Vogue Business

Can #Topshop really be revived? With its genre-defining #KateMoss collaboration, its experiential curated stores (with whole sections divided by trends and aesthetics from boho to indie) and its tie-ins with British luxury labels like JW Anderson, Meadham Kirchhoff and Christopher Kane, for scores of millennials and older Gen Zs, Topshop was the pinnacle of British fashion. While its influence has ebbed and flowed over the last decade, amid its financial collapse in the late 2010s and ultimate sale to Asos in 2021, a recent surge in #Britishcore has propelled Topshop lore online. Asos sold a 75% stake in Topshop to Heartland — an arm of Bestseller, the Danish fashion business owned by Asos majority shareholder Anders Povlsen. In a joint statement with Asos at the time, Heartland said that the company plans to reinstate topshop.com. There’s also talk of a return to physical retail, Asos confirmed. Consumers are thrilled, while some analysts and brand experts are confident that with the right positioning, Topshop 3.0 could bear fruit. But Lucy Maguire asks: in the middle of an economic downturn and a challenging retail environment, can Topshop fully return to its former glory? https://lnkd.in/eE4ezJWk 

The Vogue Business Index is back. Louis Vuitton, #Gucci and #Dior hold onto the top three spots while Ralph Lauren and Balenciaga descend the rankings. From consumer sentiment to digital engagement, here are our 5 key takeaways.

K-pop stars have long stolen the show at Paris Fashion Week. But for the Spring/Summer 2025 season, it was Thai and Filipino celebrities who turbocharged the event, driving the most engagement. Manila-born actor and model #HeartEvangelista posted 66 times this season in Paris and generated $10.6 million in MIV. Other Filipino powerhouses include #PiaWurtzbach and Michelle Marquez Dee. Their star is rising as Southeast Asian countries have steadily risen on the radars of luxury brands. Meanwhile, Thai celebrities generated over 30% of global celebrity-driven MIV, led by actor and model Nattawin Wattanagitiphat, aka ‘Apo’, actor and model Freen Sarocha, and actor and singer Rebecca Patricia Armstrong. Launchmetrics CEO Michael Jaïs also noted the emergence of Brazil into the top echelons of celebrity power, with $4.8 million in celebrity-driven MIV. Here, Laure Guilbault has the full breakdown. https://lnkd.in/eB4KVgCW

rhode skin has landed in London! The viral skincare brand, founded by star #HaileyBieber, has opened its doors to its latest pop-up in the British capital. Customers will get an immersive experience with different rooms, head-to-toe in the classic #Rhode grey, with all products available including the brand's latest launch 'Barrier Cream' - the campaign that launched Claudia Schiffer as a brand ambassador. Also on offer? The brand's viral phone cases. The Lip Case (as the brand calls it) is something that has never been done before and its sheer genius is much to be marvelled at in both product efficacy: to use the products is to know how they speak to the reparative glow they induce. However, there is also a lesser-known reason, which is a certain president and chief brand officer, Lauren Ratner, who has been working behind the scenes alongside Bieber to shape and mould Rhode into the brand it is today. See more here: https://lnkd.in/eTVTZMg6

Introducing the 2024 #CFDA/Vogue Fashion Fund winner. The winners of the 2024 #CFDA/Vogue Fashion Fund (CVFF) are Dynasty and Soull Ogun, the twin sisters behind the jewellery and lifestyle brand L’Enchanteur. Along with a $300,000 cash prize and mentorship from an industry professional to elevate their 2017 Brooklyn-founded line, the sisters' intricate and thoughtful statement pieces—akin to miniature works of art—will be featured in the Metropolitan Museum’s upcoming exhibition, ‘Superfine: Tailoring Black Style.’ This year marked the twins’ first time applying and the 20th anniversary of the #CFDA/Vogue Fashion Fund, which also awarded runner-up prizes to #SpencerPhipps and #JacksonWiederhoeft. See the full list of finalists and the night’s most surprising announcements, here: https://lnkd.in/ep79WgJE

