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.
Peter Do Says ‘No’ to the Industry Playbook
The creative director and co-founder of his namesake label is prioritising creative freedom and profitability over growth, and still not showing at New York Fashion Week.
Amazon Launches Luxury Store on App
Oscar de la Renta is the first and only brand so far, though the company says more are expected to join in the coming weeks.
Fashion Week Can’t Be Just Another Online Video Festival
One thing’s for sure, appointments and digital videos do not a fashion week make. But for now, let’s make the most of it and reconnect as a community, writes Imran Amed.
Life Without LVMH? How Tiffany Might Fare Without the Luxury Giant
Long-term, there are questions about the jeweller’s prospects in a prolonged economic downturn, particularly if governments raise taxes and property prices plummet.
Prada Says China Sales To Date Well Above 2019 Levels
The luxury label's recovery in China has accelerated since March, with sales growth of more than 60 percent in following months.
LVMH and Nicholas Kirkwood to Part Ways
The split is due to be completed by the end of the year, LVMH said in a statement.
LVMH Plans to Sue Tiffany
The two luxury giants are at legal loggerheads after a $16 billion takeover deal fell apart.
Burberry Plans Ethical Luxury Investment
The planned bond sale comes as the UK company starts to get over the worst effects of the coronavirus crisis.
LVMH Is Calling Off Its Tiffany Mega-Deal. What Now?
Tiffany is suing the luxury giant, which said it won't close what was meant to be luxury's biggest-ever acquisition after French government intervention. But it’s possible the parties will find a new agreement next year, or that another suitor emerges.
LVMH Is Trusting Kim Jones to Define Fendi's Post-Karl Look
The British designer is following in the footsteps of fashion multi-tasker Karl Lagerfeld, becoming artistic director for womenswear at Rome-based Fendi while keeping his job as designer of Dior Homme.
The Key Metrics Fashion CEOs Are Watching Now
What you measure is what you get. In a highly unpredictable post-Covid fashion market, business leaders need the right metrics to track the strength of their brands and make informed decisions quickly, mobilise teams and craft a narrative for investors.
Kering-Owned Swiss Watch Brands Cut Staff by 25%
Patrick Pruniaux, CEO of Swiss watch brands Ulysse Nardin and Girard Perregaux, said the economic fallout of Covid-19 will have a knock-on effect on the industry over the next several years.
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.