Saks Is Exploring Options for Bergdorf Goodman, WWD Reports Saks Fifth Avenue is in the spotlight once again, this time for its strategic move towards exploring options for its iconic luxury department store, Bergdorf Goodman. According to a recent report by WWD, the company is considering selling a minority stake in Bergdorf Goodman, a decision […]
At New York Fashion Week, Brands Focused on What Sells
At New York Fashion Week, Brands Focused on What Sells New York Fashion Week is not just a showcase of creativity and style; it’s also a battleground where brands fight for consumer attention and sales. In a time of uncertainty for the luxury industry, designers at the recent event have shifted their focus towards what […]
Armani’s Surprise Will, Explained
Armani’s Surprise Will: What Does It Mean for the Fashion Industry? The late Italian designer, Giorgio Armani, has left the fashion world stunned with his recent will, which outlines a significant change in the ownership structure of the iconic Armani fashion house. The mandate, revealed just this week, requires the Armani foundation to offload a […]
Ferragamo CFO La Tour Resigns, La Morgia Takes Interim Role
Ferragamo CFO La Tour Resigns, La Morgia Takes Interim Role The fashion industry is no stranger to changes in leadership, and Salvatore Ferragamo is the latest luxury brand to experience a shake-up in its executive team. Recently, the Italian luxury group announced the resignation of its CFO, Alessandro Corsi La Tour. This departure comes amidst […]
Why Everyone Suddenly Wants to Sell You a Handbag
The Rise of Handbag Collections: How New Entrants are Disrupting the Market In the ever-evolving world of fashion, handbags have always held a special place. They are not just accessories; they are statements of style, sophistication, and status. For decades, luxury brands have dominated the handbag market, with iconic names like Louis Vuitton, Gucci, and […]
Chloé’s Chief Sustainability Officer Departs
Chloé’s Chief Sustainability Officer Departs Aude Vergne, a prominent figure in the sustainability realm, recently bid farewell to Chloé after dedicating nearly a decade to the renowned luxury brand. In her role as Chief Sustainability Officer, Vergne played a pivotal part in steering the brand towards a more environmentally conscious path. One of her notable […]
The Great Fashion Reset: Can Designer Revamps Save Fashion?
The Great Fashion Reset: Can Designer Revamps Save Fashion? 2020 was a year of unprecedented challenges for the fashion industry. The global pandemic forced brands to rethink their strategies, adapt to rapidly changing consumer behavior, and find new ways to stay relevant in an increasingly digital world. In the wake of these challenges, many luxury […]
How Brands Are Taking On Quince
Rising to the Challenge: How Brands Are Competing with Quince In the ever-changing landscape of retail, one company has managed to carve out a lucrative niche for itself. Quince, the dupe retailer, has skyrocketed to success, boasting a valuation of $4.5 billion. How did this underdog manage to rise to the top? By offering consumers […]
The Most Desirable Fashion Companies to Work For in 2025
The Most Desirable Fashion Companies to Work For in 2025 As the fashion industry continues to evolve, attracting and retaining top talent has become more crucial than ever. In a recent survey conducted by BoF Careers, over 1,000 fashion professionals from around the world were asked to name the companies they would most like to […]
LVMH Slide Signals No Quick End to Big Luxury’s Malaise
LVMH Slide Signals No Quick End to Big Luxury’s Malaise The luxury industry has hit a rough patch, with LVMH, the sector bellwether, recently announcing a steep sales decline in its core fashion and leather goods division. This division is home to iconic brands like Louis Vuitton and Dior, making it a key indicator of […]