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.
Richemont Shakes Up Governance Structure As Jewellery Sales Surge
The Swiss luxury group’s overall revenue rose 22 percent in the quarter compared to pre-pandemic levels, with sales in the key jewellery category jumping 43 percent.
Resale Sites Race to Staff Up in the Fight Against Fakes
Companies like The RealReal, StockX, Goat, Rebag and eBay are hiring more authentication experts to weed out counterfeit products. Finding enough qualified candidates is a struggle.
Lagerfeld-Era Image Director Éric Pfrunder Has Left Chanel
In a bid for continuity after the death of Karl Lagerfeld, Pfrunder was appointed artistic director for fashion image alongside Virginie Viard, who was named artistic director for fashion collections.
Phoebe Philo Is Launching Her Own Brand, Backed by LVMH
BoF has learned that the former creative director of Celine is returning to fashion with an eponymous label and minority investment from the world’s largest luxury group.
Selfridges’ Andrew Keith on Post-Pandemic Retail
The managing director of Selfridges discusses the future of the British department store at The BoF Professional Summit: What’s a Store For?
Can Balenciaga Modernise Couture?
Reviving Balenciaga’s haute couture operation has been a transformative experience for Demna Gvasalia, resulting in a democratic, gender-fluid collection that includes jeans and t-shirts. The designer sits down with Tim Blanks for an in-depth interview on the label’s ‘50th couture collection.’
Daniel Roseberry’s Schiaparelli Has Landed
The American designer has established himself as haute couture’s crown prince of extravagant, unabashed eccentricity, winning over the likes of Cardi B, Lady Gaga and Beyoncé.
Balenciaga Headlines a Buzzy Couture Week
This week, everyone will be talking about Pieter Mulier’s Alaïa debut and Demna Gvasalia’s first Balenciaga couture collection, plus the industry’s worsening shipping woes.
The Future of Watches and Jewellery: Adapting to Rapid Change
The inaugural edition of The State of Fashion: Watches and Jewellery Report by The Business of Fashion and McKinsey & Company forecasts a shake-up in priorities for hard luxury as well as different recovery scenarios across geographies and consumer segments.
Ludovic de Saint Sernin: ‘My Queer Community Saved My Business’
How the small but growing fashion label Ludovic de Saint Sernin, powered by its designer’s own sexual awakening and once-taboo gay imagery, survived the pandemic with a little help from its Instagram community.
Richemont’s New Brand Is a Long-Term Play
The conglomerate has acquired Delvaux, a 200-year-old handbag brand that has seen rising sales in recent years. But the deal doesn’t help Richemont close the soft luxury gap with rivals Kering and LVMH.
BoF LIVE: Olivier Rousteing on a Decade at Balmain
The Balmain creative director speaks to Tim Blanks about making a documentary on the search for his birth parents and the power of his “Balmain Army” of influencers.
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.