Audemars Piguet to Certify Its Pre-Owned Watches Following Rolex
Whereas Rolex is both a buyer and seller of its second-hand watches through official retail partners, Audemars is setting up a marketplace where sellers set prices.
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Latest News & Analysis
Sustainability
Sustainability to Become 'Requirement of Doing Business' Says PVH Chief
Emanuel Chirico spoke exclusively to BoF as the Tommy Hilfiger and Calvin Klein owner outlined a suite of ambitious new social and environmental targets.
Fashion Week
How Designers Will Be Affected By a Shortened New York Fashion Week
Tom Ford’s first act as CFDA chairman addresses longstanding calls for a shorter fashion week. The goal is to attract more international buyers and editors, and reverse an exodus of prominent designers.
Financial Markets
Kering to Pay €1.25 Billion Tax Settlement
The settlement with the Italian revenue agency relating to Gucci and Swiss subsidiary Luxury Goods International SA requires the French group to pay €897 million in additional taxes, along with further payment for penalties and interest, for a total of €1.25 billion.
Luxury
Kering’s Shopping List Should Include These Brands
To continue to create shareholder value, the French luxury group may need to make at least one major acquisition.
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Global Markets
Sabyasachi Mukherjee: King of India’s Bridal Market
The designer, whose bridal pieces are worn by India’s billionaire heiresses and Bollywood superstars, has built a luxury brand that’s set to generate $35 million in revenue in 2019. Now, he’s on a quest to tap the lucrative fine jewellery market and take his business global.
News & Analysis
Carine Roitfeld Breaks Into Perfume
The collection of seven genderless fragrances, called ‘7 lovers,’ is now available on Net-a-Porter as well as her own website.
News & Analysis
'The Reality of Fashion Is Not What Students Expect,' says Anna dello Russo
BoF sits down the Anna dello Russo to discuss the mentorship culture she is building at Istituto Marangoni and her role as scientific director at its Milan campus.
News & Analysis
Op-Ed | To Democratise Camp Is to Kill It
The Metropolitan Museum of Art’s large-scale, Gucci-backed show on Camp may be pushing the inherently subcultural sensibility closer to extinction, argues Eugene Rabkin.
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News & Analysis
Power Moves | Selfridges' New Group Chair, Carolina Herrera Hires Global Marketing VP
This week, Alannah Weston succeeds her father as chairman of the Selfridges Group, while Jodie Chan joins Carolina Herrera as vice president of global marketing and communications.
Luxury
Anya Hindmarch to Take Back Reins of Her Business
Following the sale of her company to the Marandi family, the entrepreneur is taking back the head business role after stepping down in 2011.
News & Analysis
Fashion's Top Talents Discuss the Politics of Disruption at Frieze Academy
Dapper Dan, Kimberly Drew, Yoon Ahn and more discussed how to create sustainable change in the industry at Frieze Academy’s Art and Fashion Summit in partnership with The Business of Fashion.
Luxury
Stefano Pilati’s Next Move
From his new base in Berlin, the former Yves Saint Laurent designer is breaking away from the traditional luxury model and building a fledgling fashion venture rooted in accessible pricing, digital sales and customer feedback. Can it scale?
The News in Brief
Mike Ashley’s Frasers Says It’s Taken Control of Hugo Boss
The British retail group has pushed its stake in the German apparel brand above 50 percent in a move that will turn Hugo Boss into a subsidiary of Frasers.
Shein Agrees to Pay $100 Million to Settle US FTC Probe
The settlement, equivalent to 44 percent of the ultra fast-fashion company’s second-quarter profit, is the latest blow amid regulatory and tax crackdowns in Europe and the US that have hampered Shein’s growth.
Kering Drops 12% as Luxury Braces for Tough Winter
The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.
UK Retail Sales Fall 0.4% in September, More Than Forecast
Sales fell in September as above-average temperatures hit demand for autumn clothing.
Elle Launches Moroccan Edition
Hitting newsstands in October, the magazine marks Elle’s 51st international edition, published under licence by the Geomedia group.
David’s Bridal Plans Spinoff and IPO of AI Wedding Planning Platform Pearl
Pearl, a subsidiary of David’s Bridal, will own David’s Bridal and license its intellectual property back to the bridalwear brand. David’s Bridal CEO Kelly Cook will serve as Pearl’s CEO.
L’Oréal Sales Beat Expectations as Premium Products Surge
The French giant handily beat expectations on strong demand for hair products at salons and premium skincare from its dermatological division.