Consumers appear to be calling time on an industry that long ago stopped selling real luxury goods, writes Eugene Rabkin.
Consumers appear to be calling time on an industry that long ago stopped selling real luxury goods, writes Eugene Rabkin.
Comparable retail sales fell by 1 percent in the first quarter, suggesting CEO Joshua Schulman’s revamp strategy is working.
Comparable retail sales fell by 1 percent in the first quarter, suggesting CEO Joshua Schulman’s revamp strategy is working.
The jeweller bungled the release of a coveted Nautilus timepiece, alienating some customers and fracturing its relationship with Patek Philippe.
The jeweller bungled the release of a coveted Nautilus timepiece, alienating some customers and fracturing its relationship with Patek Philippe.
Simultaneous crises at LVMH, Kering and Chanel suggest all is not well with the luxury megabrand model, but many of the headwinds they face may reverse in the coming years, writes Luca Solca.
Simultaneous crises at LVMH, Kering and Chanel suggest all is not well with the luxury megabrand model, but many of the headwinds they face may reverse in the coming years, writes Luca Solca.
The Swiss group’s jewellery division, including Cartier and Van Cleef & Arpels, grew by double digits in the first quarter, while fashion stagnated and watches slumped. Weaker currencies in key export markets and a darkening China market are set to add further pressure to luxury firms this quarter.
The Swiss group’s jewellery division, including Cartier and Van Cleef & Arpels, grew by double digits in the first quarter, while fashion stagnated and watches slumped. Weaker currencies in key export markets and a darkening China market are set to add further pressure to luxury firms this quarter.
The Belgian designer recently won France’s ANDAM fashion prize.
The Belgian designer recently won France’s ANDAM fashion prize.
LVMH’s high-end cashmere firm cultivated unassailable luxury credentials with its commitment to quality and craft. According to Italian prosecutors, thousands of its cashmere jackets were made in illegal, Chinese-owned workshops on the outskirts of Milan.
LVMH’s high-end cashmere firm cultivated unassailable luxury credentials with its commitment to quality and craft. According to Italian prosecutors, thousands of its cashmere jackets were made in illegal, Chinese-owned workshops on the outskirts of Milan.
The Italian cashmere firm has been placed under judicial administration for a year due to alleged worker exploitation and inadequate oversight within its supply chain.
The Italian cashmere firm has been placed under judicial administration for a year due to alleged worker exploitation and inadequate oversight within its supply chain.
A year after Josh Schulman became CEO of the British mega-brand. investors say they’re pleased with early signs of recovery even though sales are still falling.
A year after Josh Schulman became CEO of the British mega-brand. investors say they’re pleased with early signs of recovery even though sales are still falling.
The Swiss owner of Cartier, Van Cleef & Arpels and other brands has avoided the luxury slump. Sluggish watch sales and local competition in China threaten to spoil the party.
The Swiss owner of Cartier, Van Cleef & Arpels and other brands has avoided the luxury slump. Sluggish watch sales and local competition in China threaten to spoil the party.
Michael Rider’s debut at Celine, Glenn Martens’ first Margiela couture show and Jonathan Anderson’s reinvention of his own brand were among the signs in Paris that luxury is ready to open a new creative chapter, writes Imran Amed.
Michael Rider’s debut at Celine, Glenn Martens’ first Margiela couture show and Jonathan Anderson’s reinvention of his own brand were among the signs in Paris that luxury is ready to open a new creative chapter, writes Imran Amed.
Tim Blanks and Imran Amed share their highlights and takeaways as Jonathan Anderson takes Dior into a new era, Demna closes his Balenciaga chapter and luxury brands face a value proposition reckoning.
Tim Blanks and Imran Amed share their highlights and takeaways as Jonathan Anderson takes Dior into a new era, Demna closes his Balenciaga chapter and luxury brands face a value proposition reckoning.
Kering’s newly created jewellery division regroups Boucheron, Pomellato, Dodo and Qeelin brands as the company aims to pool resources. The conglomerate is also regrouping fashion brand reporting, shielding smaller labels from investor scrutiny.
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
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.
The creative director’s departure after four years was a decision of ‘mutual agreement’ according to the Italian label.
Reed plans to focus on his own brand after three and a half years as creative director for the Puig-owned label.
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.
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.
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.