Worldwide luxury-goods sales could increase this year at the slowest pace since 2009 as spending falls for the first time in China and turmoil in Hong Kong and Russia curbs tourist consumption.
With a few notable exceptions, luxury brands remain slow in building digital capabilities, revealed a report released by Exane BNP Paribas.
In a season where real creativity was forced to fight for space amidst a glut of sameness, BoF brings you our Top 10 Shows of the Season.
Today, BoF brings you an exclusive first look at Louis Vuitton’s ‘Celebrating Monogram’ collaboration with six art and design legends: Karl Lagerfeld, Frank Gehry, Cindy Sherman, Marc Newson, Christian Louboutin and Rei Kawakubo, each of whom have re-imagined the fashion powerhouse’s iconic monogram.
Yves Carcelle, a longtime LVMH executive and former chief executive of Louis Vuitton, has passed away.
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.
From amongst the multitude of Autumn/Winter advertising campaigns currently hitting fashion glossies, Internet forums and social media platforms around the world, from Facebook to Tumblr to Pinterest, The Business of Fashion picks the Top 10 Campaigns of the Season. Which fashion campaigns struck a chord with you this season?
The Savigny Luxury Index (“SLI”) leaped by 3.5 percent last month, as the feel-good factor returned to the luxury sector, underpinned by strong results announcements and positive market reaction to repositioning strategies.
PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods company, reported first-quarter sales that trailed analysts’ estimates as revenue from wine and spirits dropped on destocking by retailers in China.
The Savigny Luxury Index fell 2.2 percent this month, as the standoff between the West and Russia over its annexation of Crimea sparked fears of a drop in luxury goods sales to valuable Russian tourists.