Capri Cuts Revenue Outlook as Iran War Hits Michael Kors Sales
Congestion at ports in Asia combined with weaker demand across Europe and emerging markets from the war hurt sales, the company said.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
Is $4,000 a Night for a Hotel Room the New Normal?
Prices have skyrocketed at luxury hotels, especially in top leisure markets. Will they ever come down?
Is $4,000 a Night for a Hotel Room the New Normal?
Prices have skyrocketed at luxury hotels, especially in top leisure markets. Will they ever come down?
Why Hyping Art as an Investment Needs to Stop
Positioning art as an ‘alternative asset class’ is a losing game, writes Marc Spiegler. Plus, ‘South Park’ trolls Trump and the art world’s new Thai fixation.
Why Hyping Art as an Investment Needs to Stop
Positioning art as an ‘alternative asset class’ is a losing game, writes Marc Spiegler. Plus, ‘South Park’ trolls Trump and the art world’s new Thai fixation.
Inside Jacob & Co.’s Strategy to Disrupt Luxury Watchmaking
As the luxury watch sector experiences shifting consumer preferences and market contraction, brands are seeking new paths to relevance and growth. Here, BoF speaks with Benjamin Arabo, chief executive officer of Jacob & Co., to understand how the American company is evolving its efforts to disrupt traditional watchmaking.
Inside Jacob & Co.’s Strategy to Disrupt Luxury Watchmaking
As the luxury watch sector experiences shifting consumer preferences and market contraction, brands are seeking new paths to relevance and growth. Here, BoF speaks with Benjamin Arabo, chief executive officer of Jacob & Co., to understand how the American company is evolving its efforts to disrupt traditional watchmaking.
Hermès Valuation Woes Eclipse Sales Gain
Shares fell as much as 4.7 percent even after the company reported second-quarter sales growth that far outpaced major luxury rivals.
Hermès Valuation Woes Eclipse Sales Gain
Shares fell as much as 4.7 percent even after the company reported second-quarter sales growth that far outpaced major luxury rivals.
Prada Sales Miss Estimates Amid Luxury Slump
Sales at the group’s flagship Prada brand slid 3.6 percent in the second quarter against a ‘challenging’ and ‘somewhat unprecedented’ backdrop, the company said.
Prada Sales Miss Estimates Amid Luxury Slump
Sales at the group’s flagship Prada brand slid 3.6 percent in the second quarter against a ‘challenging’ and ‘somewhat unprecedented’ backdrop, the company said.
Hermès Sales Rise 9%, Outpacing Rivals
The French leather goods giant said it would fully pass on the effects of tariffs to its clients in the US, where it raised prices by an additional 5 percent this year.
Hermès Sales Rise 9%, Outpacing Rivals
The French leather goods giant said it would fully pass on the effects of tariffs to its clients in the US, where it raised prices by an additional 5 percent this year.
With a Chain of Coffee Shops, Coach Wants to Be Gen-Z’s New Mall Hangout
The handbag brand is rolling out dozens of cafés across US outlet malls, offering branded lattes, merch and a reason for young shoppers to linger longer in stores.
With a Chain of Coffee Shops, Coach Wants to Be Gen-Z’s New Mall Hangout
The handbag brand is rolling out dozens of cafés across US outlet malls, offering branded lattes, merch and a reason for young shoppers to linger longer in stores.
Gucci Sales Plunge 25% as Kering Woes Continue
The French conglomerate reported plummeting second-quarter sales at flagship Gucci as the brand gears up for its second creative revamp in three years. Group sales tumbled 15 percent.
Gucci Sales Plunge 25% as Kering Woes Continue
The French conglomerate reported plummeting second-quarter sales at flagship Gucci as the brand gears up for its second creative revamp in three years. Group sales tumbled 15 percent.
Pinaults’ Artemis Says Not Facing Financial Strain Despite Kering Woes
A jump in standalone debt is a ‘temporary spike’ and the company is not facing liquidity problems due to a drop in dividends from Kering and other assets, it told Reuters.
Pinaults’ Artemis Says Not Facing Financial Strain Despite Kering Woes
A jump in standalone debt is a ‘temporary spike’ and the company is not facing liquidity problems due to a drop in dividends from Kering and other assets, it told Reuters.
Temasek Builds 10% Stake in Zegna in Boost for Expansion Plans
The Singapore state-owned investor has agreed to buy a roughly 5 percent stake in Ermenegildo Zegna for $126.4 million, after previously scooping up shares amounting to another 5 percent. The deal will accelerate the Italian fashion group’s expansion plans, the company said.
Temasek Builds 10% Stake in Zegna in Boost for Expansion Plans
The Singapore state-owned investor has agreed to buy a roughly 5 percent stake in Ermenegildo Zegna for $126.4 million, after previously scooping up shares amounting to another 5 percent. The deal will accelerate the Italian fashion group’s expansion plans, the company said.
Tired of the Hamptons? Fashion Isn’t
The lines are long, the prices astronomical and the influencer presence inescapable — but the Hamptons remain a key stage for brands chasing wealthy customers.
Tired of the Hamptons? Fashion Isn’t
The lines are long, the prices astronomical and the influencer presence inescapable — but the Hamptons remain a key stage for brands chasing wealthy customers.
$50,000-a-Night Resort Signals Africa’s Future in Luxury Travel
Capital from billionaire business moguls and Middle Eastern royals is pouring into Africa, filling a funding gap left by banks, as a new wave of ultra-luxury developments reshapes the continent’s hospitality landscape.
$50,000-a-Night Resort Signals Africa’s Future in Luxury Travel
Capital from billionaire business moguls and Middle Eastern royals is pouring into Africa, filling a funding gap left by banks, as a new wave of ultra-luxury developments reshapes the continent’s hospitality landscape.
THE NEWS IN BRIEF
Ralph Lauren Beats Estimates on Demand From Affluent Shoppers
Strong sales among young and affluent shoppers helped drive quarterly revenue above analysts' expectations.
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.