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 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?
Asia’s Recovery Roadmap for Luxury
As demand in western markets lags behind, Asian shoppers hold more power than ever over luxury brands' bottom lines. From China to Japan and Singapore to South Korea, here’s where demand is roaring — and where it’s reeling.
Tiffany Amends Debt Agreements Amid LVMH Deal, Declining Sales
Sales fell 44 percent as the coronavirus outbreak gutted demand for its luxury jewellery.
Why Chanel Doesn’t Want to Change the Fashion System
The French luxury titan is doubling down on six shows per year and the Cruise extravaganzas pioneered by Karl Lagerfeld. Chanel’s Bruno Pavlovsky lays out the logic to Tim Blanks.
The One Luxury E-Commerce Player That’s Consistently Made Money
How has Mytheresa made online luxury profitable when competitors have struggled? CEO and President Michael Kliger reveals the secrets to the company’s success.
With America in Chaos, Will LVMH’s Tiffany Acquisition Go Ahead as Planned?
Analysts and media speculated last week that the conglomerate has cold feet about buying an American company in the middle of the crisis. In the end, the partnership still makes sense.
Diamond Miners Stuck With Inventory Worth Billions
The five biggest producers are estimated to be sitting on excess stock worth about $3.5 billion, which could increase to $4.5 billion — or about one-third of annual rough-diamond production — by the end of the year.
LVMH Won't Renegotiate Tiffany Deal, Sources Say
LVMH Chief Executive Bernard Arnault was reportedly in talks with his advisers this week to identify ways to pressure Tiffany to lower the agreed price of $135-per-share.
Luxury’s Inequality Problem
The anti-racism protests that have swept the United States are inextricably linked to socio-economic class and rising inequality. Are luxury brands listening?
LVMH Says It Is Not Considering Buying Tiffany Shares on the Market
Buying the shares on the market would be one way of buying the jeweller at a lower price than the $16.2 billion agreed in last year's acquisition deal.
Report: LVMH's Bernard Arnault Seeks Better Tiffany Deal
The $16.2 billion acquisition has yet to close, and sources said the luxury giant is looking to lower the purchase price.
The Future of 'Made in Italy'
The pandemic could permanently change how the country's fashion industry operates, for better or for worse.
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.