The conglomerate has acquired Delvaux, a 200-year-old handbag brand that has seen rising sales in recent years. But the deal doesn’t help Richemont close the soft luxury gap with rivals Kering and LVMH.

The luxury conglomerate has acquired 100 percent of the Belgian leather goods maison in a private transaction.

South Korean TV shows are providing brands with a much-needed boost and an anchor for Asia marketing strategies as the region recovers faster from Covid-19 than western counterparts.

This week, Nicolas Hieronimus takes the helm at L’Oréal, while Macy’s appoints a Boston Consulting Group partner as Chief Financial Officer.

Check out this week’s new partners and openings on BoF Careers, the global marketplace for fashion talent.

BoF compiles the most important professional moves of the week.

LONDON, United Kingdom — The seemingly unflappable luxury market continues to waver, with growing worries that China's booming economy — the driver