The Debrief | TikTok, Tariffs and Luxury’s Fake News Problem In the age of social media, misinformation can spread like wildfire, shaping consumer perceptions and challenging established norms. Recently, a wave of TikTok videos has fueled a concerning narrative: that luxury bags and their counterfeits are made in the same factories. This revelation has stirred […]
Saks Hires Kirkland & Ellis, PJT to Explore Financing Options
Saks Hires Kirkland & Ellis, PJT to Explore Financing Options Saks Fifth Avenue, a renowned luxury department store, has made a strategic move by enlisting the expertise of Kirkland & Ellis and PJT Partners to navigate through the complex world of financing. With economic pressures looming over the US retail sector, the decision to seek […]
BoF Masterclass | The Lifestyle Era: Luxury’s Opportunity in Home and Hospitality
BoF Masterclass | The Lifestyle Era: Luxury’s Opportunity in Home and Hospitality In the ever-changing landscape of retail and fashion, catering to consumers’ desires goes beyond what they wear. It extends into their living spaces, creating a seamless blend between personal style and home decor. The intersection of luxury, home, and hospitality presents a unique […]
This Week: The Met Gala, the Federal Reserve and a New Tariff Pain Indicator
The Met Gala Shines Bright Despite Economic Shadows As the world grapples with economic uncertainties, one event stands out as a beacon of glamour and opulence – the Met Gala. The Costume Institute’s annual fundraising gala at the Metropolitan Museum of Art in New York City is a celebration of fashion, art, and culture. Despite […]
Harrods is latest British retailer to be hit by cyber attack
Harrods Faces Cyber Attack: Another Blow to British Retailers In a string of cyber attacks targeting prominent British retailers, luxury department store Harrods has fallen victim to a hacking attempt. This incident comes in the wake of similar attacks on Marks & Spencer and the Co-op group, raising concerns about the vulnerability of the retail […]
Michael Chalhoub’s Strategic Roadmap for Chalhoub Group
Michael Chalhoub’s Strategic Roadmap for Chalhoub Group After his first 100 days as chief executive officer of Chalhoub Group, Michael Chalhoub recently shared insights on the state of luxury in the MENA region and the strategic next steps for the third-generation leader. In a discussion with Imran Amed, BoF’s founder and CEO, at BoF CROSSROADS […]
Prada Group Sales Rise 13% Ahead of Versace Acquisition
Prada Group Sales Surge by 13% Setting the Stage for Versace Acquisition In the dynamic world of fashion and luxury, the competition is fierce, and staying ahead of the game is crucial. The Prada Group seems to have mastered this art with finesse, as evidenced by its recent stellar performance. The Milanese fashion powerhouse has […]
Chanel Closes NYC Beauty Concept Boutique
Chanel Closes NYC Beauty Concept Boutique Chanel, the iconic French luxury brand, has recently made headlines in the beauty world with the closure of its Chanel Atelier Beauté shop in New York City. This unique concept boutique, which offered a range of exclusive beauty services, has reportedly been shut down since January 2025, leaving many […]
High-End Department Store Retailer Saks Launches Amazon Storefront
Saks Fifth Avenue Expands Reach with Amazon Storefront Saks Fifth Avenue, the renowned high-end department store retailer, is making waves in the e-commerce world with its recent launch of an Amazon storefront. This strategic move allows the luxury retailer to reach a broader audience and offer its upscale products to online shoppers worldwide. One of […]
De Beers Group Is Hiring on BoF Careers
De Beers Group Is Hiring on BoF Careers If you’re seeking a career in the ever-competitive fashion and beauty industry, look no further than BoF Careers. This week, a notable player has joined the platform – De Beers Group. As a renowned name in the world of luxury, De Beers Group’s presence on BoF Careers […]