Nike continues to dominate as the world’s most valuable brand, with a brand value of $32.4 billion — up 16 percent compared to last year — according to valuation and strategy consultancy Brand Finance, which says the sportswear giant has strengthened its position due to healthy sales growth in China, Europe, the Middle East and Africa during the course of the year.
Upon the death of Karl Lagerfeld on February 19, Chanel announced that Virginie Viard, director of the creative studio of the house, would take the reins “so that the legacy of Gabrielle Chanel and Lagerfeld could live on". On February 27 – just six days prior to the autumn/winter 2019 presentation at Paris Fashion Week – Chanel reiterated that the brand leadership would remain internal, thus quashing rumours of a round of musical chairs in fashion (the industry’s favourite party game to predict).
Shoppers in the US can probably think of a few fashion retailers that seem like they’re permanently on sale, their racks packed with clothes that nobody wanted at full price and struggle to move even at a discount. Far from being isolated among a few troubled retailers, the problem has ensnared a large swath of the industry.