The latest news in Fashion and Luxury (episode 14)
NewsNellyRodi’s fashion and luxury experts share their picks from the market’s major updates. Episode 14 covers March 2024.
MARCH 4 – Coperni innovates again with a bag made of air
Coperni pushed the boundaries of the impossible by introducing a handbag composed of 99% air at its Fall-Winter 2024 runway show during Paris Fashion Week. The Air Swipe Bag is made from silica aerogel, a nanomaterial used by NASA for space missions, making this bag the lightest in the world at only 33 grams. Designed in collaboration with Professor Ioannis Michalous, the bag is revolutionary in terms of sustainability and durability. The achievement embodies the innovative spirit of Coperni’s founders, Arnaud Vaillant and Sébastien Meyer, both avid space enthusiasts. They also surprised us last year with a bag made from fragments of a lunar meteorite.
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MARCH 11 – The 2024 GEM Awards winners announced
For its 22nd edition, the 2024 GEM Awards, organized by Jewelers of America, celebrated the players and personalities who made their mark in the jewelry sector during the year. Tiffany & Co. was honored with an award for the transformation of its “The Landmark” flagship store at 57th Street and Fifth Avenue. English actress and singer Cynthia Erivo was recognized for her distinctive jewelry, while designer Marla Aaron won the GEM Award. Other talents in the profession were also honored, including Tanya Dukes, who received the Media Excellence Award for her writing about the jewelry and watch market, and retailer Ben Bridge Jeweler, who was named for customer experience and commercial innovation.
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MARCH 14 – Measures against fast fashion
On March 14 the French National Assembly unanimously passed measures to curb the expansion of fast fashion and ultra-fast fashion. The sector’s brands, known for offering very low-priced clothing, are criticized for their environmentally disastrous production methods and poor workers’ conditions. The proposed law, adopted in the first reading, aims to limit their visibility and accessibility by, for example, banning advertisements for their clothes. The proposed law would place France at the forefront of countries legislating against fast fashion. The vote notably echoes the announcement a few days ago by the mayor of Nice that he had refused the installation of a pop-up store organized by the fast-fashion brand Shein.
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MARCH 25 – Versace opens a luxury hotel in Macao
More than ten years after its announcement, the Palazzo Versace hotel has finally opened its doors in Macao, China. It’s the first Asian five-star hotel for the Italian house, which is managed and owned by Capri Holding. Located in the Cotai zone in the Macao region, the 271-room palace is part of the luxurious Grand Lisboa Palace Resort Macau hotel complex. With a wellness center, two pools and two restaurants, Palazzo Versace embodies the house’s codes with its flamboyant, opulent, elegant style. Inspired by Italian neoclassical palaces, it also features some of the brand’s signatures, such as the Medusa and the Greek key, combined with Chinese motifs such as the golden dragon. The palace is the second Versace hotel, following one in Dubai, the United Arab Emirates.
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MARCH 26 – The latest collaborations at Maison Margiela
It’s a busy time for collaborations for the MM6 Maison Margiela label. On February 28, the brand collaborated with the Korean brand Gentle Monster on a collection of retro-futuristic glasses. Under the direction of Margiela Creative Director John Galliano, the collection was inspired by the themes of “time and transmission, as well as the industrial universe.” In addition, a few days ago MM6 Maison Margiela announced a new capsule collection in collaboration with the Supreme brand. Available since March 28, the capsule includes a variety of unique pieces, ranging from a faux fur coat to a skateboard deck. Finally, in the latest issue of Vogue Scandinavia, artist Björk made a sensation on the cover of the magazine, wearing a dress from the 2024 Artisanal collection.
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MARCH 27 – Bulgari establishes its own foundation
The Bulgari jewelry house, a member of the LVMH group, has just finalized the creation of the Fondazione Bulgari. The project is in line with the brand’s values, which involve the preservation of historical heritage. The Fondazione Bulgari is expected to follow the house’s lead by sponsoring activities for the preservation of national and international monuments. The foundation will also have a social dimension with commitments to support projects to improve access to health and education as well as initiatives to pass on artisanal skills to encourage the emergence of new generations of artists from disadvantaged backgrounds.
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