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.
Armani Returned to Sales Growth in 2019
While the results put the Italian group a year ahead of target amid a three-year streamlining turnaround, the company said it could not yet accurately estimate the full effects of Covid-19 on the business.
BoF LIVE: The Future of the Resale Market
Many resale platforms saw a rebound after the initial shock of the coronavirus outbreak — but can they sustain the momentum?
Bulgari CEO Expects to Recover Lost Sales Within Two Years
The LVMH-owned luxury jewellery company is betting on a recovery in consumer demand, especially in countries like China which has seen an uptick in domestic spending.
Why Dior's CEO Is Pushing Couture in a Pandemic
With a miniature collection, the house of Christian Dior literally scales back its presence at Paris Haute Couture Week. But don’t be fooled: Pietro Beccari speaks exclusively to BoF on how the brand is keeping its foot on the accelerator after a steep jump in sales last year.
The BoF Podcast: Giles Deacon on Carving Out His Own Fashion Calendar
The designer speaks with BoF's Imran Amed about the importance of creative autonomy in a time of 'product for more product’s sake.'
Prada Sales in Asia See Double-Digit Jump
Chief Executive Patrizio Bertelli is confident the trend will continue in the coming months.
Prada Scion Lorenzo Bertelli’s First Interview
The son of Miuccia Prada and Patrizio Bertelli talks to BoF’s Imran Amed about joining the family business and his vision for the future of the company.
Capri Forecasts 70% Fall in Current-Quarter Revenue
The Michael Kors owner said the COVID-19 pandemic has hammered demand for its handbags and dresses.
Trouble Lies Ahead for LVMH
The luxury conglomerate's second-quarter earnings are expected to take a hit, warned Chairman Bernard Arnault.
How the Rich Are Shopping Right Now
A focus group of US shoppers from New York to Dallas reveals what the wealthy are prioritising.
Telfar Clemens, Tommy Hilfiger and the State of American Fashion
BoF brings you a conversation between the designers Telfar Clemens and Tommy Hilfiger on the rise of their respective labels and the state of American fashion past and present, courtesy of System magazine.
What’s Next for Retail and Luxury?
From M&A to e-commerce, analysts share the key areas brands must consider in order to navigate the economic fallout of the pandemic.
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.