LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko
The private equity fund has entered into a definitive deal with the Percassi family, which will retain a “significant stake” in the business.
Pietro Beccari
Pharrell Williams: The Future of Luxury Is ‘Freedom’
With his first Louis Vuitton men’s show behind him, BoF 500 cover star Pharrell Williams shares his long-term vision for the future of Louis Vuitton, and luxury itself, with BoF’s Imran Amed.
At Louis Vuitton, a New CEO’s Mission
This week, Dior’s Pietro Beccari was named CEO of LVMH flagship Louis Vuitton, luxury’s biggest brand with €20 billion in annual sales. The job comes with high stakes and big shoes to fill.
Luxury
Case Study | Inside the $7 Billion Dior Phenomenon
How did a 75-year-old brand triple its revenues in just four years? By overhauling its commercial offer, racing into e-commerce and investing in spectacular flagships, Christian Dior Couture has radically accelerated its business, transforming itself into “a homegrown Chanel challenger within LVMH.”
Case Study | Inside the $7 Billion Dior Phenomenon
How did a 75-year-old brand triple its revenues in just four years? By overhauling its commercial offer, racing into e-commerce and investing in spectacular flagships, Christian Dior Couture has radically accelerated its business, transforming itself into “a homegrown Chanel challenger within LVMH.”
The Strategy Behind Dior’s New Megastore
CEO Pietro Beccari reveals how a sprawling revamp of Dior’s historic Avenue Montaigne hub fits into wider plans for the fast-growing brand. ‘It’s not a store, it’s a universe,’ he said.
LVMH Is Trusting Kim Jones to Define Fendi's Post-Karl Look
The British designer is following in the footsteps of fashion multi-tasker Karl Lagerfeld, becoming artistic director for womenswear at Rome-based Fendi while keeping his job as designer of Dior Homme.
Is Dior Catching Up With Chanel?
Today, as Dior stages a destination runway show in Italy, a new report shows the LVMH-owned brand's finances inching closer to those of its oldest rival, fashion-and-beauty juggernaut Chanel.
Luxury
Why Dior's CEO Is Pushing Couture in a Pandemic
With a miniature collection, the house of Christian Dior literally scales back its presence at Paris Haute Couture Week. But don’t be fooled: Pietro Beccari speaks exclusively to BoF on how the brand is keeping its foot on the accelerator after a steep jump in sales last year.
Why Dior's CEO Is Pushing Couture in a Pandemic
With a miniature collection, the house of Christian Dior literally scales back its presence at Paris Haute Couture Week. But don’t be fooled: Pietro Beccari speaks exclusively to BoF on how the brand is keeping its foot on the accelerator after a steep jump in sales last year.
Why Luxury Brands Aren't Giving Up on Fashion Month
Major luxury houses are moving ahead with plans for live fashion shows in September despite coronavirus uncertainty.
Dior Revives Fashion Shows
The luxury brand is continuing the calendar fashion weeks with live stream shows.
Despite the Critics, Maria Grazia Chiuri's Dior Is a Success
Today’s Christian Dior show may again disappoint critics, but lacklustre reviews haven’t slowed momentum at the house, where sales are expected to grow 26 percent this year, according to Morgan Stanley.
Inside LVMH's Plan to Conquer Menswear
The French conglomerate is on a mission to capture even more of the growing market for luxury menswear. BoF outlines the opportunities for several of the leading brands in the portfolio, and where they might face challenges ahead.
Bernard Arnault Talks Hedi Slimane, Rihanna and Karl Lagerfeld at LVMH’s Annual Shareholder Meeting
The group’s chairman and chief executive also addressed criticism around his Notre-Dame donation, and concerns from animal rights activists about LVMH’s use of exotic skins.
Company Snapshot
The inventive chief executive turned Fendi around and succeeded Sidney Toledano at the helm of Dior before leading LVMH flagship Louis Vuitton.
The News in Brief
Zara Re-Enters Venezuelan Market
The company confirmed in January that it planned to restart activities in Venezuela in the first half of 2024 with local partner Grupo Futura.
EU Hits Fast-Fashion Giant Shein With New Digital Rules
The move means Shein could be liable for fines of as much as 6 percent of global revenue for violating the law, designed to curtail the spread of illegal content online.
Shares of Versace Owner Capri Seen Falling 30% If Deal With Coach Owner Tapestry Fails
Since the merger announcement, Capri has reported weaker-than-forecast earnings twice, spurring concern about its performance in the coming quarters.
Celine Adds To Fragrance Line-Up
The new scent, Zouzou, is the fashion house’s first new perfume since 2022.
Unilever Sales Rise More Than Expected, Led by Beauty
Unilever Plc sales jumped more than expected in the first quarter as Chief Executive Officer Hein Schumacher pushes ahead with his turnaround plan and shoppers come back to premium brands.
Biden Signs Possible TikTok Ban Into Law; ByteDance Vows Legal Challenge
President Biden signed the bill that gives China-based ByteDance 270 days to divest TikTok’s US assets or face a ban.
Google Postpones Phasing Out of Ad Cookies in Chrome Browser
The Alphabet Inc. company said in a blog post Tuesday that it’s still working with the ad industry and regulators on the plan.