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.
PARIS, France — It has been a roller coaster ride for the planet's richest people this week as tariffs and tech roiled markets.
Bernard Arnault, chairman of luxury-goods maker LVMH, reached a new level of rich as his Christian Dior SE rose to a record Thursday, making him the fourth-wealthiest person, surpassing Spaniard Amancio Ortega on the Bloomberg Billionaires Index.
The Frenchman is now worth $70.7 billion, the most of any European.
By Devon Pendleton, with assistance from Tom Metcalf; editors: Pierre Paulden and Peter Eichenbaum.
The World Economic Forum in Davos, a retail convention in New York and menswear shows in Paris will command the industry’s attention. Plus, what else to watch for this week.
The owner of Lanvin, Sergio Rossi and other brands is the first fashion company to list on a US exchange in a year. But the tough economy and investor skepticism about money-losing start-ups is likely to keep others from following suit.
Kanye and Adidas, Johnny Depp and Dior: celebrity marketing can be a minefield as well as a goldmine — and social media has raised the stakes.
High-end brands continue to report record sales and profits, even as mass retailers trim their outlooks for the autumn and winter. Can it last?