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.
Is the Art Market AI-Proof?
While artists are experimenting with artificial intelligence to produce work, the technology won’t disrupt the business of art, argues Marc Spiegler.
Is the Art Market AI-Proof?
While artists are experimenting with artificial intelligence to produce work, the technology won’t disrupt the business of art, argues Marc Spiegler.
The BoF Podcast | Inside The Great Luxury Reset
Imran Amed, founder and CEO of The Business of Fashion, and Luca Solca, managing director of luxury goods at Bernestein, speak to System Magazine’s Jonathan Wingfield about how luxury fashion is navigating economic headwinds, shifting consumer values and the urgent need for creative renewal.
The BoF Podcast | Inside The Great Luxury Reset
Imran Amed, founder and CEO of The Business of Fashion, and Luca Solca, managing director of luxury goods at Bernestein, speak to System Magazine’s Jonathan Wingfield about how luxury fashion is navigating economic headwinds, shifting consumer values and the urgent need for creative renewal.
A Slap on the Wrist Won’t Solve Luxury’s Sweatshops Problem
This week, Italy’s Competition Authority closed a probe into whether Dior misled consumers about working conditions at its suppliers without finding any wrongdoing. But a new case linking Valentino to poor labour practices suggests this is a problem that won’t go away easily.
A Slap on the Wrist Won’t Solve Luxury’s Sweatshops Problem
This week, Italy’s Competition Authority closed a probe into whether Dior misled consumers about working conditions at its suppliers without finding any wrongdoing. But a new case linking Valentino to poor labour practices suggests this is a problem that won’t go away easily.
Trump Tariffs Hit European Luxury, Shares Tank
LVMH and Hermès stock fell about 3 percent and 4 percent respectively, in line with sector peers including Kering, Prada and Burberry, after the US president announced a 50 percent duty on imports from the European Union.
Trump Tariffs Hit European Luxury, Shares Tank
LVMH and Hermès stock fell about 3 percent and 4 percent respectively, in line with sector peers including Kering, Prada and Burberry, after the US president announced a 50 percent duty on imports from the European Union.
Can Swiss Watches Compete on Value?
The price of Swiss watches has continued to rise, leaving watchmakers battling to bolster their value propositions amid a downturn in luxury spending.
Can Swiss Watches Compete on Value?
The price of Swiss watches has continued to rise, leaving watchmakers battling to bolster their value propositions amid a downturn in luxury spending.
Explainer: Making Sense of Art Basel’s New Qatar Fair
The world’s largest organiser of art fairs will launch its fifth annual event in Doha in February 2026. What does it mean for Art Basel, Qatar and the evolution of an art market desperate for growth opportunities after more than two years of shrinking sales?
Explainer: Making Sense of Art Basel’s New Qatar Fair
The world’s largest organiser of art fairs will launch its fifth annual event in Doha in February 2026. What does it mean for Art Basel, Qatar and the evolution of an art market desperate for growth opportunities after more than two years of shrinking sales?
Chanel Pulls Back on Price Hikes as Sales Fall 4%
The French couture and beauty giant is easing off punchy price increases and investing in new markets including India, Mexico and Canada, CEO Leena Nair and CFO Philippe Blondiaux told BoF, as sales slid for the first time since 2020.
Chanel Pulls Back on Price Hikes as Sales Fall 4%
The French couture and beauty giant is easing off punchy price increases and investing in new markets including India, Mexico and Canada, CEO Leena Nair and CFO Philippe Blondiaux told BoF, as sales slid for the first time since 2020.
Art Basel to Launch New Fair in Qatar
The organisation’s fifth art fair, set to take place in Doha in February, is its first foray into the wealthy Middle East market.
Art Basel to Launch New Fair in Qatar
The organisation’s fifth art fair, set to take place in Doha in February, is its first foray into the wealthy Middle East market.
The Logic Behind Balenciaga’s Pierpaolo Piccioli Appointment
Kering has named the former Valentino designer known for his deft use of colour and sculptural couture to succeed Demna in an apparent reset at the Paris-based brand.
The Logic Behind Balenciaga’s Pierpaolo Piccioli Appointment
Kering has named the former Valentino designer known for his deft use of colour and sculptural couture to succeed Demna in an apparent reset at the Paris-based brand.
Richemont Sales Jump on Strong Demand for Cartier
Sales in the Swiss group’s all-important jewellery unit soared 11% in the most recent quarter, making Richemont more resilient than rivals like LVMH in a challenging market for luxury goods.
Richemont Sales Jump on Strong Demand for Cartier
Sales in the Swiss group’s all-important jewellery unit soared 11% in the most recent quarter, making Richemont more resilient than rivals like LVMH in a challenging market for luxury goods.
Burberry’s Reset Begins to Click
The British luxury giant is cutting jobs after full-year profit swung to a loss and quarterly sales fell 6 percent. But shares soared as investors endorsed its latest turnaround attempt under new management.
Burberry’s Reset Begins to Click
The British luxury giant is cutting jobs after full-year profit swung to a loss and quarterly sales fell 6 percent. But shares soared as investors endorsed its latest turnaround attempt under new management.
Mytheresa Reports Slower Sales Growth
The German e-tailer’s ability to outperform a broader luxury slump was challenged by uncertainty in the US in its fiscal quarter that ended in March — a minor setback as it seeks to become a leader in online luxury.
Mytheresa Reports Slower Sales Growth
The German e-tailer’s ability to outperform a broader luxury slump was challenged by uncertainty in the US in its fiscal quarter that ended in March — a minor setback as it seeks to become a leader in online luxury.
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.