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Fashion

Christie’s marks new benchmark for sneakers at auction

The Christie’s and Stadium Goods partnered sale ‘OriginalAir: Michael Jordan Game-Worn and Player Exclusive Sneaker Rarities’ has set new records, with a pair of Nike’s worn by Jordan fetching 615,000 US dollars, making them the most expensive sneakers ever sold at auction. The red, black and white Nike Air Jordan 1 high tops were sold as part...

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Business

Farfetch acquires streetwear marketplace Stadium Goods

Luxury platform Farfetch has reached an agreement to acquire sneaker and streetwear marketplace Stadium Goods, for 250 million US dollars. Farfetch is set to pay this amount in cash and Farfetch shares, with the exact amounts to be determined as the transaction is completed. “We are thrilled to welcome Stadium Goods to the Farfetch family....

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Business

Second hand fashion set to become a bigger market than luxury by 2022

Buying second hand clothes is nothing new, but the sector has been growing considerably thanks to the Internet. The second hand market generated 360 billion US dollars worldwide in 2017, according to fashion resale service Thredup, with online sales of second hand items growing 35 percent against just 8 percent for brick and mortar stores. By...

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