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LVMH Is Trusting Kim Jones to Define Fendi's Post-Karl Look
The British designer is following in the footsteps of fashion multi-tasker Karl Lagerfeld, becoming artistic director for womenswear at Rome-based Fendi while keeping his job as designer of Dior Homme.
The Key Metrics Fashion CEOs Are Watching Now
What you measure is what you get. In a highly unpredictable post-Covid fashion market, business leaders need the right metrics to track the strength of their brands and make informed decisions quickly, mobilise teams and craft a narrative for investors.
Power Moves | LVMH Appoints New Vice President of D&I, Jimmy Choo Names New CEO
This week, Corey Smith was named vice president of diversity and inclusion at LVMH Inc., while Jimmy Choo veteran Hannah Colman was appointed chief executive of the luxury fashion house.
LVMH and Tiffany Push Back Deal Deadline
The French luxury goods giant and US jewellery chain will give themselves another three months to complete their $16.2 billion tie-up.
Luxury Clobbered By Covid-19
The Savigny Luxury Index (“SLI”) took a tumble this month, with the luxury sector enduring one of its worst quarters on record.
Amid Pandemic, Luxury Leaders Seize Digital Opportunity to Gain on Rivals
The worst quarter in the history of the modern luxury business was also its best ever for digital sales.
What Luxury’s Worst Quarter Ever Reveals About the New Normal
Bleak financial results at LVMH, Kering and others came as little surprise. But managers offered fresh clues on how the crisis will reshape the luxury market going forward — and signalled a few unexpected bright spots.
LVMH Revenue Down 38% in the Second Quarter
The luxury conglomerate's profit from recurring operations was $1.96 billion in the first six months of the year, falling below analysts expectations.
Coronavirus Lockdowns Return in the US
This week, everyone will be talking about Valentino's couture show and the worsening coronavirus pandemic in the US. Get your BoF Professional Cheat Sheet.
What Happened to Rethinking the Fashion System?
For brands big and small, there is real value in rethinking the industry’s traditional system of showing, delivering and discounting collections to better match today’s globalised, digital world. But meaningful change may take 12 to 24 months.