The BoF Podcast | Discussing Why India Will Not Be The Next China for Luxury In a recent installment of The Business of Fashion (BoF) Podcast, Ravi Thakran offered a compelling analysis on why India is unlikely to replicate China’s trajectory in the luxury market. This insightful conversation, which took place at BoF VOICES 2024, […]
Jewellery-Shipper Ferrari Group’s IPO Seeks Up to €205 Million
Jewellery-Shipper Ferrari Group’s IPO Seeks Up to €205 Million Jewellery shipping has never been as glamorous as when Ferrari Group enters the scene. The luxury logistics company, known for its impeccable handling of high-end items like diamonds, watches, and of course, jewellery, is making waves in the industry with its upcoming Initial Public Offering (IPO) […]
Versace Parent Capri Says Turnaround to Take a Year
Versace Parent Capri Says Turnaround to Take a Year Capri Holdings, the parent company of renowned fashion houses Michael Kors, Versace, and Jimmy Choo, has recently announced that it anticipates a year-long turnaround to restore its financial standing. Despite the high expectations surrounding the luxury brands under its umbrella, Capri Holdings foresees fiscal 2025 revenue […]
De Beers CEO Says US Diamond Demand Shows Signs of Recovery
De Beers CEO Says US Diamond Demand Shows Signs of Recovery The diamond industry, often regarded as a symbol of luxury and enduring love, has faced turbulent times in recent years. The COVID-19 pandemic dealt a severe blow to an already struggling market, with diamond prices plummeting and demand dwindling. However, there seems to be […]
Why Dior Needs a Change
Why Dior Needs a Change The fashion industry is no stranger to change, with designers often coming and going, leaving their mark on iconic brands. Recently, the news of Kim Jones exiting Dior, followed by speculations of Maria Grazia Chiuri potentially following suit, has stirred up conversations about the future of the renowned fashion house. […]
Kering Sells Italian Luxury Outlets to Alleviate Debt
Kering Sells Italian Luxury Outlets to Alleviate Debt In a strategic move to alleviate debt and streamline its operations, the French luxury conglomerate Kering has recently announced the sale of its Italian luxury outlets. This decision is expected to bring in a substantial sum of €350 million, further solidifying Kering’s position in the ever-competitive luxury […]
Bernard Arnault Sees Optimism in US After Attending Trump Inauguration
Bernard Arnault Sees Optimism in US After Attending Trump Inauguration Bernard Arnault, the chairman and CEO of LVMH, one of the world’s leading luxury goods companies, recently made headlines for his observations on the economic climates of the United States and France. Arnault, who attended the inauguration of former President Donald Trump, noted a stark […]
Jewellery-Shipper Ferrari Group Kicks Off Amsterdam IPO Plans
Jewellery-Shipper Ferrari Group Kicks Off Amsterdam IPO Plans The renowned Jewellery-Shipper Ferrari Group has set sail on an exciting new venture as it announces its plans for an initial public offering (IPO) in Amsterdam. With a valuation of more than $1 billion on the horizon, according to a report by Bloomberg, the luxury goods company […]
Op-Ed | Why Luxury Needs Trump
Op-Ed | Why Luxury Needs Trump Bernard Arnault’s recent appearance at the US President’s inauguration might have sparked controversy and surprise among the public. Still, for the Chairman of LVMH, the world’s leading luxury goods company, it was a strategic business move. In the realm of high-end fashion and luxury brands, the intersection of politics […]
The Future of ‘Made in Italy’: ‘Many Factories Will Disappear’
The Future of ‘Made in Italy’: ‘Many Factories Will Disappear’ Italy has long been synonymous with luxury and quality in the world of fashion and design. The label “Made in Italy” carries prestige and tradition, representing craftsmanship and excellence. However, recent trends indicate a challenging road ahead for the country’s manufacturing sector. In the first […]