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.
Both luxury multi-brand e-tailers will debut the collection in the US with 15 new brands and 108 models, including limited edition and rare discontinued time pieces. The collections will launch across both of the retailer’s sites, and in-house specialists will provide a personalised recommendations service as well as virtual one to one appointments for customers.
As part of the tie-up, Mr Porter (but not Net-a-Porter) will offer e-store credit in a part-exchange service for watches, available for UK and US-based customers. Watchfinder’s team will also authenticate and prepare the pieces, which come with a 24-month warranty from the company.
The move comes amid continued growth in the secondhand luxury watch market, which represents 27 percent of all watch sales. It is expected global sales will total $29 to $32 billion in 2025, which will total more than half the value of the primary market.
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.
Consumers face less, not more, choice if handbag brands can't scale up to compete with LVMH, argues Andrea Felsted.
As the French luxury group attempts to get back on track, investors, former insiders and industry observers say the group needs a far more drastic overhaul than it has planned, reports Bloomberg.
After growing the brand’s annual sales to nearly €2.5 billion, the star designer has been locked in a thorny contract negotiation with owner LVMH that could lead to his exit, sources say. BoF breaks down what Slimane brought to Celine and what his departure could mean.