Zankov Appoints Its First CEO
Jack Tobin is joining Diane von Furstenberg artistic director Henry Zankov’s namesake label as CEO and part owner.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
What the Farfetch-Alibaba-Richemont Mega-Deal Means for Luxury E-Commerce
Farfetch has raised $1.15 billion from three of the industry’s biggest players. Cartier- and YNAP-owner Richemont says the luxury sector needs a neutral, shared online platform. Will the deal lead to further consolidation in online luxury?
Denmark to Cull Mink Population After Virus Fears
The industry association for Danish mink breeders said the government's decision amounted to a death knell for the country's pelt industry.
The BoF Podcast: Gareth Pugh on Returning to Fashion in Extraordinary Times
The British designer tells Tim Blanks about his latest creative endeavour, a documentary about creating his first collection in two years.
EssilorLuxottica Sales Recover As Second Virus Wave Looms
The maker of Oakley and Ray-Ban showed signs of recovery. But a second coronavirus wave threatens another heavy blow to results.
French Investor Eurazeo Sells Farfetch Stake
Eurazeo, which has been an investor in the luxury retailer since 2016, raised 90 million euros through the sale.
Op-Ed | America’s Luxury Market Will Prosper Whoever Wins the Election
Luxury’s long-term growth potential in the US will remain strong regardless of which party wins Tuesday’s election, argues Erwan Rambourg.
#BoFLIVE: Phillip Lim and Prabal Gurung on How to Navigate the Pandemic as an Independent Brand
Independent businesses need to reconsider their five- and ten-year plans, the designers told BoF Founder and Editor-in-Chief Imran Amed.
Swarovski Shareholders Approve 6,000 Job Cuts
Chief Executive Robert Buchbauer plans to shrink the lower-margin mass-market business and focus on more expensive jewellery.
The BoF Podcast: Dries Van Noten on Making Retail Meaningful in the Pandemic
BoF Editor-at-Large Tim Blanks speaks with the Belgian designer about his new community-centred art hub and why the clothing store could do with a makeover.
Ralph Lauren Misses Revenue Estimates
The luxury apparel retailer's quarterly net revenue fell 30 percent to $1.19 billion.
How the LVMH & Tiffany Deal Will Reshape Luxury
The agreement, which knocks a modest $400 million off the original $16.2 billion price tag, ends weeks of corporate fighting and puts the French group in a position to be a dominant force in jewellery.
Can ‘New Bottega’ Balance Hype, Heritage and Rapid Growth?
Amid surging sales, Bottega Veneta needs to keep up the momentum without losing its discreet charm. CEO Bartolomeo Rongone talks exclusively to BoF about the reinvention of the Italian heritage brand and where it’s headed from here.
THE NEWS IN BRIEF
LVMH, Kering Update Model Safety Guidelines
Nearly a decade since the luxury groups first published a charter of model protections, they are introducing new measures to protect those working in the industry.
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.
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.