How did Stella McCartney become LVMH's star activist brand? Despite findings from the #VogueBusiness Index highlighting that many brands struggle to meet #sustainability targets, Stella McCartney marks an exception. Ranking as LVMH's top-performing brand in environmental, social, and governance (ESG) measures, with distinct net-zero targets separate from LVMH’s other brands, Stella McCartney has adopted brand-level reporting to set more ambitious goals, aiming for net-zero emissions by 2040. With its pioneering work in next-gen materials, Stella McCartney is also perceived by consumers as one of the most sustainable brands in the industry. Here, #VogueBusiness 2024 Fashion Index breaks down how the brand is paving the way for sustainability: https://lnkd.in/eVHtENeQ

Why 2024 is an epic year for book lovers on TikTok. Synonymous with the return of cosy season, the predominantly Gen-Z TikTok audience are leaning into creature comforts. While #homecomforts (52.6 million posts) and home cooking are recurring themes within autumn’s algorithm, #BookTok is dominating, featuring in over 240 million creator posts. As #cuffingseason approaches, romance retains its crown as the top genre on #BookTok. Beyond traditional romcoms, the platform is also seeing a growing number of niche sub-genres within the category. From #ForcedProximity and #GrumpySunshine, which focus on two characters changing their minds about each other, to #BillionaireRomance, which follows wealthy love interests, romance books are transcending stereotypes. Here, Lucy Maguire reveals other must-reads and what else is trending for #VogueBusiness’s TikTok Trend Tracker: https://lnkd.in/djYy-yaD

What's next for FERRAGAMO? During the brand's earnings call yesterday, they blamed the “challenging macroeconomic and consumer environment”, particularly in Asia, for a continued slump in sales. It warned that it expects similar conditions going into the fourth quarter. The Italian company’s sales fell 7.2% year-on-year on a constant currency basis to €221 million in the third quarter of 2024. In the first nine months of its financial year, sales declined 9.8%. The company expects its full-year results to be at the “lowest end of analyst estimates”. The #luxury goods market has been experiencing a slowdown since last year, with even the biggest players such as #LVMH and #Kering taking a hit. After an increase in sales in 2022 under Gobbetti’s turnaround plan (despite profits being down that year), Ferragamo’s sales have been dropping since the first quarter of 2023. Here, Maliha Shoaib has everything to know: https://lnkd.in/eaGzjzU4 Backstage photographed by StyleDuMonde.

The first woman and the first person of colour ever to land on the moon will wear a #Prada spacesuit. The spacesuit was unveiled this morning at the International Astronautical Congress in Milan during a presentation by Prada and its partner Axiom Space. Nasa has selected Axiom Space to oversee the development and delivery of the ‘Extravehicular Mobility Unit’ (aka the spacesuit) for Artemis III, a mission whose prime objective is the first human lunar landing since Apollo 17 back in 1972. Axiom Space has in turn approached Prada to help deliver this critical piece of equipment in order to achieve that goal. In the images unveiled today, there is no Prada logo present to signal the Italian firm’s role in the spacesuit’s creation. Yet whether by accident or design (and it’s surely the latter), the powerfully silhouetted suit features several striking red lines on its otherwise-white surface. These echo the design motif of Prada’s Linea Rossa technical line, which was first developed to outfit its America’s Cup sailing team, Luna Rossa. In Italian, ‘Luna Rossa’ translates to “red moon”. Here, Luke Leitch has all the details: https://lnkd.in/e7aTVMQR Photos: Prada

Revenue from LVMH’s fashion and leather goods division fell 5% to €9.15 billion in the third quarter, the #luxury conglomerate said on Tuesday. LVMH chief financial officer Jean-Jacques Guiony cited economic challenges in all markets and weak consumer confidence in Mainland China, “which is back in line with the all-time low reached during Covid”. “We cannot expect discretionary consumption to expand in this context. However, the strength of Chinese demand in the first half of the year provides recent evidence of the enduring appetite of the Chinese customer for luxury,” he told analysts. LVMH bets on product innovation and cost adjustment to weather the slump. Laure Guilbault has the details here: https://lnkd.in/eGbgsr5M