Ezreen Benissan

As music from the continent continues to dominate charts and streaming platforms, more partnerships with luxury are emerging. Brands are advised to get in there early.

This article is part of our Advanced Membership package. To enjoy unlimited access to The Long View from Vogue Business, The Fashion Exec’s Guide and bi-monthly Market Insights Reports, sign up for Advanced Membership here. South Africa reigns supreme on the continent when it comes to winning over international luxury brands. The country is home to some of the biggest names in fashion, including Ferragamo, Louis Vuitton, Dior and Gucci, who have all opened stores in South Africa over the last de…

Sign up to receive the Vogue Business newsletter for the latest luxury news and insights, plus exclusive membership discounts. Among the photos of the International Woolmark Prize winners of 2023 was a joyful shot of Lagos Space Programme’s founder Adeju Thompson holding his trophy above his head — a triumphant moment for the Nigerian designer. Almost exactly a year later, Thompson is at another tipping point: he’s pulling out of Paris Fashion Week men’s in June amid a strategy rethink. The deci…

Sign up to receive the Vogue Business newsletter for the latest luxury news and insights, plus exclusive membership discounts. South Africa Fashion Week (SAFW) has been a launchpad for some of the country’s biggest names, including Mmusomaxwell, Thebe Magugu, Rich Mnisi and Lukhanyo Mdingi. Now, with those designers showing in other cities including London, Milan and Paris, there’s new space to fill. Who are the emerging designers who will step up? Fikile Sokhulu, Viviers Studio and Munkus are a…

This article is part of our Vogue Business membership package. To enjoy unlimited access to our weekly Beauty Edit newsletter, which contains Member-only reporting and analysis, the Beauty Trend Tracker and Leadership Advice, sign up for Vogue Business membership here. South Africa has long been an important entry point for the African market, making the news that L’Oréal Paris is to partner with South Africa Fashion Week (18 to 20 April) a statement of intent. L’Oréal Paris takes over from Mac…

To receive the Vogue Business newsletter, sign up here. Lanvin Group said preliminary revenues for 2023 rose 1 per cent to €426 million, as a softening demand for luxury stumped growth, the group announced on Wednesday. Shares were flat on Wednesday afternoon. “We did see a decrease in revenue from the first half to the second half of the year, which aligned with a general softening of the macroeconomics,” CFO David Chan said on a call with investors. Lanvin Group — owner of Lanvin, Wolford, St…

To receive the Vogue Business newsletter, sign up here. Last month, Balmain creative director Olivier Rousteing collaborated with Ghanaian visual artist and photographer Prince Gyasi for his first full menswear show since the pandemic. As part of the collaboration, some of Gyasi’s images were printed onto the brand’s Autumn/Winter 2024 ready-to-wear and accessories. “I never thought I’d have the opportunity to express myself in that way,” Gyasi says. Gyasi is part of a new wave of African creati…

To become a Vogue Business Member and receive the Beauty Edit newsletter, click here. What happened? During its 2023 annual results conference call on Friday, L’Oréal announced that it has signed an exclusive long-term licence agreement with Miu Miu, which will see the French conglomerate handle the creation, development and distribution of luxury beauty products for the brand. It comes as the beauty giant reported a fourth-quarter sales increase of 6.9 per cent to €10.6 billion, falling below a…

To receive the Vogue Business newsletter, sign up here. Estée Lauder Companies (ELC) plans to cut approximately 5 per cent of staff in order to drive sales and lower costs as part of its “Profit Recovery Plan”, the company said on Monday. The announcement came as ELC reported that net sales declined 7 per cent to $4.28 billion in the second quarter of 2024, due to persistent challenges in Asia travel retail as well as a softening demand for prestige beauty in China. If the recovery plan is succe…

To receive the Vogue Business newsletter, sign up here. Last October, Tokyo–based streetwear brand A Bathing Ape (Bape) teamed up with Michael Jackson’s estate to release a limited-edition capsule collection featuring a varsity jacket inspired by the iconic ‘Thriller’ music video. Two weeks later, Labrum London unveiled a collaboration with Tupac Shakur’s estate, releasing a series of T-shirts and sweatshirts illustrated with the late artist on the back, as well as waistcoats and jeans. More rec…