Tapestry Forecasts Strong Annual Profit as Coach Remains Hot
Resilient demand for Coach bags among young and affluent shoppers helped buoy the group, but weakness at Kate Spade led the company to forecast muted annual revenue.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
The BoF Podcast | Demna Takes Gucci, Versace’s New Chapter Begins
As Demna is set to become artistic director of Gucci, and Donatella Versace passes the baton to Dario Vitale after nearly three decades at the creative helm of Versace, the fashion industry is bracing for much-needed creative transformation. BoF founder and editor-in-chief Imran Amed and editor-at-large Tim Blanks unpack what this means for the wider industry.
The BoF Podcast | Demna Takes Gucci, Versace’s New Chapter Begins
As Demna is set to become artistic director of Gucci, and Donatella Versace passes the baton to Dario Vitale after nearly three decades at the creative helm of Versace, the fashion industry is bracing for much-needed creative transformation. BoF founder and editor-in-chief Imran Amed and editor-at-large Tim Blanks unpack what this means for the wider industry.
Why Gucci Picked Demna
The era-defining Balenciaga designer will take the reins of Italy’s biggest luxury brand in a surprise shakeup of parent company Kering’s creative ranks. The French group is under pressure to turn around performance after profits tumbled 46 percent last year.
Why Gucci Picked Demna
The era-defining Balenciaga designer will take the reins of Italy’s biggest luxury brand in a surprise shakeup of parent company Kering’s creative ranks. The French group is under pressure to turn around performance after profits tumbled 46 percent last year.
Dario Vitale to Succeed Donatella Versace as Chief Creative Officer of Versace
Donatella Versace will become chief brand ambassador after nearly three decades at the creative helm of the label founded by her late brother Gianni.
Dario Vitale to Succeed Donatella Versace as Chief Creative Officer of Versace
Donatella Versace will become chief brand ambassador after nearly three decades at the creative helm of the label founded by her late brother Gianni.
Frédéric Arnault Named CEO of Loro Piana in LVMH Reshuffle
The Italian brand’s current chief Damien Bertrand will become deputy CEO at Louis Vuitton. Meanwhile, Fendi’s CEO Pierre-Emmanuel Angeloglou will move to Dior.
Frédéric Arnault Named CEO of Loro Piana in LVMH Reshuffle
The Italian brand’s current chief Damien Bertrand will become deputy CEO at Louis Vuitton. Meanwhile, Fendi’s CEO Pierre-Emmanuel Angeloglou will move to Dior.
Sabyasachi, India’s Designer to Stars, Says Big Weddings Are Out of Style
The bridalwear designer is expanding his lifestyle brand with new product lines, including jewellery, beauty, and home decor, as modern brides shift toward more understated designs.
Sabyasachi, India’s Designer to Stars, Says Big Weddings Are Out of Style
The bridalwear designer is expanding his lifestyle brand with new product lines, including jewellery, beauty, and home decor, as modern brides shift toward more understated designs.
OTB Taps Simone Bellotti as Jil Sander’s Creative Director
Industry interest in Bellotti surged following a series of stand-out shows for Bally. The designer is replacing Lucie and Luke Meier, who parted ways with Jil Sander in February.
OTB Taps Simone Bellotti as Jil Sander’s Creative Director
Industry interest in Bellotti surged following a series of stand-out shows for Bally. The designer is replacing Lucie and Luke Meier, who parted ways with Jil Sander in February.
This Week: Louis Vuitton, Chanel, Miu Miu and Maybe Some News, Too
Some of the biggest and hottest luxury brands close out Paris Fashion Week, after which M&A and long-awaited designer appointments will again dominate the news cycle.
This Week: Louis Vuitton, Chanel, Miu Miu and Maybe Some News, Too
Some of the biggest and hottest luxury brands close out Paris Fashion Week, after which M&A and long-awaited designer appointments will again dominate the news cycle.
Risky Business: Should Prada Buy Versace?
Turning around the Italian icon will be a significant challenge for Prada Group and could distract top managers from scaling its core brands, but the gamble may be worth it if the price is right.
Risky Business: Should Prada Buy Versace?
Turning around the Italian icon will be a significant challenge for Prada Group and could distract top managers from scaling its core brands, but the gamble may be worth it if the price is right.
The BoF Podcast | Francesco Risso Says Fashion Should Slow Down to Find Its Magic Again
The celebrated creative director reflects on his unconventional upbringing, formative mentorship under Louise Wilson and Miuccia Prada, and why true fashion magic takes time and discipline.
The BoF Podcast | Francesco Risso Says Fashion Should Slow Down to Find Its Magic Again
The celebrated creative director reflects on his unconventional upbringing, formative mentorship under Louise Wilson and Miuccia Prada, and why true fashion magic takes time and discipline.
Can Slouchy Work Bags and a Selfie Mirror Grow Delvaux?
An installation featuring restored works by Saul Steinberg is the 200-year-old Belgian brand’s latest attempt to build present-day relevance after being purchased by Richemont in 2021.
Can Slouchy Work Bags and a Selfie Mirror Grow Delvaux?
An installation featuring restored works by Saul Steinberg is the 200-year-old Belgian brand’s latest attempt to build present-day relevance after being purchased by Richemont in 2021.
Prada Group Defies Slowdown as Young Shoppers Flock to Miu Miu
Miu Miu’s retail sales remained strong in the fourth quarter, rising 84 percent, while Prada grew by 4 percent.
Prada Group Defies Slowdown as Young Shoppers Flock to Miu Miu
Miu Miu’s retail sales remained strong in the fourth quarter, rising 84 percent, while Prada grew by 4 percent.
Versace Would Strengthen Prada But Come at a Cost
A deal would create a group with a broader base that is more resistant to business cycles, but turning Versace around could take years and hit short-term profits.
Versace Would Strengthen Prada But Come at a Cost
A deal would create a group with a broader base that is more resistant to business cycles, but turning Versace around could take years and hit short-term profits.
THE NEWS IN BRIEF
Richemont’s Panerai Brand Gets No Relief From Luxury Watch Revival
As the secondary market for timepieces rebounds, Cartier is grabbing buyer attention and there’s renewed enthusiasm around Vacheron Constantin, throwing the lack of interest in Panerai into stark contrast.
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.
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.