Chanel Extends Revamp as Fashion Head Pavlovsky Exits Board
The move follows CFO Philippe Blondiaux’s decision to retire at the end of this year after more than 15 years at Chanel.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
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.
Tiffany Shares Plunge After LVMH Deal Is Questioned
Women’s Wear Daily reported LVMH’s deal to buy the luxury jewellery company is uncertain as the US economy faces widespread upheaval.
The BoF Podcast: Scott Galloway on Breaking Up Big Luxury
The bestselling author and business professor offers his insight into the challenging market and M&A landscape that industry players of all sizes have to navigate.
Op-Ed | Luxury Fashion’s Link to the Illegal Wildlife Trade
A recently released study reveals that, between 2003 and 2013, the United States Fish and Wildlife Service seized thousands of products made by Gucci, Michael Kors and others. As the fashion industry scrambles to reinvent itself during the Covid-19 pandemic, it must not forget animals, writes Joshua Katcher.
Prada Said Sales Up More Than 10% in China
Co-Chief Executive officer Patrizio Bertelli told Bloomberg he has no plans to delist the company.
THE NEWS IN BRIEF
Botswana Said to Near Agreement on Size of Its De Beers Stake
Ongoing talks between the nation’s government and Global Diamond Consortium are likely to see Botswana boost its stake in De Beers by 10 percent.
Rolex and Gold Were for US and Not Trump, Swiss Trade Chief Says
The goods delivered last November by a business delegation seeking relief from Trump’s onerous tariffs became a matter of national controversy in Switzerland.
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.
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.