This episode dissects the luxury fashion market, highlighting Kering's struggles with Gucci and Louis Vuitton's strategic price hikes due to rising costs. It also features an insightful discussion with Another Tomorrow's CEO on scaling circular fashion through physical retail and digital product passports. The episode provides a comprehensive look at financial performance, pricing strategies, and the growing importance of sustainability and ethical considerations in the luxury sector.
This week on the Glossy Podcast, senior fashion reporter Danny Parisi and international reporter Zofia Zwieglinska break down the latest in luxury earnings, pricing shifts and political pushback. Later in the episode, Zwieglinska speaks with Vanessa Barboni Hallik, founder and CEO of sustainable luxury fashion brand Another Tomorrow, about the brand’s physical retail expansion and its approach to digital product passports. Barboni Hallik also discussed brand opportunities to scale circularity, during a conversation about Earth Week. In this week’s news segment, Parisi and Zwieglinska discuss Kering’s first-quarter earnings, which painted a concerning picture, with overall revenue down 14% and Gucci plunging 25%. They talk about the vulnerability of conglomerates overly reliant on a single label and the way macroeconomic tension between the U.S. and China is complicating luxury’s recovery. In other news, Louis Vuitton quietly raised its U.S. prices by nearly 5%, a move likely linked to tariffs and growing production costs. And, amid the U.S. administration’s ongoing efforts to dismantle DEI initiatives, major corporations and fashion brands are responding in different ways. While Target rolled back its diversity programs and saw 11 weeks of consecutive declines in foot traffic, companies like Levi’s and Costco have stood firm on their initiatives — and in some cases, benefited from doing so. Stories mentioned in this episode Fashion Briefing: Fashion brands are feeling the immediate impact of plummeting international travel to the US Hermès price hike sets stage for American tourist boom in Europe Earth Week Activewear brands are scrambling to clean up in America’s age of health anxiety Why brands like Blueland and Faherty are turning to sustainability activists for collaborations Beauty & Wellness Briefing: The sustainability roadblocks impacting top brands today