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.
Behind-the-Scenes at Watches and Wonders Geneva
CEOs of the Geneva watch fair’s organising foundation, LVMH’s watchmaking division, Piaget and Breitling sound off on the latest edition. Bulgari has entered the fold, but Breitling, Audemars Piguet and Swatch continued to snub the expo.
Behind-the-Scenes at Watches and Wonders Geneva
CEOs of the Geneva watch fair’s organising foundation, LVMH’s watchmaking division, Piaget and Breitling sound off on the latest edition. Bulgari has entered the fold, but Breitling, Audemars Piguet and Swatch continued to snub the expo.
How Rolex Makes a New Watch
Inside the painstaking design and development of the brand’s new Oyster Perpetual Land-Dweller.
How Rolex Makes a New Watch
Inside the painstaking design and development of the brand’s new Oyster Perpetual Land-Dweller.
The Future of Destination Shopping in Luxury Retail
Following the completion of a two-year transformation of London’s luxury destination Sloane Street, BoF and Cadogan — the property developer behind the £46 million investment — co-hosted a panel to unpack the economic and cultural factors shaping luxury today, alongside the evolution of luxury destination shopping. BoF shares key insights from the panel.
The Future of Destination Shopping in Luxury Retail
Following the completion of a two-year transformation of London’s luxury destination Sloane Street, BoF and Cadogan — the property developer behind the £46 million investment — co-hosted a panel to unpack the economic and cultural factors shaping luxury today, alongside the evolution of luxury destination shopping. BoF shares key insights from the panel.
Louis Vuitton, Gucci, Dolce & Gabbana to Anchor V&A’s Luxury Mall in South Africa
Cape Town’s V&A is tripling the size of space available for rent to luxury retailers to almost 4,000 square meters (43,056 square feet) in a dedicated new wing, David Green, its chief executive officer, said in an interview.
Louis Vuitton, Gucci, Dolce & Gabbana to Anchor V&A’s Luxury Mall in South Africa
Cape Town’s V&A is tripling the size of space available for rent to luxury retailers to almost 4,000 square meters (43,056 square feet) in a dedicated new wing, David Green, its chief executive officer, said in an interview.
Why Are There So Many Luggage Brands?
Tourists have their pick of suitcases at every price point, thanks to low barriers to entry and a travel boom that’s inflated the category’s sales year after year. But amid signs demand has peaked, it’ll take more than a Shopify storefront and slick branding to succeed.
Why Are There So Many Luggage Brands?
Tourists have their pick of suitcases at every price point, thanks to low barriers to entry and a travel boom that’s inflated the category’s sales year after year. But amid signs demand has peaked, it’ll take more than a Shopify storefront and slick branding to succeed.
Zegna Group Profits Decline 30 Percent
Ermenegildo Zegna Group reported 2024 profits fell 31 percent to €91 million ($98 million), as a slowdown in China and a weaker wholesale performance, particularly at Thom Browne, weighed on results.
Zegna Group Profits Decline 30 Percent
Ermenegildo Zegna Group reported 2024 profits fell 31 percent to €91 million ($98 million), as a slowdown in China and a weaker wholesale performance, particularly at Thom Browne, weighed on results.
Can Breitling Revitalise Watchmaking’s Troubled Middle Market?
The Swiss brand revealed a new collection fronted by Austin Butler and priced from $5,600 — considered a competitive price point for watches with in-house mechanical movements — as well as relaunching the Gallet brand with watches to be priced from $3,300. The moves defy the industry’s recent focus on top-end launches.
Can Breitling Revitalise Watchmaking’s Troubled Middle Market?
The Swiss brand revealed a new collection fronted by Austin Butler and priced from $5,600 — considered a competitive price point for watches with in-house mechanical movements — as well as relaunching the Gallet brand with watches to be priced from $3,300. The moves defy the industry’s recent focus on top-end launches.
Mugler Confirms Casey Cadwallader’s Exit, Names New Designer
Miguel Castro Freitas, a behind-the-scenes figure, will be named creative director of the L’Oréal-owned fashion and fragrance house.
Mugler Confirms Casey Cadwallader’s Exit, Names New Designer
Miguel Castro Freitas, a behind-the-scenes figure, will be named creative director of the L’Oréal-owned fashion and fragrance house.
Why India Increasingly Supplies The World’s Gemstones
Brands including Chopard and Messika are increasingly open about their reliance on Indian gemstone cutters. In addition to lower costs, the country boasts pedigreed suppliers and craftspeople well-versed in traditional techniques.
Why India Increasingly Supplies The World’s Gemstones
Brands including Chopard and Messika are increasingly open about their reliance on Indian gemstone cutters. In addition to lower costs, the country boasts pedigreed suppliers and craftspeople well-versed in traditional techniques.
Proenza Schouler Founders to Design LVMH’s Loewe
American designers Jack McCollough and Lazaro Hernandez will take the creative reins of the Spanish brand, which grew estimated annual revenues to more than $1.5 billion during Jonathan Anderson’s transformative tenure.
Proenza Schouler Founders to Design LVMH’s Loewe
American designers Jack McCollough and Lazaro Hernandez will take the creative reins of the Spanish brand, which grew estimated annual revenues to more than $1.5 billion during Jonathan Anderson’s transformative tenure.
Did Fashion Learn Anything from Covid?
Many in the industry vowed early in the pandemic to slow down, reduce waste and implement change. Somehow, we wound up right back where we started, writes Imran Amed.
Did Fashion Learn Anything from Covid?
Many in the industry vowed early in the pandemic to slow down, reduce waste and implement change. Somehow, we wound up right back where we started, writes Imran Amed.
Richard Mille and Ferrari Bucked Luxury’s Slowdown. Now They’re Releasing a $1.5 Million Watch
Swiss watchmaker Richard Mille is renewing its deal with Ferrari and its F1 team. Limited quantities and savvy marketing plays have helped the brand build a $1.7 billion business—and steer clear of a downturn plaguing the luxury watch sector.
Richard Mille and Ferrari Bucked Luxury’s Slowdown. Now They’re Releasing a $1.5 Million Watch
Swiss watchmaker Richard Mille is renewing its deal with Ferrari and its F1 team. Limited quantities and savvy marketing plays have helped the brand build a $1.7 billion business—and steer clear of a downturn plaguing the luxury watch sector.
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.