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Burberry’s 15-year stay in FTSE 100 nears end after share slump
Burberry Group Plc is on the verge of exiting the FTSE 100 Index, ending the luxury-goods maker’s 15-year stay in
Luxury
Chanel buys minority stake in cutting-edge Swiss watchmaker MBF
Chanel Ltd. is buying a minority stake in Swiss watch brand MBF in a deal that will give the independent watchmaker financial security while boosting the French fashion brand’s standing in the high horology industry.
Luxury
BFC reveals Fashion Award nominees for 2024, Jonathan Anderson up for multiple awards
The British Fashion Council announced on Tuesday the nominees for the 2024 Fashion Awards, celebrating the very best in British and international design talent, with Jonathan Anderson nominated for three awards.
Luxury
Louis Vuitton names Jude Bellingham new ambassador
Louis Vuitton has announced the appointment of football star Jude Bellingham as the latest ambassador of the French luxury maison.
Luxury
Paris sets new trend as the product placement Olympics
Winning athletes in Paris have received their medals on Louis Vuitton trays before being handed a Samsung flip phone for a selfie, heralding a new era of product placement at the Olympics that LA will build on.
Fashion
Capri Holdings "disappointed" as Versace, Kors see double-digit Q1 declines
Capri Holdings is the latest luxury giant to prove that times are tough out there. The company’s Q1 results for fiscal 2025 saw revenue falling 13.2% on a reported basis and 12.1% in constant currency.
Fashion
Olympics: Next Games will have more product placement, commercial opportunities -- IOC
From Samsung phone selfies on the podium to Louis Vuitton cases at the opening ceremony, the Paris Olympics have widened the scope for sponsors' product placement like never before, and this will continue in future.
Fashion
Coupang posts first loss since 2022 as Farfetch saps profit
Coupang Inc posted its first loss in two years, after the acquisition of unprofitable Farfetch Holdings Plc and a government regulatory fine offset strong growth in its core e-commerce business.
Fashion
LVMH's Dior lagged on supply chain disclosure, made outdated ESG claim
LVMH's second-largest fashion brand Dior was until last month behind on disclosures required by UK law about working conditions in its supply chain, and made outdated statements online of a third-party certification.
Fashion
Miss Dior opens major Harrods pop-up for August
Dior opened a pop-up boutique in Harrods on Wednesday for its Miss Dior label, an opening it referred to as “celebrating the powerful ties that have united Dior and Harrods for nearly 70 years”.
Luxury
Selfridges CEO Keith to step down, group CEO Maeder steps in
Andrew Keith is quitting as CEO of the Selfridges division of Selfridges Group with the group’s chief executive André Maeder replacing him. He’s leaving this autumn to pursue new ventures.
Luxury
Prada to open 8,000-square-feet Hong Kong store after years of downsizing
Prada SpA is renting a 8,000-square-foot store in K11 Musea, a harborfront luxury shopping mall by New World Development Co., people familiar with the matter said.
Luxury
Birkin handbag maker Hermes outshines rivals with big sales jump
Birkin-bag maker Hermes reported a 13% rise in second-quarter sales on Thursday, demonstrating the continued appetite from wealthy shoppers for its luxury handbags, even as less affluent consumers pull back.
Luxury
Burberry is hunting new chairman - report
Burberry is reportedly looking for a new chairman not long after the struggling luxury business announced it was replacing its British CEO with former Coach and Jimmy Choo chief Joshua Schulman.
Luxury
LVMH sales miss estimates as Chinese market slows
LVMH sales growth slowed in the second quarter as Chinese shoppers reined in spending on high-end fashion at home, even as demand in Western markets slightly picked up.
Luxury
Antoine Arnault opens La Maison LVMH HQ for Paris 2024 Olympics
Every nation will open a team HQ this Friday in Paris when the 2024 Olympics kicks off in the French capital, though the most desirous invite probably opened Monday evening with La Maison LVMH.
Luxury