US Luxury Spending Slows, Citi Data Shows
US credit card spending on luxury brands fell for a third consecutive month in September, according to data from Citi.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
Paris to Salute Alber Elbaz
This week, everyone will be talking about the close of Paris Fashion Week, including a tribute to the late Alber Elbaz, plus the industry grapples with sustainable growth at the Copenhagen Fashion Summit.
A New Valentino Is Taking Shape
CEO Jacopo Venturini and designer Pierpaolo Piccioli are working to transform the Roman brand from the inside-out, reinvigorating the company’s internal culture as well as its commercial offering.
The Business Vision Behind Balenciaga’s ‘New Era’
From a couture revival to winning the Met Gala, the Kering-owned brand is white-hot. Ahead of its buzzed-about Paris Fashion Week show Saturday, CEO Cedric Charbit speaks to BoF about the strategy behind ‘new era’ Balenciaga and his plan for pushing sales to the next level.
Transforming Luxury Episode 3: How Is Luxury Customer Service Evolving?
Klarna CEO and co-founder Sebastian Siemiatkowski, Farfetch chief brand officer and Browns chair Holli Rogers and Métier founder Melissa Morris discuss how technological innovation is transforming luxury service.
Canada Goose Expands Into Footwear
With the release of a $1,300 winter boot, Canada Goose is looking beyond its puffer jacket hero product.
Decoding Gucci’s Latest Digital Experiment
Tim Blanks talks to Alessandro Michele about Gucci’s new online concept store, Vault, and why the designer plans to stage a ‘surprise’ show despite skipping Milan fashion week.
Luxury’s Fur Calculus: To Ban or Not to Ban?
This week, French luxury conglomerate Kering made a commitment to go entirely fur-free, but the calculus looks different for LVMH, the world’s largest luxury group.
Versace Said to Drop Fendi Collaboration at Secret Second Show
Donnatella Versace teamed up with Silvia Venturini Fendi and Kim Jones on a co-branded line set to be revealed Sunday, sources told BoF.
Vestiaire Collective Hits $1.7 Billion Valuation With New Fundraise
Investors are piling into the fast-growing resale space, with the European platform attracting high-profile backers like SoftBank in its latest funding round.
Transforming Luxury Episode 2: What Defines a Luxury Product Today?
Emmy Award-winner and founder of Black Owned Everything Zerina Akers, CEO of NTWRK Aaron Levant, designer Bethany Williams and crypto artist Fewocious discuss the forces transforming the luxury product mix, from new categories to new responsibilities.
Balenciaga and Fortnite Are a Match Made in the Metaverse
The collaboration spans virtual and physical clothes, as well as a marketing campaign that will appear on billboards in cities like New York and Tokyo, as well as in Fortnite itself.
Who’s In and Who’s Out at Milan Fashion Week
This week, everyone will be talking about Milan Fashion Week, Nike’s earnings and Savage X Fenty’s latest fashion show on Amazon.
THE NEWS IN BRIEF
Frasers Group Steps Up Luxury Push With New Division, Larger Burberry Stake
The British retail group has brought its stakes in Burberry, Hugo Boss and Mulberry together with its luxury retail operations.
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.
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.