is expected to grow 6 to 8 percent at constant exchange compared with the 5 percent growth forecast last October for 2018.
Super-influencer @chiaraferragni doesn't miss a beat— or a party. Last night, she inaugurated Pomellato's newest boutique on Rodeo Drive, decked out in bling from the jewelry brand. At the event, Ferragni took some time to sit down with us to discuss motherhood, being a newlywed, and the hotly-anticipated documentary she is currently filming.
Photographed by @chelsealaurenla
As the conversation around sustainability only grows stronger in fashion circles, Everlane has made a new declaration: it’s saying goodbye to virgin plastic. The company, whose ethos is all about “radical transparency,” in terms of pricing and ethical factories, plans to be completely free of virgin plastics by 2021. “We’re producing millions of units and every unit that goes out is wrapped in plastic,” said founder and CEO, Michael Preysman. “At the beginning, it was like, ‘Hey, let’s just take off all these plastic bags.’ There are a lot of complications to that. Everything you buy in the world comes wrapped in plastic when it comes out of the factory.”
Meet Flamingo. The direct-to-consumer brand is Harry’s first foray into products designed specifically for women. The line goes beyond shaving, venturing into a space that is typically relegated to darker corners of the drugstore — at-home waxing. #wwdbeauty