Prada Group and EssilorLuxottica Renew Ten-Year Eyewear License
Building on an existing twenty-year partnership, Prada Group and the Franco-Italian eyewear conglomerate EssilorLuxottica have renewed their licensing agreement for ten years.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
Kering Names New CEOs at Saint Laurent and Balenciaga
The company is shaking up its executive ranks again amid sliding sales. Balenciaga chief Cédric Charbit will lead Saint Laurent, to be replaced by Gianfranco Gianangeli.
A Famed Dining Room Returns to Harrods
Harrods has revamped its Georgian restaurant, now a lavish 164-seat dining destination, continuing the department store’s legacy of retail theatre.
Exclusive: Dolce & Gabbana to Collaborate With Skims
The Italian luxury brand will bring a colourful ‘dolce vita’ aesthetic to Kim Kardashian’s shapewear label.
LVMH Moves Alexandre Arnault to Headquarters, Fuelling Succession Talk
Arnault is exiting his role at Tiffany in the conglomerate’s latest executive shakeup. He’ll become deputy CEO of the group’s wine and spirits unit, Moët Hennessy, under Jean-Jacques Guiony.
Peter Do Exits Helmut Lang
Do joined Helmut Lang in March 2023, with a goal to revive the storied house.
LVMH Would Take €800 Million Hit From France’s Planned Tax Hike
The proposal calls for a temporary increase for companies with revenue in France above €1 billion.
Every Fashion Label Wants a Beauty Brand. Is There Room for All of Them?
Amid a luxury fashion slowdown, brands are launching full beauty lines at a record pace as they jostle to find their position in a crowded market.
‘Functional Luxury’: How Rimowa Keeps Growing in a Downturn
After quadrupling sales in five years following LVMH’s acquisition, the German luggage maker is seeing continued momentum during rocky times for high-end shopping, including in China. CEO Hugues Bonnet-Masimbert says the brand is focusing on functionality and innovation, including its first push into the handbag category.
‘Functional Luxury’: How Rimowa Keeps Growing in a Downturn
After quadrupling sales in five years following LVMH’s acquisition, the German luggage maker is seeing continued momentum during rocky times for high-end shopping, including in China. CEO Hugues Bonnet-Masimbert says the brand is focusing on functionality and innovation, including its first push into the handbag category.
The Debrief | Inside Luxury’s Slowdown
Executive editor Brian Baskin and BoF luxury editor Robert Williams dive into the recent downturn in luxury sales, examining what’s behind these shifts and how top brands are grappling with changes in consumer spending.
Milanese Momentum: How The Attico Turned Buzz Into Longevity
When Gilda Ambrosio and Giorgia Tordini founded their womenswear brand in 2016, the Italian designers generated both buzz and business instantly, landing 140 stockists and an approximately 80 percent sell-through rate in their first year. Eight years on, having navigated a global pandemic and on-going economic and market uncertainty, BoF sits down with The Attico’s leaders to learn about how they built a brand with creative and commercial longevity.
Milanese Momentum: How The Attico Turned Buzz Into Longevity
When Gilda Ambrosio and Giorgia Tordini founded their womenswear brand in 2016, the Italian designers generated both buzz and business instantly, landing 140 stockists and an approximately 80 percent sell-through rate in their first year. Eight years on, having navigated a global pandemic and on-going economic and market uncertainty, BoF sits down with The Attico’s leaders to learn about how they built a brand with creative and commercial longevity.
Prada Family Has a Plan in Place to Avoid Succession Drama
With the power couple behind the luxury house in their 70s, they have prepared the groundwork for their legacy.
This Week: Burberry Goes Back to Basics, Again
When times get tough, the British brand tends to lean more heavily on its heritage. A traditionalist makeover is expected to be announced alongside what are expected to be bleak earnings on Nov. 14.
THE NEWS IN BRIEF
LVMH Bought a €50 Million Villa in Cannes for Brand Events
The conglomerate will use the 12-bedroom property to host exclusive shows and events for its companies, sources told Bloomberg.
Kering Seen Closing Property Deal in Early 2025 to Cut Debt Load
The closing of the deal could come in early 2025, as the company signaled earlier this year.
Extensive Collection of Martin Margiela Pieces Set to Go to Auction in January
Kerry Taylor and Paris-based Maurice Auction will host a sale of over 300 pieces of clothing and other items from the period between 1988 to 1994, when the designer was first breaking out in fashion.
LVMH Extends Its Bet on Luxury Hospitality With Fontenille Deal
LVMH Moët Hennessy Louis Vuitton SE has bought a stake of about 20 percent in Les Domaines de Fontenille, according to a person familiar with the transaction who declined to provide the entity’s value.
Dior Opens ‘Gold House’ in Bangkok
The French mega-label unveiled a temporary concept store in the Thai capital on Dec. 8, amid a flurry of investments in the country’s fast-growing luxury market.
LVMH Fund Invests in Norwegian Luggage Brand Db Bags
LVMH’s luxury fund has taken a minority stake in the Norwegian luggage brand Db Bags
Watches of Switzerland Shares Rise on Signs of Improving Demand
The stock climbed as much as 8.5 percent in London trading, but has still fallen 26 percent this year.