Audemars Piguet to Certify Its Pre-Owned Watches Following Rolex
Whereas Rolex is both a buyer and seller of its second-hand watches through official retail partners, Audemars is setting up a marketplace where sellers set prices.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
Karl Lagerfeld’s Greatest Legacy Is a Business Model
The master designer transformed a dusty French label into a multi-billion-dollar global luxury powerhouse, creating the template that has been adopted with astounding success across the fashion industry. But the formula needs an update.
Will the ‘Frieze Effect’ Work in LA?
Fashion brands and retailers profit handsomely from the Frieze Art Fair in London and New York. BoF goes inside the event’s Los Angeles debut.
Fashion Prepares for Brexit Disaster
Thursday's debate left Britain in Brexit gridlock. While no deal may yet be averted, fashion giants from Kering to Burberry have started planning for worst-case scenarios.
Prada Mounts Diversity Council as Brands Face Blackface Backlash
African-American artists Theaster Gates and Ava DuVernay will chair a group created to 'elevate voices of colour' and advise on diversity issues.
Will France's New Luxury Strategy Help Sell More Louis Vuitton Bags?
At a time when Vuitton, Hermès and Chanel are expanding their production capacity to keep up with growing demand for ‘made in France’ luxury goods, a new government roadmap could give the sector a boost.
India’s Fashion Business Billionaires Offer Clues to Cracking the Market
At least 20 percent of India’s billionaires can thank the fashion business for part of their fortunes. Global brands have lots to learn.
Capri Holdings Climbs After Raising Revenue Forecast
Revenue will be about $5.22 billion, up from a previous outlook for $5.13 billion, for the owner of Jimmy Choo, Michael Kors and Versace.
American Fashion Is Kicking Its Off-Price Habit. Will it Pay Off?
This week, everyone will be talking about financial results from the American fashion giants behind Ralph Lauren, Coach and Michael Kors, the relatively buzz-less New York Fashion Week and the latest milestone in Saks Fifth Avenue's $250 million renovation of its flagship. Read our BoF Professional Cheat Sheet.
$50 for a Rimowa Look-a-Like: Innovation or Infringement?
A new wave of platforms are using low prices, minimalist storefronts and, allegedly, the manufacturers of genuine luxury goods to sell unbranded products to China’s value-hungry consumers.
Luxury Stocks May yet Lose Lustre Despite China's Taste for Vuitton
LVMH's reassuring fourth-quarter performance and outlook temporarily assuaged fears that demand in China is stalling and lifted shares at European luxury peers on Wednesday.
Tod's Owner Della Valle Buys Further One Percent in Group
The move follows the purchase of a similar 1 percent stake last week when the stock was hit by the weak 2018 sales figures.
LVMH Eases Fears of a Luxury Slowdown in China
LVMH posted a 9 percent rise in fourth-quarter comparable sales, in line with forecasts, despite concerns over a slowdown in China.
THE NEWS IN BRIEF
Kering Drops 12% as Luxury Braces for Tough Winter
The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war in the Middle East, along with China’s tax crackdown on the wealthy, piled further pressure on the world’s biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.
Hermès Sales Miss Estimates as Chinese Shoppers Curb Spending
The French leather goods powerhouse reported no sales growth in Asia-Pacific excluding Japan, its biggest market, last quarter.
Moncler Reports Flat Q3 Revenue on Weak Tourist Spending in Europe
Performance was weighed down by the core Moncler brand, known for its puffer jackets, which posted a 1 percent decline in revenue during the quarter.
Kartik Research Named Guest Designer for Pitti Uomo in January
The Indian brand will hold a special event at the Florence show.
Zane Li Wins 2026 CFDA/Vogue Fashion Fund
The Lii designer took home the top award after winning the Karl Lagerfeld prize at the LVMH Prize earlier this year.
Swiss Watch Exports Rise for Fifth Month on US, Europe Demand
Total shipments rose 2.7 percent to $23.6 billion in the first nine months of the year, the Federation of the Swiss Watch Industry said Tuesday.
EssilorLuxottica Sales Lifted by Traditional Frames, Lenses
Revenue rose 7.2 percent, beating analysts' estimates.