David Pemsel to Step Down as British Fashion Council Chairman
The UK fashion trade body has yet to name a successor.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
How Will Chanel Pick a New Designer?
Following the departure of artistic director Virginie Viard, the French couture and beauty giant will need a new creative leader — or leaders — to bring fresh energy to its cross-category pyramid of products.
How Will Chanel Pick a New Designer?
Following the departure of artistic director Virginie Viard, the French couture and beauty giant will need a new creative leader — or leaders — to bring fresh energy to its cross-category pyramid of products.
Pearls Are Undergoing a Fashion-Fuelled Revival
From Miu Miu and Pharrell Williams to skater boys on TikTok, pearls have shaken off their country-club reputation to become markers of personal style.Pearl giants Tasaki and Mikimoto and indie designers like Sophie Bille Brahe prove that jewellers are seizing the moment.
Pearls Are Undergoing a Fashion-Fuelled Revival
From Miu Miu and Pharrell Williams to skater boys on TikTok, pearls have shaken off their country-club reputation to become markers of personal style.Pearl giants Tasaki and Mikimoto and indie designers like Sophie Bille Brahe prove that jewellers are seizing the moment.
Bridal Gets Its Gen-Z Overhaul
A wide spectrum of brands, from emerging labels to mass retailers, are looking to cater to Gen-Z and Millennial brides looking for a more unconventional take on wedding wear — and multiple ensembles.
Bridal Gets Its Gen-Z Overhaul
A wide spectrum of brands, from emerging labels to mass retailers, are looking to cater to Gen-Z and Millennial brides looking for a more unconventional take on wedding wear — and multiple ensembles.
Chanel Designer Virginie Viard to Exit the Brand
Karl Lagerfeld’s successor is preparing to leave the brand, Chanel told BoF.
Chanel Designer Virginie Viard to Exit the Brand
Karl Lagerfeld’s successor is preparing to leave the brand, Chanel told BoF.
Inside Louis Vuitton’s High Jewellery Ambitions
Artistic director Francesca Amfitheatrof has forged a creative identity for Louis Vuitton’s ambitious jewellery program — whose estimated sales have reached €1 billion — by combining cutting-edge craftsmanship with an unabashed embrace of the luxury giant’s logo and codes.
Inside Louis Vuitton’s High Jewellery Ambitions
Artistic director Francesca Amfitheatrof has forged a creative identity for Louis Vuitton’s ambitious jewellery program — whose estimated sales have reached €1 billion — by combining cutting-edge craftsmanship with an unabashed embrace of the luxury giant’s logo and codes.
Exclusive: Inside De Beers’ About-Face on Lab-Grown Diamonds
This week, the gemstone giant said it would exit the fast-growing lab-grown diamond sector to focus on marketing the “unique attributes” of natural stones. Stakes are high after sales plummeted in 2023, and as owner Anglo-American explores a sale or spin-off.
Exclusive: Inside De Beers’ About-Face on Lab-Grown Diamonds
This week, the gemstone giant said it would exit the fast-growing lab-grown diamond sector to focus on marketing the “unique attributes” of natural stones. Stakes are high after sales plummeted in 2023, and as owner Anglo-American explores a sale or spin-off.
Op-Ed | Is Golden Goose Worth $3 Billion?
As it prepares to go public, the company is wooing investors as a luxury brand, but it looks more like Dr Martens, in that it’s reliant on a signature shoe style that risks falling out of fashion, argues Andrea Felsted.
Op-Ed | Is Golden Goose Worth $3 Billion?
As it prepares to go public, the company is wooing investors as a luxury brand, but it looks more like Dr Martens, in that it’s reliant on a signature shoe style that risks falling out of fashion, argues Andrea Felsted.
Golden Goose Aims to Raise €100 Million in IPO
Proceeds from an initial public offering in Milan will be used to pay down debt and fund expansion, CEO Silvio Campara said. Permira will also reduce its stake in the Italian maker of pre-distressed sneakers as part of the transaction.
Golden Goose Aims to Raise €100 Million in IPO
Proceeds from an initial public offering in Milan will be used to pay down debt and fund expansion, CEO Silvio Campara said. Permira will also reduce its stake in the Italian maker of pre-distressed sneakers as part of the transaction.
Calvin Klein Returns to the Runway
Quira founder Veronica Leoni has been named creative director of the PVH-owned brand’s “Collection” line, which was shuttered in 2018.
Calvin Klein Returns to the Runway
Quira founder Veronica Leoni has been named creative director of the PVH-owned brand’s “Collection” line, which was shuttered in 2018.
Will Dover Street Market’s Big Bet on Independent Fashion Pay Off?
The Comme des Garçons-owned retailer’s new Paris location is taking a radical — and risky — gamble on indie labels over big brand concessions at a challenging moment for the fashion market. ‘The hunger for sure is out there — I feel it,’ said CEO Adrian Joffe.
Will Dover Street Market’s Big Bet on Independent Fashion Pay Off?
The Comme des Garçons-owned retailer’s new Paris location is taking a radical — and risky — gamble on indie labels over big brand concessions at a challenging moment for the fashion market. ‘The hunger for sure is out there — I feel it,’ said CEO Adrian Joffe.
LVMH’s Fendi Names New CEO Amid Management Reshuffle
LVMH Fashion Group’s managing director Pierre-Emmanuel Angeloglou will add CEO of the Roman brand to his responsibilities, according to an internal announcement.
LVMH’s Fendi Names New CEO Amid Management Reshuffle
LVMH Fashion Group’s managing director Pierre-Emmanuel Angeloglou will add CEO of the Roman brand to his responsibilities, according to an internal announcement.
The Existential Threat to Independent Brands
This week, The Vampire’s Wife announced its closure and Dion Lee called in administrators, only days after Mara Hoffman said it was shutting down and Roksanda narrowly escaped administration. Many more may follow.
The Existential Threat to Independent Brands
This week, The Vampire’s Wife announced its closure and Dion Lee called in administrators, only days after Mara Hoffman said it was shutting down and Roksanda narrowly escaped administration. Many more may follow.
THE NEWS IN BRIEF
Dolce & Gabbana Seeks to Raise Cash in Exchange for Debt Waiver
Dolce & Gabbana is seeking to raise cash using transactions outside the Italian fashion house’s day-to-day business after banks agreed to waive terms governing its debt as demand for luxury goods stays weak.
Laopu Gold Growth Slows as Bullion Slide Hits Luxury Demand
The Chinese jewellery maker’s revenue increased 60 percent to $2.9 billion during the the six months ended June.
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.
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.