The Strategy Behind Miu Miu’s Explosive Growth
How did Miu Miu grow by 58 percent last year? CEO Benedetta Petruzzo breaks down the plan that’s powered eye-popping acceleration in a slowing luxury market.
Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
Highlights
The Logic Behind Valentino’s Alessandro Michele Appointment
The Rome-based couture house’s bet on Rome’s most bankable design talent could help it punch above its weight.
Dries Van Noten: So Long, Farewell
But after 38 years, 150 collections and 129 shows, is it possible that the best is still to come for Belgium’s finest? In an in-depth profile, Tim Blanks explores the departing designer’s past, present and future, writes Tim Blanks.
Case Studies & Reports
Latest News & Analysis
US Court Blocks Tapestry’s $8.5 Billion Acquisition of Rival Capri
The FTC argued at an eight-day trial in New York that the merger would eliminate fierce head-to-head competition between the top two US handbag makers.
Hermès Continues to Outshine Rivals with Sales up 11.3%
The Birkin bag maker reported a hefty rise in third-quarter sales on Thursday, continuing to outperform rivals hit hard by a sharp slowdown in luxury demand.
Kering Pounded by Luxury Slowdown, Warns on Profit
Sales at the French group fell 16 percent in the third quarter as a market-wide downturn hit hard. At flagship brand Gucci, where revenue fell 25 percent, management is exploring store closures while betting on a revamped handbag programme to jump start demand.
Kering Pounded by Luxury Slowdown, Warns on Profit
Sales at the French group fell 16 percent in the third quarter as a market-wide downturn hit hard. At flagship brand Gucci, where revenue fell 25 percent, management is exploring store closures while betting on a revamped handbag programme to jump start demand.
Dior Names Bollywood Star Sonam Kapoor New Ambassador
The tie-up between the French couture giant and the Hindi film star comes as luxury executives eye India’s high growth potential.
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This Week: How Deep Will Luxury’s Downturn Go?
Following LVMH’s sales miss, Kering, Hermès and Zegna will offer further insights on how plummeting demand from China is playing out across the sector.
For LVMH, It’s a Battle for Market Share Now. Let the Games Begin
A shrinking market will require a renewed focus on creativity, greater innovation and a mindset shift among luxury leaders, writes Imran Amed.
Opening Day at Jacquemus’ First US Boutique
The Paris-based independent brand, known for its eye-popping marketing stunts, playful bags and dramatic runway shows, was met with a massive crowd for the ribbon cutting of its first stateside store in New York’s SoHo.
The BoF Podcast | How Michelle Yeoh Conquered Hollywood — and Fashion
BoF founder and editor-in-chief Imran Amed sits down with Academy Award-winning actress Michelle Yeoh to discuss her winding journey to the big screen and why fashion is finally embracing older women.
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In Paris, Fashion Is Betting on Art Basel’s Big Bang
Miu Miu, Chanel, Louis Vuitton and more have dialled up their activities around a revamped Paris art week. The event provides a window into where global creativity is headed—as well as insight to the tastes and spending habits of the world’s wealthiest culturati, Dan Thawley reports.
In Paris, Fashion Is Betting on Art Basel’s Big Bang
Miu Miu, Chanel, Louis Vuitton and more have dialled up their activities around a revamped Paris art week. The event provides a window into where global creativity is headed—as well as insight to the tastes and spending habits of the world’s wealthiest culturati, Dan Thawley reports.
Gucci’s Marketing and Communications Shakeup Continues
Chief brand officer Alessio Vannetti is the latest to leave the Italian mega-label. With sales under pressure, the brand is restructuring its operations under a new CEO.
LVMH Results Spell Trouble for Luxury Sector
Fashion revenue at the Louis Vuitton, Dior and Loewe owner fell 5 percent in the third quarter, badly missing estimates.
Alberta Ferretti Names Lorenzo Serafini Creative Director
As part of the move, Italian ready-to-wear group Aeffe will fold its Philosophy line into the Alberta Ferretti brand under Serafini’s leadership.
THE NEWS IN BRIEF
Luxury Fortunes Lose $58 Billion as Pandemic Era Splurge Ends
The fortunes of France’s luxury billionaires — Bernard Arnault, Francoise Bettencourt Meyers, and Francois Pinault — have plummeted by a combined $58 billion this year as consumer demand for high-end goods declines, particularly in China.
Mike Ashley’s Frasers Pulls Bid for Handbag Maker Mulberry
The decision comes after Mulberry turned down Frasers’ latest bid of 150 pence per share Tuesday.
Hermès Faces Slowest Quarter in Years as Luxury Woes Spread
The Birkin bag maker is expected to report its weakest quarterly revenue growth since the end of 2021 when it releases sales figures on Thursday.
Astier de Villatte Sells Majority Stake to Vesper
Founders Ivan Pericoli and Benoît Astier de Villatte will now focus on the creative direction of the Paris-based ceramics and fragrance brand.
Gatemore Seeks Watches of Switzerland Buyback, US Listing
Gatemore Capital Management has acquired a stake in Watches of Switzerland Group Plc and is urging the luxury watch retailer to implement an aggressive share buyback of £25 million to £50 million and consider a US listing.
Zegna Group’s Third Quarter Sales Fall 7 Percent
The Italian menswear group was heavily impacted by a 22% revenue drop in Greater China. Sales at the Zegna brand grew slightly while Thom Browne and Tom Ford posted double-digit declines.
Chanel to Sponsor Oxford-Cambridge Boat Race
Chanel is set to sponsor the annual rowing competition between Oxford and Cambridge universities.
Marie Leblanc Named Courrèges CEO
The former Victoria Beckham chief executive will succeed Adrien Da Maia, who led the Space Age brand’s turnaround with designer Nicolas Di Felice.