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.
Opinion: Luxury Is More Resilient Than the Market Suggests
The luxury industry is facing another lost year, according to Bain’s latest luxury update, but investors are being too gloomy on the sector’s long-term prospects, argues Andrea Felsted.
Opinion: Luxury Is More Resilient Than the Market Suggests
The luxury industry is facing another lost year, according to Bain’s latest luxury update, but investors are being too gloomy on the sector’s long-term prospects, argues Andrea Felsted.
Luxury Sector Will Continue to Slip, Bain Forecasts
The market is on pace to contract 2 percent to 5 percent in 2025 as consumption remains soft across key categories — particularly leather goods, makeup and watches — according to the latest forecast from Bain & Company.
Luxury Sector Will Continue to Slip, Bain Forecasts
The market is on pace to contract 2 percent to 5 percent in 2025 as consumption remains soft across key categories — particularly leather goods, makeup and watches — according to the latest forecast from Bain & Company.
Bernard Arnault Grapples With the Biggest Slump in LVMH’s History
The luxury goods maker is reeling from a sharp downturn in the €364 billion industry — and questions about succession are growing louder.
Bernard Arnault Grapples With the Biggest Slump in LVMH’s History
The luxury goods maker is reeling from a sharp downturn in the €364 billion industry — and questions about succession are growing louder.
Francesco Risso Exits Marni
The Italian designer crafted a colourful, DIY-inflected universe during 10 years at the OTB-owned brand.
Francesco Risso Exits Marni
The Italian designer crafted a colourful, DIY-inflected universe during 10 years at the OTB-owned brand.
Why Kering Picked a Fashion Outsider to Be Its Next CEO
The Gucci and Saint Laurent owner is splitting its chairman and CEO roles, bringing in Luca de Meo, a turnaround expert who has revived multiple automotive brands, to support the Pinault family.
Why Kering Picked a Fashion Outsider to Be Its Next CEO
The Gucci and Saint Laurent owner is splitting its chairman and CEO roles, bringing in Luca de Meo, a turnaround expert who has revived multiple automotive brands, to support the Pinault family.
Report: Kering to Name Renault Boss Luca de Meo CEO
The French luxury giant is planning to shake up its leadership amid a share price slump, according to Le Figaro.
Report: Kering to Name Renault Boss Luca de Meo CEO
The French luxury giant is planning to shake up its leadership amid a share price slump, according to Le Figaro.
Is the Secondary Watch Market Turning a Corner?
After three years of declines, prices of pre-owned watches appear to have bottomed out.
Is the Secondary Watch Market Turning a Corner?
After three years of declines, prices of pre-owned watches appear to have bottomed out.
Art Basel Is Shaping Up to Be a Roll of the Dice
'There’s new energy in the market,’ Pace CEO Marc Glimcher told Bloomberg ahead of the Swiss edition of the global art fair, but selling top-end pieces is likely to be more chancy than usual, several dealers acknowledged.
Art Basel Is Shaping Up to Be a Roll of the Dice
'There’s new energy in the market,’ Pace CEO Marc Glimcher told Bloomberg ahead of the Swiss edition of the global art fair, but selling top-end pieces is likely to be more chancy than usual, several dealers acknowledged.
Who Would Pay $20,000 For a Hamburger Ring?
Plenty of people, it turns out. And they want ruby fruit pendants, 18 karat gold slinky-shaped bracelets and amethyst-and-jade camp necklaces too, as funky designs shake up the fine jewellery category.
Who Would Pay $20,000 For a Hamburger Ring?
Plenty of people, it turns out. And they want ruby fruit pendants, 18 karat gold slinky-shaped bracelets and amethyst-and-jade camp necklaces too, as funky designs shake up the fine jewellery category.
Why Lace and Crochet Are Everywhere Right Now
Brands from Magda Butrym to Chloé are appealing to shoppers with delicate handwork that’s nostalgic and romantic, providing a contrast to fast fashion and the minimalism of quiet luxury.
Why Lace and Crochet Are Everywhere Right Now
Brands from Magda Butrym to Chloé are appealing to shoppers with delicate handwork that’s nostalgic and romantic, providing a contrast to fast fashion and the minimalism of quiet luxury.
Chinese Tourists Ramp Up European Summer Trips as Americans Cut Back
Increased Chinese demand will buoy hoteliers and restaurateurs across the continent as newly price-sensitive Americans hit the breaks on vacations in Europe.
Chinese Tourists Ramp Up European Summer Trips as Americans Cut Back
Increased Chinese demand will buoy hoteliers and restaurateurs across the continent as newly price-sensitive Americans hit the breaks on vacations in Europe.
Opinion: A Luxury Travel Bubble Is Swelling
Hotels and airlines are chasing aspirational vacationers willing to shell out big bucks. What happens when they stop?
Opinion: A Luxury Travel Bubble Is Swelling
Hotels and airlines are chasing aspirational vacationers willing to shell out big bucks. What happens when they stop?
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.