The acquisition is one of Bernard Arnault’s biggest and comes as consumers shift spending toward trips, health clubs, restaurants and entertainment and interest in shopping malls dwindles.
The former chairman and chief executive of the LVMH Fashion Group will join the American accessible luxury fashion brand founded by his new wife, starting in early 2019.
The Chinese government is finally ready to crack down on the country’s black and grey luxury market and better regulate its booming e-commerce sector.
The Savigny Luxury Index dropped below its starting point for 2018, as lingering China-US trade tensions weighed on the sector's recent recovery.
European luxury stocks drop due to potential sales and profit downgrades triggered by high-spending consumers in the Middle East, China and Japan.
This week on the BoF Podcast, Imran Amed and McKinsey & Co.'s Achim Berg unpack the key themes from The State of Fashion 2019.
PVH gave Simons the keys to the kingdom. Now the relationship is crumbling.
Brands are giving the masses the illusion that they are consuming luxury, when in reality they are doing nothing of the sort, argues Eugene Rabkin.
A Chinese consortium is acquiring the Finish group Amer Sports Oyj to tap into the Chinese luxury specialised sportswear market.
While competitors were busy snapping up farms and tanneries, the French luxury house failed to secure its exotics supply chain, giving it diminished access to top quality materials.
PVH gave Simons the keys to the kingdom. Now the relationship is crumbling.
Watch our members-only discussion to find out the key takeaways from The State of Fashion 2019 report.
The Italian label has continued to enjoy solid growth in China, defying a wider downturn in demand for European luxury. The June 11 presentation of its summer collection will be the latest in a series of travelling shows.
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.
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.
The French leather goods powerhouse reported no sales growth in Asia-Pacific excluding Japan, its biggest market, last quarter.
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.
The Indian brand will hold a special event at the Florence show.
The Lii designer took home the top award after winning the Karl Lagerfeld prize at the LVMH Prize earlier this year.
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.