Conglomerates
Chloé Hires New CEO
Laurent Malecaze, currently chief executive of British menswear label Dunhill, will replace Riccardo Bellini, who is set to exit Chloé at the end of the year.
Zegna Aims to Open 50 Tom Ford Retail Stores, Double Group Margins
At an investor day in New York, the Italian luxury group laid out plans for newly acquired Tom Ford, as well as Thom Browne and its namesake Zegna label.
The Big Bet on Luxury Stocks Stumbles on Inflation, China Woes
Some $180 billion in luxury stocks have already been wiped out since July, and LVMH accounted for about 60 percent of that slump alone.
Coach’s 10-Year Quest to Be More Than a Handbag Brand
Creative director Stuart Vevers, who is celebrating a decade with the brand, brought apparel to Coach and has quietly built it into a nearly $740 million a year business.
Luxury Slowdown? Not So Fast
Momentum in China and tourist spend in Europe enabled the sector to continue growing in Q2, while Kering’s surprise acquisition of a 30 percent stake in Valentino suggests there is more consolidation to come, writes Imran Amed.
LVMH Inks Blockbuster Olympics Deal
The Louis Vuitton owner and its brands will be front-and-centre at the Paris 2024 games, deepening the conglomerate’s ties to the world of sport.
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.’
Can Indie Fashion Compete With E-commerce Juggernauts?
Brands struggle to adapt to wholesale partners like Ssense because of their rampant discounting, which some say threatens the entire livelihood of independent fashion. But individual brands and retailers may have their own tricks up the sleeve.
Why Kering Chose Creed for Its First Big Beauty Acquisition
Kering will acquire 100 percent of the luxury niche fragrance brand controlled by BlackRock Long Term Private Capital Europe and current Chairman Javier Ferrán in an all-cash transaction.
Luxury Fortunes Jump $93 Billion on Demand Boom for Hermès, Dior
A global shopping splurge on luxury goods and beauty products is making some of the world’s richest people even richer.
LVMH’s Guide to the Global Economy
The luxury conglomerate’s first-quarter results will offer crucial insights into China’s recovery, the health of the US luxury market and more. That, plus what else to watch for in the week ahead.
Why L’Oréal Paid $2.5 Billion for Aesop
Aesop pulled off the difficult trick of portraying itself as a luxury brand for everyone, and that turns out to be worth quite a lot.