Family owned luxury brands less exposed to made in China
When the senstiive subject of who is manufacturing in China or elsewhere actually and labelling made in France or Italy. Some brands are way more…
Category: Fashion
Hermès heir to leave $11 billion to former employee
Nicolas Puech, the 82-year-old heir to the Hermès fortune is estranged from most of the family, and is unmarried and without children. Puech’s decision stems from a…
Walmart’s 80 dollar Birkin bag knockoff sparks huge controversy
Third-party sellers on Walmart‘s website recently listed some new handbag styles and social media users were quick to point out the bags looked quite similar to the famous Hermès handbag.…
MONCLER reports double digit growth in 2024
Moncler Group surpassed sales of 3.1 billion euros in 2024 seeing growth in China as several competitors still lament a lackluster performance in that market, and with…
FERRAGAMO CEO is stepping down
Ferragamo announces CEO Marco Gobbetti is to step down from the helm of the company and the board by “mutual agreement”. The company said the board met on…
Stella McCartney buys back remaining stake from LVMH
Stella McCartney buys back the minority stake held by LVMH in the house she founded about five years after the luxury group bought it, LVMH…
Lanvin appoint Andy Lew as Executive President
Lanvin Group (NYSE: LANV) today announced that Mr. Andy Lew, CEO of St. John Knits has been appointed as Executive President of Lanvin Group, while Mr.…
Christian Lacroix acquired by Sociedad Textil Lonia
Spanish company Sociedad Textil Lonia (STL) has reached an agreement to acquire 100 per cent of Christian Lacroix, the French fashion house synonymous with 1980s…
AI-powered authenticators struggle to detect counterfeit luxury goods
Artificial intelligence still cannot compete with humans when it comes to scams, rip-off products and copycat items. Fake people can’t stop the biggest fakers of all:…
CHANEL to sponsor the iconic ‘The Boat Race’
CHANEL has signed a long-term partnership deal with the annual boat race between Oxford and Cambridge universities to become The Boat Race’s title sponsor and…
GUCCI appoints new CEO
GUCCI has appointed Stefano Cantino as new CEO, succeeding Jean-François Palus. Cantino climbed the ranks at Prada over the course of two decades, working closely with executive chairman…
LVMH partners with Moncler
LVMH and Moncler chairman and CEO Remo Ruffini announced a partnership that will reinforce Ruffini’s position as the largest shareholder of Moncler, according to a press release LVMH…
Zegna Group sales increase 6 % first half 2024
Italian luxury fashion group Ermenegildo Zegna NV was able to achieve an increase in sales in the first half of the 2024 financial year. However,…
Ralph Lauren considers venturing into luxury hotels
In a recent interview, Ralph Lauren said (about starting a luxury hotel): “It’s another business, it’s another world. Picking locations and what you want to…
Luxury brands prices increase alienates aspirational consumers
In the past years major luxury brands have been increasing prices focusing on the highest end of the market spectrum and targeting the most affluent…