Journalists get a lot of press releases claiming company X is “reinventing” something and company Y is doing something equally groundbreaking. For that reason, it’s easy to look at the latest Valentino/Yoox-Net-A-Porter announcement with the usual degree of scepticism.
Luxury stores need to put the brakes on their expansion plans and get used to the new reality. That’s the conclusion of a new report from Boston Consulting Group (BCG). Now, the natural response to that might be “tell me something I don’t know”. But it’s interesting. The fact is, department stores, big chains and…
Kering’s Q3 sales figures are out and what have we learned? Gucci’s doing well, no make that GREAT. And Saint Laurent is doing even better for the luxury conglomerate that’s the one to watch these days, even though it used to be a little dull compared to rival LMVH.
Global uncertainty on too many fronts is keeping the luxury market in standby mode at the moment. Even the sector’s big spenders are worrying about terrorism, the oil market, the US presidential election, Brexit, and this currency going up or that one going down. So it all adds up to tough time for the sector. Well,…
But they’ll be able to reduce their carbon footprints at Selfridges soon as the retailer is teaming up with British car firm Morgan to launch a no-emissions electric car with a “concept to retail” sustainability trail.
The luxury sector is closely watched at the moment to see who’s up and who’s down (Gucci’s up, obviously, and Prada’s down) but Chanel is usually one of those brands that just goes on and on, rising above the herd. So it says something about the state of the luxury market when even Chanel’s sales…
Michael Kors and Ralph Lauren have a headache. Their very American versions of luxury and their close links to department stores just aren’t delivering growth these days.
Is Gucci’s success a flash in the pan? Can YSL survive the shock departure of Hedi Slimane? Is Bottega Veneta still the quiet star it’s been for years? All these questions and more will be answered right here. OK, it’s not hard: the answers are ‘no’, ‘no’, and well… ‘no’. Gucci and YSL are storming…
The luxury sector is being closely watched at the moment for any signs of a recovery, or even of a further downturn. And none is more closely watched than the world’s biggest, LVMH. So what did the Louis Vuitton and Fendi owner serve up yesterday? Well first of all, a definite statement that it intends…
So LVMH is selling DKNY to G-III Apparel with G-III’s CEO calling DKNY “iconic” and LVMH’s MD saying the “time was right”. Apart from that opening sentence probably containing more initial letters than any I’ve written in my entire life, there’s no actual surprise there. The fact is that the US-based Donna Karan business never…
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