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.
Saint Laurent crystal boots, furniture from Celine and Rick Owens, and behind-the-scenes tours from Chanel, Louis Vuitton and Dior are among the donations being auctioned online for France’s Sidaction AIDs charity in partnership with the FHCM body which organises Paris Fashion Week.
FHCM’s closing gala for haute couture week, scuttled this year due to the pandemic, raised as much as €780,000 in 2020 for Sidaction. The group dedicated to research, treatment and prevention of HIV/AIDS was presided by Pierre Bergé, Yves Saint Laurent’s life and business partner, from 1996 until his death in 2017, and has long been a go-to cause for the French fashion industry.
The auction, which is set to go live Thursday, will collect bids through Sunday, January 30.
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.
Balenciaga’s deputy CEO Laura du Rusquec will replace Andrea Baldo as the Danish brand aims to elevate its image.
This week, more luxury brands will report first-quarter results, offering clues as to how broad and how deep the downturn is going to get.