Armani Open to More Than One Investor for Sale of 15% stake, CEO Says
The comments by chief executive Giuseppe Marsocci come as the brand reportedly considers the possibility of LVMH, L’Oreal and EssilorLuxottica sharing the stake.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
Karl Lagerfeld: A Line of Beauty Is the Met Costume Institute’s 2023 Exhibition
The exhibition is set to bring together a collection of the late designer’s creations from Chanel, Fendi, Chloé, Balmain, Patou and his namesake Karl Lagerfeld brand.
Can the Family Behind Ferrari Make Chinese Luxury Stick?
Exor, the investment fund of Italy’s Agnelli family, has tapped LVMH-Prize finalist Yang Li to lend a fashion edge to its recent Shang Xia acquisition. Almost two years in, the company’s first luxury venture is starting to take shape.
The Debrief | Inside the Luxury E-Commerce Race
After years of speculation, designer e-tailers are finally consolidating in an effort to increase profits and gain market share. BoF’s Robert Williams and Tamison O’Connor unpack what’s in store for major players including Farfetch, YNAP and MatchesFashion.
Why Burberry Changed Designers
Daniel Lee has been appointed Burberry’s chief creative officer, succeeding Riccardo Tisci, as the British luxury brand seeks to accelerate growth under a new CEO.
Style Not Com: The Anti-Diet Prada
Beka Gvishiani’s Instagram — a wide-eyed aggregator posting fashion’s every move — has become a must-follow for industry insiders. What’s his endgame?
Chat-Based E-Tailer Threads Styling Acquired by Chalhoub Group
The deal will allow Threads Styling to deepen its ties with the key Middle Eastern market, while its new owner strengthens an improved digital and global presence.
How Luxury Can Better Support Female Empowerment
In a roundtable co-hosted by Bulgari and BoF over Milan Fashion Week, thought-leaders from fashion, luxury and their adjacent industries shared insights and learnings on how to power positive change for the female-identifying workforce.
Remo Ruffini on Moncler’s Reset
The executive talks about the future of the company’s Genius project, and key opportunities for growth.
Paris Fashion Week Cheat Sheet
The big brands are (mostly) all back, but the schedule has plenty of newcomers, independents, emerging talents and a contingent of Ukrainian designers looking to steal the show. That, plus what else to watch for in the coming week.
Can Diesel Repeat Its Y2K Success?
The designer-denim pioneer, now under the creative direction of Glenn Martens, continues to build momentum among the young and hot.
Handbag Prices Are Skyrocketing. Who’s Buying Them? | BoF Insights
As Versace becomes the latest brand planning to hike its handbag prices, BoF Insights looks at the degree to which consumers’ budgets accommodate these higher prices.
Media Executive David Pemsel Named New BFC Chair
The former Guardian Media Group CEO and founder of communications agency ScienceMagic.Inc will succeed Stephanie Phair as chairman of the British Fashion Council.
THE NEWS IN BRIEF
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.
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.