LVMH has reduced inventory levels by better anticipating consumer demand and producing on demand

2022-05-15 0 By

Hermes has hardly destroyed a single piece of inventory since 2014, an analysis has found.Arnaud Cadart, portfolio manager at Paris-based asset management firm Flornoy, said in a recent report that luxury brands are increasingly focusing on what to do with unsalable inventory as consumers become more environmentally conscious, and found that Hermes has thrown away almost nothing since 2014, with everything sold.Meanwhile, Kering, which owns brands such as Gucci, has chosen to invest in AI to better manage inventory, while LVMH has reduced inventory levels by better anticipating consumer demand and producing on demand.Chinese designers are designing clothes for the Beijing Winter Olympics.Chinese designer CHENPENG, who won the Yu Prize last year, led his eponymous brand CHENPENG to create 1,880 sets of costumes for zhang yimou’s five programs.Feng Chen Wang, a fashion designer known for deconstructing men’s wear, created down jackets with blue-and-white prints of Chinese landscapes, Beijing’s famous buildings and Olympic landmarks, and white Chinese-style suits for the flag-raising ceremony.Mandom, a Japanese cosmetics company, is eyeing the space market.Japanese cosmetics company Mandom has developed body wipes that can be used in space.Because it does not contain ethanol, it will not adversely affect the system used to regenerate water and air inside the International Space Station (ISS).As the United States and other countries push ahead with manned lunar landing and base construction plans, Mandan vowed to take the lead in the space-related market, which is expected to expand in the future.