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.
Louis Vuitton, Jean Arnault, and Big Watchmaking Ambitions
Can luxury fashion’s biggest brand become a fine watchmaking powerhouse? Jean Arnault is betting on the relaunched Tambour model to lead a push upmarket.
Louis Vuitton, Jean Arnault, and Big Watchmaking Ambitions
Can luxury fashion’s biggest brand become a fine watchmaking powerhouse? Jean Arnault is betting on the relaunched Tambour model to lead a push upmarket.
Imran Amed & Luca Solca: How Big Luxury Dominates Fashion
Courtesy of System Magazine, BoF’s Imran Amed and Bernstein analyst Luca Solca discuss how the biggest French luxury companies dominate the fashion industry. ‘They control the whole ecosystem; they have a lock on it.’
Imran Amed & Luca Solca: How Big Luxury Dominates Fashion
Courtesy of System Magazine, BoF’s Imran Amed and Bernstein analyst Luca Solca discuss how the biggest French luxury companies dominate the fashion industry. ‘They control the whole ecosystem; they have a lock on it.’
How Global Luxury Travel Trends Will Impact Fashion
From consumers replacing bucket lists with revenge buying to remote-working blending with travel itineraries to create a “bleisure” travel culture, Marriott International’s president of luxury Tina Edmundson tells BoF how post-pandemic travel trends are changing the opportunity for luxury.
How Global Luxury Travel Trends Will Impact Fashion
From consumers replacing bucket lists with revenge buying to remote-working blending with travel itineraries to create a “bleisure” travel culture, Marriott International’s president of luxury Tina Edmundson tells BoF how post-pandemic travel trends are changing the opportunity for luxury.
How Haute Couture Week Has Gone Global
The schedule has started to reflect a clientele increasingly centred in Asia, the Middle East and other regions beyond the traditional core of Europe and North America.
How Haute Couture Week Has Gone Global
The schedule has started to reflect a clientele increasingly centred in Asia, the Middle East and other regions beyond the traditional core of Europe and North America.
The Vampire’s Wife Faces Liquidation Petition
The cult fashion label said the UK’s tax and customs authority issued a “winding-up petition,” which would allow courts to shutter the company for failing to settle its outstanding tax obligations.
The Vampire’s Wife Faces Liquidation Petition
The cult fashion label said the UK’s tax and customs authority issued a “winding-up petition,” which would allow courts to shutter the company for failing to settle its outstanding tax obligations.
Alexandre de Betak to Become Creative Chairman at The Independents
The move comes as Karla Otto-owner The Independents, which acquired Bureau Betak in 2021, raises $400 million in funding to fuel ambitions to double in size by 2025.
Alexandre de Betak to Become Creative Chairman at The Independents
The move comes as Karla Otto-owner The Independents, which acquired Bureau Betak in 2021, raises $400 million in funding to fuel ambitions to double in size by 2025.
Tamara Ralph’s Couture Comeback
Two years after the shuttering of Ralph & Russo, creative director Tamara Ralph is returning to the world of couture, with the debut of a new label under her own name.
Tamara Ralph’s Couture Comeback
Two years after the shuttering of Ralph & Russo, creative director Tamara Ralph is returning to the world of couture, with the debut of a new label under her own name.
LVMH Emerges as ESG Magnet With $17 Billion Stake
The world’s biggest producer of luxury goods has emerged as a favourite among fund managers marketing themselves as promoters of environmental and social goals.
LVMH Emerges as ESG Magnet With $17 Billion Stake
The world’s biggest producer of luxury goods has emerged as a favourite among fund managers marketing themselves as promoters of environmental and social goals.
Chloé Taps Former Saint Laurent Deputy Amid Potential Designer Shakeup
A former Saint Laurent design director Chemena Kamali is leading a parallel studio at Chloé, with Gabriela Hearst’s future at the Richemont-owned brand unclear, sources said.
Chloé Taps Former Saint Laurent Deputy Amid Potential Designer Shakeup
A former Saint Laurent design director Chemena Kamali is leading a parallel studio at Chloé, with Gabriela Hearst’s future at the Richemont-owned brand unclear, sources said.
Louis Vuitton’s CEO Answers Key Questions on Pharrell’s Debut
Pietro Beccari spoke to BoF editor-in-chief Imran Amed about why Vuitton decided to give the men’s creative director role to a celebrity musician and not a traditional fashion designer; what Williams actually does in the role; and how he measured the success of the show.
Louis Vuitton’s CEO Answers Key Questions on Pharrell’s Debut
Pietro Beccari spoke to BoF editor-in-chief Imran Amed about why Vuitton decided to give the men’s creative director role to a celebrity musician and not a traditional fashion designer; what Williams actually does in the role; and how he measured the success of the show.
Bain: Luxury Set for 5% to 12% Growth Amid Increased Performance Polarisation
Growth will largely come from a rebound in China, a strong Japan market and tourism to Europe. However, brands won’t feel the impact equally, said Bain partner Claudia D'Arpizio.
Bain: Luxury Set for 5% to 12% Growth Amid Increased Performance Polarisation
Growth will largely come from a rebound in China, a strong Japan market and tourism to Europe. However, brands won’t feel the impact equally, said Bain partner Claudia D'Arpizio.
Hong Kong’s Biggest Mall Amps Up Luxury Appeal to Compete for Shoppers
The long lines of customers outside Chanel and Louis Vuitton stores on Hong Kong’s Canton Road are finally back, and the city’s biggest mall operator is trying to get them to spend like before.
Hong Kong’s Biggest Mall Amps Up Luxury Appeal to Compete for Shoppers
The long lines of customers outside Chanel and Louis Vuitton stores on Hong Kong’s Canton Road are finally back, and the city’s biggest mall operator is trying to get them to spend like before.
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.