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.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
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.
Why Luxury Needs to Rethink How It Speaks to Gen Z
Many high-end brands are struggling to connect with young consumers, who are either bored by dated marketing, turned off by high prices or both. Time is running out, as Gen Z is poised to dominate luxury spending by 2030.
Why Luxury Needs to Rethink How It Speaks to Gen Z
Many high-end brands are struggling to connect with young consumers, who are either bored by dated marketing, turned off by high prices or both. Time is running out, as Gen Z is poised to dominate luxury spending by 2030.
The Debrief | The Great Fashion Reset: Can Designer Debuts Revive Luxury?
With luxury demand slowing and prices soaring, top houses are betting on fresh creative leadership to re-energise customers. The Debrief unpacks what runway debuts at brands like Gucci, Chanel and Dior can – and can’t – fix this season.
The Debrief | The Great Fashion Reset: Can Designer Debuts Revive Luxury?
With luxury demand slowing and prices soaring, top houses are betting on fresh creative leadership to re-energise customers. The Debrief unpacks what runway debuts at brands like Gucci, Chanel and Dior can – and can’t – fix this season.
Inside Kering’s Changing of the Guard
A $24 million welcome bonus was in focus as new CEO Luca de Meo took the reins from François-Henri Pinault. Improving performance will require tough choices to ‘reduce our costs, reduce our debt, and where necessary, rationalise, reorganise, reposition some of our brands,’ de Meo said.
Inside Kering’s Changing of the Guard
A $24 million welcome bonus was in focus as new CEO Luca de Meo took the reins from François-Henri Pinault. Improving performance will require tough choices to ‘reduce our costs, reduce our debt, and where necessary, rationalise, reorganise, reposition some of our brands,’ de Meo said.
Audemars Piguet Says CEO Staying
The Swiss watchmaker shut down a media report suggesting the company would ‘part ways’ with chief executive Ilaria Resta.
Audemars Piguet Says CEO Staying
The Swiss watchmaker shut down a media report suggesting the company would ‘part ways’ with chief executive Ilaria Resta.
In Geneva, Luxury Watch Leaders Brace for US Tariffs Impact
Chief executives said they planned to raise prices while cutting margins.
In Geneva, Luxury Watch Leaders Brace for US Tariffs Impact
Chief executives said they planned to raise prices while cutting margins.
South Korea’s Depressed Art Market Puts a Damper on Frieze Seoul
If buzz alone closed deals, Frieze Seoul would be sold out. But the numbers tell a different story.
South Korea’s Depressed Art Market Puts a Damper on Frieze Seoul
If buzz alone closed deals, Frieze Seoul would be sold out. But the numbers tell a different story.
Shinola’s Message to Swiss Watchmakers: Come to Detroit
The American watch brand has launched a campaign to encourage its Swiss rivals to consider manufacturing in the US in the face of steep tariffs.
Shinola’s Message to Swiss Watchmakers: Come to Detroit
The American watch brand has launched a campaign to encourage its Swiss rivals to consider manufacturing in the US in the face of steep tariffs.
Armani Draws Thousands Who Pay Last Respects
Fashion leaders, Hollywood actors and fans alike came to the company’s headquarters to say a final goodbye to Giorgio Armani who died on Thursday.
Armani Draws Thousands Who Pay Last Respects
Fashion leaders, Hollywood actors and fans alike came to the company’s headquarters to say a final goodbye to Giorgio Armani who died on Thursday.
Gucci Owner’s Fortunes Rest on Heir Letting CEO Do His Job
A key question for investors is whether Francois-Henri Pinault will give his successor leeway to clean up Kering’s mess.
Gucci Owner’s Fortunes Rest on Heir Letting CEO Do His Job
A key question for investors is whether Francois-Henri Pinault will give his successor leeway to clean up Kering’s mess.
The BoF Podcast | The Great Fashion Reset
BoF founder and CEO Imran Amed is joined by executive editor Brian Baskin to examine why this fashion month could mark the beginning of a major turning point for the luxury industry.
The BoF Podcast | The Great Fashion Reset
BoF founder and CEO Imran Amed is joined by executive editor Brian Baskin to examine why this fashion month could mark the beginning of a major turning point for the luxury industry.
Armani: What’s Next for the Sleeping Beauty Mega-Brand?
Armani leaves a legacy of radical lightness, and an all-encompassing vision for Italian elegance. Remaining independent will require his successors to restore that iconoclastic, globally minded approach at every level of the company.
Armani: What’s Next for the Sleeping Beauty Mega-Brand?
Armani leaves a legacy of radical lightness, and an all-encompassing vision for Italian elegance. Remaining independent will require his successors to restore that iconoclastic, globally minded approach at every level of the company.
THE NEWS IN BRIEF
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.
Moncler Group Second-Quarter Sales Rise 5% as Stone Island Brand Outperforms
Stone Island’s strong performance helped offset slower growth at the Moncler brand, as the group continues its push to become less dependent on its iconic winter outerwear.