Edouard Roche

🌍 Vestiaire Collective has spoken, and the truth about fast fashion's affordability might surprise you. 💡 According to their latest Circular Economy Report 2024, co-authored with carbon tracking software Vaayu, the myth of fast fashion's cost-effectiveness has been debunked. 📉 Their research, based on a survey of 13,400 consumers across five major markets, reveals a stark reality: high-quality second-hand fashion boasts a 33% lower cost-per-wear compared to its fast fashion counterparts. 🛍️ By employing a unique 'cost-per-wear' formula, Vestiaire Collective has shed light on the true value of clothing. 🧥 This approach factors in resale values and wear frequencies, providing insights into the long-term sustainability and economic benefits of investing in quality pieces. 💼 As we navigate the fashion landscape, let's heed the call to rethink our consumption habits and prioritize durability over disposability. 💬 Let's strive for a world where sustainability and style go hand in hand. 🌿 #CircularEconomy #SustainableFashion #FashionRevolution

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Japan is just the latest market to emerge as a luxury hotspot in Asia Pacific as brands and retailers look for a way to make up for the lost Chinese spend. For me, this is another example that the focus on China must shift wider. There is so much opportunity out there. #luxury #Japan #China

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👜 The #China #Luxury Report by Yaoke Research Institute projects that the Chinese luxury market will grow by approximately 12% in 2024. As luxury products become more desirable, the high-end bag market, a key segment of luxury #consumption, is experiencing robust growth. With rapidly evolving consumer demands and intensifying competition, luxury bag brands must accurately interpret trends and adapt their marketing strategies. 📕 Little Red Book (Xiaohongshu) hosts a vibrant community of young, fashion-forward consumers with a profound interest in luxury bags. This platform fosters a diverse range of bag enthusiasts who share content, spark trends, and shape the market. 🔹 𝗖𝗹𝗮𝘀𝘀𝗶𝗰 𝗥𝗲𝘃𝗶𝘃𝗮𝗹 Iconic styles return to the runway with refreshed fabrics, colours, and accessories, leading to a resurgence of classic designs. Searches for vintage patterns, «denim», «lychee calfskin», and «retro lambskin» have seen notable increases. Rich, bold shades like Bordeaux and Burgundy are redefining the classic red, gaining significant popularity on Little Red Book. 🔹𝗜𝗻𝗱𝗶𝘃𝗶𝗱𝘂𝗮𝗹𝗶𝘁𝘆 𝗮𝗻𝗱 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 Unique shapes and metallic-inspired products are popular among the younger generation. Personalized accessories like chains, keys, locks, and dolls enhance the versatility of bags, as shown by the increase in searches for «bag accessories», reshaping bag aesthetics and offering numerous customization possibilities. This trend also allows niche independent brands to showcase their creativity. 🔹 𝗦𝗶𝗺𝗽𝗹𝗶𝗰𝗶𝘁𝘆 𝗮𝗻𝗱 𝗘𝗹𝗲𝗴𝗮𝗻𝗰𝗲 Brands are moving towards subtle details that emphasize history and aesthetics, focusing on promoting a high-quality lifestyle rather than bold logos. The resurgence of «return to nature» trends is drawing attention to natural materials such as woven straw and beach bags, creating a relaxed and elegant atmosphere. As the fashion show continues to evolve, Xiaohongshu captures and preserves the essence of emerging trends, offering brands innovative strategies to stay ahead and consumers the latest insights into their favourite trends. --- 𝗩𝗮𝗹𝘂𝗲 𝗖𝗵𝗶𝗻𝗮 𝗶𝘀 𝘁𝗵𝗲 𝗳𝗶𝗿𝘀𝘁 𝗴𝗹𝗼𝗯𝗮𝗹 𝗽𝗮𝗿𝘁𝗻𝗲𝗿 𝗼𝗳 𝗫𝗶𝗮𝗼𝗵𝗼𝗻𝗴𝘀𝗵𝘂 𝗶𝗻 𝗘𝘂𝗿𝗼𝗽𝗲.  🔔 Follow us for the latest updates

