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.
A Twist on the Destination Fashion Show
This week, everyone will be talking about Camille Miceli’s first collection for Pucci and China’s lockdowns.
Fashion Resale Is Facing an Inventory Crunch
The luxury secondhand market is growing fast, but sustaining that growth hinges on players maintaining a steady stream of hot products to sell.
Gucci’s Sales Missed Estimates As Lockdowns in China Weigh
Sales at Gucci, which generated more than half of Kering’s revenue in the period, rose about 13 percent on a comparable basis, missing analyst expectations.
The Future of Luxury Discounting
With outlets and online discounters set to grow five times faster than full-price channels, luxury brands are hoping to tap the momentum in off-price — ideally without being seen doing so.
Inside Alexander Wang’s Los Angeles Show
The designer staged a festival in the centre of the city’s Chinatown.
What’s Next for Kering?
This week, everyone will be talking about Kering’s first-quarter results and the latest fashion documentary, about the rise and fall of Abercrombie & Fitch.
Alexander Wang Plans a Comeback
After sexual assault allegations tarnished his brand, the designer is back with a booming business in China, an upcoming show in Los Angeles and a broader strategy.
What’s Next for Luxury Brands and Blockchain
The Prada and LVMH-backed Aura Blockchain Consortium is rolling out a shared solution for brands to distribute NFTs. But leveraging blockchain for issues like fighting counterfeits and tracing materials is still in its early stages.
LVMH Expects China to Bounce Back Quickly From Covid-19 Lockdowns
Fashion sales grew by 30 percent in the first quarter, beating expectations, despite a rocky start in the Chinese market, the world’s largest luxury group said.
How Long Can LVMH Keep Up Its Winning Streak?
This week, everyone will be talking about LVMH’s latest results, the return of Coachella and an important US inflation gauge.
The Pivot to E-Concessions Is Reshaping Online Luxury
As top luxury brands pull back from wholesale, e-tailers like Mytheresa, Matchesfashion and Net-a-Porter are adding online concession to their business models rather than to lose access to Gucci loafers and Balenciaga hoodies.
How Zegna Is Adapting to Menswear’s Transformation
CEO Gildo Zegna has to prove that the company's pivot from power suits to sneakers can continue to drive growth.
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.