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.
What François-Henry Bennahmias Did Next
The former Audemars Piguet chief executive speaks exclusively to The Business of Fashion about the launch of his new venture, The Honourable Merchants Group.
What François-Henry Bennahmias Did Next
The former Audemars Piguet chief executive speaks exclusively to The Business of Fashion about the launch of his new venture, The Honourable Merchants Group.
Francesca Bellettini to Lead Gucci, Kering Confirms
Kering’s co-deputy CEO for brand development is set to replace Stefano Cantino at the helm of the troubled Italian megabrand. Jean-Marc Duplaix, co-deputy CEO and chief operating officer, will retain his COO title as new chief executive Luca de Meo moves quickly to streamline the company’s leadership structure.
Francesca Bellettini to Lead Gucci, Kering Confirms
Kering’s co-deputy CEO for brand development is set to replace Stefano Cantino at the helm of the troubled Italian megabrand. Jean-Marc Duplaix, co-deputy CEO and chief operating officer, will retain his COO title as new chief executive Luca de Meo moves quickly to streamline the company’s leadership structure.
Christian Louboutin to Relaunch Men’s with Jaden Smith as Creative Director
Men’s product currently accounts for 24 percent of sales at the brand.
Christian Louboutin to Relaunch Men’s with Jaden Smith as Creative Director
Men’s product currently accounts for 24 percent of sales at the brand.
Ralph Lauren’s Next Chapter: Do More With More
At its first investor day since 2022, the brand will lay out a plan to build on its recent success, including expanding into 20 more cities and continuing to grow lucrative categories like handbags and outerwear.
Ralph Lauren’s Next Chapter: Do More With More
At its first investor day since 2022, the brand will lay out a plan to build on its recent success, including expanding into 20 more cities and continuing to grow lucrative categories like handbags and outerwear.
Coach Conquered Gen Z. What’s Next?
The American handbag brand is reaping the rewards of a years-long comeback plan. Keeping up the momentum is the next challenge.
Coach Conquered Gen Z. What’s Next?
The American handbag brand is reaping the rewards of a years-long comeback plan. Keeping up the momentum is the next challenge.
Does Brunello Cucinelli Have the Answers to Luxury’s Problems?
The ‘quiet luxury’ Italian cashmere label that’s still generating double-digit sales growth amid a sharp downturn in luxury demand has cast itself as the tortoise to the wider sector’s hare.
Does Brunello Cucinelli Have the Answers to Luxury’s Problems?
The ‘quiet luxury’ Italian cashmere label that’s still generating double-digit sales growth amid a sharp downturn in luxury demand has cast itself as the tortoise to the wider sector’s hare.
Gucci CEO Said to Exit Amid Kering Shakeup
Kering deputy CEO Francesca Bellettini is set to replace Stefano Cantino at the helm of the troubled Italian megabrand, sources said, as new group chief executive Luca de Meo moves quickly to shake up the French conglomerate’s senior ranks.
Gucci CEO Said to Exit Amid Kering Shakeup
Kering deputy CEO Francesca Bellettini is set to replace Stefano Cantino at the helm of the troubled Italian megabrand, sources said, as new group chief executive Luca de Meo moves quickly to shake up the French conglomerate’s senior ranks.
This Week: London Fashion Week’s Comeback Attempt; All Eyes on the Fed
A new British Fashion Council CEO hopes to bring more emerging designers to the schedule, though Burberry and H&M will likely hog the spotlight. Plus, the Federal Reserve makes a key interest rate decision.
This Week: London Fashion Week’s Comeback Attempt; All Eyes on the Fed
A new British Fashion Council CEO hopes to bring more emerging designers to the schedule, though Burberry and H&M will likely hog the spotlight. Plus, the Federal Reserve makes a key interest rate decision.
Tough Choices for Armani’s Heirs
The designer’s will unexpectedly called for his brand to be sold or file for an IPO. With the luxury sector in a slump, neither option looks particularly appealing right now, writes Imran Amed.
Tough Choices for Armani’s Heirs
The designer’s will unexpectedly called for his brand to be sold or file for an IPO. With the luxury sector in a slump, neither option looks particularly appealing right now, writes Imran Amed.
Armani’s Surprise Will, Explained
The Italian designer, whose last testament was made public this week, mandated that the Armani foundation must sell a 15 percent stake in the fashion house to LVMH, L’Oréal, EssilorLuxottica or another company of similar standing, or pursue an IPO, within 18 months.
Armani’s Surprise Will, Explained
The Italian designer, whose last testament was made public this week, mandated that the Armani foundation must sell a 15 percent stake in the fashion house to LVMH, L’Oréal, EssilorLuxottica or another company of similar standing, or pursue an IPO, within 18 months.
Shrinking Audiences, a Cash Crisis and Rivals on the Rise: What’s Gone Wrong at Tate?
The museum group is struggling with its identity – while the National Gallery is not only thriving but expanding into modern art.
Shrinking Audiences, a Cash Crisis and Rivals on the Rise: What’s Gone Wrong at Tate?
The museum group is struggling with its identity – while the National Gallery is not only thriving but expanding into modern art.
Giorgio Armani’s Will Tells Heirs to Sell the Brand or Seek IPO
The document says the late designer's heirs must sell a minority stake within 18 months, with a larger transfer to the same buyer to occur later, and give preference to LVMH, L'Oréal or EssilorLuxottica, according to Reuters. Otherwise, the brand should pursue an IPO.
Giorgio Armani’s Will Tells Heirs to Sell the Brand or Seek IPO
The document says the late designer's heirs must sell a minority stake within 18 months, with a larger transfer to the same buyer to occur later, and give preference to LVMH, L'Oréal or EssilorLuxottica, according to Reuters. Otherwise, the brand should pursue an IPO.
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.