Saks Owner Hudson’s Bay Initiates Store Liquidation Process Amid Restructuring Efforts The retail industry has been facing unprecedented challenges in recent years, with the pandemic exacerbating the struggles of many traditional brick-and-mortar stores. The latest casualty in this evolving landscape is Hudson’s Bay, the owner of luxury department store Saks Fifth Avenue, which has been […]
Hugo Boss Warns of Weaker Demand in US and China, Risks From Tariffs
Hugo Boss Warns of Weaker Demand in US and China, Risks From Tariffs Hugo Boss, the renowned fashion house, has recently issued a cautionary statement regarding a potential dip in consumer demand in key markets such as the United States and China. The company, known for its high-end apparel and accessories, highlighted concerns about the […]
Frédéric Arnault Named CEO of Loro Piana in LVMH Reshuffle
Frédéric Arnault Named CEO of Loro Piana in LVMH Reshuffle In a strategic move within the luxury retail giant LVMH, Frédéric Arnault has been appointed as the new CEO of Loro Piana, the renowned Italian brand known for its exquisite craftsmanship and timeless elegance. This significant reshuffle comes as the current chief of Loro Piana, […]
Golden Goose Reports Double-Digit Sales Growth in 2024
Golden Goose Reports Double-Digit Sales Growth in 2024 Golden Goose, the private equity-backed luxury sneaker maker, has recently announced a remarkable achievement – double-digit sales growth in 2024. This significant milestone comes at a time when the company is strategically focusing on maintaining its momentum in the ever-changing luxury market landscape. The brand’s decision to […]
Risky Business: Should Prada Buy Versace?
Risky Business: Should Prada Buy Versace? In the ever-competitive world of high fashion, strategic acquisitions can make or break a company’s trajectory. The latest buzz in the industry is swirling around the potential acquisition of Versace by Prada Group. While the move could undoubtedly shake up the fashion landscape, the question remains: is it a […]
Ackermann and Ford: A Deliciously Dangerous Liaison
Ackermann and Ford: A Deliciously Dangerous Liaison In the world of high fashion, collaborations can often spark a new wave of creativity and excitement among enthusiasts. The recent partnership between designer Haider Ackermann and fashion powerhouse Tom Ford has certainly set tongues wagging in the industry. Ackermann, known for his avant-garde designs and impeccable tailoring, […]
The Debrief | Can Farfetch Be Fixed?
The Debrief | Can Farfetch Be Fixed? Farfetch, the online luxury fashion platform, has been a prominent player in the e-commerce industry for quite some time. However, recent changes in ownership have sparked discussions about the company’s future and its potential for revival. Executive Editor Brian Baskin and Senior Correspondent Sheena Butler-Young recently sat down […]
Worldview: Would Western Brands Return to Post-Sanctions Russia?
Worldview: Would Western Brands Return to Post-Sanctions Russia? With the recent news of luxury brands making strategic moves in various global markets, the question arises: Would Western brands consider returning to post-sanctions Russia? The geopolitical landscape has seen its fair share of shifts in recent years, with sanctions impacting various industries, including fashion and retail. […]
Are Indian Tourists Luxury’s Next Big Opportunity?
Are Indian Tourists Luxury’s Next Big Opportunity? In recent years, there has been a noticeable shift in the travel patterns of Indian tourists. More and more Indians are choosing to travel to international destinations with a specific focus on shopping for luxury goods. This trend presents a significant opportunity for luxury brands around the world. […]
Luxury Slump Hits Shop Openings Across Europe’s Toniest Streets
Luxury Slump Hits Shop Openings Across Europe’s Toniest Streets In the realm of high fashion, the allure of luxurious storefronts along Europe’s most exclusive streets has long been a symbol of prestige and opulence. However, a notable shift has been observed in the retail landscape, signaling a significant change in the industry’s trajectory. Fashion’s biggest […]