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.
Dover Street Market Aims to Reinvent Retail (Again)
Comme des Garçons’ chain of luxury bazaars reimagined multi-brand retail. Now, CEO Adrian Joffe is aiming to do it again with radical events platform 3537.
Tom Ford: ‘I Believe in Fashion, Absolutely’
Tim Blanks sits down with the American designer to discuss creativity and cancel culture, fashion and mortality, the future of the Tom Ford brand and his new book, courtesy of ES Magazine.
How a Farfetch-Richemont Deal Would Shape the Future of Luxury Online
This week, everyone will be talking about a possible partnership between Richemont and Farfetch, Prada’s Capital Markets Day and the arrival of products from Balenciaga and Gucci’s ‘Hacker Project.’
Richemont in ‘Advanced Talks’ With Farfetch on YNAP Spin-Out
The Cartier owner has been looking for options to turn around or deconsolidate the loss-making e-commerce division.
Burberry Struggles to Convince on Growth
The British brand is still lagging luxury rivals as outgoing chief executive Marco Gobbetti prepares to handover responsibility for its years-long turnaround to current Versace chief Jonathan Akeroyd.
Richemont Under Pressure
Cartier’s sales are booming, but its Swiss owner faces mounting pressure to clean house. Activist shareholders are likely to put governance issues and steep losses at YNAP into the spotlight.
How 2021 Reshaped the Luxury Market
Bain’s annual market study shows an uneven recovery with new brands, regions and distribution channels taking the lead. Some of these shifts are likely to stick.
Platon, Law Roach, Indya Moore and Vivian Hunt to Speak at VOICES 2021
They join an exciting and inspirational group of speakers at BoF’s Annual Gathering for Big Thinkers to be held from Dec. 1 to 3, 2021. Reserve your spot to join the livestream today.
Daniel Lee Exits Bottega Veneta, Leaving Few Clues For What’s Next
The British designer reinvigorated sales at the Kering-owned house.
Which Luxury Leadership Configuration Works Best?
In luxury fashion, the right configuration of creative and commercial leadership is critical to success, writes Pierre Mallevays.
Report: Activist Investor Third Point Builds Stake in Richemont
Activist hedge fund Third Point has built a stake in Richemont, media reported on Sunday, a development likely to put the luxury goods group’s capital structure and underperforming online businesses in the spotlight.
Inside Neiman Marcus’ Post-Bankruptcy Playbook
The luxury department store company plans to win shoppers with redesigned stores, faster shipping and digitised personal shopping.
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.