Hublot Taps Ex-Audemars Piguet Chief François-Henri Bennahmias as Consultant
The move, which was facilitated by Jean Arnault, comes as Hublot undergoes a repositioning in a bid to reignite sales.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
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.
Ralph Lauren Posts Worse-Than-Expected Quarterly Loss
The American luxury brand has been hit hard by the economic fallout of Covid-19, with net revenue declining 15.4 percent to $1.27 billion in the fourth quarter.
#BoFLIVE: The Fate of Luxury Retail
Catch up on the #BoFLIVE conversation on what's next for luxury retail as multi-brand retailers face increasing challenges during this time of uncertainty.
Why Gucci’s Alessandro Michele Is Shaking Up the Fashion Calendar
Michele said that the defined seasons that have conventionally enslaved the fashion industry will be less meaningful to him in the future, writes Tim Blanks.
Winners Take All: How LVMH and Kering Will Extend Their Supremacy Post-Pandemic
The family-controlled French giants are well positioned to further dominate the luxury fashion sector. But neither can afford to ignore the threat of disruption.
Gucci Just Left the Fashion Calendar Behind. Who Will Follow?
This week, everyone will be talking about Gucci's move to a seasonless schedule, Memorial Day sales — or lack thereof — how beauty retailers will reopen stores and luxury's bet on resort dressing. Get your BoF Professional Cheat Sheet.
Gucci to Go Seasonless, Show Twice Per Year
The Kering-owned Italian megabrand joins stablemate Saint Laurent in breaking with the conventional fashion calendar.
Burberry's Sales Fall 27% in Last Quarter
The luxury house pulled its final dividend as full-year revenue dipped 3 percent to £2.63 billion ($3.21 billion).
The BFC and CFDA Join Forces in a Call for Industry Change
A statement released by the British and American trade groups appears to back many of the suggestions put forth by designers and executives to fix what they believe is a broken system.
#BoFLIVE: Taking Stock of the M&A Market
What does the economic fallout of Covid-19 mean for acquisition targets and buyers in the year ahead?
THE NEWS IN BRIEF
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.
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.