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.

In his latest briefing, watches expert Robin Swithinbank takes the temperature as the Swiss watchmaking industry kicks off Geneva Watch Week. Audemars Piguet’s return, heavyweight no-shows, the mood amongst CEOs and more.

In his latest briefing, watches expert Robin Swithinbank takes the temperature as the Swiss watchmaking industry kicks off Geneva Watch Week. Audemars Piguet’s return, heavyweight no-shows, the mood amongst CEOs and more.

The very strategy the Italian luxury house used to maintain its fiercely guarded independence — funding expansion through debt instead of selling equity — is putting pressure on the company as it attempts to navigate a punishing sector-wide slowdown.

The very strategy the Italian luxury house used to maintain its fiercely guarded independence — funding expansion through debt instead of selling equity — is putting pressure on the company as it attempts to navigate a punishing sector-wide slowdown.

Revenue at Kering’s flagship brand fell 8 percent in the first quarter, missing analyst expectations, despite creative and management overhauls.

Revenue at Kering’s flagship brand fell 8 percent in the first quarter, missing analyst expectations, despite creative and management overhauls.

Seven months into his tenure, Kering’s new CEO has stabilised the company’s finances, but his primary challenge remains reviving growth at flagship brand Gucci.

Seven months into his tenure, Kering’s new CEO has stabilised the company’s finances, but his primary challenge remains reviving growth at flagship brand Gucci.

First-quarter sales at the group’s critical fashion and leather goods unit came in slightly below analyst expectations, as the war in the Middle East weighed on demand, despite signs of improvement in China.

First-quarter sales at the group’s critical fashion and leather goods unit came in slightly below analyst expectations, as the war in the Middle East weighed on demand, despite signs of improvement in China.

While passenger numbers have recovered to pre-pandemic levels, sales in duty-free hubs like airports are sluggish. The reality is pushing many brands to rethink their presence: those that want to chase volume have to innovate the offering, or adapt their stores to function more as billboards.

While passenger numbers have recovered to pre-pandemic levels, sales in duty-free hubs like airports are sluggish. The reality is pushing many brands to rethink their presence: those that want to chase volume have to innovate the offering, or adapt their stores to function more as billboards.

The war in Iran is weighing on sales at malls in Dubai and Abu Dhabi, with a 30-50 percent drop in sales and 15 percent drop in footfall at the Mall of the Emirates in March, a source told Reuters. The larger Dubai Mall saw a 50 percent drop in traffic.

The war in Iran is weighing on sales at malls in Dubai and Abu Dhabi, with a 30-50 percent drop in sales and 15 percent drop in footfall at the Mall of the Emirates in March, a source told Reuters. The larger Dubai Mall saw a 50 percent drop in traffic.

The recruitment of the former Gucci, Louis Vuitton and Prada executive follows the resignation of Stefano Gabbana as chairman in December.

The recruitment of the former Gucci, Louis Vuitton and Prada executive follows the resignation of Stefano Gabbana as chairman in December.

This week, LVMH, Kering and Hermès report Q1 results, Kering hosts a capital markets day in Florence, and Pucci shows in Sicily.

This week, LVMH, Kering and Hermès report Q1 results, Kering hosts a capital markets day in Florence, and Pucci shows in Sicily.

In the second instalment of the BoF Podcast’s Ask Me Anything series, Imran Amed takes on listener questions about creative energy returning to the industry, what luxury really feels like, why independent brands don’t need the old gatekeepers, and how to keep going when the world feels uncertain.

In the second instalment of the BoF Podcast’s Ask Me Anything series, Imran Amed takes on listener questions about creative energy returning to the industry, what luxury really feels like, why independent brands don’t need the old gatekeepers, and how to keep going when the world feels uncertain.

The government of Botswana — which owns 15 percent of the iconic diamond firm — is seeking to boost that stake beyond half the company.

The government of Botswana — which owns 15 percent of the iconic diamond firm — is seeking to boost that stake beyond half the company.

The company confirmed the resignation, saying it had ‘no impact whatsoever on the creative activities carried out by Stefano Gabbana.’ According to sources, the mogul is considering options for his roughly 40-percent stake in the Italian fashion brand ahead of negotiations with creditors.

The company confirmed the resignation, saying it had ‘no impact whatsoever on the creative activities carried out by Stefano Gabbana.’ According to sources, the mogul is considering options for his roughly 40-percent stake in the Italian fashion brand ahead of negotiations with creditors.
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.
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.
The designer departed his namesake label 3.1 Phillip Lim in November 2024 to pursue personal projects.
Net sales rose 8.5 percent year on year at constant exchange rates, but the Swiss group’s profit was hit by negative currency effects.
The French fashion house said cut ties weeks ago with the subcontractor concerned, instructing its packaging supplier to end the relationship two days after receiving an alert on May 18.
Police visited nine high-end fashion firms as part of an investigation into alleged exploitation of workers at subcontractors.
The British brand’s sales grew across all product ranges for the first time in three years, though shares fell as investors shift focus to its efforts to drive further profitability.
The appointment is part of the Italian lingerie brand’s turnaround strategy following last year’s acquisition out of bankruptcy by Peter Kern.