Business

AI in Fashion: H&M’s Chief Creative Officer Jörgen Andersson on the Digital Twin Journey

Artificial intelligence (AI) is rapidly reshaping the fashion industry. While some companies wait and see, others are taking bold steps forward. At H&M, one of the world’s largest fashion retailers, Chief Creative Officer Jörgen Andersson is exploring how AI can support creativity, most notably through the creation of digital twins. In this...

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People

Hermès appoints Grace Wales Bonner as creative director of men's ready-to-wear

Another shift in the luxury industry. British designer Grace Wales Bonner is joining Hermès, taking over the creative direction of the men's ready-to-wear division, according to a statement from the luxury fashion house. Hermès praises the designer for her “contemporary and innovative approach to menswear” which she has employed and developed...

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Fashion

Gucci tops inaugural Cultural Currency Index

Italian fashion house Gucci has topped the first-ever Cultural Currency Index (CCI), a new social-first data-based model created to quantify how cultural engagement translates into measurable market momentum. The index from Annex, the analytics-driven brand consultancy co-founded by Miah Sullivan, former global chief marketing officer and...

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Kering sells its beauty division to L'Oréal to boost recovery

French luxury group Kering, which has been struggling for several years, is selling its beauty division to fellow French company L'Oréal for four billion euros. This move is expected to help reduce its debt and continue its recovery. The news was first reported on Saturday by the Wall Street Journal. Kering is selling its beauty division,...

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