As organic sales momentum slows even more than initially expected and visibility on a potential rebound in luxury sales in China is really low, the French group is increasing its prices.
Over the summer, luxury consumption remained strong only in Japan, driven by Chinese tourism, while the Chinese cluster slowed down, the US cluster did not improve as much as expected and Europe delivered a mixed picture.
On the continent, many consumers have adopted a wait-and-see attitude, victims of “greedflation” and price increases by many brands after COVID-19 “simply because they could get away with it rather than simply because they were a reflection of inflationary pressures. Is there a glimmer of hope at the end of the tunnel for the luxury sector?
“It’s a rustic opulence,” Kors said during a preview of his spring 2025 collection, summing up a seasonal trend as only he can. The designer’s mood board featured shots of romantic Mediterranean beaches.
A Fecaloid woman, and for those who read me, a bimbo named Fecal Matter! Incredible, right? Here is the scatological letter from Madame Palatine, sister-in-law of Louis XIV, great-grandmother of Marie-Antoinette! So, you can imagine that scatological texts are not reserved solely for this new generation.
Kering said Burton would be leaving the house where she has served as creative director since 2010. Her final show for the brand will be spring 2024.
Instead of starting late like awards shows usually do, the Harlem Fashion Row Show and Style Awards got off to a brisk start Tuesday night at Grant’s Tomb, and it didn’t matter if Wintour was there or not!
Louis Vuitton sails to Barcelona for a high-tech America’s Cup. The yacht race reserved for the rich only features the fastest yachts in the world, and Louis Vuitton is there not to compete with Zara, but to perhaps fight the Puig group that organizes the Women’s America’s Cup.
it’s out after 5 years of hard work from Rabanne teams and Puig teams Million Gold fronted by the divine Gigi Hadid, to the hypnotic sound of Beyoncé Pure/Honey.
For the second year in a row, LVMH Mot Hennessy Louis Vuitton is opening a pop-up shop at the USTA Billie Jean King National Tennis Center. The pop-up will be open through September.
Betty Halbreich, died Saturday in Manhattan she was 96. In addition to her discerning eye and impeccable taste, she charmed the many celebrity and typically affluent shoppers she met regularly, as well as her colleagues, and was considered an institution at Bergdorf Goodman. A native of Chicago, Halbreich was also a best-selling author.
Sephora is cutting jobs in China, the LVMH Moët Hennessy Louis Vuitton-owned company confirmed on Wednesday. The beauty retailer, which has operated in China since 2004, is cutting its workforce by 3%, or about 120 jobs, amid a slowing economy in China, which is not a major issue for a population of 1.4 billion.
All Ted Baker UK stores will close permanently this week in the UK. Teneo administrators who oversaw the business formerly run by Ted Baker partner No Ordinary Designer Label (which collapsed earlier this year) will be responsible for closing the remaining 31 stores. But when I see the quality of my wife’s tot bag, it doesn’t really surprise me.
The idea of an actress over 70 years old continuing to work under the surgeon’s knife is a reflection of the social pressures placed on women, particularly in the fashion and entertainment industry. These pressures often emphasize the need to remain young and attractive to maintain a career, even in old age, like Diane Keaton who no one can recognize anymore.
He was fired from Dior in a row and returned to Fendi as quickly as the “Parker” probe. As such, the return of the prodigal son, to the group of the lord of lords, was predictable. And even if Baudelaire, to create, drank “l’asbtreinte”, the man from Toledo, like a good sectarian, was very wrong about him, and rather than disgracing him, he should have had him treated with his addictions, for a redemption, that everyone would have understood.
The British luxury group Burberry announced this Monday the replacement of its managing director Jonathan Akeroyd, after the publication of new “disappointing performances” from a group which has suffered for months from the slowdown in demand for high-end products.