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Luxury

Here’s What We Learned From Last Week’s Luxury Results Bonanza

Among the takeaways from the latest round of quarterly reports from European luxury groups: China’s hurting, industry growth in the US has slowed and quiet luxury is having a moment.

Luxury

Luxury’s Problem With Unsold Stock Comes Under the Microscope

New European regulations will soon force high-end brands to reveal all the stock they shred and burn to keep retail values high.

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

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.

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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.

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.

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.

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.

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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.

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.

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.

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.

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