The French group will pay €1.7 billion for 30 percent of the Italian couture house as the first step in a broader partnership with owner Mayhoola. What will the deal mean for Kering, Valentino, Mayhoola and the wider fashion landscape?
The French house showcased its new Tweed-inspired high jewellery collection in London this week. CEO Frédéric Grangie sees the ‘booming’ category as a key opportunity to elevate the Chanel brand.
Designers Luke and Lucie Meier have softened the fast-growing brand’s signature rigour with a newfound dreaminess that is all about them, writes Tim Blanks.
Edouard Aubin downgraded the luxury-goods giant to equal-weight on Friday on concern over weakening demand in the sector.
Designer Pharrell Williams unveiled his pre-fall 2024 men’s collection to about 1,200 guests.
On a recent afternoon at Tiffany & Co.’s jewelry studio in Manhattan, a dozen or so jewelers filed down gold engagement rings while a tiny vacuum installed at each of their workstations sucked up the gold dust to melt it down and recycle it.
The luxury e-tailer saw modest growth as aspirational luxury consumers cut back on nonessential spending. In its first quarter of the year that ended in September, Mytheresa’s gross merchandise volume — a measure of goods sold on the platform — rose 3 percent year over year to €204 million ($224 million), against a 13 percent increase in the previous quarter.
The decision would involve transferring 153 of 219 employees to Milan, almost 500 kilometres (311 miles) to the north by March.
She will succeed Gabriele Maggio, who is exiting the business next month “to pursue other opportunities,” the company said.
The agreement, which goes into effect January 2024, will allow EssilorLuxottica to design, produce and globally distribute Moncler eyewear.
The move has triggered an executive shuffle in the watches and jewellery unit at parent company LVMH.