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 […]
How Prestige Beauty Customers Define Value Today
How Prestige Beauty Customers Define Value Today The landscape of the prestige beauty industry is constantly evolving, driven by the ever-changing expectations and preferences of consumers. At The Business of Beauty Global Forum 2025, Mary Carmen Gasco-Buisson, the CEO of Unilever Prestige, shed light on how customers are redefining the concept of value in the […]
Why Chanel Is Getting Into the Recycling Business
Why Chanel Is Venturing Into the Recycling Business The fashion industry has been under increasing scrutiny for its environmental impact, with fast fashion being one of the biggest culprits. In response to this growing concern, Chanel, the French luxury giant known for its iconic handbags and timeless fashion, is making a bold move into the […]
Resale Welcomes a Wave of ‘Tariff-ied’ New Customers
Resale Welcomes a Wave of ‘Tariff-ied’ New Customers The current economic landscape, shaped by tariff-induced uncertainty, has brought about a significant shift in consumer behavior. As the trade tensions continue to escalate, an increasing number of customers are turning towards resale businesses in search of value and quality. This trend has sparked a newfound interest […]
The BoF Podcast | Why Craft is the Soul of True Luxury
The BoF Podcast | Why Craft is the Soul of True Luxury Craftsmanship has always been at the heart of true luxury, adding a touch of uniqueness, heritage, and soul to every piece. In a recent episode of the BoF Podcast from BoF CROSSROADS 2025, Mexican designer Carla Fernández and Tunisian entrepreneur Kenza Fourati delved […]
Temu Ditches Chinese Imports Model to Avoid Trump’s Tariffs
Temu Shifts Strategy to Focus on Local Merchants Amidst Tariff Uncertainty As the trade war between the United States and China continues to escalate, many companies are feeling the pressure of rising tariffs and uncertain trade policies. One such company, Temu, has made a bold decision to shift its business strategy in response to these […]
Luxury Sneakers Lose Their ‘It’ Status
Luxury Sneakers Lose Their ‘It’ Status The fashion world is constantly evolving, with trends coming and going at a rapid pace. Just a few years ago, luxury sneakers were the epitome of chic, coveted by fashionistas and influencers alike. Brands like Balenciaga, Gucci, and Louis Vuitton capitalized on the athleisure trend, creating high-end sneakers that […]
The Philosophy Behind Lemaire’s $100 Million Ascent
The Philosophy Behind Lemaire’s $100 Million Ascent In the fast-paced world of fashion, where trends come and go like the wind, one Paris-based label has managed to carve out a unique niche for itself by staying true to its core philosophy. Lemaire, known for its androgynous and utilitarian designs, has seen a remarkable rise in […]