11 February 2022, Mumbai:

Fashion companies chose to hire CEOs with deep sector knowledge and leadership experience in 2021, as they sought to create a strong platform for growth and digital transformation.

Fashion’s Newest CEOs, the annual report, published with an eye to what to expect in 2022, analyzes all the major hires in the sector. It highlights the broadly conservative choices businesses have made when changing leadership in 2021.

Furthermore, the appointments have been predominantly male and have, in the majority of cases, operational experience, as opposed to design or marketing.

Says Joaquín Villalba, Chief Executive of Nextail, which produces the report: “If an incoming CEO already has a depth of knowledge and experience, they can sort the basics out quickly before moving on to the rest of the business.

With omnichannel, the new normal, and there being a pressing need to improve systems to reduce waste, companies need to evaluate their use of data and bring the digital into the heart of their operations.” Interestingly, the luxury market was particularly active in bringing in new CEOs, with an 80% YoY growth in appointments and accounting for close to 20% of the total.

The most notable aspects are the replacement of two of the most long-serving leaders - Andrea Panconesi at LuisaViaRoma and Alain Wertheimer at Chanel - as well as the new arrivals at sector leaders Burberry and Michael Kors, and Capri Holdings.

ALSO READ: Ron Faris, the head of Nike's SNKRS, will lead the new Virtual Studios

About the report

To produce the report, Nextail collected publicly available information on executives announced to be joining fashion companies as CEO in 2021 and their predecessors.

About Nextail

Nextail is a platform of end-to-end inventory management solutions that delivers customer- centric, data-driven decisions so that brands and retailers can sell more with less stock.

Stay updated with the Latest Fashion startup news. 

Powered by:

11 February 2022, Mumbai:

Piyush Goyal, Union Textile Minister, examined the National Institute of Fashion Technology's important consultancy and development initiatives (NIFT).

He urged NIFT to speed up the completion of each project so that the intended benefits may be delivered to the public and industry as soon as possible.

NIFT also has to come up with efforts to create hybrid online courses, short-term and skill development courses to increase its reach, according to the review conference.

National Sizing Survey of India, VisionXT – Trend Insight and Forecasting Lab, NIFT Design Incubators, Pratibha – A digital platform for Rural Businesses, USTAAD, Centre of Excellence for Khadi, Craft Cluster Initiative, and The Respositories – Textiles and Craft (RTC) Project are among the important projects currently being undertaken by NIFT.

The meeting was also attended by Upendra Prasad Singh, the Secretary of the Ministry of Transport. National Sizing Survey of India and VisionXT– Trend Insight and Forecasting Lab are two projects that might enhance our garment exports significantly.

The Minister requested that NIFT investigate new opportunities that have arisen in the post-COVID era.

The Minister praised the craft cluster concept, which involves students working on projects with craftsmen at the grassroots level, and suggested that each NIFT student adopt an artisan, which would help diversify goods and improve the quality and processes of artisans.

ALSO READ: 

He did, however, request that NIFT speed up the pace of each project so that the intended consequences may be delivered to the public and industry as quickly as possible. The Minister also requested that the idea of combining some of the projects with other comparable initiatives be investigated.

Shantmanu, the Director-General of NIFT, presented an overview and stated that in addition to providing world-class fashion education, NIFT also does numerous consulting initiatives. He presented a talk about eight of these initiatives.

Daily Fashion News 

Follow our Daily News on Linkedin & Youtube.

Subscribe to our daily e-newsletter.

Stay updated with the Latest Fashion startup news. 

Powered by:

*Figures mentioned in the above article have been sourced from Apparel Resources article.

10 February 2022, Mumbai:

Contemporary womenswear show Scoop x Pure closed its doors today celebrating a highly successful first day at Truman Brewery. Showcasing in London until Thursday 10th February, Scoop x Pure welcomed buyers from across the country to preview exclusive collections from a hand-picked edit of emerging and international designers.

Karen Radley, Creative Director of Scoop x Pure commented on the success of day one; “I am thrilled at the number of inspiring and new collections at the show. We have had such a wonderful opening day with really great feedback from exhibitors and visitors.”

ALSO READ: MAGIC Las Vegas 2022

The Autumn Winter edition includes the very best premium and ready-to-wear womenswear and accessory collections from designers such as Quinton Chadwick, Karen Mabon, Karl Donoghue, BRGN, Karl Donoghue, Feri, Louise Hendricks, Primrose Park, Lemon Jelly, Copenhagen Studio, and Supa Snug, as well as a host of new faces including Gee Gee, Lam, Freedom Moses, Blanca Pukara, Mou, Norr Copenhagen, Young Poets Society, Smith and Goat, Neon Denim Brand, Esmé Studios, and Thinking Mu.

Deryane Tadd owner of The Dressing Room commented ‘There is a great buzz and atmosphere at the show. It is really busy which is nice to see.

It is really great to reconnect with people again.’ Paula Deza, Co-Founder and Brand Director, Blanca Pukara, ‘We were very busy this morning and saw a lot of people, we’ve have had a lot of interest from buyers. This is our first time at the show and I really like the venue and the atmosphere’.

Latest Fashion News 

Follow us on Linkedin & Youtube.

Subscribe to our newsletter.

Powered by:

10 February 2022, Mumbai:

A number of designers have expressed their support for the continuation of this collaborative, multi-media format as the upcoming combined edition of FDCI and Lakmé Fashion Week approaches.

Due to the continuing epidemic and the reaction to the last iteration, the Fashion Design Council of India stated on its Facebook page that the forthcoming edition of FDCI x Lakmé Fashion Week would once again involve a combination of online and offline activities.

Several designers slated to participate in the fashion week were contacted by the fashion industry organization to inquire how they felt about the combined format.

ALSO READ: FDCI extends deadline for Circular Design Challenge

"I feel that a united fashion week gives designers and their garments more momentum than fragmented fashion shows and fashion weeks," designer Neeta Lulla told the FDCI on Facebook.

"Having a single fashion week is a fantastic concept, especially when two great businesses come together and pool their resources for the benefit of everyone in the industry," said designer Manoviraj Khosla. "When you have strengths like FDCI and Lakmé Fashion Week coming together, it becomes a superpower," designer Kunal Rawal remarked. 

Designers Amit Aggarwal, Namrata Joshipura, Nitin Bal Chauhan, Payal Jain, and Shantanu and Nikhil, as well as model Lakshmi Rana, spoke in the FDCI's first 'FDCInsights 3.0' online conversation on January 27.

The panelists debated the question "Will fashion videos take a backseat if physical displays take center stage?" and gave their perspectives during the event, which was aired live on the FDCI website.

Latest Fashion News 

Follow us on Linkedin & Youtube.

Subscribe to our newsletter.

Powered by:

*Figures mentioned in the above article have been sourced from Fashion Network article. 

08 February 2022, Mumbai:

Revolutionary US-based haircare model K18 has marked its India entry this month, following an outstanding launch throughout salons in the US and Europe. 

Bringing Biomimetic Hairscience to haircare with breakthrough expertise, the extremely researched formulation is confirmed to revive the injury in simply 4-minutes by rebuilding keratin in the hair for fast outcomes.

K18 ventures into the Indian subcontinent in partnership with Mk Exim India Limited.

Latest Fashion News 

Follow us on Linkedin & Youtube.

Subscribe to our newsletter.

Powered by:

*Figures mentioned in the above article have been sourced from Beauty News UK article.