The Savigny Luxury Index fell a further 3.8 percent this month. The outlook for the luxury goods sector darkened as disappointing results from industry leader LVMH showed how the strong euro and political protests in Hong Kong were curbing spending and hitting profits.
Despite its traditional codes, rituals and gender divisions, couture is modernising. But is modernisation at odds with its role as a creative laboratory for dreams?
PARIS, France — Fashion designers and architects are very different animals, but their eye for form and sculpture is the same, which may be why Karl Lagerfeld drew influence from the pioneering architect Le Corbusier for Chanel's Fall/Winter 2014-2015 collection presented on Tuesday.
LONDON, United Kingdom — Today, BoF brings you the next instalment of “When They Were Kids,” a cartoon series depicting fashion figures as children, created by our friend Fashion Cartoonist.
BoF founder and editor-in-chief Imran Amed looks back at the Autumn/Winter 2014 season.
PARIS, France — Peter Philips has been appointed creative and image director of Christian Dior makeup, effective immediately, the company announced.
BEIJING, China — Lisa Yan is the new face of the Chinese luxury consumer: female and fashion-forward. The 26-year-old finance saleswoman checks social media daily to see what celebrities or friends are wearing. She wears Burberry coats, alternates between a light blue Valentino bag and a black Dolce & Gabbana one for work, and reads magazines such as Vogue.
HONG KONG, China — Wealthy Chinese are likely to buy fewer luxury goods again this year after the steepest cut-back on spending in at least five years, changing the game for high-end retailers like Louis Vuitton which have staked their growth on China.
As fashion’s production merry-go-round whirls ever faster, the role of the runway is changing. Today, courtesy of British Vogue, Sarah Harris examines the state of the fashion show in the digital age.
Uncertain expectations over Christmas trading amidst mixed retail signals led many institutional investors to take their profit before closing their books at year-end. Meanwhile, the travel retail channel continues to surge and M&A activity remains buoyant, reports Pierre Mallevays of Savigny Partners.
PARIS, France — Luxury brands are stepping up the battle for travelling shoppers with more outlets at airports and on cruise ships, tapping into one of the fastest growing sections of the market that looks set to keep booming thanks to soaring numbers of Asian tourists.