Edward Buchanan Opens New Creative Hub in Milan
A new space called The Situation will host exhibitions and residencies and provide resources to Black, queer and other under-represented creatives.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
Lanvin Group Raises $150 Million in Public Debut
As the Chinese-owned luxury group raises fresh funds to fuel a turnaround, it’s contending with a cooling luxury market and a playing field dominated by much larger rivals.
BoF Insights | What’s Next for Luxury Shoes in 5 Charts
From Amina Muaddi to Mach & Mach, wealthy consumers are reshaping the market with a desire for comfortable and versatile — yet statement-worthy — premium and luxury shoes, according to the latest report from BoF Insights.
How Jacquemus Makes It Rain (Not Just Raffia)
As raffia fell from the ceiling, Simon Porte Jacquemus’ Monday show offered a fresh glimpse into the buzzy French label that’s harnessed a charismatic founder, clear brand identity and business model tailored to social media to generate €200 million in revenue this year.
Why Lanvin Group Probably Won’t End Fashion’s IPO Drought
The owner of Lanvin, Sergio Rossi and other brands is the first fashion company to list on a US exchange in a year. But the tough economy and investor skepticism about money-losing start-ups is likely to keep others from following suit.
How Hedi Slimane Doubled Celine Sales
The brand, which has surpassed €2 billion in annual revenue, celebrated its momentum with a fashion show-meets-concert in Los Angeles, where the biggest rock star was arguably the designer.
Antoine Arnault Becomes CEO of LVMH Holding Company
Christian Dior SE, the holding company through which French billionaire Bernard Arnault and his family control luxury goods conglomerate LVMH, has named Antoine Arnault its CEO and vice-chairman.
Why Prada Is Hiring a New CEO
Patrizio Bertelli and Miuccia Prada are stepping down as the group’s co-CEOs, passing the reins to former Luxottica chief Andrea Guerra and hiring a new leader for their flagship Prada brand.
BoF Insights | The New Statement Shoe: Reimagining Designer Footwear
Read the latest BoF Insights report to get BoF’s perspective on designer shoes, covering shifts in the competitive landscape, product innovation and what high-net-worth individuals in particular are looking for when buying designer shoes.
Hugo Boss CEO Daniel Grieder’s Vision For the Future of Formalwear
The State of Fashion 2023 interview: The German brand’s CEO on the post-pandemic renaissance of office wear and formalwear, with an emphasis on casualisation and comfort.
Pierpaolo Piccioli, Grace Wales Bonner, Bella Hadid and Burberry Among 2022 Fashion Award Winners
The star-studded annual ceremony recognised a mix of established talent and rising stars, while also paying tribute to the late Queen Elizabeth II.
Los Angeles, the Fifth Fashion City?
Celine is the latest brand to show a collection there, further cementing Southern California’s status as a regular stop on luxury’s global circuit. That, plus what else to watch for this week.
Balenciaga’s Breakdown: What Went Wrong and What Comes Next
Late Friday, the brand issued further apologies and abandoned its plan to sue a production company amid continued outrage in response to its recent holiday campaign.
THE NEWS IN BRIEF
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.
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.