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.
The Rise of the Indigenous Model
The four years since Quannah ChasingHorse was discovered by a Calvin Klein scouting director have seen a wave of Native talent appear on magazine covers and in high-profile shows. But for an industry that’s coasted on lazy depictions of Indigenous culture, old habits die hard.
The Rise of the Indigenous Model
The four years since Quannah ChasingHorse was discovered by a Calvin Klein scouting director have seen a wave of Native talent appear on magazine covers and in high-profile shows. But for an industry that’s coasted on lazy depictions of Indigenous culture, old habits die hard.
Jonathan Anderson, Simone Rocha and Grace Wales Bonner Take Top Prizes at the BFC’s Fashion Awards 2024
Tom Ford, Remo Ruffini, Tyler Mitchell, Alex Consani and A$AP Rocky were also honoured for their contributions to the industry.
Altuzarra Founder Joseph Altuzarra to Step Into CEO Role
The brand’s CEO of five years, Shira Sue Carmi, will step down on Dec. 31; longtime chief operating officer Marta Lastra — recently promoted to president — will work closely with the designer to lead the company.
This Week: Chanel Under the Microscope
The French couture and beauty giant will stage a major show in Hangzhou on Dec. 3, amid a severe slowdown in luxury demand and signals that a new designer will soon be announced.
The BoF Podcast | The Great Luxury E-Commerce Reckoning
Mytheresa CEO Michael Kliger and Moda Operandi co-founder Lauren Santo Domingo joined BoF founder and CEO Imran Amed at BoF VOICES 2024 to share their insights on the future of luxury e-commerce.
Fixing Luxury’s Value for Money Problem
As consumers sober up from post-pandemic exuberance and luxury’s value proposition faces increased scrutiny, brands need to take action on creativity, quality and pricing, writes Luca Solca.
Can Mytheresa Keep Its Place at the Top of Luxury E-Commerce in 2025?
Ahead of his company’s deal to acquire Yoox-Net-a-Porter, Mytheresa CEO Michael Kliger opens up about what it takes to be a leader in online luxury and his expectations for the year to come in the BoF-McKinsey State of Fashion 2025.
Can Mytheresa Keep Its Place at the Top of Luxury E-Commerce in 2025?
Ahead of his company’s deal to acquire Yoox-Net-a-Porter, Mytheresa CEO Michael Kliger opens up about what it takes to be a leader in online luxury and his expectations for the year to come in the BoF-McKinsey State of Fashion 2025.
How to Sell Jewellery Like Fine Art
At the inaugural Joya fair in Monaco last week, two former art gallerists aimed to defy luxury’s current malaise with avant-garde jewellery propositions sold with a curated, high-culture approach.
Luxury’s Pricing Reality Check
Value for money matters, even at high-end brands. This week, Mulberry joined Burberry and Capri in admitting rampant price inflation has contributed to a collapse in demand. Will others follow suit?
The BoF Podcast | Jacquemus: A Coming of Age Story
The designer joined BoF founder and CEO Imran Amed at BoF VOICES 2024 to share how he has built a successful independent business in a competitive environment and his plans for the future as well as settle some of the rumours and speculation.
Via Montenapoleone Becomes World’s Most Expensive Shopping Strip
The Milanese street has overtaken New York’s Fifth Avenue as the world’s most expensive retail real estate, with rents soaring above €20,000 per square metre.
LVMH’s Antoine Arnault Reveals Plans for Paris Football Club
The family behind luxury's biggest conglomerate aims to turn Paris FC into a formidable rival to Paris Saint-Germain, investing significantly in the second-tier football club alongside Red Bull.
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.