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.
Case Study | Inside the $7 Billion Dior Phenomenon
How did a 75-year-old brand triple its revenues in just four years? By overhauling its commercial offer, racing into e-commerce and investing in spectacular flagships, Christian Dior Couture has radically accelerated its business, transforming itself into “a homegrown Chanel challenger within LVMH.”
Is Jacquemus Ready for Retail?
The French brand is testing the waters of luxury retail with an ‘ephemeral boutique’ on Paris’ Avenue Montaigne during September’s fashion week. The boutique is officially temporary, but sources say the brand is exploring a longer-term retail presence.
Inside Gigi Hadid’s New Knitwear Brand, ‘Guest in Residence’
The model’s accessibly priced, direct-to-consumer cashmere concept is launching online and with a New York Fashion Week pop-up.
BFC Chair Stephanie Phair Steps Down, Having Steered Trade Group Through Brexit and Coronavirus
During her four-and-a-half-year tenure, the Farfetch executive steered London Fashion Week’s organising body through one of the most challenging periods Britain’s fashion industry has ever faced.
Why European Brands Are Still Betting on America
A packed New York Fashion Week schedule points to resilience in the US market. But for how long? Plus, what else to watch out for in the coming week.
The BoF Podcast | Rick Owens on Lessons Learned From the Pandemic
The designer speaks with BoF editor-at-large Tim Blanks about his first collection after 2020 and why he feels a sense of optimism following the pandemic.
How Does a Brand Like Louis Vuitton Choose a New Designer?
Martine Rose, Grace Wales Bonner and Telfar Clemens are among the designers who have been considered by Vuitton-owner LVMH to succeed the late Virgil Abloh, according to sources. A final pick is expected within weeks.
From Venice to Tokyo, Fashion’s Summer Vacation Is Over
The Venice Film Festival, Rakuten Fashion Week and the US Open kick off a busy fall for the fashion industry. Plus, the events to watch for in the coming week.
Will the Farfetch-YNAP Deal Work? It’s Complicated.
Richemont sold a big stake in loss-making Yoox Net-a-Porter to rival Farfetch, giving the fashion platform a major boost. But it’s hard to make money in online luxury, where the path to profitability remains challenging.
The BoF Podcast | Inside Yohji Yamamoto’s Fashion Philosophy
In a rare interview, the influential Japanese designer speaks with BoF’s Imran Amed about the philosophy that underpins his boundary-breaking career.
Richemont, Farfetch and YNAP: Understanding a Transformational E-Commerce Deal
The Swiss luxury group is spinning off Yoox Net-a-Porter in a joint venture with fashion platform Farfetch. What does it mean for Richemont, Farfetch, YNAP and the luxury industry at large? BoF dissects the deal.
Richemont to Sell 47.5% of Yoox Net-a-Porter to Farfetch
The Swiss group will sell an additional 3.2 percent to Symphony Global, leaving YNAP without a controlling shareholder. The deal paves the way for Farfetch to potentially take control of the loss-making e-tailer, the companies said.
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.