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.
The BoF Podcast: Rick Owens on Why Fashion Shows Aren’t Going Away
The American designer talks to BoF Editor-at-Large Tim Blanks about the future of the industry, sustainability and runway shows.
Selling $800 Party Shoes During a Pandemic
Amina Muaddi’s glitzy heels have continued to sell out, even though lockdowns mean shoppers have few places to wear them. Why?
Valentino Sues New York Flagship Landlord
The luxury brand filed a complaint stating that the location was irreparably damaged, and no longer feasible for the company.
How Luxury Brands Sell 'Exclusive' Goods by the Millions
Successful modern luxury brands deploy a number of powerful strategies to achieve the perception of exclusivity while moving millions of units. Here’s how it works.
Gucci Hikes Handbag Prices to Curb Coronavirus Hit
A report by Jefferies analysts found price increases between 5 percent and 9 percent for the $2,290 Dionysus and $2,980 Zumi bags in Italy, Britain and China.
Amazon and Valentino File Joint Lawsuit Over Counterfeit Shoes
The move is Amazon's first joint litigation with a luxury fashion brand and Valentino's first with an online retailer.
From Savile Row to Swiss Watches, Luxury's Rules Have Changed
After months of lockdown, sales of luxury goods are estimated to fall as much as 35 percent this year.
Chanel Sees Trouble Through 2021: What Happens Now?
The French megabrand blew past $12 billion in sales in 2019, but it's not immune to the devastating financial effects of the coronavirus pandemic and expects to see significant contraction well into next year.
Emma Watson Joins Kering Board
The British actress will join the luxury group's sustainability committee.
The BoF Podcast: Anna Sui Says, ‘You Can Define an Era By the Clothes’
The American designer speaks to BoF's Editor-at-Large Tim Blanks about how fashion mirrors politics.
As Sies Marjan Closes, What Is to Blame? The Pandemic or the Fashion System?
The five-year old label, backed by billionaire Nancy Marks, is shutting its doors due to the ramifications of Covid-19. But independent fashion brands were hurting long before the lockdowns.
The Logic Behind Givenchy's New Designer Appointment
Matthew M. Williams, founder of the luxury streetwear-inspired label 1017 ALYX 9SM, succeeds Clare Waight Keller. What expertise does he bring to the LVMH-owned brand?
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.