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.
Heron Preston Launches L.E.D. Studio
Part platform, part community, part innovation hub, L.E.D. Studio is a space to experiment with creative concepts using ‘less environmentally destructive’ practices. For the launch, Preston is rolling out an online store, a scholarship fund and a creative agency.
Heron Preston Launches L.E.D. Studio
Part platform, part community, part innovation hub, L.E.D. Studio is a space to experiment with creative concepts using ‘less environmentally destructive’ practices. For the launch, Preston is rolling out an online store, a scholarship fund and a creative agency.
‘Culture Is the New Luxury’: Golden Goose CEO Unveils Strategy for Next Chapter
After reaching €500 million in annual sales, Golden Goose is set to roll out a new cultural hub in Venice and leverage partnerships with creators including Suki Waterhouse and Brian Woo, joining players like Louis Vuitton and Moncler in putting culture, not just fashion, at the heart of its brand in a bid to widen its appeal.
‘Culture Is the New Luxury’: Golden Goose CEO Unveils Strategy for Next Chapter
After reaching €500 million in annual sales, Golden Goose is set to roll out a new cultural hub in Venice and leverage partnerships with creators including Suki Waterhouse and Brian Woo, joining players like Louis Vuitton and Moncler in putting culture, not just fashion, at the heart of its brand in a bid to widen its appeal.
Gucci Show Reaffirms Seoul’s Status as Capital of Pop Culture
K-style takes centre stage in collection that draws inspiration from South Korea’s contemporary and traditional dress.
Gucci Show Reaffirms Seoul’s Status as Capital of Pop Culture
K-style takes centre stage in collection that draws inspiration from South Korea’s contemporary and traditional dress.
Rhuigi Villaseñor Exits Bally
The founder of hit LA-based label Rhude helped kickstart momentum at the Swiss heritage brand after taking up the creative director role in January 2022.
Rhuigi Villaseñor Exits Bally
The founder of hit LA-based label Rhude helped kickstart momentum at the Swiss heritage brand after taking up the creative director role in January 2022.
Farfetch Takes Its Turn Under the Microscope
The luxury marketplace reports results amid skepticism about e-commerce stocks, and as its YNAP deal inches forward. That plus what else to watch for in the coming week.
Farfetch Takes Its Turn Under the Microscope
The luxury marketplace reports results amid skepticism about e-commerce stocks, and as its YNAP deal inches forward. That plus what else to watch for in the coming week.
Hermès Opens New Leather Goods Workshop as Sales Approach $15 Billion
The French brand has accelerated the pace of opening new workshops and training centres in response to rising demand for its handbags.
Hermès Opens New Leather Goods Workshop as Sales Approach $15 Billion
The French brand has accelerated the pace of opening new workshops and training centres in response to rising demand for its handbags.
Richemont Shoots Down Reports of LVMH Takeover Interest
The Cartier-owner reported earnings that beat analysts’ estimates as sales in China rebounded following the end of Covid Zero policies.
Richemont Shoots Down Reports of LVMH Takeover Interest
The Cartier-owner reported earnings that beat analysts’ estimates as sales in China rebounded following the end of Covid Zero policies.
Prada’s Q1 Revenues Jump 22 Percent, Surpassing €1 Billion
Prada reported a strong rebound in Asia and shook off fears of a US slowdown.
Prada’s Q1 Revenues Jump 22 Percent, Surpassing €1 Billion
Prada reported a strong rebound in Asia and shook off fears of a US slowdown.
Helmut Lang Taps Peter Do as Creative Director
The New York-based designer will oversee Helmut Lang’s men’s and women’s collections, effective May 15. His debut collection, spring 2024, will be presented during New York Fashion Week later this year.
Helmut Lang Taps Peter Do as Creative Director
The New York-based designer will oversee Helmut Lang’s men’s and women’s collections, effective May 15. His debut collection, spring 2024, will be presented during New York Fashion Week later this year.
Walter Albini Relaunch Confirmed
Bidayat, a fund controlled by Rachid Mohamed Rachid, is set to relaunch Italian label Albini after acquiring its IP and archive, BoF can confirm. Rachid declined to comment on unconfirmed media reports that Alessandro Michele is involved.
Walter Albini Relaunch Confirmed
Bidayat, a fund controlled by Rachid Mohamed Rachid, is set to relaunch Italian label Albini after acquiring its IP and archive, BoF can confirm. Rachid declined to comment on unconfirmed media reports that Alessandro Michele is involved.
Luxury’s Race to the Top
Giants like LVMH and Kering enjoy scale benefits that are hard for competitors to overcome, but there’s still hope for smaller players, writes Pierre Mallevays.
Luxury’s Race to the Top
Giants like LVMH and Kering enjoy scale benefits that are hard for competitors to overcome, but there’s still hope for smaller players, writes Pierre Mallevays.
Stockings, Style, Surrealism — How Man Ray Changed the Fashion Industry
Although his heart was never in it, the American artist was a prolific – and highly experimental – fashion photographer. A new exhibition explores the surrealist’s side hustle.
Stockings, Style, Surrealism — How Man Ray Changed the Fashion Industry
Although his heart was never in it, the American artist was a prolific – and highly experimental – fashion photographer. A new exhibition explores the surrealist’s side hustle.
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.