Articles by Herve Dewintre
The textile and clothing sector is recovering in Vietnam
After an unprecedented wave of layoffs, the sector recovered rapidly in the last quarter by abandoning its "zero-covid" policy. Vietnam, along with Cambodia, Bangladesh and more recently Burma, is a major supplier of clothing and textiles to the European Union (and the Western world in general). Its economy has been one of the best performing in...
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Opinion: who will buy Condé Nast?
The wave of layoffs currently sweeping through editorial staff belonging to Condé Nast is officially a classic restructuring measure intended to restore the group's financial health. Health made fragile due to the structural decline in sales of printed magazines and the advertising revenues that accompany these number sales - a decline not met...
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Why luxury groups are betting on the West Bund Art Center in Shanghai
The first cases of Covid-19 were discovered in China, but ironically it is in China that the major fashion and luxury groups will seek their salvation. The reason is quite simple: on the one hand, the recovery has already taken place in China, even if the reality is mixed across the country. Beijing, for example, is at half mast, but Hong Kong...
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How Adidas plans to end the global plastic crisis
Humanity's advances are built around materials that themselves define clearly circumscribed historical periods. The Bronze Age, which succeeded the Stone Age, was an important stage in the evolution of European societies, both social and technological, allowing metallurgy to flourish. The same is true of the Iron Age: by increasing agricultural...
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Pricing power: Big luxury brands raise prices during crisis
Pricing power: a phenomenon well known to financial analysts and general management. It indicates the practice of a company to increase its prices in periods of economic hardening: it is a question - we understand it easily - to increase its margin to compensate for the fall in sales volumes. Not all companies have this capacity: only those who...
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Fashion companies’ reputations helped or hurt by reaction to crisis
All businesses are being hit hard by the pandemic, but not all businesses are responding to its consequences in the same way. Faced with collapsing sales and massive closures of outlets, large recipient companies are taking two courses of action. Those that decide to participate actively in the collective effort by not taking advantage of the...
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Anna Dello Russo: The fashion world now belongs to the young
Friday 28 February, in the heart of Paris fashion week on the verge of psychosis, Anna Dello Russo shines like the sun. We are at Le Bon Marché where the famous Italian journalist is giving a conference in front of a young and attentive audience. She is here as Fashion Brand Ambassador of the Istituto Marangoni, a prestigious fashion and design...
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Why French lawmakers want to ban Black Friday promotions
Born in the United States, Black Friday has progressively been gaining weight in France since 2013. It is a highly anticipated day during which significant promotions are offered, not only in fashion but also in other consumer products. In France, Black Friday is predicted to see a record 5.9 billion euros in spending this year, up 4 percent...
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Pam Boy: “Fashion is not completely in tune with the new generations”
French fashion critic Pierre Alexandre M’Pelé has a voice that counts in the industry; a voice that is valued all the more as it is not caught up in advertising. The young journalist, who operates under the name of Pam Boy on social networks, has built up integrity by refusing to pander to the dangerous connections that often bind together...
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France to prohibit the destruction of unsold stock: who is going to pay for that?
Paris - The French government wants to prohibit the destruction of unsold non-food products in the next two to four years. Prime Minister, Edouard Philippe, made the announcement in June and also hailed it “a world first”. The measure is the logical continuation of a roadmap established last year; a roadmap for a sustainable economy aiming to...
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