The American sportswear giant has been hit by sneaker sourcing issues, like Puma and Adidas, both foreseeing inventory problems, and has cancelled the orders placed by some retailers, according to a US source.
Passing through Italy, the LVMH group’s managing director gave details about the group’s sourcing strategy and mentioned various projects, from Pucci’s relaunch to the plan to build a Louis Vuitton factory in Tuscany.
The group has emphasised its strong links with Italy by staging the métiers d’excellence event in Florence on Friday, and announcing it will hire 2,000 people in the country, where it sources much of its output.
Google is aiming to help the fashion industry become more sustainable and has linked with Stella McCartney, The Textile Exchange and the World Wide Fund for Nature on the Global Fibre Impact Explorer tool.
Amazon's latest spat with Visa shows big retailers, armed with a growing array of payment options, are gaining the upper hand in their power struggle with card providers, but it's not a crisis for the payment company.
In this post-2020 phase, luxury groups will be driven to drastically alter their sourcing models and carry out a radical rationalisation of their supply chain, according to a study by Sistema Moda Italia.