The BoF Podcast | Tory Burch and Pierre-Yves Roussel on Building a Global Brand with Local Relevance In the ever-changing landscape of the fashion industry, building a global brand that resonates locally is a challenge that many designers and CEOs face. Tory Burch, the renowned designer, and Pierre-Yves Roussel, CEO, recently sat down with BoF […]
‘Trade War TikTok’ Takes Aim at Luxury
“Trade War TikTok” Takes Aim at Luxury In the midst of the ongoing trade war between the United States and China, a new player has entered the scene: TikTok. This social media platform, known for its viral dance challenges and comedic skits, has now become a battleground for Chinese creators aiming to disrupt the luxury […]
LVMH Perfumes and Cosmetics Revenue Declines 1%
LVMH Perfumes and Cosmetics Revenue Declines 1% In the ever-competitive world of luxury goods, even the giants can face challenges. Recently, LVMH, the renowned luxury conglomerate, experienced a slight dip in its Perfumes and Cosmetics division revenue. In 2025, the beauty arm of the company saw a 1% decline in revenue, a surprising turn of […]
LVMH Sales to Test Luxury Investors’ Nerves After Tariff Pain
LVMH Sales to Test Luxury Investors’ Nerves After Tariff Pain The luxury industry is facing a challenging time as the impact of tariffs continues to ripple through the market. This turmoil is evident in the luxury stocks index compiled by Goldman Sachs Group Inc., which has seen a significant drop of over $200 billion from […]
Opinion: What Luxury Can Learn From the Art World’s Miserable Year
Opinion: What Luxury Can Learn From the Art World’s Miserable Year The year 2024 has been nothing short of tumultuous for the art world, with the market experiencing a rollercoaster of highs and lows. While sales of top-priced artworks slowed down, there was a surprising surge in demand for more accessible pieces. This shift in […]
US Salon Trends Indicate Looming Recession
US Salon Trends Indicate Looming Recession The beauty industry has long been considered recession-proof, with consumers willing to invest in looking and feeling good even during tough economic times. However, recent reports from hairdressers and aestheticians in the US suggest that this trend may be changing. According to a Bloomberg report, clients are now opting […]
The Debrief | Trump’s Tariffs Change Everything
The Debrief | Trump’s Tariffs Change Everything The recent implementation of tariffs by Donald Trump has sent shockwaves through the fashion industry, impacting everything from consumer behavior to global supply chains. Sustainability correspondent Sarah Kent and luxury correspondent Simone Stern Carbone have weighed in on the far-reaching implications of this historic decision. Let’s delve into […]
Why So Many Brands Gave Up on Clothing Rental
Why So Many Brands Gave Up on Clothing Rental The concept of clothing rental has been touted as a sustainable solution to fast fashion and a way for consumers to access high-end designer pieces without breaking the bank. However, despite its initial popularity, many brands have recently decided to pull the plug on their rental […]
TikTok Shop launches in France, Germany and Italy
TikTok Shop Expands to France, Germany, and Italy: A Game-Changer in EU E-Commerce The e-commerce landscape in the European Union is witnessing a significant shift with the introduction of TikTok Shop in France, Germany, and Italy. Despite facing mounting scrutiny and industry backlash, TikTok is making bold strides by integrating an in-app shopping feature, revolutionizing […]
H&M First Quarter Sales Weaker Than Expected
H&M First Quarter Sales Weaker Than Expected Swedish fashion giant H&M recently reported that its first-quarter sales have fallen short of expectations, painting a picture of a slow start to the spring and summer season. The company disclosed that sales were only up by 1 percent in March thus far, a figure that is below […]