The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
Carlos Alcaraz, the world’s top-ranked men’s tennis player, has been named Louis Vuitton’s newest ambassador, the brand announced Wednesday.
The 20-year-old Spaniard and US Open champion joins an increasing number of athletes signed by luxury brands to help broaden their appeal and boost sales among new audiences.
In May last year, Gucci tapped Manchester City footballer Jack Grealish for an ambassador role, while Burberry announced a deal with Korean footballer Son Heung-min the following month. Dior hired the French World Cup winner Kylian Mbappé as a global brand ambassador in 2021.
Louis Vuitton is no stranger itself to working with athletes, with Japanese-American tennis star Naomi Osaka as a house ambassador as of 2021. The brand also cast Cristiano Ronaldo and Lionel Messi in a viral campaign ahead of last year’s World Cup in Qatar.
ADVERTISEMENT
Learn more:
Why Luxury Brands Want in on Football
Despite the rocky history between fashion and football, luxury brands from Moncler to Dior are looking to benefit from the cultural power and global audience of the world’s most popular sport.
The management shakeup was announced as the Cartier owner reported mixed sales results including an unexpected turnaround in the US.
CEO Daniel Lalonde hopes to stand out from competitors in the luxury design segment by spotlighting the group’s most recognisable brands.
Former Louis Vuitton CEO Michael Burke is stepping back from overseeing LVMH’s sprawling Fashion Group just four months after he was named the unit’s chief executive, BoF has learned.
Mytheresa on Wednesday reported another quarter of standout growth in an otherwise dreary luxury e-commerce sector amid reports that the German e-tailer is considering going private and acquiring Net-a-Porter.