Luxury market faces significant challenges in 2024, HSBC report reveals
Key Insights:
2024 Growth Cut: HSBC lowered luxury sector growth forecast to 2.8% from 5.5%, marking it the 6th-worst year in 20 years.
Divergent Results: Prada is expected to grow 21% in Q3 2024, while Gucci and Burberry face...
Transparency in fashion industry
Rafiad Ruhi
In recent years, the fashion industry, which is one of the most dynamic and expansive sectors in the world, has been subjected to...
Developing a luxury apparel brand: Key strategies, case study, & market analysis
Introduction
The luxury apparel industry has always been a symbol of exclusivity, craftsmanship, and status. As global consumer preferences shift toward sustainability and individuality, the...
Bamboo fiber for sustainable growth and economic potential in Philippines
Cynthia Villar, the Chairperson of the Senate Committee on Agriculture said bamboo has the potential to support sustainability in economic growth as it grows...
Africa’s Path to Sustainable Cotton Production
Dewan Mashuq Uz Zaman
In many parts of the world, cotton is grown in large plantations, but in Africa it is almost exclusively cultivated by...
Brewed Protein™: Future of animal-free, eco-friendly fashion
The current textile world is loaded with synthetic materials produced through the union of petroleum and chemistry. These aseptic materials have already caused significant...
