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.
Peter Do Exits Helmut Lang
Do joined Helmut Lang in March 2023, with a goal to revive the storied house.
Peter Do Exits Helmut Lang
Do joined Helmut Lang in March 2023, with a goal to revive the storied house.
LVMH Would Take €800 Million Hit From France’s Planned Tax Hike
The proposal calls for a temporary increase for companies with revenue in France above €1 billion.
LVMH Would Take €800 Million Hit From France’s Planned Tax Hike
The proposal calls for a temporary increase for companies with revenue in France above €1 billion.
Every Fashion Label Wants a Beauty Brand. Is There Room for All of Them?
Amid a luxury fashion slowdown, brands are launching full beauty lines at a record pace as they jostle to find their position in a crowded market.
Every Fashion Label Wants a Beauty Brand. Is There Room for All of Them?
Amid a luxury fashion slowdown, brands are launching full beauty lines at a record pace as they jostle to find their position in a crowded market.
‘Functional Luxury’: How Rimowa Keeps Growing in a Downturn
After quadrupling sales in five years following LVMH’s acquisition, the German luggage maker is seeing continued momentum during rocky times for high-end shopping, including in China. CEO Hugues Bonnet-Masimbert says the brand is focusing on functionality and innovation, including its first push into the handbag category.
‘Functional Luxury’: How Rimowa Keeps Growing in a Downturn
After quadrupling sales in five years following LVMH’s acquisition, the German luggage maker is seeing continued momentum during rocky times for high-end shopping, including in China. CEO Hugues Bonnet-Masimbert says the brand is focusing on functionality and innovation, including its first push into the handbag category.
The Debrief | Inside Luxury’s Slowdown
Executive editor Brian Baskin and BoF luxury editor Robert Williams dive into the recent downturn in luxury sales, examining what’s behind these shifts and how top brands are grappling with changes in consumer spending.
The Debrief | Inside Luxury’s Slowdown
Executive editor Brian Baskin and BoF luxury editor Robert Williams dive into the recent downturn in luxury sales, examining what’s behind these shifts and how top brands are grappling with changes in consumer spending.
Milanese Momentum: How The Attico Turned Buzz Into Longevity
When Gilda Ambrosio and Giorgia Tordini founded their womenswear brand in 2016, the Italian designers generated both buzz and business instantly, landing 140 stockists and an approximately 80 percent sell-through rate in their first year. Eight years on, having navigated a global pandemic and on-going economic and market uncertainty, BoF sits down with The Attico’s leaders to learn about how they built a brand with creative and commercial longevity.
Milanese Momentum: How The Attico Turned Buzz Into Longevity
When Gilda Ambrosio and Giorgia Tordini founded their womenswear brand in 2016, the Italian designers generated both buzz and business instantly, landing 140 stockists and an approximately 80 percent sell-through rate in their first year. Eight years on, having navigated a global pandemic and on-going economic and market uncertainty, BoF sits down with The Attico’s leaders to learn about how they built a brand with creative and commercial longevity.
Prada Family Has a Plan in Place to Avoid Succession Drama
With the power couple behind the luxury house in their 70s, they have prepared the groundwork for their legacy.
Prada Family Has a Plan in Place to Avoid Succession Drama
With the power couple behind the luxury house in their 70s, they have prepared the groundwork for their legacy.
This Week: Burberry Goes Back to Basics, Again
When times get tough, the British brand tends to lean more heavily on its heritage. A traditionalist makeover is expected to be announced alongside what are expected to be bleak earnings on Nov. 14.
This Week: Burberry Goes Back to Basics, Again
When times get tough, the British brand tends to lean more heavily on its heritage. A traditionalist makeover is expected to be announced alongside what are expected to be bleak earnings on Nov. 14.
Richemont’s China Sales Fall 27%
The Swiss luxury group, whose brands include Cartier, Vacheron Constantin and Chloé, reported six-month sales down by one percent. The group missed analysts estimates amid slowing watch sales and as demand collapsed in China.
Richemont’s China Sales Fall 27%
The Swiss luxury group, whose brands include Cartier, Vacheron Constantin and Chloé, reported six-month sales down by one percent. The group missed analysts estimates amid slowing watch sales and as demand collapsed in China.
LVMH Acquires Minority Stake in Our Legacy
The luxury conglomerate is investing in the cult Swedish menswear label through its venture capital arm, The Business of Fashion can exclusively reveal. Our Legacy has built a €40 million business, multiplying its sales five-fold in recent years.
LVMH Acquires Minority Stake in Our Legacy
The luxury conglomerate is investing in the cult Swedish menswear label through its venture capital arm, The Business of Fashion can exclusively reveal. Our Legacy has built a €40 million business, multiplying its sales five-fold in recent years.
Op-Ed | Moncler Can Keep Itself Warm With Potential Burberry Bid
With other luxury companies waiting in the wings, there may be a limited window to strike a deal to acquire the iconic British retailer.
Op-Ed | Moncler Can Keep Itself Warm With Potential Burberry Bid
With other luxury companies waiting in the wings, there may be a limited window to strike a deal to acquire the iconic British retailer.
Burberry Shares Jump on Report of Moncler Takeover Bid
Burberry’s stock jumped more than 7 percent after speculation emerged that Italian competitor Moncler could be exploring a potential acquisition of the British luxury brand.
Burberry Shares Jump on Report of Moncler Takeover Bid
Burberry’s stock jumped more than 7 percent after speculation emerged that Italian competitor Moncler could be exploring a potential acquisition of the British luxury brand.
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.