In a significant reshuffle at LVMH Moët Hennessy Louis Vuitton, Alexandre Arnault, one of the billionaire founder Bernard Arnault’s sons, is returning to the luxury conglomerate’s Paris headquarters after serving as Executive Vice President of Product and Communications at Tiffany & Co. This change marks a new chapter for both Alexandre and the company as […]
### LVMH’s Sophie Brocart Heads to Chanel in New Sustainability Role
Sophie Brocart’s transition from LVMH to Chanel marks a significant moment in the luxury fashion sector, reflecting a growing commitment to sustainability within high-end brands. As former CEO of Patou, since 2018, Brocart has played a crucial role in revitalizing the brand under designer Guillaume Henry. Now, her new position at Chanel focuses on creating […]
Moncler Not in Talks to Take Over Burberry, Sources Say
In recent days, the luxury fashion industry has been buzzing with speculation surrounding a possible takeover of Burberry by Italy’s Moncler. However, insiders have now clarified that Moncler is not in discussions to acquire the British luxury brand, as reported by multiple sources. This clarification comes after a dramatic roller-coaster for Burberry’s stock, which saw […]
Prada Family Has a Plan in Place to Avoid Succession Drama
The luxury fashion industry faces heightened scrutiny as leadership transitions loom on the horizon. One household name navigating these choppy waters is Prada SpA, seamlessly shifting power within the family while securing its future in an increasingly competitive market. With Miuccia Prada and Patrizio Bertelli, the couple credited with transforming a humble leather shop in […]
This Week: Burberry Goes Back to Basics, Again
In an industry where innovation often overshadows tradition, Burberry stands out for its resolute return to its roots during challenging times. With the appointment of new CEO Josh Schulman, the British luxury brand is expected to announce a shift towards its core offerings—trench coats, check patterns, and other identity-defining elements. This strategic move is anticipated […]
Richemont’s Sales in China Fall 27%
The Swiss luxury group Richemont, known for its prestigious brands like Cartier and Vacheron Constantin, has reported a notable decline in its sales, particularly in the key market of China. The company’s six-month sales fell by one percent overall, with sales in China, Hong Kong, and Macau plummeting by an alarming 27 percent from the […]
Moncler’s Potential Bid for Burberry: A Strategic Move in the Luxury Market
As temperatures drop across Europe, the luxury fashion landscape heats up with anticipation regarding a potential acquisition bid by Moncler SpA for the iconic British brand, Burberry Group Plc. This rumored move suggests a decisive strategic pivot within the high-end retail sector, particularly as competitors keep a close watch on developments in this space. Moncler, […]
TikTok’s Favourite Sunscreen Brand Pushes Further Into the US
The influence of social media on consumer behavior continues to rise, and nowhere is this more evident than in the world of skincare. A prime example is Beauty of Joseon, a South Korean skincare brand that has taken TikTok by storm. With influencers calling its Relief Sun: Rice + Probiotics sunscreen a “ride-or-die” product, it’s […]
A First-Day Agenda for Estée Lauder’s New CEO
Stéphane de La Faverie, the incoming CEO of Estée Lauder Companies, has inherited a complex set of challenges that require urgent attention and strategic vision. The company recently revealed a 4% decline in net sales for its first quarter, resulting in a total of $3.36 billion, and a concerning 11% drop specifically from the Chinese […]
Next Launches Luxury E-Commerce Site ‘Seasons’
UK retail giant Next has recently made a significant move in the luxury online shopping sector with the launch of Seasons, a dedicated e-commerce platform aimed at high-end brands. This initiative comes in the wake of various challenges faced by established luxury e-tailers, such as the collapse of Matches Fashion and the consolidation seen in […]