Some luxury labels are discounting their products to an unprecedented degree in China, reflecting a growing panic over unsold inventory as local consumers pull back …
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Luxury
Swatch Shakes Up Executive Committee as Luxury Slowdown Persists
Swatch Group AG is shaking up its executive management committee just months after the watch and jewellery maker faced investor calls for improved corporate governance. …
Op-Ed | The Myth of Ethical Luxury
According to LVMH’s head of image and sustainability Antoine Arnault, luxury is “sustainable by nature.” It’s a common message within the industry, where high prices …
LVMH Lines Up Next CFO as Luxury Empire’s Succession Stakes Grow
LVMH has chosen an eventual successor to its long-time chief financial officer as billionaire Bernard Arnault prepares a new generation of leaders to steer the …
The BoF Podcast | Gucci Westman and David Neville on Creating a Luxury Beauty Brand That Lasts
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Luxury E-Commerce: Who’s Surviving and Why
Last November, while much of the luxury e-commerce sector was in free fall, Mytheresa’s chief executive, Michael Kliger, seemed sanguine. In the quarter ended Sept. …
Luxury Stocks Fall as Chanel Hints at Tougher Times to Come
Luxury stocks took a hit in Europe Wednesday after Chanel warned that the industry is set for more difficult times and analysts said they see …
Chanel Defies Luxury Slowdown As Annual Sales Surge to $20 Billion
Chanel’s revenues rose 16 percent excluding currency shifts to $19.7 billion in 2023, the French luxury house said Tuesday. Price increases drove up sales by …
Luxury Retailers Hope For Boost in London, Milan as Shoppers Avoid Paris Olympics
Luxury retailers in European cities outside France are jockeying for business from deep pocketed tourists this summer, betting on a surge in visitors avoiding crowds …
Burberry’s Biggest Bear Sees Luxury Stock Falling to 2010 Levels
Burberry Group Plc’s biggest bear just became even more negative on the stock following Wednesday’s lacklustre results from the British luxury firm. UBS Group AG …
The Start-Ups Defying the Luxury E-Commerce Slump
Last autumn, as marquee luxury e-tailers Farfetch and Matches scrambled to secure additional funding in order to avoid bankruptcy, a newer luxury marketplace was facing …
This Week, Luxury Retail’s Next Chapter Takes Shape
After months of industry chatter, a pair of mergers may soon reshape the luxury retail landscape, both online and off. Richemont is reportedly making progress …
Op-Ed | How Long Will the Luxury Myth Last?
So far, the 21st Century has been good to “big luxury” players. The Great Recession in the late 2000s threw luxury brands a curveball. But …
The most expensive luxury shoes owned by fashionista BTS J-Hope
K-Pop juggernaut BTS member Jung Hoseok, better known as J-Hope or Hobi, is often regarded as the boyband’s most fashionable member. The BTS rapper is …
Prada Heir Says Italian Luxury Group Is Open to Doing More M&A
Prada is prepared to evaluate acquisitions as candidates arise in the luxury sector, according to Lorenzo Bertelli, heir to the Italian billionaire family. “We have …
Blake Lively’s ‘Quiet Luxury’ Manicure Is 2024’s Biggest Nail Trend So Far
For a split second, you might have thought it was Serena van der Woodsen making a splash on the Manhattan social scene. But this wasn’t …
Op-Ed: Should a Luxury Group Buy De Beers?
A diamond is forever. But perhaps not for De Beers’ owner Anglo American Plc. Facing a $39 billion bid from mining giant BHP Group Ltd, …
Op-Ed: Should a Luxury Group Buy De Beers?
A diamond is forever. But perhaps not for De Beers’ owner Anglo American Plc. Facing a $39 billion bid from mining giant BHP Group Ltd, the …
‘Quiet Luxury’ Fashion Trend 2024
Between the muted elegance of Gwyneth Paltrow’s courtroom outfits and the exquisite taste of Sofia Richie’s old-money style, a new trend has emerged for an …
Top 16 Best Quiet Luxury Brands for Women
In the realm of fashion, luxury is no longer synonymous with gaudy logos and ostentatious designs. There’s been a noticeable shift towards “quiet luxury“, a …