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.
Steven Ma: The New London Leather Goods Brand Fashion Insiders Are Betting On
The 28-year old designer secured top model Chu Wong and art direction by Ellie Grace Cumming for his first campaign. London’s Machine-A will be the first store to offer the brand.
LVMH’s Kenzo Names Nigo as Its New Designer
The Japanese designer who founded A Bathing Ape will be the label’s new artistic director. The brand also tapped a new CEO from French intimates brand Undiz.
Redefining Relevance at the Met Gala
Fashion’s most exclusive party returned with a smaller and younger guest list, an anything-goes interpretation of the American fashion theme and an official meme correspondent.
Transforming Luxury Episode 1: How Did 2020 Impact Luxury?
Critic Robin Givhan, analyst Luca Solca, author Dana Thomas and Métier founder Melissa Morris discuss how luxury became a winners-take-all market and how growing consumer scrutiny is driving change.
Can America’s Fashion Giants Get Their Mojo Back?
Accessible luxury brands like Coach and Michael Kors radically changed their approach to everything from logos to discounting to regain their old cachet with consumers. It’s working, but for how long?
Valentino Flags Couture Ambitions, Recovery From Coronavirus Slump
In his first press conference since joining the brand, chief executive Jacopo Venturini said a new merchandising strategy and upmarket repositioning have helped sales get almost back to 2019 levels.
Transforming Luxury: A New BoF Podcast Series
Over a special six-part series, BoF speaks to 22 pioneering thinkers from the worlds of business, technology and luxury, creative leaders and renowned ecologists, to investigate the forces driving transformative change in the $300 billion luxury goods market.
New Taxes on China’s Rich Would Be Bad News for Luxury, But How Bad?
Luca Solca gauges the risk to the luxury goods sector of brewing Chinese government plans to redistribute wealth.
The Return of New York Fashion Week
This week, everyone will be talking about New York Fashion Week, the industry’s uncertain autumn and the end of US pandemic benefits.
With Ann Demeulemeester’s Involvement, Revamp Takes Shape
The brand’s founder will not return to designing clothes, but she will work on special projects, such as creating its first perfume. Demeulemeester and new owner Claudio Antonioli spoke to BoF about their plans as they reopen the label’s Antwerp flagship.
Camille Miceli Named Artistic Director of Pucci
Camille Miceli, a former Marc Jacobs protegé and accessories director at Louis Vuitton since 2014, has been named artistic director at Florence-based Emilio Pucci, parent company LVMH said Wednesday.
BoF Live: How Gen-Z Buys Luxury
Join us for a panel discussion with industry experts on the consumption habits of Generation-Z and the opportunities and challenges for luxury brands.
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.