LVMH Shareholders Approve Extension of Bernard Arnault’s CEO Term to Age 85 In a move that has significant implications for the luxury conglomerate LVMH, shareholders voted on Thursday to adjust company bylaws, allowing the current Chairman and CEO, Bernard Arnault, to remain at the helm until he reaches the age of 85. This decision, made […]
‘Trade War TikTok’ Takes Aim at Luxury
“Trade War TikTok” Takes Aim at Luxury In the midst of the ongoing trade war between the United States and China, a new player has entered the scene: TikTok. This social media platform, known for its viral dance challenges and comedic skits, has now become a battleground for Chinese creators aiming to disrupt the luxury […]
Opinion: What Luxury Can Learn From the Art World’s Miserable Year
Opinion: What Luxury Can Learn From the Art World’s Miserable Year The year 2024 has been nothing short of tumultuous for the art world, with the market experiencing a rollercoaster of highs and lows. While sales of top-priced artworks slowed down, there was a surprising surge in demand for more accessible pieces. This shift in […]
Global Market Rout Darkens Outlook for European Luxury Labels
Global Market Rout Darkens Outlook for European Luxury Labels The world of luxury fashion is currently facing unprecedented challenges as a global market rout casts a shadow over the industry. With one Wall Street analyst predicting a potential 2 percent decline in global sales of luxury goods this year, European luxury labels are bracing themselves […]
The Logic Behind Chanel’s Boat Race Deal
The Strategic Storytelling: Decoding Chanel’s Partnership with the Boat Race Chanel, the epitome of French luxury, recently made headlines with its unexpected sponsorship of the prestigious annual Oxford-Cambridge Boat Race. While some might view this partnership as an odd pairing, digging deeper reveals a strategic move rooted in brand storytelling rather than mere exposure. Frédéric […]
The Future of Destination Shopping in Luxury Retail
The Future of Destination Shopping in Luxury Retail Luxury retail has always been synonymous with opulence, exclusivity, and a unique shopping experience. However, the landscape of luxury destination shopping is rapidly evolving, driven by changing consumer behaviors, technological advancements, and shifting market dynamics. The recent transformation of London’s iconic luxury destination, Sloane Street, stands as […]
Victoria Beckham Names Sybille Darricarrère Lunel as CEO
Victoria Beckham Names Sybille Darricarrère Lunel as CEO Victoria Beckham, the renowned fashion brand founded by the former Spice Girl turned fashion designer, has recently made a strategic move in its leadership team. The brand has appointed Sybille Darricarrère Lunel as its new Chief Executive Officer, effective July 1, 2025. This decision marks a significant […]
Jean-Christophe Babin Named CEO of LVMH Watches
Jean-Christophe Babin Takes the Lead as CEO of LVMH Watches In a strategic move that has set the luxury watch industry abuzz, LVMH has recently announced the appointment of Jean-Christophe Babin as the new CEO of LVMH Watches. This decision marks a significant shift in the leadership of the renowned conglomerate’s watch division, with Babin […]
Saks Owner Hudson’s Bay to Begin Liquidating Most Stores on Monday
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 […]