Chanel Sales Up 16% in First Half
Chanel’s sales are accelerating after returning to growth last year, Bloomberg reported citing an unnamed source. Beauty sales rose 8 percent.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
Swiss Offer Trump Sweetener on Gold to Get Better Tariff Deal
Switzerland has offered to invest in the US gold-refining industry, as part of its efforts to persuade the Trump administration to lower the 39 percent import tariff imposed last month.
Swiss Offer Trump Sweetener on Gold to Get Better Tariff Deal
Switzerland has offered to invest in the US gold-refining industry, as part of its efforts to persuade the Trump administration to lower the 39 percent import tariff imposed last month.
Silvia Venturini Fendi Steps Down as Creative Director
The designer will become honorary president of the Roman fur and leather goods house, said owner LVMH. A new creative configuration will be announced in ‘due time.’
Silvia Venturini Fendi Steps Down as Creative Director
The designer will become honorary president of the Roman fur and leather goods house, said owner LVMH. A new creative configuration will be announced in ‘due time.’
Fashion’s Age of Uncertainty
Key business leaders had little to be optimistic about this week in Milan, though strong debuts at Gucci and Jil Sander delivered the creative energy the industry is banking on to help power a turnaround, writes Imran Amed.
Fashion’s Age of Uncertainty
Key business leaders had little to be optimistic about this week in Milan, though strong debuts at Gucci and Jil Sander delivered the creative energy the industry is banking on to help power a turnaround, writes Imran Amed.
Pinault’s Family Office to Cut Debt as Fortune Wanes
The family will also shun large deals as its investment firm, Artemis, has seen debt soar roughly 40 percent to roughly $8.3 million, Bloomberg reported.
Pinault’s Family Office to Cut Debt as Fortune Wanes
The family will also shun large deals as its investment firm, Artemis, has seen debt soar roughly 40 percent to roughly $8.3 million, Bloomberg reported.
What Is Armani Group Worth? It’s Complicated
Giorgio Armani’s will stipulated that 15 percent of the company he founded must be sold by early 2027, but putting a price tag on the group is an inexact science.
What Is Armani Group Worth? It’s Complicated
Giorgio Armani’s will stipulated that 15 percent of the company he founded must be sold by early 2027, but putting a price tag on the group is an inexact science.
Why Can’t the Art World Make E-Commerce Work?
Digital sales will never rule the art market’s upper tier, but there’s still scope for selling art merch, multiples and five-figure emerging artists online, argues Marc Spiegler.
Why Can’t the Art World Make E-Commerce Work?
Digital sales will never rule the art market’s upper tier, but there’s still scope for selling art merch, multiples and five-figure emerging artists online, argues Marc Spiegler.
Brunello Cucinelli Shares Fall 15% After Alleged Russia Links
Short seller Morpheus Research accused the Italian luxury label of secretly operating in Russia despite EU sanctions. The company has denied the claims.
Brunello Cucinelli Shares Fall 15% After Alleged Russia Links
Short seller Morpheus Research accused the Italian luxury label of secretly operating in Russia despite EU sanctions. The company has denied the claims.
Italy’s Supply Chain Scandals Percolate in Background at Milan Fashion Week
Max Mara’s Maramotti says solutions are on the way for a problem that has dogged Italy’s fashion industry.
Italy’s Supply Chain Scandals Percolate in Background at Milan Fashion Week
Max Mara’s Maramotti says solutions are on the way for a problem that has dogged Italy’s fashion industry.
The Debrief | Gen Z Isn’t Buying Luxury’s Story
Prices are up, hype is out and vintage is in. BoF correspondents Lei Takanashi and Jessica Kwon join The Debrief to explain why Gen Z is drifting away from luxury — and how brands can win them back.
The Debrief | Gen Z Isn’t Buying Luxury’s Story
Prices are up, hype is out and vintage is in. BoF correspondents Lei Takanashi and Jessica Kwon join The Debrief to explain why Gen Z is drifting away from luxury — and how brands can win them back.
Audemars Piguet Chief Comes Out Swinging
The Swiss watchmaker, which grew 12 sales percent in the year to August, will exhibit at Watches and Wonders Geneva next spring, chief executive Ilaria Resta said in a wide-ranging interview.
Audemars Piguet Chief Comes Out Swinging
The Swiss watchmaker, which grew 12 sales percent in the year to August, will exhibit at Watches and Wonders Geneva next spring, chief executive Ilaria Resta said in a wide-ranging interview.
Sarah Jessica Parker Teams Up With Lab-Grown Diamond Brand Astrea
The actress and fashion icon is also the London-based company’s new creative director, offering a major celebrity endorsement to lab-grown stones at large.
Sarah Jessica Parker Teams Up With Lab-Grown Diamond Brand Astrea
The actress and fashion icon is also the London-based company’s new creative director, offering a major celebrity endorsement to lab-grown stones at large.
This Week: Gucci and Versace Soft Launch in Milan
Two of Italy’s most prominent brands are managing expectations for their designer debuts this week. Jil Sander and Bottega Veneta will also reveal aesthetic revamps.
This Week: Gucci and Versace Soft Launch in Milan
Two of Italy’s most prominent brands are managing expectations for their designer debuts this week. Jil Sander and Bottega Veneta will also reveal aesthetic revamps.
THE NEWS IN BRIEF
Ferragamo Returns to Profit as Relaunch Strategy Advances
The Italian luxury brand swung to a net profit for the first half after growing sales in the second quarter, with turnaround efforts particularly evident in its directly owned shops.
The Met’s Next Fashion Blockbuster Will Spotlight Galliano
The fashion icon, as famous for his singular talent as a scandal that cost him one of the industry’s top jobs, will become one of only three living designers to get a major solo exhibition at the museum.
Hermès’ Chief Watches China’s Pork Prices to Gauge Luxury Demand
When it comes to gauging the possibility of a sales rebound for his luxury group in China, Hermès executive chairman Axel Dumas turns to an unusual metric.
Hermès Shares Dive as Sales and Chinese Weakness Disappoint
Hermès second quarter sales rose 7 percent, lifted by a recovery in tourism in Europe and strong demand in the US.
Frasers Group Takes a Position in Burberry
The billionaire Mike Ashley’s investment arm disclosed Tuesday it holds an interest worth a potential 4.2 percent of the voting rights in Burberry.
Bernard Arnault Joins X as LVMH CEO Fights Off Rumours of Family Disunity
French newspaper Le Monde published a six-part series last week on the tycoon, including alleged tensions among his family members driven by succession.
CVC Mulls Buying Stake in Jeweller APM Monaco From TPG
CVC Capital Partners is considering buying a stake in the fashion jeweller from private-equity firm TPG Inc., according to people familiar with the matter.