Richemont Elevates Jewellery Bosses in Fresh Executive Shakeup Luxury conglomerate Richemont has recently made waves in the industry with its strategic executive promotions. Catherine Renier, the mastermind behind the success of the iconic Van Cleef & Arpels jewellery brand, has been catapulted to the company’s senior executive committee. Joining her is Louis Ferla, the esteemed […]
Hermès Sales Accelerate, Raising Hopes for China Turnaround
Hermès Sales Accelerate, Raising Hopes for China Turnaround The renowned luxury brand Hermès has recently reported a significant surge in revenue, marking an 18 percent increase at year-end. This positive development has sparked optimism among investors and industry experts, particularly due to the notable sales growth in China. The country’s previously sluggish economy had been […]
The BoF Podcast | Why India Will Not Be The Next China for Luxury
The BoF Podcast | Discussing Why India Will Not Be The Next China for Luxury In a recent installment of The Business of Fashion (BoF) Podcast, Ravi Thakran offered a compelling analysis on why India is unlikely to replicate China’s trajectory in the luxury market. This insightful conversation, which took place at BoF VOICES 2024, […]
How Hotels Became Fashion’s Most In-Demand Partner
How Hotels Became Fashion’s Most In-Demand Partner In the realm of luxury and style, hotels have emerged as unexpected but highly sought-after collaborators for fashion and beauty brands. What was once a simple exchange of branded bathrobes and keychains has evolved into a sophisticated partnership, where the worlds of hospitality and high fashion seamlessly blend […]
Why Louis Vuitton Went Back to Murakami
Why Louis Vuitton Went Back to Murakami Louis Vuitton, the iconic fashion house known for its luxury and innovation, has recently made a surprising move by collaborating once again with the renowned Japanese artist, Takashi Murakami. This unexpected reunion has raised eyebrows in the fashion world and beyond, sparking discussions about the reasons behind this […]
This Week: Luxury’s Reality Check
Luxury’s Reality Check: LVMH Fourth-Quarter Results Awaited with Bated Breath Luxury conglomerate LVMH, home to prestigious brands like Louis Vuitton, Dior, and Moët & Chandon, is set to release its fourth-quarter results. The stakes are high as industry insiders eagerly anticipate whether the report will confirm signs of a rebound in the luxury sector or […]
Valentino-Owner Mayhoola Names Riccardo Bellini as Managing Director
Valentino-Owner Mayhoola Names Riccardo Bellini as Managing Director Mayhoola, the esteemed owner of luxury fashion brands such as Valentino and Balmain, has recently appointed Riccardo Bellini as its new Managing Director. In his new role, Bellini will be entrusted with overseeing the strategy, operations, and development of the Qatari luxury group’s extensive portfolio, which not […]
What’s Working in a Tough Menswear Market
Italian Menswear: Thriving Amidst Luxury Market Challenges In the realm of luxury fashion, the menswear sector has faced its fair share of challenges in recent times. However, amidst the slowdown in the luxury market, Italian menswear has emerged as a beacon of resilience and innovation. At prestigious events like Pitti Uomo and Milan Men’s Fashion […]
Report: Capri Holdings Has Pitched Prada To Acquire Versace
Report: Capri Holdings Has Pitched Prada To Acquire Versace In the fast-paced world of luxury fashion, mergers and acquisitions are not uncommon. The latest buzz in the industry involves Capri Holdings, the parent company of iconic brands like Michael Kors, Jimmy Choo, and Versace. According to a report by Italian daily Il Sole 24 Ore, […]
Kering Stock Rating Cut to ‘Sell’ as Goldman Doubts Luxury Rally
Analysts at Goldman Sachs Group Inc. have expressed serious concerns about the stability of the recent rally in luxury-goods stocks, primarily driven by stimulus measures announced in China. These analysts have downgraded Kering SA, the parent company of Gucci, to a “sell” rating, highlighting a challenging outlook for the luxury sector. Louise Singlehurst, a Goldman […]