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.
Bottega Veneta: Everything Old Is New Again
In the driver’s seat after the abrupt exit of his predecessor, young Belgian Matthieu Blazy aims to reconnect the brand with its Italian pedigree, elevating emotion and handcraft over ‘obsession with technology and newness.’
Farfetch’s Next Moves
On the heels of its first profitable year, the luxury platform is continuing on with a multi-pronged strategy to gain more market share, from a potential YNAP deal to a hundred-million-plus opportunity with Reebok.
Miuccia, Raf and the Future of Prada
Inside fashion’s most idiosyncratic, influential duo and the challenge of balancing creative complexity with a big brand’s need for clarity.
Louis Vuitton Is Ramping Up French Production
The luxury brand spotlighted job creation and top-end crocodile bags as it inaugurated two workshops, with 2 more on this way.
Fashion Finds Its Place at Frieze Los Angeles
The festival, which just finished its third installment, is cementing its status as a priority event for luxury brands hoping to bask in the art world’s glow and court wealthy collectors.
When It Comes to Luxury Price Hikes, the Party May Soon Be Over
For years, luxury brands have been raising their prices, simply because they could. But as raw materials get more expensive, and real inflation continues to rise, sophisticated shoppers may begin to look elsewhere.
Hermès Sales Pinched By Production Constraints
The luxury brand reports eased sales growth in the last quarter, sending shares down by 7 percent, amongst revenue acceleration of luxury competitors.
Kering’s Game Plan for 2022
With flagship brand Gucci turning a corner and the French group’s smaller brands still surging ahead, chairman François-Henri Pinault laid out a roadmap for Kering’s next chapter.
‘Sexy, Modern, Relevant’: Why Nensi Dojaka Is London’s Fast-Rising Star
With an LVMH Prize win under her belt, the designer is now focused on building out her collections, adding new categories and more wearable designs with an aim to reinforcing her brand identity while appealing to a broader audience.
Kering Sales Beat Estimates on Gucci Turnaround, Surging YSL and Balenciaga
‘Mission accomplished’ at the French group as flagship label Gucci’s sales climbed back above 2019 levels, a key milestone in its recovery from the pandemic.
When Will Gucci Join Luxury’s Post-Pandemic Party?
This week, everyone will be talking about Kering’s 2021 results, the end of New York Fashion Week and the start of the shows in London.
Lessons in Fashion Business-Building from Proenza Schouler
Designers Jack McCollough and Lazaro Hernandez speak to BoF’s Lauren Sherman about their journey from one-time fashion wunderkinds to seasoned entrepreneurs, navigating a series of ups and downs
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.