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Tag: Business of Fashion

  • Balenciaga is the hottest fashion label

    Balenciaga is the hottest fashion label

    Balenciaga has overtaken Gucci as the hottest fashion label, according to the latest Lyst Index.

    The index draws on data analysis by fashion-search platform Lyst in conjunction with the Business of Fashion website. The 4.5 million data points analysed include sales, searches and consumer perceptions of 5 million products and 12,000 brands.

    Its result is despite Louis Vuitton, Hermes and Gucci being named best fashion brands globally just last month by Interbrand consultancy.

    Ranking the world’s hottest brands and top-selling products, the Lyst Index ranked Gucci first in this year’s second quarter, followed by Kanye West’s Yeezy and Balenciaga. However, the Spanish fashion brand continued to rise, displacing Gucci in the third quarter, with Virgil Abloh’s Off-White rising to third – a jump of 31 places in three months.

    Lyst says Balenciaga’s rise was because of a new logo and the Colette residency in Paris keeping the brand top of mind “while Demna Gvasalia continues to design products that drive the fashion narrative online”.

    Additionally, the platform praised Gucci for being a “consistent performer”, reports High Snobiety.
    Rounding out the top 10 are Vetements, Givenchy, Valentino then Saint Laurent, while Stone Island leaped from 41st to eighth, followed by Moncler (previously 20th) and finally Raf Simons (previously 21st).

    Lyst Index also looked at the most influential rappers in fashion for the quarter, listing (in order) Kanye West, Nicki Minaj, Pharrell Williams, Cardi B, Drake and A$AP Rocky.

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  • New H&M retail brand revealed

    New H&M retail brand revealed

    The next new H&M retail brand will be called Arket.

    The first of the brand’s stores will open in London in late summer or early autumn this year.

    H&M CEO Karl-Johan Persson said Arket will be priced above H&M. He described the concept as “simple, yet timeless and functional”.

    Fast-fashion retailer H&M told Business of Fashion that Arket – the Swedish word for “sheet of paper” – would be positioned as a “modern-day market that will offer essential products for men, women, children and home”.

    Perhaps the most surprising feature of the new store brand is that it will sell selected lines from non-H&M brands beside its own label.

    At the release of the company’s results in January,  revealed the company would launch one or two new brands this year, joining Cos, Monki, Weekday and Cheap Monday.

    “In 2017 we are looking forward to delivering strong collections and customer experiences and launching one or two new brands. This, combined with the ongoing improvements and our investments in the omnichannel offering, the supply chain and advanced analytics make us positive towards our opportunities for reaching our newly rephrased growth target, both in 2017 and going forward,” Persson said.

    Arket is clearly the of those new H&M retail brands.

    In an interview with BoF, Arket’s creative director Ulrika Bernhardtz described the brand’s DNA as “timeless, crisp, quality and warmth”.

    “Timeless is style beyond trend. And crisp is the counterpart to that: to be always relevant, modern and fresh. Quality is not only the feel of garments; it’s also how they are produced. Warmth is about being generous and personal.”

    An Asian launch for Arket is not imminent, with BoF reporting it will be simultaneously launched in 18 European markets this year, starting with Brussels, Copenhagen and Munich. Some stores will feature a cafe serving “new Nordic” cuisine.