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Miu Miu has opened “Summer Read” pop-ups, distributing feminist novels in global cities. Louis Vuitton has transformed Shanghai coffee shops into pop-up bookstores. Aesop opened a Women’s Library in Shanghai on International Women’s Day, focused on promoting female authors. Luxury companies have been involved in the world of art for decades. But it is only recently that they have involved themselves in the world of literature. There is nothing new about brands being rooted in popular culture. It is a tactic that some of the largest consumer brands – such as The Coca-Cola Company Ben & Jerry's and Nike – have used for decades. This is probably why they are so large and have been successful for so long. What’s changed is the speed and intensity with which luxury brands are getting involved. What’s changed? I think the difference between today’s luxury world and the old one is that today a brand cannot survive without building cultural capital. Harnessing cultural capital is probably the greatest differentiator between winners and losers in today’s luxury world. Brands need to be immersed in popular culture to survive because they no longer control the narrative. Social media has given all the power to consumers. A brand can thrive or die depending on what consumers think about it. So, there is a great opportunity for brands to harness cultural capital to connect with consumers digitally. “For brands to survive they need to move at the speed of culture.”   I’d love to know what you think. #cultural #capital #luxury #feminist #literature #art #shanghai #china Smith Square Partners https://lnkd.in/eQ_RhSyi

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Wioletta Bogus, chief operating officer of luxury footwear and accessories brand Manolo Blahnik concluded Drapers Supply Chain Summit on 3 July with three key lessons of navigating fashion’s supply chain. Read the full story below. #supplychain #fashion #retail #retailnews #suppliers #ManoloBlahnik

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The Jewellery and Gem Asia show in Hong Kong that ended on Sunday provided a lot of food for thought and I couldn’t help but question whether the show calendar in Hong Kong was maybe overcrowded. Consider that we have four major jewellery trade fairs in the city each year… in March, June, September, and November. Are buyers and exhibitors motivated to attend all four? The light visitor traffic we saw last week suggested that they aren’t, especially during a challenging market environment. Admittedly, the June and November shows have always been the smaller of the events, and not a great barometer for the other two which are better positioned in terms of timing. September gives retailers an opportunity to source goods ahead of the Christmas and Chinese New Year seasons, while they can replace inventory they have sold during those festivals at the March show. Last week, I suggested that the success of the show would depend on the attendance of buyers from mainland China. In truth, visitor traffic was light across the board, and the slowdown in China no doubt contributed to that. Despite the lack of buzz, I had some important meetings and discussions with clients and suppliers who were in town. I left encouraged by prospects for the region, particularly Southeast Asia where you all know I have been operating for many years. The tremendous potential I see there partially compensates for the weak short-term outlook for China. Either way, I wouldn’t read too much into the slow traffic and activity experienced last week. It may just be a case of one or two shows too many. How did you find the show? Let me know in the comments below! #JewelleryShow #HongKong #DiamondMarket

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Noble Concept (VN) - Perseverance and resilience are key. I always try to remain true to my vision. The idea in creating Noble Concept Fashion is to create go-to pieces for a woman's wardrobe and her life—beautifully crafted pieces that a woman will love today, in two months, in two years, in five years—and to do that for as many women as possible My commitment is to make a strong and modern collection without compromising my ethics and key values, taking into consideration where materials come from and who is making them. Noble Concept (VN)- a place to be.

