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.
Cucinelli Plans Store Expansions
Even as other luxury brands hesitate to predict business trends amid the uncertainties of the pandemic, Cucinelli is sticking with its 10-year growth projections for 2019-2028, with sales seen doubling in the period.
Tiffany & Co. Reports Better Than Expected Quarterly Profit
The luxury jeweller said worldwide sales in August so far were slightly positive from a year earlier, as the rebound in second-quarter sales in China extended into the current quarter.
Richemont Chairman Warns Company Must Be Cautious With Cash
Johann Rupert said the pandemic hit the watch and jewellery maker's cash flow, making it necessary to halve its dividend to 1 Swiss franc per share.
LVMH and Tiffany Push Back Deal Deadline
The French luxury goods giant and US jewellery chain will give themselves another three months to complete their $16.2 billion tie-up.
Luxury Events Are Back. Is the Industry Ready?
This week, everyone will be talking about the first Swiss watch fair since the pandemic, a slew of American retail earnings and China's Qixi festival. Get your BoF Professional Cheat Sheet.
The BoF Podcast: Jerry Lorenzo Says, ‘I Know What I’m Fighting For’
The Fear of God designer talks American luxury and why feeling like an outsider is a strength.
Will Covid-19 Change Fashion Shows Forever?
After the cancellation of this season’s traditional men’s fashion week in Paris, Virgil Abloh’s recent Louis Vuitton outing in Shanghai offered a savvy template for how to stage a fashion show in a world reshaped by globalisation, the internet and coronavirus. What does it mean for fashion week?
How to Connect With the Luxury Consumer Post-Pandemic
BoF sits down with Quintessentially’s Group Chief Executive Annastasia Seebohm to hear how luxury expenditure has evolved, and to discover how brands should innovate their consumer engagement strategies to gain competitive advantage in our new reality.
Richemont to Ask Shareholders for Conditional Share Capital Increase
The Cartier-owner seeks to preserve cash during the pandemic having already halved its dividend.
Trouble Brewing for America’s Luxury Sector
Covid-19 has exacerbated pre-existing weaknesses for America’s big luxury players, while US President Donald Trump’s gross mismanagement of the pandemic is only deepening the damage.
Capri Quarterly Results Top Analysts' Estimates
The Michael Kors owner saw its total revenue drop 66.5 percent to $451 million in the first quarter, beating analysts expectations.
The BoF Podcast: Michael Kors on Why He Left Fashion Week
The American designer has streamlined his collections to just two per year.
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.