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.
Next month, the American jeweller will introduce a collection of men’s rings featuring diamonds measuring up to 4.3 carats — the brand’s first solitaire rings for men, WSJ Magazine reports.
The launch coincides with an uptick in same-sex marriages and gender fluid collections across fashion and beauty. Tiffany, which was acquired by LVMH for $15.8 billion in January, reported that women’s engagement rings made up 26 percent of its total revenue last year.
Tapestry and Capri have been trying to become the US’s answer to LVMH for the past eight years but Federal Trade Commission precedent indicates both companies could face battling the behemoth alone.
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.