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A report from Jing Daily underlines a key shift in the habits of Chinese luxury spenders in the modern market, as nearly 90 percent of high net-worth shoppers plan to increase their travel in the coming years - but the focus is on internal travel. What is interesting to note, however, is that while Sanya is (of course) the top destination, among the top international destinations are: 🇲🇻 The Maldives 🇫🇷 France 🇬🇧 The UK 🇸🇬 Singapore I find myself wondering how this shift will impact luxury spend from a pricing point of view. If these international shoppers discover cheaper luxury in the international market, as they usually do due to lower tax and logistics costs, how does China's domestic market compete? And if this opportunity is arising, how does the global luxury market respond? #luxury #china #future

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🎂 I just celebrated my 5th "Annivestiaire" - What a journey it's been! Reflecting on my 5️⃣ years in the leadership of Vestiaire Collective, here are 5️⃣ commandments: 🚀 You will deliver at a (very) fast pace: when volumes increase by 100%+, when you run out of cash, you have no choice but to deliver fast. 🔀 You will be versatile: being an expert on a single topic is not enough. You need to be able to lead teams from various functions - Ops, Commercial, Product, HR & Strategy so far. 🤓 You will be highly adaptable: leading team members with various backgrounds is definitely a challenge after BCG! 🎤 You will become public: need to represent Vestiaire in the public space, whether you like it or not. ♻️ You will be an activist: build your belief and start fighting for the cause, beyond the company. Going secondhand is just mandatory, full stop. Looking forward to the next 5 years! #fashion #luxury #secondhand #careers #leadership #startup

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Fashion CEO Agenda’s five priorities to unlock transformative green impact Global Fashion Agenda has identified five pivotal opportunities for fashion executives and the industry at large to unlock transformative impact for people and planet in its Fashion CEO Agenda launched ahead of the 15th Global Fashion Summit in Copenhagen. Global Fashion Agenda #JSDaily #GlobalFashionAgenda #Copenhagen

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Venturing to China is not an easy path. In fact, international ventures are increasingly challenging these days, with the possible exception of Singapore, where we welcome you with open arms. Due to the rise in nationalism, whether you are heading to the EU, US, UK, China, or Japan, the local market is not going to welcome you with open arms. #andrewtanatomisingapore #theatomiway #atomiconsultancy #陈湧泉老师创业创新课程 #theatomiway #andrewtanatomisingapore #atomiLIFESTYLE #atomi #actushause #atomiFURNITURE #theentrepreneurialmindset #thegrowthmindset #entrepreneurship #陈湧泉 #英文 #中文 #日文

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Sustainable strides: The journey of UNIQLO in fashion leadership Embark on a thought-provoking expedition into sustainability within the fashion industry with our new series on Images Business of Fashion. In this series, we traverse the intricate pathways of visionary brands committed to reshaping the narrative of fashion through sustainable initiatives. As we journey forward, we uncover the strategies and the profound ethos that propels these brands toward a greener, more responsible future. In each installment, we unravel the layers of innovation, dedication, and conscious decision-making that define the leadership of these brands. From reimagining supply chains to championing eco-friendly materials, these trailblazers exemplify a paradigm shift towards a more sustainable and ethical fashion landscape. This week, IMAGES Business of Fashion explores sustainability initiatives by UNIQLO, unveiling their innovative strides in reshaping the fashion industry. UNIQLO India Fashion Forum Anjali Sondhi Nikhil Behl Lokesh Chopra Tina Rathore #FashionNews #FashionUpdates #BoFDaily #BoFNews #BoFUpdates #SustainableFashion #UniqloSustainability #EcoFriendlyFashion #SustainableStyle #EcoConscious #FashionForFuture #circularfashion

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Proudly announcing that ShinWon has published its first '2024 ESG Report,' highlighting last year's achievements in ESG management activities💡   Under the slogan 'Won Fashion One Impact,' the inaugural sustainability report embodies ShinWon's commitment to leading circular fashion that coexists with society🌎   The report extensively details ShinWon's ESG management framework, key ESG activities, and roadmap for future vision🌱 We plan to transparently publish our efforts annually, striving for fashion that benefits everyone. Our English version will also be released soon!! 📖 #ESG #Report #Transparency #CircularFashion #Sustainability

