The Times Of Innovations

Saudi Arabia’s Public Investment Fund (PIF) has signaled a significant move in the retail landscape by proposing to increase its stake in Selfridges, the iconic British department store, to 50%. Currently holding a 10% interest, PIF seeks to acquire an additional 40% for a cash price of £1 million (approximately $1.3 million) from Signa’s flagship […]

Luxury brands are currently facing significant challenges amid a slowdown in consumer spending, particularly in key markets such as China. Kering, LVMH, and Hermès are preparing to release their second-quarter results, and analysts predict disappointing performances. LVMH may report a modest 3 percent growth, but this is a stark contrast to the high expectations set […]

LuisaViaRoma, the esteemed Italian retailer, has made an ambitious leap into the heart of New York City with a grand new store in the trendy NoHo neighborhood. This 16,500-square-foot flagship is not just a retail space; it’s a carefully curated experience designed to captivate the city’s fashion-savvy clientele. The store features high ceilings, sleek black […]

The BoF Podcast | Vennette Ho on the Future of Beauty M&A At The Business of Beauty Global Forum 2024, Vennette Ho, managing director and global head of beauty and personal care at Financo Raymond James, shared insights on the evolving landscape of mergers and acquisitions (M&A) in the beauty sector. Joined by Imran Amed, […]

Supreme’s business model, built on drops and scarcity, is at a critical juncture. The recent sale of the New York-based brand to French-Italian eyewear powerhouse EssilorLuxottica for $1.5 billion highlights its shifting landscape. This deal comes as a markdown from the $2.1 billion that US apparel group VF Corp. paid for Supreme in 2020. VF […]

Is Luxury Finally Set for a Sustainability Reckoning? Amid growing disillusionment with luxury brands, a series of Italian investigations linking major players like Dior and Armani to sweatshop labor is putting new pressure on the sector’s most powerful asset: brand image. MILAN, Italy — Midway through March, Italian police raided a factory complex on a […]