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.
Luxury’s Opportunities for Growth Through Innovation and Sustainability
In Paris, Shopify and BoF gathered executives from Jacquemus, Coperni, Isabel Marant, Patou, Giambattista Valli, Marine Serre, Paco Rabanne, Ami, Vestiaire Collective and Early Majority to discuss the strategic imperatives required to navigate the uncertain socio-economic environment, and reimagine how the industry operates.
Farfetch Reports Rare Drop in Online Sales
The strong dollar worked against the luxury marketplace, which has struggled to grow as consumers return to physical stores.
BoF Insights | The Rise of Resale: Luxury as Currency
Many shoppers regard their luxury accessory purchases as assets that could appreciate in value, opening new opportunities for the luxury resale market and emphasising the importance of authentication, according to new research from BoF Insights, conducted in partnership with eBay.
Luxury’s Growth Expected to Slow Dramatically Next Year, Bain Says
After sales of personal luxury goods are set to surge 22 percent this year, the consultancy forecasts growth will slow to 3 to 8 percent in 2023.
BoF LIVE: The Future of Customer Engagement in Luxury E-Commerce
Kristin Maa, senior vice president of growth at Saks, and Lydia Pang, chief executive and co-founder of Mørning, share their insights on how luxury e-commerce is being transformed.
The Evolution of Luxury Brand Canada Goose
BoF sits down with the chairman and CEO of Canada Goose, Dani Reiss, to discover how its investment in more conscious production methods, combined with ambitious category expansion, are the foundation of Canada Goose’s mission to position itself as a next-generation luxury brand.
Mytheresa Bolsters China Push With Local Designer Programme
The German e-tailer is launching a ‘China Designer Program’ as part of its plans to grow its still-nascent business in the key market.
The Brands Convincing You to Buy an Engagement Ring Off Instagram
A new cohort of mostly female, social media savvy founders are breaking with decades of jewelkery industry tradition in pursuit of young consumers.
Can the Changes at Gucci Reignite Growth?
Luxury’s biggest pre-pandemic success story is reinforcing its high-end credentials as it works to transition from an era of fashion-driven ‘reinvention’ to a new chapter of ‘sustainable elevation.’
Riccardo Tisci Reveals New Design Under Own Label
Actress and screenwriter Michaela Coel wore a custom black gown designed by Tisci for the premiere of 'Black Panther: Wakanda Forever.'
Report: Kering in Talks to Acquire Tom Ford
The French luxury conglomerate has been competing with beauty giant Estée Lauder for the prized asset, emerging as the frontrunner, according to sources.
Can a New CEO ‘Transform’ Matchesfashion?
The British luxury e-tailer reported another year of widening losses in 2021. But new chief Nick Beighton is focused on the future, looking to attract young customers and revamp the site’s user experience.
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.