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.
LVMH and Tiffany Dismiss Judge’s Suggestion of Talks for Now
The companies instead are preparing for a trial scheduled to begin in January.
Chanel Issues Bond Linked To Climate Targets
The luxury giant raised a $699 million bond with clauses linked to its environmental goals.
Can China Save Travel Retail in 2020?
The decline in international travel has hit duty free retail hard this year, but sales to domestic travellers in China with nowhere else to go are booming in places like Hainan.
Nanushka's Owner Launches New Fashion Group, Buying Milan's Sunnei
Sunnei has been a rare bright spot for independent designers on the Milan scene. The fund that owns Nanushka is buying the brand with help from the Hungarian government, and says it's looking for more brands to invest in next year.
Ralph Lauren to Cut Jobs Amid Accelerated E-Commerce Push
The cuts are expected to be made by the end of its fiscal year, which ends in March, and the company didn’t say how many jobs will be eliminated.
China Luxury Spend Expected to Jump 30 Percent This Year
It’s the only bright spot for the luxury industry, which is otherwise poised to see worldwide spending shrink 45 percent in 2020.
Claudio Antonioli’s Plan for Ann Demeulemeester
In an exclusive interview, the co-founder of New Guards Group and owner of the Antonioli boutique in Milan lays out his plans for the revered Belgian brand.
Simone Rocha Reflects on Her 10th Year in Business
BoF Editor-at-Large Tim Blanks connects with the designer to discuss her Spring/Summer 2021 collection — and how the pandemic changed her creative process.
LVMH vs Tiffany: Deal or No Deal?
The largest acquisition in the history of the luxury goods sector is collapsing, setting up what could be the biggest luxury M&A battle of all time. BoF lays out five possible outcomes.
All Eyes on Prada at Milan Fashion Week
This week, everyone will be talking about the first collection from co-designers Miuccia Prada and Raf Simons, Trump's TikTok ban and a new push to commit brands to improving conditions for garment workers. Get your BoF Professional Cheat Sheet.
Riccardo Tisci’s Burberry Challenge
The designer’s task at Burberry has been to create a strong new identity for the brand. His latest collection, infused by life under the ocean, highlighted just how tricky that challenge is.
LVMH Asks to Delay Tiffany Trial By at Least Six Months
The luxury conglomerate was sued last week for calling off its $16.2 billion acquisition of the American jeweller.
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.