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.
Exclusive: Diane von Furstenberg Inks Distribution Deal With Zalando
The iconic American dress brand is trading traditional wholesale for exclusive deals with regional giants as part of its revamp strategy. ‘I had to take back control of business, but do it in an unconventional way,’ von Furstenberg said.
Exclusive: Diane von Furstenberg Inks Distribution Deal With Zalando
The iconic American dress brand is trading traditional wholesale for exclusive deals with regional giants as part of its revamp strategy. ‘I had to take back control of business, but do it in an unconventional way,’ von Furstenberg said.
Swiss Watch Exports Could Dwindle to 12 Million Units As High-End Shift Accelerates
'Big Four' watchmaking brands Rolex, Patek Philippe, Audemars Piguet and Richard Mille all grew last year, Morgan Stanley’s annual report said. But less sought-after names including Tudor, LVMH’s Hublot, Swatch’s Longines and Breguet all registered steep declines.
Swiss Watch Exports Could Dwindle to 12 Million Units As High-End Shift Accelerates
'Big Four' watchmaking brands Rolex, Patek Philippe, Audemars Piguet and Richard Mille all grew last year, Morgan Stanley’s annual report said. But less sought-after names including Tudor, LVMH’s Hublot, Swatch’s Longines and Breguet all registered steep declines.
Hermès Sales Accelerate, Raising Hopes for China Turnaround
The leather goods powerhouse reported revenue up 18 percent at year-end. Sales picked up in China, whose sluggish economy has weighed on luxury brands. ‘We see positive signs, but not enough to definitively call it a turnaround,’ chief executive Axel Dumas said.
Hermès Sales Accelerate, Raising Hopes for China Turnaround
The leather goods powerhouse reported revenue up 18 percent at year-end. Sales picked up in China, whose sluggish economy has weighed on luxury brands. ‘We see positive signs, but not enough to definitively call it a turnaround,’ chief executive Axel Dumas said.
Moncler Shares Surge, Boosted by Recovery in China
Moncler Group’s full-year revenues rose 7 percent to €3.11 billion ($3.42 billion), the company announced Thursday.
Moncler Shares Surge, Boosted by Recovery in China
Moncler Group’s full-year revenues rose 7 percent to €3.11 billion ($3.42 billion), the company announced Thursday.
Miu Miu Names New CEO Silvia Onofri As Design Director Decamps to Versace
Prada’s ‘little sister’ brand is seeking a soft landing after a period of explosive growth. In addition to chief executive Benedetta Petruzzo’s exit, design director Dario Vitale has recently left the brand.
Miu Miu Names New CEO Silvia Onofri As Design Director Decamps to Versace
Prada’s ‘little sister’ brand is seeking a soft landing after a period of explosive growth. In addition to chief executive Benedetta Petruzzo’s exit, design director Dario Vitale has recently left the brand.
How Brunello Cucinelli Got Into the Wine Business
The Italian fashion mogul is betting customers will be willing to pay $400 a bottle for an exclusive red wine rooted in a ‘higher purpose.’
How Brunello Cucinelli Got Into the Wine Business
The Italian fashion mogul is betting customers will be willing to pay $400 a bottle for an exclusive red wine rooted in a ‘higher purpose.’
Mytheresa’s Profits Soar Ahead of Its YNAP Acquisition
The German luxury e-tailer more than doubled its adjusted earnings in its second fiscal quarter that ended in December, providing a glimpse into how it will fare once its deal to acquire its competitor, Yoox-Net-a-Porter, is approved.
Mytheresa’s Profits Soar Ahead of Its YNAP Acquisition
The German luxury e-tailer more than doubled its adjusted earnings in its second fiscal quarter that ended in December, providing a glimpse into how it will fare once its deal to acquire its competitor, Yoox-Net-a-Porter, is approved.
Can Kering Bounce Back From Its ‘Annus Horribilis’?
The French group said it would close 50 stores to adapt to a slower market after fourth-quarter sales at flagship Gucci plunged 24 percent.
Can Kering Bounce Back From Its ‘Annus Horribilis’?
The French group said it would close 50 stores to adapt to a slower market after fourth-quarter sales at flagship Gucci plunged 24 percent.
The Problems With Gucci and Dior
After recently doubling their sales in less than five years, LVMH’s Dior and Kering’s Gucci are both facing serious headwinds, but their predicaments are as different as they are similar, writes Luca Solca.
The Problems With Gucci and Dior
After recently doubling their sales in less than five years, LVMH’s Dior and Kering’s Gucci are both facing serious headwinds, but their predicaments are as different as they are similar, writes Luca Solca.
This Week: The Super Bowl; Gucci at a Crossroads
Expectations are low for the struggling luxury mega brand, as parent Kering reports fourth-quarter results.
This Week: The Super Bowl; Gucci at a Crossroads
Expectations are low for the struggling luxury mega brand, as parent Kering reports fourth-quarter results.
Why Luxury Is Broken
The sheer number of changes at the top of big brands this week is a sign the industry is still searching for a way out of its current troubles.
Why Luxury Is Broken
The sheer number of changes at the top of big brands this week is a sign the industry is still searching for a way out of its current troubles.
How Hotels Became Fashion’s Most In-Demand Partner
In a fresh wave of collaborations, fashion and beauty brands are creating merch for top hotels that goes far beyond gift shop merchandise.
How Hotels Became Fashion’s Most In-Demand Partner
In a fresh wave of collaborations, fashion and beauty brands are creating merch for top hotels that goes far beyond gift shop merchandise.
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.