In a critical address to shareholders at Richemont’s annual general meeting, Chairman Johann Rupert emphasized the need for the luxury watch industry to reduce production in light of declining demand. This significant shift comes after years of unprecedented sales growth, particularly during the pandemic. Rupert, also the founder of this Swiss conglomerate—which includes renowned brands […]
LVMH Close to F1 Sponsorship Deal for Range of Brands
LVMH Moët Hennessy Louis Vuitton, a titan in the luxury goods sector, is on track to secure a monumental sponsorship deal with Formula One. This partnership, still in the final stages of negotiation, represents a strategic move that would not only spotlight LVMH’s prestigious brands on the global racing stage but also reshape the marketing […]
Can Off-White Get Back on Track?
In the fast-paced world of fashion, brands often navigate turbulent waters. For Off-White, a brand renowned for bridging streetwear with luxury, recent years have posed significant challenges. The unexpected death of founder Virgil Abloh, coupled with strategic missteps and market fluctuations, has left the brand striving for a revitalization strategy under the leadership of new […]
French Brand Sessùn Sells Majority Stake to Italian Fund, Eyeing International Expansion
In a significant move poised to amplify its global presence, Marseille-based fashion brand Sessùn has sold a majority stake to the Italian private equity firm Quadrivio. This transition from majority owner Experienced Capital and founder Emma François-Grasset positions Sessùn strategically to enhance its brand awareness and scale its operations, particularly outside France. Founded in 1996, […]