In today’s market, a notable shift is underway—a growing number of direct-to-consumer brands are emerging as fierce competitors to traditional luxury brands. These so-called “dupe” brands are capitalizing on a crucial consumer sentiment: the feeling of being priced out of luxury goods. As luxury brands cater to the ultra-wealthy and fast fashion dominates the low-end […]
Chanel To Sponsor Oxford-Cambridge Boat Race
In a significant shift for both business and brand identity, Chanel is stepping into the realm of sports sponsorship. The French luxury house has announced its title sponsorship of “The Boat Race,” a historic rowing competition between the prestigious Oxford and Cambridge universities. This event, celebrated as the UK’s oldest major sporting occasion, is set […]
In Paris, Fashion Is Betting on Art Basel’s Big Bang
PARIS – After a bustling summer marked by the Paris Olympics and the recent women’s fashion season, the city amplifies its creative energy with the much-anticipated Art Basel Paris. This year’s event marks the fair’s return to the stunning Grand Palais, now renovated, transforming it into an essential rendezvous for art and fashion enthusiasts alike. […]
This Week: Has Luxury Hit Bottom?
Once considered the epitome of success in the retail sector, luxury brands now face a tumultuous landscape, prompting questions about the future of the industry. Not long ago, luxury brands confidently announced impressive quarterly results characterized by soaring sales figures—often up by 10, 20, or even 30 percent—thanks to a surge in demand post-pandemic and […]
Michael Rider Replaces Hedi Slimane at Celine
The luxury fashion world is in a state of transition as Michael Rider is set to take over as the artistic director of Celine, following Hedi Slimane’s departure after a notable tenure. This change, which becomes effective in early 2025, signals a new chapter for the LVMH-owned brand and reflects broader shifts within the industry. […]
Announcing Eileen Fisher and Helen Kaminski
The fashion industry continues to shape not just style but also how businesses interact with customers, and this week, BoF Careers introduces two notable partners: Eileen Fisher and Helen Kaminski. These brands exemplify the blend of sustainability and luxury in a rapidly changing marketplace, presenting exciting career opportunities. Eileen Fisher, established in New York in […]
Euroitalia Acquires Moschino Beauty Brand From Aeffe
In a significant shift within the luxury beauty market, Italian fragrance powerhouse Euroitalia has successfully purchased the beauty rights of the famed Moschino brand from Aeffe for €98 million (approximately $110 million). This acquisition, announced on September 26, 2024, marks a pivotal moment for both parties involved, especially given Aeffe’s ongoing challenges with sales and […]
Hong Kong Billionaire’s Mall to Expand Luxury Space With LVMH, Prada
In the heart of Hong Kong’s Tsim Sha Tsui district, the K11 Musea mall, owned by billionaire Henry Cheng’s New World Development Co., is making significant strides in luxury retail. Amidst fluctuating economic conditions and a struggling property market, this bold investment reflects a renewed confidence in the premium segment of retail, aiming to draw […]
Chanel Buys 42 Avenue Montaigne Amid Real Estate Arms Race
In a strategic move reflecting the intense competition in the luxury retail sector, Chanel has expanded its presence on the revered Avenue Montaigne in Paris by acquiring a new property. The French fashion powerhouse purchased the building at 42 Avenue Montaigne, a prime location that solidifies its foothold in one of the world’s most prestigious […]
Hermès Stock Defensive Trade to Counter Luxury Slowdown, Exane Says
In a landscape where many luxury brands are struggling, Hermès International has emerged as a beacon of resilience, prompting analysts at BNP Paribas Exane to upgrade the luxury goods maker’s stock to an “outperform” rating. This upgrade not only reflects confidence in Hermès’s robust business model but also positions it as a defensive trade option […]