Arnault Clan to Change LVMH Holding Structure to Ensure Control
Under the plan, the world’s biggest luxury group will be controlled by one entity, Agache SCA, after Christian Dior SE, one of the current holding companies of LVMH, is delisted.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
Conner Ives Brings an American Perspective to London Fashion Week
The New-York born, London-based designer made upcycled clothes hot enough for Rihanna and Dua Lipa. Now he’s trying to balance environmental values with building a brand.
Gucci Banks on Ultra-High-End Private ‘Salons’ to Revive Sales
‘Nothing will cost less than $40,000, and it will go up to as much as $3 million for high jewellery,’ Kering boss François-Henri Pinault said this week.
Khaite Opens First Store, in Soho
The New York-based brand’s new storefront is the first of ten it plans to open over the next half-decade.
Can Kering Get Back On Track?
Gucci’s sales dropped 15 percent during the fourth-quarter while scandal-mired Balenciaga also stalled. Still, shares rose as investors rallied behind a bullish outlook for China.
Confirmed: Pharrell Williams Will Usher in a New Era at Vuitton Men’s
The celebrity music producer has been appointed men’s creative director at luxury’s biggest brand in the first big move by new CEO Pietro Beccari.
Kering’s Most Important Earnings in Years
The luxury giant must address challenges at Gucci and Balenciaga, plus uncertainty in China, the company’s most important market. Plus, what else to watch for this week.
Can Buzzy Area Take Its Business to the Next Level?
With clothes ‘like eye candy,’ the New York label has won over stars like Rihanna and doubled turnover, hitting ‘low eight figure’ sales in 2022. Now, co-founders Piotrek Panszczyk-Burke and Beckett Fogg are targeting the lucrative accessories market.
The BoF Podcast | Baillie Walsh and The Art of Immersive Experiences
Deep roots in fashion and music have helped the self-described film director stage powerful experiences from Abba Voyage to Kim Jones’ recent shows for Dior Men and Fendi Couture.
Balenciaga to Focus on Collections, Heritage Amid Continuing Controversy
The French brand will scale back on spectacle and focus on design after being accused of sexualising children, designer Demna told Vogue in the company’s first interview since the scandal last year.
Phoebe Philo Sets Digital-First Debut for September
The famously social media-shy designer has launched an Instagram account and will unveil her first collection under her own name via phoebephilo.com.
Capri Cuts Forecasts as Demand Slows, Shares Plunge 20%
High-end fashion companies weathered decades-high inflation better than other industries for most of last year as affluent shoppers dipped into pandemic savings, but persistently increasing prices have now prompted even high-end spenders to stem their splurging on designer labels.
How Self-Portrait Grew a Global Business Selling Party Dresses
Bootstrapping entrepreneur Han Chong built a brand beloved by a broad range of clients. What’s the secret to his success?
THE NEWS IN BRIEF
Reference Festival to Host ‘Freie Kunst’ Event at Art Basel Paris
The event runs from Oct. 22 to 25 and will mix participants from art, fashion, music and technology as part of the festival’s tradition of a ‘radical and unhinged exchange of ideas,’ said Mumi Haiati, founder of the event’s organiser Reference Studios.
Dior to Host Cruise Show in Shanghai
The LVMH-owned megabrand will show its Cruise 2028 line in the Chinese fashion capital on May 14, 2027.
Botswana Seeks Bigger De Beers Stake
Diamonds have underpinned the African country's economy since their discovery there in 1967.
Swiss Watch Exports Grow for Fourth Month, Overcoming US Slump
Exports in August were buoyed by China and Japan, despite a sharp decline in shipments to the US.
Mytheresa Owner’s Sales Rise as Ultra Wealthy Keep Shopping
LuxExperience posted a rise in sales as the luxury multibrand platform’s strategy of catering to the ultra wealthy helped it navigate a difficult environment for high-end fashion.
Prada Revamps Milan Flagship to Cater to Top Clients and New Shoppers
The group is hoping the renovated eight-level complex can generate €100 million in annual revenue, chief executive Andrea Guerra told Reuters.
Dior and A24 Announce Two-Year Collaboration
The partnership, which will kick off at the A24-owned, New York-based Cherry Lane Theatre, will comprise live events for film and theatre featuring established and emerging creative talent.