Luxury news and archive

Luxury’s uneven runway: LVMH takes a tumble as rivals soar

French conglomerate LVMH, traditionally among the last to disclose its financials during the reporting season, has delivered results that not only fell short of market expectations but also lagged behind the momentum exhibited by some of its contemporaries. In contrast, Richemont, the parent company of Cartier, delivered a strong and unexpected...

Fashion

Chiuri delves into past for what could be last Dior fashion show

Paris, Jan 27, 2025 (AFP) - Italian designer Maria Grazia Chiuri delivered what industry insiders say might be her last collection for Dior on Monday, on the first day of Paris Haute Couture Week. Models with Mohawk-inspired hairstyles, adorned with feathers woven into their braids, walked the runway in retro draped skirts or short crinolines...

BusinessFeaturedMember

2025: A year of challenges for the luxury sector

Paris - A slow-to-recover Chinese market, the risk of new American taxes, and "weary" consumers: the luxury industry faces significant challenges in 2025, following a 2024 already disrupted by slowing consumption. The heady post-Covid years, when luxury groups recorded insolent double-digit growth, seem a distant memory. Major groups like Hermè...

Culture

Saks celebrates SNL legacy through retail storytelling

In a collaboration that bridges entertainment and luxury retail, Saks Fifth Avenue has transformed its flagship store windows into a nostalgic tribute to Saturday Night Live's 50-year cultural legacy, leveraging the iconic comedy show's brand equity to create a unique retail experience. The immersive installation, curated in partnership with...

RetailFeatured

Shoppers are feeling the January blues

In a sobering assessment of Britain's retail landscape, the latest British Retail Consortium (BRC) opinion consumer confidence survey reveals a nuanced picture of economic anxiety. Consumer confidence has taken a significant hit, with expectations for the state of the economy plummeting to a new low of -34 in January, a marked decline from...

BusinessFeaturedMember

Milan Men's Fashion Week navigates global turbulence and industry evolution

Against a backdrop of unprecedented global events — from devastating Los Angeles wildfires that have imperiled the city's robust retail infrastructure to a geopolitical ceasefire in the Middle East and a pivotal US presidential transition — Milan Men's Fashion Week stands at a critical juncture, demonstrating the resilience of luxury fashion...

BusinessFeaturedMember

China's luxury market: Challenges from last year to continue into 2025, ‘flattish’ performance forecasted

A new report by Bain & Company has suggested that “China’s luxury market failed to maintain its previous growth trajectory” throughout 2024, after it experienced an "unexpected and sharp deceleration that worsened throughout the year”. In the report, entitled ‘2024 China Luxury Goods Market’, it was stated that the mainland luxury market saw a...

Fashion

Jacquemus returns to Paris Fashion Week with Apple partnership

French fashion house Jacquemus, renowned for its cinematic runway presentations in countryside locales, is making a much-anticipated return to Paris Fashion Week, this time with a high-tech twist. For its upcoming collection, Jacquemus will collaborate with Apple to revolutionise the way fashion is captured and shared. In a statement on...

BusinessFeaturedMember

Slowear streamlines portfolio in strategic brand consolidation

Italian luxury group Slowear is set to consolidate its stable of specialist brands under a single umbrella, marking a significant shift in strategy for the business known for its premium casualwear. The Milan-based company, which built its reputation on high-end trousers through its Incotex line, will merge its portfolio of category brands...

Business|ANALYSE FeaturedMember

Rethinking desirability: Luxury brands face the decline of the it-bag

Within two years, purchases of luxury handbags are projected to decrease by 13.69 percent. This figure, revealed by a recent study from The Independents, highlights a radical shift: while this chic accessory was previously attributed with the power to confer a certain status, this status is no longer solely represented by an object or a price,...

BusinessFeaturedMember

Pre-owned watch market normalises after the speculative boom

Zurich – The frenzied demand for pre-owned watches has subsided, but the market continues to organise itself and grow faster than that of new watches, according to a study published on Thursday by Deloitte. The pre-owned watch market had accelerated in the wake of the Covid-19 pandemic before experiencing a sharp reversal, but remains poised for...

Business|Report FeaturedMember

Luxury industry faces headwinds: Pessimism grows amid economic pressures

After years of exceptional growth fueled by surging demand, price increases, and the dominance of megabrands, the luxury industry is facing a significant slowdown. Between 2019 and 2023, the sector achieved a 5 percent annual growth rate, driven by record profitability and strong performance in China, but by 2025, macroeconomic headwinds and...