The Savigny Luxury Index lost ground in October, as consumer appetite for mega-brands continues to cool and management changes shake up the industry.
This season, brands embraced strong scripts, serious acting talent and heavy-hitting directors like never before, resulting in a crop of winning fashion films largely driven by the kind of compelling storytelling long missing from the genre. Sit back, relax and enjoy BoF’s Top 10 Fashion Films of the Season.
PARIS, France — Kering SA reported third-quarter revenue that trailed estimates as its Gucci luxury-goods brand posted the weakest growth in four years.
More than just the trendy bag of the moment, fashion backpacks are becoming a true wardrobe staple. BoF reports.
MILAN, Italy — BoF contributing photographer Sonny Vandevelde brings us backstage imagery from the Gucci, Alberta Ferretti, MaxMara, Fendi, Just Cavalli and Prada shows, held on days one and two of Milan Fashion Week.
No longer confined to the fringes of fashion, the goth aesthetic is being mined by a wider spectrum of designers, observes Eugene Rabkin.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
BEIJING, China — China will widen the scope of its consumption tax to include more luxury goods, the official Xinhua News Agency reported, a sign that some high-end brands may become more expensive for purchasers on the mainland.
MILAN, Italy — Prada SpA’s first-half sales growth fell to a third of last year’s as China luxury demand cooled amid a slowdown in the world’s second-largest economy.
The Philippines has long been overshadowed by its larger neighbours and underestimated by international fashion brands. Now the country is reporting faster economic growth than China. BoF reports.
SINGAPORE — Facing each other across Singapore’s Orchard Road shopping belt, the malls owned by Singapore Press Holdings Ltd. and Overseas Union Enterprise Ltd. have competed for shoppers. Now, they will compete for investors.
BEIJING, China —Chinese landlords are forgoing rent and paying to outfit stores for mass-market fashion brands including Zara and H&M, a bid to blunt the impact of a boom in shopping-mall construction that threatens to push up vacancies.