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.
The Italian brand is partnering with real estate developers to build branded residential apartments in Miami and Marbella, as well as a hotel in the Maldives.
Dolce & Gabbana is the latest luxury fashion brand to seek growth through real estate projects. Since the pandemic, Roberto Cavalli and Diesel both announced branded luxury condo projects (in Dubai and the US, respectively), while others that play in the hospitality space like Bulgari, Armani and Fila are expanding their networks.
Dolce & Gabbana is partnering with developers for its projects including JDS Development Group, Sierra Blanca Estates and DarGlobal.
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As Travel Booms, Fashion’s Hospitality Ambitions Heat Up
Elle International is launching hotels as Bulgari plans to nearly double its resort footprint in the next three years — with brands anticipating post-pandemic tourism will bring fortune to the fashion hospitality space.
The luxury goods maker is seeking pricing harmonisation across the globe, and adjusts prices in different markets to ensure that the company is”fair to all [its] clients everywhere,” CEO Leena Nair said.
Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a broader slowdown in demand for the sector.
The group’s flagship Prada brand grew more slowly but remained resilient in the face of a sector-wide slowdown, with retail sales up 7 percent.
The guidance was issued as the French group released first-quarter sales that confirmed forecasts for a slowdown. Weak demand in China and poor performance at flagship Gucci are weighing on the group.