Ferragamo Parts Ways With CEO Marco Gobbetti Italian luxury fashion house Salvatore Ferragamo has announced the departure of CEO Marco Gobbetti next month, after just over three years at the helm. Gobbetti’s tenure was marked by challenges as the brand struggled to curb sliding sales, with shares plummeting by a staggering 66 percent during his […]
Ferragamo’s Sales Down 4% in Fourth Quarter
Ferragamo’s Sales in North America Buck the Trend, Rising 6.3% in Q4 Italian luxury fashion house Salvatore Ferragamo has recently reported a 4% decrease in sales for the fourth quarter of the fiscal year. Despite the overall dip in sales, the North American region emerged as a bright spot for the brand, with a notable […]
Louis Vuitton to Be Title Sponsor of Australian F1 GP
Louis Vuitton to Be Title Sponsor of Australian F1 GP Luxury fashion powerhouse Louis Vuitton is set to make a roaring statement in the world of motorsports as it takes on the prestigious role of title sponsor for the Australian Formula One Grand Prix. The highly-anticipated event, scheduled for March 16, will now be officially […]
In Paris, Haute Couture’s Air of Restoration
In Paris, Haute Couture’s Air of Restoration The recent couture shows in Paris have left a distinct impression of a shift towards a more traditional approach, focusing on the essence of luxury and craftsmanship rather than elaborate narratives. Renowned fashion journalist Angelo Flaccavento noted that this season’s presentations seemed to be more about catering to […]
Mulberry Wants to Make Brit Bags Cool Again
Mulberry’s Revamped Strategy: Bringing British Bags Back to the Forefront Mulberry, the iconic British luxury brand, has had its fair share of ups and downs over the years. Despite once being a beloved label known for its craftsmanship and quality, the company has struggled with dwindling profits and missed opportunities to capitalize on emerging trends. […]
Zegna Group Returns to Growth in Fourth Quarter
Ermenegildo Zegna Group Returns to Growth in Fourth Quarter Italian luxury fashion house Ermenegildo Zegna Group has made a remarkable comeback, showcasing a return to growth in the fourth quarter. This resurgence comes as a beacon of hope and resilience in the challenging landscape of the fashion industry, marking a significant milestone for the renowned […]
Chanel Cuts 70 US Jobs Warning of Challenging Luxury Environment
Chanel Cuts 70 US Jobs Warning of Challenging Luxury Environment Luxury fashion house Chanel is making tough decisions in response to the ever-changing economic landscape. The French maison has announced plans to cut 70 jobs in the United States, which accounts for approximately 2.5 percent of its workforce. This move comes as the renowned luxury […]
Valentino-Owner Mayhoola Names Riccardo Bellini as Managing Director
Valentino-Owner Mayhoola Names Riccardo Bellini as Managing Director Mayhoola, the esteemed owner of luxury fashion brands such as Valentino and Balmain, has recently appointed Riccardo Bellini as its new Managing Director. In his new role, Bellini will be entrusted with overseeing the strategy, operations, and development of the Qatari luxury group’s extensive portfolio, which not […]
Announcing Swarovski to BoF Careers
Announcing Swarovski to BoF Careers Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion and beauty talent. Swarovski, the renowned Austrian producer of luxury cut lead glass crystal, has recently joined the ranks of esteemed partners on BoF Careers. This partnership marks a significant milestone for both Swarovski […]
What’s Working in a Tough Menswear Market
Italian Menswear: Thriving Amidst Luxury Market Challenges In the realm of luxury fashion, the menswear sector has faced its fair share of challenges in recent times. However, amidst the slowdown in the luxury market, Italian menswear has emerged as a beacon of resilience and innovation. At prestigious events like Pitti Uomo and Milan Men’s Fashion […]