Yui Chen Wins Hyerès Festival’s Top Fashion Prize
The Chinese designer won the grand prize for her airy, sculptural pieces at the 41st edition of the festival, which is undergoing a revamp under new leadership.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
The BoF Podcast: Marc Jacobs Says, ‘I Still Have Stories to Tell’
The American designer chatted with BoF Editor-at-Large Tim Blanks about his last show before quarantine, brick-and-mortar retail and the future of New York fashion.
Op-Ed | Want to Fix the Fashion System? Lower Prices.
If it costs $4,000, few people will buy your coat at full price, regardless of when it’s delivered, argues Eugene Rabkin.
Why Luxury Came to the Rescue
To support the fight against Covid-19, European fashion companies have been doing everything from producing hand sanitiser to building new hospital wings. What’s driving these wartime-like efforts?
Why Luxury Brands Are Raising Prices in a Pandemic
Top-tier brands like Chanel and Louis Vuitton are hiking prices in what looks like a bid to pad margins, cushion the impact of lower sales volumes and capitalise on the China rebound.
Richemont Reports 67% Drop in Annual Profit
Chairman Johann Rupert estimates up to three years of grave economic impact of Covid-19 on the Swiss luxury group.
Vogue and the CFDA Set Up Shop on Amazon
Through the fundraising initiative A Common Thread, 20 independent New York brands will begin selling their collections on the e-commerce marketplace as part of an effort to help struggling designers.
Op-Ed | The Future of Luxury in 4 Trends
The post-virus luxury sector will be shaped by the acceleration of four existing trends, writes Erwan Rambourg.
South Korean Shoppers Go the Distance to Beat Chanel Price Hike
A Chanel representative in Seoul said the firm raised prices in France on Monday, and that prices would increase in all of its markets.
The BoF Podcast: Alber Elbaz Is a ‘Zoombie’ Now
The star designer on the future of young designers and multi-brand retail, life in the Zoom era and launching a company during a pandemic.
Dries Van Noten Proposes Reset to Fashion’s Deliveries and Discounting Calendar
A group of designers and retailers, fronted by the Belgian designer, wants the industry to realign fashion deliveries with real-world seasons and stop early discounting.
Luxury Stores Test the Water in a Paris Devoid of Tourists
Despite rigorous new hygiene routines, its unlikely luxury brands will see store traffic returning to pre-pandemic levels any time soon.
What Makes a Luxury Turnaround Work?
From Bottega Veneta’s aesthetic reinvention to Burberry’s attempts to move upmarket, there are several different genres of brand turnaround strategies, with significantly different probabilities of success.
THE NEWS IN BRIEF
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.
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.