It’s the most wonderful time of the year! Happy holidays from Fashion Reverie, and we hope you’re enjoying food, time with family, and some rest. The holiday season also means lots of pies and cakes, and what better to accompany your dessert than a nice hot pot of tea? The fashion industry is ending the year with some scandalous notes and more expected news on the horizon, but without further ado, we conclude our 2024 season serving up the dish.
This renowned luxury store is now having some of its brands sell on consignment in its physical stores while only doing inventory buys for its website. Unfortunately, this has left some customers disgruntled, as that makes a difference in sale offers between brick-and-mortar and online. However, this was not always the case and is very revealing about the state of this once acclaimed department store’s fall from grace with shrinking buying budgets.
Things aren’t looking too good for this billionaire fashion executive. Unknown to many, the media, especially the fashion outlets, blacked out news of his court troubles where one of his consultants used their security contacts to retrieve private information to protect the luxury group. The executive denied he was aware of any such scheme, but it doesn’t stop there. This multi-billion-dollar beauty company under his umbrella is going viral on TikTok for all the wrong reasons, as it’s been found they donated money to Donald Trump. The executive in question might hope his customers don’t start boycotting before he falls in the billionaire ranks.
This luxury brand is currently under fire after TikTok users discovered one of their most famous ‘It’ bags costs only $84 to make. While markups in luxury brands are not unheard of, it’s the fact this bag, at $84 cost, goes on the market for $2000. With luxury consumers clocking on to the fact they aren’t paying for quality, this brand might rethink its marketing strategy for this bag and get its PR department in crisis mode ASAP.
This magazine, which released its major awards season issue early, is being talked about as an indicator of the current state of its holding company. The publishing conglomerate that owns this major magazine is said to be bracing for layoffs and is deeply affected by their revolving door of executives who keep departing from their Chinese arm. 2024 has been the nuclear winter for media, ending on a sour note for many with layoffs.
—Mr. Dippity Don’t
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