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.
Prada Posts Industry-Beating Growth Ahead of Versace Acquisition
The Milanese fashion company reported quarterly sales up 13 percent, outperforming key competitors in a difficult market as Miu Miu continued its surge.
Prada Posts Industry-Beating Growth Ahead of Versace Acquisition
The Milanese fashion company reported quarterly sales up 13 percent, outperforming key competitors in a difficult market as Miu Miu continued its surge.
Luxury Has a Fake News Problem. Is Silence the Right Strategy?
Hermès, Chanel and Louis Vuitton are among the luxury megabrands that have largely remained quiet amid a flood of viral TikToks falsely suggesting their bags are made in China.
Luxury Has a Fake News Problem. Is Silence the Right Strategy?
Hermès, Chanel and Louis Vuitton are among the luxury megabrands that have largely remained quiet amid a flood of viral TikToks falsely suggesting their bags are made in China.
How to Make a Members Club Work in New York
Private clubs like LA’s San Vicente and London’s The Twenty Two are flooding New York City. Can they make membership a ‘must-have’ for a new generation of affluent New Yorkers?
How to Make a Members Club Work in New York
Private clubs like LA’s San Vicente and London’s The Twenty Two are flooding New York City. Can they make membership a ‘must-have’ for a new generation of affluent New Yorkers?
Francois Pinault’s Wealth Slides as Heir Fails to Revive Gucci
The 88-year-old founder of Kering SA has seen his net worth drop by 29 percent to $18.6 billion since August 2021.
Francois Pinault’s Wealth Slides as Heir Fails to Revive Gucci
The 88-year-old founder of Kering SA has seen his net worth drop by 29 percent to $18.6 billion since August 2021.
Kering’s Woes Deepen as Gucci Sales Tumble 25%
Group revenues fell 14 percent in the first quarter as Saint Laurent and Balenciaga also suffered from the downturn in luxury demand.
Kering’s Woes Deepen as Gucci Sales Tumble 25%
Group revenues fell 14 percent in the first quarter as Saint Laurent and Balenciaga also suffered from the downturn in luxury demand.
The Debrief | The Power of a Luxury Handbag
Luxury handbags are not only fashion statements – they can be vital to a brand’s identity, bottom line, and ongoing appeal to aspirational consumers. Senior correspondent Sheena Butler-Young and luxury correspondent Simone Stern-Carbone discuss the power of an iconic handbag.
The Debrief | The Power of a Luxury Handbag
Luxury handbags are not only fashion statements – they can be vital to a brand’s identity, bottom line, and ongoing appeal to aspirational consumers. Senior correspondent Sheena Butler-Young and luxury correspondent Simone Stern-Carbone discuss the power of an iconic handbag.
Hermès Heir ‘Strongly Contests’ Lawsuit Over $16 Billion Fortune
Honor America Capital LLC accused Nicolas Puech, a fifth-generation descendant of the Hermès founder, of failing to deliver Hermès International SCA shares worth $16 billion as part of a sale agreement. Puech’s lawyer stated his client wasn’t involved in the deal.
Hermès Heir ‘Strongly Contests’ Lawsuit Over $16 Billion Fortune
Honor America Capital LLC accused Nicolas Puech, a fifth-generation descendant of the Hermès founder, of failing to deliver Hermès International SCA shares worth $16 billion as part of a sale agreement. Puech’s lawyer stated his client wasn’t involved in the deal.
It’s Not Just Secondhand Retailers That Have a Counterfeit Problem
More fake goods are making their way onto luxury e-commerce sites amid a rise in returns fraud. Rather than building an expensive authentication system, retailers are finding alternative measures to identify shady customers and maintain consumer trust.
It’s Not Just Secondhand Retailers That Have a Counterfeit Problem
More fake goods are making their way onto luxury e-commerce sites amid a rise in returns fraud. Rather than building an expensive authentication system, retailers are finding alternative measures to identify shady customers and maintain consumer trust.
Exclusive: Chanel Signs Kendrick Lamar as Brand Ambassador
The American musician’s unique blend of artistry, social commentary and provocation has generated cultural impact, commercial success and institutional recognition. Now, he’s starring in the French brand’s latest eyewear campaign.
Exclusive: Chanel Signs Kendrick Lamar as Brand Ambassador
The American musician’s unique blend of artistry, social commentary and provocation has generated cultural impact, commercial success and institutional recognition. Now, he’s starring in the French brand’s latest eyewear campaign.
This Week: Gucci and Shein Face Pricing Dilemmas
Kering reports results as its struggling brands weigh whether to raise prices to compensate for tariffs. Meanwhile, Shein and Temu plan to hike on Friday.
This Week: Gucci and Shein Face Pricing Dilemmas
Kering reports results as its struggling brands weigh whether to raise prices to compensate for tariffs. Meanwhile, Shein and Temu plan to hike on Friday.
Luxury’s New Pecking Order
This week, Dior tapped Jonathan Anderson to lead men’s fashion, Hermès briefly topped LVMH in terms of market share, and the ultra-wealthy solidified their status as the industry’s most effective driving force.
Luxury’s New Pecking Order
This week, Dior tapped Jonathan Anderson to lead men’s fashion, Hermès briefly topped LVMH in terms of market share, and the ultra-wealthy solidified their status as the industry’s most effective driving force.
Valentino Sales Slipped by 2% in 2024
Operating profit fell 22 percent as the group invested in overhauling its collections and image under new creative director Alessandro Michele.
Valentino Sales Slipped by 2% in 2024
Operating profit fell 22 percent as the group invested in overhauling its collections and image under new creative director Alessandro Michele.
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.