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.
After spending more than 15 years and $1 billion turning Paris’s La Samaritaine department store into a duty-free shopping mall and luxury hotel, LVMH is finally set to reopen the iconic store June 23.
The reopening was delayed for more than a year due to the coronavirus pandemic.
While nearby rival BHV has doubled down on catering to local clients, including by replacing handbags with home goods in much of its ground-floor spots, La Samaritaine is continuing to bet on a rebound in tourist shopping. LVMH’s tax-free airport shopping division DFS will be the main tenant, along with a new outpost of the Cheval Blanc hotel chain.
The Rome-based couture house’s bet on Rome’s most bankable design talent could help it punch above its weight.
The duo behind Skims are taking a minority stake in the luxury cashmere label, with an eye on scaling the cult brand.
After headline pieces — sometimes formerly owned by celebrities or featured on TV — sell for blockbuster prices, they can end up pretty much anywhere, from museums to collectors’ closets.
Serre, who grew sales by 20 percent in 2023, has been named Pitti Uomo’s next guest designer. She’s using the opportunity to show her men’s collection for the first time.