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.
Located between the Louvre and Centre Pompidou in Paris, The Bourse de Commerce Pinault Collection is established by the Kering owner. It was originally slated to open in June of 2020 but was delayed by the Covid-19 pandemic. Starting on May 22, the museum will be open Wednesday to Monday, 11 am to 7 pm, and an online reservation will be required to access the museum.
The Bourse de Commerce will show Pinault’s personal collection, which he has long wanted to show in Paris. It contains thousands of pieces by artists like Piet Mondrian, Damien Hirst and Jeff Koons. According to the museum’s website, Pinault sees The Bourse de Commerce as a step towards “writing the next chapter of [his] cultural project.”
This week, Christian Dior presented its pre-fall 2023 collection at the Gateway of India monument in Mumbai, marking the first standalone show from a European luxury megabrand in the country.
Sales growth has slowed sharply after a two-year surge. But analysts expect the American luxury market to bounce back soon, as brands open more stores and adapt their offer to changing tastes.
Sales of megabrands like Louis Vuitton and Hermès continue to surge, but ubiquity risk is driven by key styles appearing too often on the street and not by revenue, writes Luca Solca.
The brand known for $50,000 Royal Oak watches transformed itself into a megabrand with more than $2.2 billion in annual sales by taking control of its distribution and forging culturally relevant partnerships. Outgoing CEO François-Henry Bennahmias breaks down the strategy.