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.
luxury / Art
Luxury
Opinion: In Defence of Fakes
We’re entering a world where copying isn’t only a compliment, it’s a form of creativity all on its own, argued Felix Salmon.
Luxury
Despite Art Market Lull, Art Basel Still Delivers for Miami Beach
Art Basel Miami Beach is the biggest art fair in the US and has emerged as a year-end, pre-holiday retreat for corporate leaders of all stripes.
Luxury
Frank Gehry, Titan of Architecture, Has Died
Gehry, one of the first architects to embrace the potential of digital design, created the ethereal Fondation Louis Vuitton in Paris as well as the world-famous Guggenheim in Bilbao.
Luxury
In the Convalescent Art Market, Old Is Cool Again
A renewed interest in historical work is breathing life back into the ailing art world.
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Luxury
How Sound System Culture Took Over UK Art and Fashion
Starting in Jamaica in the 1950s, sound system culture has become a feature of artistic spaces.
Luxury
How Much Do We Really Reveal When We Get Dressed?
A new exhibition – with contributions from Chanel, McQueen and Galliano – places 100 looks under the psychoanalytic lens, and suggests that what we wear is the result of a battle in the psyche.
Luxury
Four Takeaways From the Fall Art Fair Frenzy
Paris is booming amid growing reliance on core collectors and wider market regionalisation. Plus, artists consider Sora 2, YouTube vs Netflix and the Pompidou’s Grand Finale.
Luxury
V&A East, a New Museum for Gen Z
Director Gus Casely-Hayford discusses the mission behind the Victoria and Albert Museum’s East London offshoot.
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Luxury
Can Art Basel Paris Serve Both Insiders and the Public?
The Paris event is a commercial frenzy, but in contrast to other art fairs, it stands out for the quality and quantity of its public programming.
Luxury
Rethinking the Art World | Alvaro Barrington Is a True 21st-Century Artist
How a hip-hop mindset, an Old Masters epiphany and a radical approach to the art market launched a true artist of our times.
Luxury
The Importance of Minimalism in a Maximalist World
Spectacle is fun; simplicity is boring. But boredom is perhaps what we’re most lacking in art and fashion today, writes Felix Salmon.
Luxury
Rethinking the Art World | How Christie’s and Sotheby’s Plan to Remake Their Fortunes
The duopoly still dominates the art world’s auction sector, but amid a stagnant art market their growth strategies haven’t been more distinct for years.
The News in Brief
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.
P&G Beats Revenue Estimates, Flags Bigger Hit to Annual Profit
The maker of Pantene shampoo was helped by strong personal care demand, but expects higher commodity costs to reduce profit by about $1.4 billion this year.