fashion

Think of Margiela in Paris, that was a Golden Age in fashion because you could show in an alleyway, and there's kids around. Next to a dumpster. Maybe it was dangerous, but back then no one had to care about safety hazards. But now that's not safe anymore. You can't recklessly do that.

People don’t understand that it’s expensive to be famous. Once you become famous, you’re forced to always have security and all these other things. It’s not an option. So all of a sudden you’ve got these huge overhead costs.

Glossier took pride in creating their own tech for things like point-of-sale and checkout, and perhaps the big irony is that recently, they moved over to Shopify.

For Tapestry, the most important customer has been the investor, and in that way, it’s not a bad business

Indeed, that is the genius of the LVMH model that Arnault has created. It’s quite possible that being the C.E.O. of LVMH would be a less fun and desirable job than being the C.E.O. of Tiffany’s, or Tag Heuer or Dior, or one of the incredible French wineries that LVMH owns.

Do we need more show reviews or do we need to know how much the show cost?

It just makes me think, [the V.C.s] are bad at their job. It’s part of why Barbie is considered such an extreme thing, or a Taylor Swift concert. Men, and I mean largely white, cis men, think male culture is just culture. God forbid that they have to think about something that is not squarely targeted at them. That they can’t possibly try a moistur... See more

The secondary line, rebranded Proenza Schouler White Label, now makes up 30 percent of revenue, while direct retail, including one physical store and e-commerce, accounts for 20 percent of business, up a few percentage points from before the pandemic.