Gen-Z Luxury Buyers Are Scanning Resale First, RealReal CEO Says
More than 80 percent of the company’s fastest-growing segment — Gen Z and Millennials — are scanning the secondary market before buying new items from luxury brands.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
The BoF Podcast | The Great Luxury E-Commerce Reckoning
Mytheresa CEO Michael Kliger and Moda Operandi co-founder Lauren Santo Domingo joined BoF founder and CEO Imran Amed at BoF VOICES 2024 to share their insights on the future of luxury e-commerce.
The BoF Podcast | The Great Luxury E-Commerce Reckoning
Mytheresa CEO Michael Kliger and Moda Operandi co-founder Lauren Santo Domingo joined BoF founder and CEO Imran Amed at BoF VOICES 2024 to share their insights on the future of luxury e-commerce.
Fixing Luxury’s Value for Money Problem
As consumers sober up from post-pandemic exuberance and luxury’s value proposition faces increased scrutiny, brands need to take action on creativity, quality and pricing, writes Luca Solca.
Fixing Luxury’s Value for Money Problem
As consumers sober up from post-pandemic exuberance and luxury’s value proposition faces increased scrutiny, brands need to take action on creativity, quality and pricing, writes Luca Solca.
Can Mytheresa Keep Its Place at the Top of Luxury E-Commerce in 2025?
Ahead of his company’s deal to acquire Yoox-Net-a-Porter, Mytheresa CEO Michael Kliger opens up about what it takes to be a leader in online luxury and his expectations for the year to come in the BoF-McKinsey State of Fashion 2025.
Can Mytheresa Keep Its Place at the Top of Luxury E-Commerce in 2025?
Ahead of his company’s deal to acquire Yoox-Net-a-Porter, Mytheresa CEO Michael Kliger opens up about what it takes to be a leader in online luxury and his expectations for the year to come in the BoF-McKinsey State of Fashion 2025.
How to Sell Jewellery Like Fine Art
At the inaugural Joya fair in Monaco last week, two former art gallerists aimed to defy luxury’s current malaise with avant-garde jewellery propositions sold with a curated, high-culture approach.
How to Sell Jewellery Like Fine Art
At the inaugural Joya fair in Monaco last week, two former art gallerists aimed to defy luxury’s current malaise with avant-garde jewellery propositions sold with a curated, high-culture approach.
Luxury’s Pricing Reality Check
Value for money matters, even at high-end brands. This week, Mulberry joined Burberry and Capri in admitting rampant price inflation has contributed to a collapse in demand. Will others follow suit?
Luxury’s Pricing Reality Check
Value for money matters, even at high-end brands. This week, Mulberry joined Burberry and Capri in admitting rampant price inflation has contributed to a collapse in demand. Will others follow suit?
The BoF Podcast | Jacquemus: A Coming of Age Story
The designer joined BoF founder and CEO Imran Amed at BoF VOICES 2024 to share how he has built a successful independent business in a competitive environment and his plans for the future as well as settle some of the rumours and speculation.
The BoF Podcast | Jacquemus: A Coming of Age Story
The designer joined BoF founder and CEO Imran Amed at BoF VOICES 2024 to share how he has built a successful independent business in a competitive environment and his plans for the future as well as settle some of the rumours and speculation.
Via Montenapoleone Becomes World’s Most Expensive Shopping Strip
The Milanese street has overtaken New York’s Fifth Avenue as the world’s most expensive retail real estate, with rents soaring above €20,000 per square metre.
Via Montenapoleone Becomes World’s Most Expensive Shopping Strip
The Milanese street has overtaken New York’s Fifth Avenue as the world’s most expensive retail real estate, with rents soaring above €20,000 per square metre.
LVMH’s Antoine Arnault Reveals Plans for Paris Football Club
The family behind luxury's biggest conglomerate aims to turn Paris FC into a formidable rival to Paris Saint-Germain, investing significantly in the second-tier football club alongside Red Bull.
LVMH’s Antoine Arnault Reveals Plans for Paris Football Club
The family behind luxury's biggest conglomerate aims to turn Paris FC into a formidable rival to Paris Saint-Germain, investing significantly in the second-tier football club alongside Red Bull.
Kering Names New CEOs at Saint Laurent and Balenciaga
The company is shaking up its executive ranks again amid sliding sales. Balenciaga chief Cédric Charbit will lead Saint Laurent, to be replaced by Gianfranco Gianangeli.
Kering Names New CEOs at Saint Laurent and Balenciaga
The company is shaking up its executive ranks again amid sliding sales. Balenciaga chief Cédric Charbit will lead Saint Laurent, to be replaced by Gianfranco Gianangeli.
A Famed Dining Room Returns to Harrods
Harrods has revamped its Georgian restaurant, now a lavish 164-seat dining destination, continuing the department store’s legacy of retail theatre.
A Famed Dining Room Returns to Harrods
Harrods has revamped its Georgian restaurant, now a lavish 164-seat dining destination, continuing the department store’s legacy of retail theatre.
Exclusive: Dolce & Gabbana to Collaborate With Skims
The Italian luxury brand will bring a colourful ‘dolce vita’ aesthetic to Kim Kardashian’s shapewear label.
Exclusive: Dolce & Gabbana to Collaborate With Skims
The Italian luxury brand will bring a colourful ‘dolce vita’ aesthetic to Kim Kardashian’s shapewear label.
LVMH Moves Alexandre Arnault to Headquarters, Fuelling Succession Talk
Arnault is exiting his role at Tiffany in the conglomerate’s latest executive shakeup. He’ll become deputy CEO of the group’s wine and spirits unit, Moët Hennessy, under Jean-Jacques Guiony.
LVMH Moves Alexandre Arnault to Headquarters, Fuelling Succession Talk
Arnault is exiting his role at Tiffany in the conglomerate’s latest executive shakeup. He’ll become deputy CEO of the group’s wine and spirits unit, Moët Hennessy, under Jean-Jacques Guiony.
THE NEWS IN BRIEF
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.
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.