LVMH Prize Names Finalists, Adds Phoebe Philo and Pharrell Williams to Jury
On Sept. 10 the eight designers will present their collections at the Louis Vuitton Foundation in Paris.
Peter Harf
Coty Quarterly Sales Drop 56%
The cosmetic company's net revenue fell to $922.1 million, missing expectations of $1.34 billion.
Power Moves | YNAP CEO Joins Giorgio Armani Board, Coty Names New CEO
This week Federico Marchetti was appointed non-executive director to the luxury fashion house’s board, while Coty appoints Sue Y. Nabi as its chief executive.
Luxury’s Inequality Problem
The anti-racism protests that have swept the United States are inextricably linked to socio-economic class and rising inequality. Are luxury brands listening?
Power Moves | LVMH Names Frédéric Arnault CEO of Tag Heuer, Tommy Hilfiger CEO Exits
This week, the luxury group promoted another member of the Arnault family into an executive role, while PVH veteran Daniel Grieder departed after 23 years.
The News in Brief
Valentino’s Full-Year Sales Fall 3 Percent
The results help to explain owner Mayhoola’s decision to shake up the brand’s aesthetic direction by hiring former Gucci designer Alessandro Michele.
TikTok’s Crackdown on Ozempic Influencers Threatens Weight-Loss Drug Hype Machine
The social media platform will effectively ban most weight loss-related content from appearing on its app starting next month, according to a sweeping new set of community guidelines published on its website last week.
Vivienne Westwood’s Personal Wardrobe To Be Auctioned
A taffeta ball gown with the span of a light aircraft is one of the more magnificent items to go on sale at Christie’s in June as part of an auction of the personal wardrobe of Dame Vivienne Westwood.
Valentino Chairman Bets Quiet Luxury Is Over After Michele Hire
The fashion industry’s era of so-called quiet luxury is over and affluent consumers will want bold designs again, the chairman of Valentino has predicted.
Marcelo Burlon Steps Down as Creative Director of Namesake Brand
Burlon, a former DJ, stylist and PR, founded the Milan-based label as a T-shirt line in 2012, inspired by ‘90s club culture.
Designer Nancy Gonzalez Sentenced to 18 Months in Exotic Skin Smuggling Case
The Colombian designer, whose bags have been worn by celebrities and featured on shows like Sex and the City, previously pled guilty to illegally importing millions of dollars of crocodile and snakeskin handbags into the US.
The Wealthy are Less Willing to Spend on Sustainable Products
Millennial and Gen-Z respondents were among the most likely to pay a premium for environmental-friendly practices.