Lanvin Deputy CEO Siddhartha Shukla Exits Brand
Owner Lanvin Group said it is ‘fully committed’ to the French label’s development under creative director Peter Copping, with CEO Andy Lew in charge of management.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
Why Hyping Art as an Investment Needs to Stop
Positioning art as an ‘alternative asset class’ is a losing game, writes Marc Spiegler. Plus, ‘South Park’ trolls Trump and the art world’s new Thai fixation.
Why Hyping Art as an Investment Needs to Stop
Positioning art as an ‘alternative asset class’ is a losing game, writes Marc Spiegler. Plus, ‘South Park’ trolls Trump and the art world’s new Thai fixation.
Inside Jacob & Co.’s Strategy to Disrupt Luxury Watchmaking
As the luxury watch sector experiences shifting consumer preferences and market contraction, brands are seeking new paths to relevance and growth. Here, BoF speaks with Benjamin Arabo, chief executive officer of Jacob & Co., to understand how the American company is evolving its efforts to disrupt traditional watchmaking.
Inside Jacob & Co.’s Strategy to Disrupt Luxury Watchmaking
As the luxury watch sector experiences shifting consumer preferences and market contraction, brands are seeking new paths to relevance and growth. Here, BoF speaks with Benjamin Arabo, chief executive officer of Jacob & Co., to understand how the American company is evolving its efforts to disrupt traditional watchmaking.
Hermès Valuation Woes Eclipse Sales Gain
Shares fell as much as 4.7 percent even after the company reported second-quarter sales growth that far outpaced major luxury rivals.
Hermès Valuation Woes Eclipse Sales Gain
Shares fell as much as 4.7 percent even after the company reported second-quarter sales growth that far outpaced major luxury rivals.
Prada Sales Miss Estimates Amid Luxury Slump
Sales at the group’s flagship Prada brand slid 3.6 percent in the second quarter against a ‘challenging’ and ‘somewhat unprecedented’ backdrop, the company said.
Prada Sales Miss Estimates Amid Luxury Slump
Sales at the group’s flagship Prada brand slid 3.6 percent in the second quarter against a ‘challenging’ and ‘somewhat unprecedented’ backdrop, the company said.
Hermès Sales Rise 9%, Outpacing Rivals
The French leather goods giant said it would fully pass on the effects of tariffs to its clients in the US, where it raised prices by an additional 5 percent this year.
Hermès Sales Rise 9%, Outpacing Rivals
The French leather goods giant said it would fully pass on the effects of tariffs to its clients in the US, where it raised prices by an additional 5 percent this year.
With a Chain of Coffee Shops, Coach Wants to Be Gen-Z’s New Mall Hangout
The handbag brand is rolling out dozens of cafés across US outlet malls, offering branded lattes, merch and a reason for young shoppers to linger longer in stores.
With a Chain of Coffee Shops, Coach Wants to Be Gen-Z’s New Mall Hangout
The handbag brand is rolling out dozens of cafés across US outlet malls, offering branded lattes, merch and a reason for young shoppers to linger longer in stores.
Gucci Sales Plunge 25% as Kering Woes Continue
The French conglomerate reported plummeting second-quarter sales at flagship Gucci as the brand gears up for its second creative revamp in three years. Group sales tumbled 15 percent.
Gucci Sales Plunge 25% as Kering Woes Continue
The French conglomerate reported plummeting second-quarter sales at flagship Gucci as the brand gears up for its second creative revamp in three years. Group sales tumbled 15 percent.
Pinaults’ Artemis Says Not Facing Financial Strain Despite Kering Woes
A jump in standalone debt is a ‘temporary spike’ and the company is not facing liquidity problems due to a drop in dividends from Kering and other assets, it told Reuters.
Pinaults’ Artemis Says Not Facing Financial Strain Despite Kering Woes
A jump in standalone debt is a ‘temporary spike’ and the company is not facing liquidity problems due to a drop in dividends from Kering and other assets, it told Reuters.
Temasek Builds 10% Stake in Zegna in Boost for Expansion Plans
The Singapore state-owned investor has agreed to buy a roughly 5 percent stake in Ermenegildo Zegna for $126.4 million, after previously scooping up shares amounting to another 5 percent. The deal will accelerate the Italian fashion group’s expansion plans, the company said.
Temasek Builds 10% Stake in Zegna in Boost for Expansion Plans
The Singapore state-owned investor has agreed to buy a roughly 5 percent stake in Ermenegildo Zegna for $126.4 million, after previously scooping up shares amounting to another 5 percent. The deal will accelerate the Italian fashion group’s expansion plans, the company said.
Tired of the Hamptons? Fashion Isn’t
The lines are long, the prices astronomical and the influencer presence inescapable — but the Hamptons remain a key stage for brands chasing wealthy customers.
Tired of the Hamptons? Fashion Isn’t
The lines are long, the prices astronomical and the influencer presence inescapable — but the Hamptons remain a key stage for brands chasing wealthy customers.
$50,000-a-Night Resort Signals Africa’s Future in Luxury Travel
Capital from billionaire business moguls and Middle Eastern royals is pouring into Africa, filling a funding gap left by banks, as a new wave of ultra-luxury developments reshapes the continent’s hospitality landscape.
$50,000-a-Night Resort Signals Africa’s Future in Luxury Travel
Capital from billionaire business moguls and Middle Eastern royals is pouring into Africa, filling a funding gap left by banks, as a new wave of ultra-luxury developments reshapes the continent’s hospitality landscape.
US Tariffs Will Test Luxury’s Pricing Power
European luxury brands have relied on dramatic price increases to fuel profit growth in recent years and may have limited manoeuvring room to raise prices further.
US Tariffs Will Test Luxury’s Pricing Power
European luxury brands have relied on dramatic price increases to fuel profit growth in recent years and may have limited manoeuvring room to raise prices further.
THE NEWS IN BRIEF
Marco De Vincenzo Exits Etro
The creative director’s departure after four years was a decision of ‘mutual agreement’ according to the Italian label.
Harris Reed Exits Nina Ricci
Reed plans to focus on his own brand after three and a half years as creative director for the Puig-owned label.
Missoni Family Exits Namesake Brand
The transaction gives FSI, a Milan-based private equity fund, a controlling share in the Italian luxury house, as more founder-owned brands turn to investors to fund growth and weather a tough global market.
Rolex Enthusiasts Get Kalshi Contracts to Bet on Watch Prices
The contracts allow users to trade on outcomes such as whether an item will surpass a price threshold or predict whether a brand will launch a new model.
Giambattista Valli Again Cancels Paris Fashion Show
Following a last-minute withdrawal from the couture calendar in January, the label, which is majority-owned by Pinault family investment fund Artémis, cancelled a runway outing scheduled for March 6.
Arnault Tightens Grip on LVMH as His Stake Crosses the 50% Mark
Now the Arnault family also has over 65 percent of LVMH’s voting rights.
Zadig & Voltaire Names Dan Sablon Creative Director
Sablon, who serves as Vogue France’s cultural director-at-large, will show his first collection for the French fashion label in March during Paris Fashion Week.