De Beers Makes Sweeping Cuts to Its Elite Diamond-Buying Club
The diamond company produced less than 22 million carats last year, down from almost 35 million in 2022.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
Phoebe Philo One Step Closer to Launch
Star designer Phoebe Philo is one step closer to launching her new namesake label. Today, the brand, which is set to debut digitally in September, began registering customers at phobephilo.com, fuelling anticipation amongst her fanbase of “Philophiles.”
Phoebe Philo One Step Closer to Launch
Star designer Phoebe Philo is one step closer to launching her new namesake label. Today, the brand, which is set to debut digitally in September, began registering customers at phobephilo.com, fuelling anticipation amongst her fanbase of “Philophiles.”
Soaring Miu Miu Sales Boost Prada Group
Miu Miu's first-half revenues jumped 50 percent year on year as runway relevance translated into sales. The group’s flagship Prada brand grew 18 percent.
Soaring Miu Miu Sales Boost Prada Group
Miu Miu's first-half revenues jumped 50 percent year on year as runway relevance translated into sales. The group’s flagship Prada brand grew 18 percent.
LVMH China Rebound Offsets Weakening US Demand
Group revenue for the first half rose 17 percent year-on-year to €42.2 billion. But a fall in US sales in the second quarter could signal the sector’s post-pandemic explosive growth spurt is beginning to temper.
LVMH China Rebound Offsets Weakening US Demand
Group revenue for the first half rose 17 percent year-on-year to €42.2 billion. But a fall in US sales in the second quarter could signal the sector’s post-pandemic explosive growth spurt is beginning to temper.
LVMH Inks Blockbuster Olympics Deal
The Louis Vuitton owner and its brands will be front-and-centre at the Paris 2024 games, deepening the conglomerate’s ties to the world of sport.
LVMH Inks Blockbuster Olympics Deal
The Louis Vuitton owner and its brands will be front-and-centre at the Paris 2024 games, deepening the conglomerate’s ties to the world of sport.
Where Did Luxury’s Aspirational Shoppers Go?
After years of fuelling growth at luxury brands, the consumer segment group — which typically opts for entry-level accessories — pulled back sharply on spending in the first quarter of 2023. BoF unpacks what happened and what’s to come.
Where Did Luxury’s Aspirational Shoppers Go?
After years of fuelling growth at luxury brands, the consumer segment group — which typically opts for entry-level accessories — pulled back sharply on spending in the first quarter of 2023. BoF unpacks what happened and what’s to come.
Is This Luxury’s New Normal?
LVMH, Kering and Prada are among the companies who will seek to reassure the market this week after mixed-bag earnings resulted in a luxury sell-off. That, plus what else to watch for in The Week Ahead.
Is This Luxury’s New Normal?
LVMH, Kering and Prada are among the companies who will seek to reassure the market this week after mixed-bag earnings resulted in a luxury sell-off. That, plus what else to watch for in The Week Ahead.
How Loewe Became One of Fashion’s Hottest Brands
The Spanish fashion brand surpassed Prada to become the internet’s favourite brand, according to the Lyst Index’s ranking of the most popular labels and products.
How Loewe Became One of Fashion’s Hottest Brands
The Spanish fashion brand surpassed Prada to become the internet’s favourite brand, according to the Lyst Index’s ranking of the most popular labels and products.
Who Should Be Gucci’s New CEO?
Following this week’s announcement that longtime Gucci chief Marco Bizzarri will exit the company in September, Imran Amed shares his top picks for one of the top jobs in the global luxury industry.
Who Should Be Gucci’s New CEO?
Following this week’s announcement that longtime Gucci chief Marco Bizzarri will exit the company in September, Imran Amed shares his top picks for one of the top jobs in the global luxury industry.
As Gucci’s CEO Steps Down, Saint Laurent’s Chief Steps Up
Marco Bizzarri led the Italian luxury giant through a historic expansion before the business struggled to bounce back from the pandemic. Parent company Kering announced the move as part of a broader executive shakeup after which Saint Laurent CEO Francesca Bellettini will oversee all the group’s brands.
As Gucci’s CEO Steps Down, Saint Laurent’s Chief Steps Up
Marco Bizzarri led the Italian luxury giant through a historic expansion before the business struggled to bounce back from the pandemic. Parent company Kering announced the move as part of a broader executive shakeup after which Saint Laurent CEO Francesca Bellettini will oversee all the group’s brands.
Ralph Lauren to Keep Raising Prices in Brand Elevation Push
The American label is doubling down on efforts to elevate the cachet of its brands and to sell higher-priced items like home goods.
Ralph Lauren to Keep Raising Prices in Brand Elevation Push
The American label is doubling down on efforts to elevate the cachet of its brands and to sell higher-priced items like home goods.
Richemont Drops on Signs Luxury Demand Falling in US, China
Richemont led luxury goods stocks lower amid concerns that demand in the US and China, two of the biggest markets for the industry, is starting to sputter.
Richemont Drops on Signs Luxury Demand Falling in US, China
Richemont led luxury goods stocks lower amid concerns that demand in the US and China, two of the biggest markets for the industry, is starting to sputter.
How Jane Birkin Changed ‘French Girl’ Style Forever
The British French actress and singer, who died on Sunday, embodied changing ideas of femininity and influenced fashion far beyond the Hermès bag that famously bears her name.
How Jane Birkin Changed ‘French Girl’ Style Forever
The British French actress and singer, who died on Sunday, embodied changing ideas of femininity and influenced fashion far beyond the Hermès bag that famously bears her name.
THE NEWS IN BRIEF
Zegna Chairman Says War Has Clouded Visibility of Demand in Middle East
The Italian fashion house cautioned the war is reducing visibility on demand in the Middle East, which accounts for 7 percent of its sales, though all stores are currently open in the region.
Zimmermann Names Roberto Eggs CEO
The Moncler Group executive will succeed longtime CEO Chris Olliver, who is staying on as executive chairman.
Watch Exports Bounced Back in February Before War in Middle East
Swiss watch exports saw a 9.2 percent rise in February, driven by a strong rebound in the US market.
Swatch CEO Warns Iran War Is Weighing on Watchmaker’s Sales
The company has more than 200 stores in the Middle East, said chief executive officer Nick Hayek.
Kering Unveils New Jewellery Unit, Merges Fashion Brand Reporting
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.
Luxury Stocks Face Most Bearish Sentiment in Years, UBS Says
War in the Middle East, the luxury industry’s fastest-growing market, threatens to delay a long-expected rebound in demand.
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.