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.
Alexis Bittar’s Plans to Rebuild His Brand
Five years after the jewellery designer sold his label to Brooks Brothers, he’s back in control and making a return to the industry.
Michael Kors’ New CEO Joshua Schulman Joins the Brand at a Critical Time
The former Coach chief is tasked with speeding the transformation of Capri Holdings’ largest brand into a true luxury player before taking the helm of the entire group next year.
New York Shoppers Shun Madison Avenue as Swanky Boutiques Depart
Foot traffic on the stretch of Madison from 57th to 72nd streets is lagging behind Upper Fifth Avenue and Soho.
Balmain’s Olivier Rousteing on Authentic Representation
The designer speaks with Tim Blanks about his journey to find his birth parents and the power of breaking boundaries in fashion.
What’s Next for Farfetch in China?
This week, everyone will be talking about Farfetch’s earnings plus new beauty retail concepts from Sephora and Ulta.
Online Watch Marketplace Chrono24 Surpasses $1 Billion Valuation In New Funding Round
The company raised more than €100 million, attracting investment from LVMH chief executive Bernard Arnault’s family office.
Will Luxury Brands Start Accepting Crypto?
Philipp Plein is going for it, and some of the industry’s biggest brands have considered accepting Bitcoin, Ethereum and other blockchain-based payments. But the risks might still outweigh the benefits for more established players.
Fashion Is Learning to Live With Covid-19
New variants and uneven uptake and access to vaccines mean the industry must adapt to uncertainty as a new normal.
Amiri Takes on the Luxury Establishment
Boosted by its recent growth and a minority investment from Renzo Rosso’s OTB, Mike Amiri’s namesake luxury label is scaling on his own terms.
Can Fashion Start-Ups Cash In on the Tennis Boom?
For a new wave of tennis-inflected fashion start-ups, success may depend on balancing the energy of the sport’s increasingly inclusive present with the allure of its exclusive past.
Luxury’s Post-Pandemic Recoveries, Ranked
This week, European luxury’s biggest groups reported banner second quarter results. But some players are bouncing back much faster than others, revealing a market transformed by Covid-19.
Marni’s Francesco Risso on Fashion After Isolation
Marni’s creative director reflects on the changes that must endure post-pandemic and the importance of emotion.
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.