Report: Armani Stake Sale Could Be Delayed Beyond March 2027 Deadline
Citing company sources, Italian newspaper Corriere della Sera said market conditions for the luxury industry were still challenging and negotiating a deal could require time.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
Mayhoola Denies Report It Is Considering Valentino Sale with Kering
The head of Qatar-backed Mayhoola said an Italian newspaper report suggesting the investment fund and Gucci owner Kering were considering selling their jointly owned fashion house Valentino was ‘untrue.’
Mayhoola Denies Report It Is Considering Valentino Sale with Kering
The head of Qatar-backed Mayhoola said an Italian newspaper report suggesting the investment fund and Gucci owner Kering were considering selling their jointly owned fashion house Valentino was ‘untrue.’
Opinion: The Big Luxury Simulation Is Over
Consumers appear to be calling time on an industry that long ago stopped selling real luxury goods, writes Eugene Rabkin.
Opinion: The Big Luxury Simulation Is Over
Consumers appear to be calling time on an industry that long ago stopped selling real luxury goods, writes Eugene Rabkin.
Burberry Sales Fall Less Than Expected as Turnaround Gains Traction
Comparable retail sales fell by 1 percent in the first quarter, suggesting CEO Joshua Schulman’s revamp strategy is working.
Burberry Sales Fall Less Than Expected as Turnaround Gains Traction
Comparable retail sales fell by 1 percent in the first quarter, suggesting CEO Joshua Schulman’s revamp strategy is working.
Tiffany Angers Rich Clients Who Wanted to Buy Rare Patek Watch
The jeweller bungled the release of a coveted Nautilus timepiece, alienating some customers and fracturing its relationship with Patek Philippe.
Tiffany Angers Rich Clients Who Wanted to Buy Rare Patek Watch
The jeweller bungled the release of a coveted Nautilus timepiece, alienating some customers and fracturing its relationship with Patek Philippe.
Are Luxury Megabrands Broken?
Simultaneous crises at LVMH, Kering and Chanel suggest all is not well with the luxury megabrand model, but many of the headwinds they face may reverse in the coming years, writes Luca Solca.
Are Luxury Megabrands Broken?
Simultaneous crises at LVMH, Kering and Chanel suggest all is not well with the luxury megabrand model, but many of the headwinds they face may reverse in the coming years, writes Luca Solca.
Richemont Sales Up 6%, Defying Deepening Luxury Downturn
The Swiss group’s jewellery division, including Cartier and Van Cleef & Arpels, grew by double digits in the first quarter, while fashion stagnated and watches slumped. Weaker currencies in key export markets and a darkening China market are set to add further pressure to luxury firms this quarter.
Richemont Sales Up 6%, Defying Deepening Luxury Downturn
The Swiss group’s jewellery division, including Cartier and Van Cleef & Arpels, grew by double digits in the first quarter, while fashion stagnated and watches slumped. Weaker currencies in key export markets and a darkening China market are set to add further pressure to luxury firms this quarter.
OTB’s Marni Names Meryll Rogge Creative Director
The Belgian designer recently won France’s ANDAM fashion prize.
OTB’s Marni Names Meryll Rogge Creative Director
The Belgian designer recently won France’s ANDAM fashion prize.
How Loro Piana Was Linked to Labour Exploitation
LVMH’s high-end cashmere firm cultivated unassailable luxury credentials with its commitment to quality and craft. According to Italian prosecutors, thousands of its cashmere jackets were made in illegal, Chinese-owned workshops on the outskirts of Milan.
How Loro Piana Was Linked to Labour Exploitation
LVMH’s high-end cashmere firm cultivated unassailable luxury credentials with its commitment to quality and craft. According to Italian prosecutors, thousands of its cashmere jackets were made in illegal, Chinese-owned workshops on the outskirts of Milan.
LVMH’s Loro Piana Put Under Court Administration in Italy Over Labour Exploitation
The Italian cashmere firm has been placed under judicial administration for a year due to alleged worker exploitation and inadequate oversight within its supply chain.
LVMH’s Loro Piana Put Under Court Administration in Italy Over Labour Exploitation
The Italian cashmere firm has been placed under judicial administration for a year due to alleged worker exploitation and inadequate oversight within its supply chain.
Burberry Investors See Progress
A year after Josh Schulman became CEO of the British mega-brand. investors say they’re pleased with early signs of recovery even though sales are still falling.
Burberry Investors See Progress
A year after Josh Schulman became CEO of the British mega-brand. investors say they’re pleased with early signs of recovery even though sales are still falling.
This Week: Can Richemont Keep the Jewellery Boom Going?
The Swiss owner of Cartier, Van Cleef & Arpels and other brands has avoided the luxury slump. Sluggish watch sales and local competition in China threaten to spoil the party.
This Week: Can Richemont Keep the Jewellery Boom Going?
The Swiss owner of Cartier, Van Cleef & Arpels and other brands has avoided the luxury slump. Sluggish watch sales and local competition in China threaten to spoil the party.
Fashion’s Creative Revival Is Finally Here
Michael Rider’s debut at Celine, Glenn Martens’ first Margiela couture show and Jonathan Anderson’s reinvention of his own brand were among the signs in Paris that luxury is ready to open a new creative chapter, writes Imran Amed.
Fashion’s Creative Revival Is Finally Here
Michael Rider’s debut at Celine, Glenn Martens’ first Margiela couture show and Jonathan Anderson’s reinvention of his own brand were among the signs in Paris that luxury is ready to open a new creative chapter, writes Imran Amed.
THE NEWS IN BRIEF
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.
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.