Perfume Maker Givaudan’s Sales Beat Estimates, Tariff Paybacks Weigh on Shares
Givaudan’s second-quarter organic sales came in ahead of market estimates on Thursday, but its shares fell 5 percent on litigation costs and tariff repayments.
luxury / Leather Goods
Luxury
Luxury Clients Want Meaning More Than Status
The era of buying luxury purely for status and visibility is giving way to something more personal, centred on identity, connection and self-expression, according to BoF Insights and McKinsey’s report ‘Face to Face With Luxury Clients.’
Luxury Clients Want Meaning More Than Status
The era of buying luxury purely for status and visibility is giving way to something more personal, centred on identity, connection and self-expression, according to BoF Insights and McKinsey’s report ‘Face to Face With Luxury Clients.’
Luxury
Icicle: Capturing Interest in Chinese Brands
Executive president Louise Xu explains how the Shanghai-based quiet luxury label is tapping rising interest in Chinese brands, its novel retail concept and the differences between Chinese and Western consumers.
Icicle: Capturing Interest in Chinese Brands
Executive president Louise Xu explains how the Shanghai-based quiet luxury label is tapping rising interest in Chinese brands, its novel retail concept and the differences between Chinese and Western consumers.
Luxury
Chanel’s Bruno Pavlovsky on Reengineering an Iconic Brand
Chanel’s president of fashion, Bruno Pavlovsky, explains in our latest report ‘Face to Face With Luxury Clients’ how the French megabrand has reignited customer excitement and sales growth since onboarding a new artistic director last year.
Chanel’s Bruno Pavlovsky on Reengineering an Iconic Brand
Chanel’s president of fashion, Bruno Pavlovsky, explains in our latest report ‘Face to Face With Luxury Clients’ how the French megabrand has reignited customer excitement and sales growth since onboarding a new artistic director last year.
Luxury
Face to Face With Luxury Clients
After a prolonged slowdown, luxury is gradually returning to growth, led by the US and China. Drawing on a survey of more than 2,000 clients and dozens of interviews across both markets, The Business of Fashion and McKinsey & Company find in the latest edition in our State of Fashion series a base of customers with increasingly distinct local preferences that nonetheless share an overarching desire for emotional connection.
Face to Face With Luxury Clients
After a prolonged slowdown, luxury is gradually returning to growth, led by the US and China. Drawing on a survey of more than 2,000 clients and dozens of interviews across both markets, The Business of Fashion and McKinsey & Company find in the latest edition in our State of Fashion series a base of customers with increasingly distinct local preferences that nonetheless share an overarching desire for emotional connection.
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Luxury
Hermès Opens Bond Street Mega-Boutique
The ultra-luxurious ‘maison’ is a big bet on London’s enduring appeal for luxury shoppers, as the sector struggles to bounce back from a prolonged downturn.
Hermès Opens Bond Street Mega-Boutique
The ultra-luxurious ‘maison’ is a big bet on London’s enduring appeal for luxury shoppers, as the sector struggles to bounce back from a prolonged downturn.
Luxury
Opinion: The Row and Phoebe Philo Are Explaining Big Bling’s Crisis
The Row and Phoebe Philo thrive as elite spenders trade overexposed mega-brands for understated, logo-free luxury, Andrea Felsted writes.
Opinion: The Row and Phoebe Philo Are Explaining Big Bling’s Crisis
The Row and Phoebe Philo thrive as elite spenders trade overexposed mega-brands for understated, logo-free luxury, Andrea Felsted writes.
Luxury
What’s Happening at Hermès?
The French leather goods powerhouse is losing momentum and may soon face its own ‘Capucine moment,’ writes Luca Solca, drawing a comparison with Louis Vuitton in the early 2010s.
What’s Happening at Hermès?
The French leather goods powerhouse is losing momentum and may soon face its own ‘Capucine moment,’ writes Luca Solca, drawing a comparison with Louis Vuitton in the early 2010s.
Luxury
The BoF Podcast | Is Your $3,000 Handbag Worth It? Tanner Leatherstein Has the Answer
The leather expert and BoF 500 member joins Imran Amed to unpack the making of luxury handbags and why consumers are often paying for status over substance.
The BoF Podcast | Is Your $3,000 Handbag Worth It? Tanner Leatherstein Has the Answer
The leather expert and BoF 500 member joins Imran Amed to unpack the making of luxury handbags and why consumers are often paying for status over substance.
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Luxury
Opinion: A Birkin Looks Better on Your Arm Than in a Hedge Fund
With the boom of the secondhand-luxury-goods market, an actual fund that attempts to make money off the secondary luxury handbag market is the next logical step, writes Allison Schrager.
Opinion: A Birkin Looks Better on Your Arm Than in a Hedge Fund
With the boom of the secondhand-luxury-goods market, an actual fund that attempts to make money off the secondary luxury handbag market is the next logical step, writes Allison Schrager.
Luxury
How Beat-Up Bags Became a Luxury Status Symbol
Bumps and scratches on a Birkin bag or Cartier watch are no longer repellent for a rising group of fashion consumers — they actually make the item more desirable.
How Beat-Up Bags Became a Luxury Status Symbol
Bumps and scratches on a Birkin bag or Cartier watch are no longer repellent for a rising group of fashion consumers — they actually make the item more desirable.
Luxury
Why Chinese Shoppers Are Choosing Local Luxury Over LVMH
Chinese consumers are losing interest in heritage European and US luxury brands, instead favouring homegrown premium labels for their distinctive Eastern aesthetic.
Why Chinese Shoppers Are Choosing Local Luxury Over LVMH
Chinese consumers are losing interest in heritage European and US luxury brands, instead favouring homegrown premium labels for their distinctive Eastern aesthetic.
Luxury
Hermès Sees ‘Very Slight’ China Improvement as Q3 Sales Rise 9.6%
Sales of leather goods, including the brand’s classic Birkin and Kelly handbags, were up 13.3 percent.
Hermès Sees ‘Very Slight’ China Improvement as Q3 Sales Rise 9.6%
Sales of leather goods, including the brand’s classic Birkin and Kelly handbags, were up 13.3 percent.
The News in Brief
Trump to Impose Forced Labour Duties on Friday as Temporary 10% US Tariffs Expire
The move is the White House’s latest effort to restore Trump’s campaign vision of a near-global tariff after the US Supreme Court in February struck down his ‘reciprocal’ duties.
LVMH Appoints General Manager of Fragrance
Givenchy executive Yann Musquin will lead the group’s fragrance portfolio, succeeding longtime division head Romain Spitzer.
India Changes Rule in Win for Foreign E-Commerce Companies
In a major win for Amazon, which lobbied for the change, the government will allow foreign e-commerce companies to buy products directly from Indian sellers and sell them to overseas customers.
Skincare Brand Prequel Appoints C-Suite
The dermatologist-developed label has named Nathalie Kristo as its first chief executive officer and Toral Patel as chief marketing officer.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.
Mulberry Quarterly Sales Jump 23% as Turnaround Gathers Pace
The British luxury handbag maker reported a strong start to fiscal 2027 as CEO Andrea Baldo’s strategy gains traction and the brand gears up for designer Christopher Kane’s runway debut in September.
Phillip Lim Announces New Brand PlayLoveWin
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.