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.
Ludovic de Saint Sernin to Design Ann Demeulemeester
The brand is targeting a turnaround under owner Claudio Antonioli, who acquired the label in 2020.
Fear of God to Open Next Chapter with Large-Scale Fashion Show for Fans
The move is part of a growth push that includes its first flagship and expansion into women’s footwear and accessories, founder Jerry Lorenzo said at BoF VOICES.
Kim Kardashian ‘Re-Evaluating’ Balenciaga Deal After Bondage Ad Crisis
The brand later said it was “closely revising its organisation” as it continues to face widespread backlash over a campaign featuring children modelling BDSM-inspired products.
What’s Next for Lanvin Group?
The Shanghai-based company has been busily seeking a turnaround at its portfolio of brands including Lanvin, Wolford, and Sergio Rossi ahead of a planned New York IPO. Amid market turmoil, can the group still achieve a bumper exit?
Why Gucci Wanted a Change — And What’s Next
The market is still digesting Gucci’s move to part ways with Alessandro Michele. A slowdown at Kering’s flagship brand was complicating the company’s wider ambitions, but change comes with risk as well as potential reward.
Why Alessandro Michele Is Exiting Gucci
From 2015 to 2019, the designer’s trendsetting maximalist vision powered the modern luxury sector’s most successful turnaround ever. But more recently Kering’s flagship brand has struggled to keep up momentum.
Gucci Needs Creative Change, Says New Consensus
With Kering’s flagship brand struggling to keep up momentum, analysts and investors rallied around a report saying creative director Alessandro Michele is set to leave the company.
Report: Alessandro Michele Set to Exit Gucci
Shares in owner Kering rose after WWD reported, citing unnamed sources, that a creative shakeup was imminent at the Italian luxury brand.
Balenciaga Apologises After Accusations It Sexualised Children in Ads
The label has deleted photos that featured children holding teddy bears that were clad in what appeared to be bondage gear after the images generated outrage on social media.
Has the Luxury Watch Market Peaked?
An uncertain economy and freefalling resale prices have created a sense of unease in the category, but watch dealers and experts say the best is still ahead.
The Strategy Behind Louis Vuitton’s Viral Football Campaign
A luggage campaign harnessed the power of football superstars Cristiano Ronaldo and Lionel Messi to earn the most Instagram ‘likes’ ever, while sidestepping World Cup controversy and staking out precious brand territory.
Raf Simons Is Closing His Label
The designer is shutting down his namesake brand. The label's spring-summer 2023 collection shown in London in October will be its last, Simons said in a statement posted on Instagram Monday.
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.