Prada is adding one of Italy’s most famous brands to its stable at an attractive price. But the group is also piling on complexity in a difficult luxury market.
Prada is adding one of Italy’s most famous brands to its stable at an attractive price. But the group is also piling on complexity in a difficult luxury market.
The US group sold Versace at a roughly $700 million loss after a strategy rooted in more muted designs and higher prices sent sales growth significantly off course.
The US group sold Versace at a roughly $700 million loss after a strategy rooted in more muted designs and higher prices sent sales growth significantly off course.
The power of brand theatre was on display at Milan Design Week, reports Dan Thawley.
The power of brand theatre was on display at Milan Design Week, reports Dan Thawley.
Capri Holdings will bank on mid-tier pricing and a partnership with Amazon following its sale of Versace to Prada, indicating it may relinquish its image as a luxury fashion conglomerate.
Capri Holdings will bank on mid-tier pricing and a partnership with Amazon following its sale of Versace to Prada, indicating it may relinquish its image as a luxury fashion conglomerate.
Prada plans to invest an additional €250 million in relaunching Versace, which has struggled to keep up with bigger heritage brands since selling to Michael Kors parent Capri Holdings in 2018.
Prada plans to invest an additional €250 million in relaunching Versace, which has struggled to keep up with bigger heritage brands since selling to Michael Kors parent Capri Holdings in 2018.
Six years after Bernard Arnault and Donald Trump cut the ribbon on a Vuitton plant in rural Texas, a Reuters investigation has uncovered significant underperformance at the handbag plant, underscoring the hurdles LVMH faces as it attempts to build its production footprint in the US.
Six years after Bernard Arnault and Donald Trump cut the ribbon on a Vuitton plant in rural Texas, a Reuters investigation has uncovered significant underperformance at the handbag plant, underscoring the hurdles LVMH faces as it attempts to build its production footprint in the US.
At Milan Design Week, BoF and Marriott International’s Luxury Group co-hosted a panel discussion on the evolving demands of luxury customers and on building brand staying power in 2025. Now, BoF shares insights from the panel, featuring Marriott International’s president of luxury Tina Edmundson, Dimorestudio co-founder Britt Moran and BoF’s founder and CEO Imran Amed.
At Milan Design Week, BoF and Marriott International’s Luxury Group co-hosted a panel discussion on the evolving demands of luxury customers and on building brand staying power in 2025. Now, BoF shares insights from the panel, featuring Marriott International’s president of luxury Tina Edmundson, Dimorestudio co-founder Britt Moran and BoF’s founder and CEO Imran Amed.
One Wall Street analyst now expects global sales of luxury goods to fall by as much as 2 percent this year, marking the industry’s longest downturn in over two decades.
One Wall Street analyst now expects global sales of luxury goods to fall by as much as 2 percent this year, marking the industry’s longest downturn in over two decades.
The downturn in demand for luxury fashion hasn’t stopped major brands from making a splash at Milan’s Salone del Mobile design fair.
The downturn in demand for luxury fashion hasn’t stopped major brands from making a splash at Milan’s Salone del Mobile design fair.
The Trump administration’s radical changes to US trade policy won’t push retail prices up enough to directly dampen sales, but the effects on the global economy and consumer sentiment could seriously dent an industry still struggling to bounce back from a sharp downturn in demand.
The Trump administration’s radical changes to US trade policy won’t push retail prices up enough to directly dampen sales, but the effects on the global economy and consumer sentiment could seriously dent an industry still struggling to bounce back from a sharp downturn in demand.
The French luxury giant’s sponsorship of the annual Oxford-Cambridge Boat Race is more about brand storytelling than reach. ‘You are talking about the ultimate level of sport with the purest values,’ said Chanel’s president of watches and jewellery Frédéric Grangié.
The French luxury giant’s sponsorship of the annual Oxford-Cambridge Boat Race is more about brand storytelling than reach. ‘You are talking about the ultimate level of sport with the purest values,’ said Chanel’s president of watches and jewellery Frédéric Grangié.
CEOs of the Geneva watch fair’s organising foundation, LVMH’s watchmaking division, Piaget and Breitling sound off on the latest edition. Bulgari has entered the fold, but Breitling, Audemars Piguet and Swatch continued to snub the expo.
CEOs of the Geneva watch fair’s organising foundation, LVMH’s watchmaking division, Piaget and Breitling sound off on the latest edition. Bulgari has entered the fold, but Breitling, Audemars Piguet and Swatch continued to snub the expo.
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.