Luca de Meo Says Italy Remains Key, Rules Out Production Shift
The Kering CEO also denied any interest in buying a minority stake in Armani, adding that the group was focusing on other challenges.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
Ferragamo’s Plan to Double Sales Under a New CEO
Former Burberry boss Marco Gobbetti says the brand will race to refresh its products and image to attract Gen-Z clients.
Three Threats to Big Luxury
Top-tier luxury brands have come roaring out of the pandemic, but the return of experiences, the rising risk of a global downturn and growing ubiquity of widely distributed labels could spell trouble ahead.
Ukrainian Creators Open Pop-Up Showcase in Paris
Tripolar, a temporary concept store and exhibition organised by a collective of Ukrainian creators working in fashion, design, and the arts opened on Paris’ Boulevard Saint-Germain Monday.
Is Luxury Recession-Proof?
With the risk of global downturn rising by the day, the fate of luxury brands depends heavily on their positioning, writes Pierre Mallevays.
Remo Ruffini’s Plan for Moncler and Stone Island
Ahead of its first investor day in four years, the Italian outerwear giant’s chairman and CEO lays out a strategy for the future of Moncler Genius, Stone Island, M&A and more.
Gucci to Accept Cryptocurrency
The Italian megabrand is set to accept payment in Bitcoin, Ethereum, Dogecoin and other digital currencies at select US stores.
Luxury Seizes the Vacation Dressing Boom
Camille Miceli’s Pucci experience on the island of Capri shows how the industry’s expansion into resortwear — and resort retail — is accelerating. The push comes amid rebounding demand for travel and experiences from consumers longing to return to their pre-pandemic lifestyles.
How Vogue Monetises the Met Gala
What began as a fundraiser for the Metropolitan Museum of Art’s Costume Institute has also become a major revenue opportunity for publisher Condé Nast.
The Debrief: Unpacking Alexander Wang’s Rise, Fall and Attempted Return to Fashion
BoF’s Lauren Sherman and Matthew Schneier, senior writer at New York Magazine and The Cut, discuss the former star designer’s attempted industry re-entry following a slew of sexual assault allegations.
Can Kering Shake Off Gucci’s Growth Hangover?
First-quarter sales missed estimates at Gucci. The Italian mega-brand’s uneven pandemic rebound has some investors worried after years of dizzying growth.
Case Study | A New Model for Building Independent Fashion Brands
Brand accelerators like Tomorrow offer cash, shared services and economies of scale. Can the approach turn high-potential young labels into success stories?
France’s Macron Wins Re-Election, Averting Nationalist Shake-Up
A victory by far-right challenger Le Pen would have thrown French fashion’s international workforce into uncertainty and risked tarnishing ‘brand France.’
THE NEWS IN BRIEF
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.
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.