Mike Ashley’s Frasers Boosts Position in Burberry
Frasers Group Plc now possesses over 7 percent of the British label’s voting rights, placing it on track to be the brand’s biggest investor.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
Ferragamo Family Explores Selling Minority Stake of Business
The company's chairman Ferruccio Ferragamo approached investors in September offering a roughly 20 percent stake in the holding vehicle that controls the Milan-listed business, according to sources.
Bulgari to Focus on Local Customers as Covid Wipes Out Tourism
The LVMH-owned jeweller is especially focusing on China, where domestic consumers are seeking retail therapy as the pandemic continues to curb international travel.
The Future of Handbags
In luxury’s biggest and most profitable category, the path to success is narrower than before. Which styles are selling and why?
The Other Fashion Month
This autumn, labels from Michael Kors to Comme des Garçons to Raf Simons are presenting collections in October in what’s shaping up to be something like a second fashion month. Will it stick post-pandemic?
What a ‘K-Shaped Recovery’ Means for Luxury Fashion
This week, everyone will be talking about luxury brands' latest sales results, Raf Simons' first womenswear collection and the return of Brexit. Get your BoF Professional Cheat Sheet.
How Did LVMH Fashion Get Back to Double-Digit Growth Already?
The answer has a lot to do with Louis Vuitton, Dior and the Chinese market. BoF breaks down the key factors behind the rebound.
Tiffany Says October Sales Strong as Legal Battle With LVMH Drags on
The jeweller said its sales in Mainland China were 'extremely strong' and its business was recovering in the United States.
Luxury’s Daigou Economy, Explained
For years, ‘daigou’ shopping agents exploited lower prices in markets like South Korea to provide Mainland Chinese with billions of dollars in discounted luxury goods. Now, the ‘daigou’ grey market is coming under pressure, write Luca Solca and Melinda Hu.
LVMH To Win EU Antitrust Approval for Tiffany Deal
The EU decision comes amid an ongoing legal battle between LVMH and Tiffany.
Should Luxury Build Resale Into Its Business Model?
This week, Gucci launched a partnership with The RealReal, betting that the rewards of engaging with the second-hand market outweigh the risks.
How Young Designers in Paris Are Beating the Pandemic So Far
Fragile but focused, creative labels like Marine Serre, Y/Project and Ludovic de Saint Sernin are navigating rocky waters by engaging their communities and rethinking their role in fashion's ‘system’. Is it enough to make it through a make-or-break season?
The BoF Podcast: Kenneth Cole on Why Mental Health Is the Other Big Pandemic
The American designer talks about his efforts to destigmatise mental health issues and the importance of improving emotional wellbeing in the fashion industry.
THE NEWS IN BRIEF
Zankov Appoints Its First CEO
Jack Tobin is joining Diane von Furstenberg artistic director Henry Zankov’s namesake label as CEO and part owner.
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.