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.
Why Farfetch and Neiman Marcus Need Each Other
As the industry consolidates further, the online luxury platform will invest up to $200 million in the American department store group, powering its tech in the hopes of gaining a stronger grip on the US market.
Chanel Restricts Sales to Russians Abroad
The French luxury giant is refusing to sell to Russians unless they can prove they live outside the country and declare they will not take purchases to Russia, upsetting some clients.
Patrick Demarchelier, Prolific Photographer, Has Died
The French image-maker, best known for creating celebrity imagery with a high-fashion touch, was 78.
At the Academy Awards, New Rules on the Red Carpet
The business of celebrity dressing is changing as the stakes change: no longer is it about playing it safe to avoid worst-dressed lists. But what’s the upside for fashion brands?
At Ralph Lauren, ‘the Brand Elevation Never Stops’
The brand’s first in-person show since 2019 was yet another effort to straddle the line between luxury and mass appeal
Can a Chat-Based Luxury Shopping Service Scale?
Threads Styling has closed a $12 million funding round as it seeks to fuel burgeoning private sales and grow a traditional e-commerce arm.
Dries Van Noten’s Empire of the Senses
‘I can’t complain about the business,’ said the designer as he turned a rundown 18th-century mansion in Paris into a Wunderkammer for his latest collection and the launch of his new fragrance and beauty offering.
At Versace and Alexander McQueen, Luxury’s Latest Leadership Shuffle
Capri Holdings named Alexander McQueen boss Emmanuel Gintzburger as the new CEO of Versace, whose CEO recently left for Burberry. A top Gucci executive will take over at McQueen.
From Luxury to High Street, All Eyes On the USA
Fashion brands that looked to China to drive growth for much of the last decade are leaning into the opportunity in the United States.
The Future of Airport Retail
Travellers returning to the airport for the first time since the pandemic will find a different retail landscape awaits them past the security gate.
Chanel Duels South Korean Resellers Amid Luxury Boom
Chanel has barred nearly a third of would-be shoppers to stop bulk buyers snagging $10,000 bags for resale with markups of 20 percent or more.
Lucky Number 111 for Burberry’s Riccardo Tisci
The Italian transforming Britain’s biggest luxury brand is confident at last: ‘It’s a big company to move, but now I feel the boat is in the water.’
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.