Hermès

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.

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.

In Paris, leaders in talent acquisition from Chanel, Christian Dior Couture, Coty, Kering, Louis Vuitton, Rimowa and Saint Laurent among many others, attended an exclusive presentation and networking event at Hôtel Plaza Athénée.

By translating the French luxury house’s codes with a mix of rigour and rebellion, the designer has updated its vision of feminine elegance with a sportier, more body-conscious silhouette.

Shares in LVMH and Hermès are still waiting for a consumer rebound in China, writes Bloomberg’s Andrea Felsted.

As the ‘experts on the platform’, content creators on TikTok offer brands a critical means of access to the subcultures and communities that the entertainment platform typifies. BoF’s latest white paper, in partnership with TikTok, shares insights on the best practices to engage with and empower creators and communities on the platform, with examples from Coach, E.l.f. Beauty, Loewe, Marc Jacobs and many more.

The key question is whether the drop is due to a weakening economy or a shift in consumer perception towards luxury items as mere commodities.

As the fashion industry takes a breather in August, luxury brands grapple with creative leadership gaps, plummeting profits, and evolving consumer priorities, raising questions about whether current struggles signal a permanent shift in the market landscape, writes Imran Amed.

A Swiss court has dismissed Hermès heir Nicolas Puech’s claims against his former wealth manager over the alleged loss of his fortune, leaving the fate of his significant stake in the luxury brand uncertain.

Sales at the French luxury group grew to €3.7 billion ($4.02 billion), a 13 percent organic sales rise that strips out currency fluctuations.