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Chow Tai Fook (CTF) Group is one of largest jewelry retailers in China. It has over 7000 retailer stores. Its Shenzhen factory closed at the end of May. This is one of three #CTF factories on mainland China, as far as I know. There are various rumors about why CTF closed this factory. One of the reasons is the high operating costs at the Shenzhen factory. However, upon closer examination, the rising price of #gold appears to be the primary factor. 24K gold jewelry products are one of CTF’s main products. These items have been very popular over the past few years due to technological advancements in gold processing. They were among the most prominent products in the Chinese jewelry industry and retail business. However, this year’s increase in gold prices has negatively impacted consumer demand in China. By the end of April, there was a noticeable slowdown in the demand for gold jewelry. Jewelry retailers are now hesitant to restock these products. For 18K gold #jewelry, there is also a noticeable slowdown due to the high gold prices. #VCA has also announced price increases in China. Setting aside the overall Chinese economy, the high price of gold is currently the biggest risk factor for the jewelry business in China and globally.

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📢 NEWS 📢 It has been five years since Sephora, the globally renowned cosmetics brand, debuted in Korea but will cease its operations in the Korean market as of May 6th. The inability of Sephora to establish itself in South Korea is attributed to its lack of understanding of the local market dynamics, underscoring the dominance of Korean players, as noted by industry analysts. South Korea, renowned for its cultural homogeneity, exhibits distinct preferences in cosmetics compared to markets like the US, where Sephora enjoys significant success. Korean consumers prioritise light colours and textures in cosmetics, diverging from what is typically favoured by American consumers. Additionally, South Korea boasts a thriving skincare and cosmetics industry, wherein local brands offer competitively priced products that align with Korean beauty and fashion trends, posing a challenge to international brands carried by Sephora. This instance serves as a case study in localisation failure, underscoring the importance for Australian brands preparing to enter the Korean market to carefully consider local preferences and trends. AKBC runs regular “Fundamentals of doing business in Korea '' training to help our stakeholders better understand the cultural differences in Korea before their delegation. Contact info@akbc.com.au for more information. 🇦🇺🇰🇷 Read more below 👇: https://lnkd.in/guZMiaGA #k_beauty #kbeauty #koreanskincare #sephora

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Overall a healthy/ welcomed growth rate normalization Yes China played a role but we see growth rates cooling down across segments/ regions Luxury is all about maintaining scarcity/ desirability Large scale (>$5bn yearly net revenue) luxury brands cannot grow sustainably at a low double digit CAGR while maintaining scarcity/ desirability The below is not a sign of weakness but a much needed cool-off to enable sustainable long term growth #luxury Kering CHANEL LVMH Richemont

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What “Luxury Shaming” means for brands in China Three Chinese luxury KOLs (key opinion leaders) famous for flaunting their luxury products and lifestyle have vanished from Chinese social media amid a “money worship” crackdown. Influencers, Wang Hongquanxing, Baoyujiajie and Bo Gongzi have all seen their accounts closed down for violating guidelines. Wang (with 4.3 million followers on Douyin) was famous for only leaving the house if his outfit was worth over USD 1.4 million; Bo was known for his Hermès bags and luxury cars while Baoyujiajie (2.3 million followers) was referred to as the richest woman on the internet. In addition, Chinese social media platforms such as Weibo and Xiohongshu (formerly know in English as Red) have begun removing user posts that flaunted personal wealth. For example, Weibo has wiped around 1,100 posts. The move is seen as part of China’s aim to reduce displays of conspicuous consumption as the nation seeks to promote the ideology of “common prosperity” under the leadership of President Xi Jinping.  According to the media, the goal is to foster a “civilized, healthy and harmonious” digital space and “purify the internet cultural environment.” What it means for luxury brands Digital marketing via influential KOLs is critical to building a marketing strategy in China. What will it mean for the luxury industry if they start having their influencers cancelled? Will the government initiative remain targeted at China’s internet and social media culture rather than brand activities? Luxury marketeers need to stay vigilant. #luxury #brands #shaming #KOL #wealth #China Smith Square Partners https://lnkd.in/e7FkjVgM

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