In a significant move within the skincare sector, Clean Skin Club has secured $32 million in funding to propel its growth and expansion in retail. Led by Astō Consumer Partners, along with California-based Amberstone Ventures, this investment marks a pivotal moment for the brand, particularly following its successful entry into major retail outlets like Target. […]
Kering’s Balenciaga CEO Charbit Set to Lead Yves Saint Laurent
Kering SA, the luxury fashion powerhouse, is reportedly considering Cedric Charbit, the current CEO of Balenciaga, as the next leader of Yves Saint Laurent. The anticipated transition comes in the wake of Francesca Bellettini, the incumbent CEO, stepping into a more prominent role within the struggling French fashion conglomerate in 2023. This strategic move is […]
Louis Vuitton Opens Temporary NYC Flagship Store
Louis Vuitton has recently unveiled a stunning temporary flagship store on Fifth Avenue in New York City, marking a pivotal moment for the luxury brand during a three-year renovation of its original flagship location. This five-story retail space stands as an impressive replacement, featuring a unique blend of luxury retail, gastronomy, and exclusive shopping experiences. […]
LVMH Moves Alexandre Arnault to Headquarters, Fuelling Succession Talk
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, […]