The global fashion capitals are missing out on more than $600 million as runway shows go digital, hotels sit empty and nightclubs, restaurants and stores remain shut for the second season in a row.
What you measure is what you get. In a highly unpredictable post-Covid fashion market, business leaders need the right metrics to track the strength of their brands and make informed decisions quickly, mobilise teams and craft a narrative for investors.
Major French luxury brands like Chanel, Hermès and Louis Vuitton are spending millions of euros on facilities in their home country to burnish their brands, secure unique know-how, enable greater speed-to-market and benefit from government incentives.
After 15 years and €500 million worth of renovations, LVMH is reopening famous Parisian department store La Samaritaine. But does its 2020 revival make as much sense as it did when the group brokered the deal in 2001?
The French luxury group's market capitalisation passed the €200 billion mark, underscoring its category dominance — and the outsize spending power of luxury consumers.