Luxury news and archive

Kering secures second consecutive CDP ‘Triple A’ rating

French luxury conglomerate Kering has once again secured a place on CDP’s coveted ‘Triple A’ list for environmental performance in 2024 — marking the second consecutive year the group has earned top marks across climate change, forests, and water security. The accolade places Kering, which operates brands such as Gucci, Saint Laurent and...

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Saks Global Luxury Pulse: Confidence among luxury consumers drops yet optimism is retained

It seems luxury consumers are retaining some level of calmness and optimism despite a drop in confidence elsewhere. According to the latest Saks Global Luxury Pulse survey, 45 percent of luxury consumers reported “feeling calm about the economy” which, while down 12 percentage points on the prior year, was almost on par with those feeling “...

Fashion

Burberry bets on cinematic storytelling as it enters a new era

Burberry’s latest campaign, It’s Always Burberry Weather: London in Love, arrives at a pivotal moment for the British luxury house as it navigates a period of transformation under newly appointed CEO Josh Schulman. The romcom-inspired series of films, directed by David Lane, showcases a star-studded cast including Kate Winslet, Richard E Grant,...

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Gucci’s creative shake-up: Sabato De Sarno’s departure highlights ongoing turmoil at Kering

Gucci’s abrupt announcement on Thursday that Sabato De Sarno will depart as creative director was a stark and understated conclusion to his short tenure at the helm of the Italian fashion house. In a terse press release, Kering—the luxury conglomerate that owns Gucci—offered no statement from De Sarno himself. Instead, it struck an optimistic...

Fashion

Gen Z and millennials prioritising quality and sustainability for luxury purchases

Gen Z and millennial consumers are driving a shift towards “accessible luxury,” prioritising quality, sustainability and a secure, seamless shopping experiences, according to new research from Tink, the payment services and open banking platform. The research, conducted by Censuswide in the UK, shows that Gen Z and millennial consumers, who...

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Viktor&Rolf secure five-year extension with OTB Group

The OTB Group has announced a significant five-year renewal of its partnership with Dutch design duo Viktor Horsting and Rolf Snoeren, extending their creative leadership of the Viktor&Rolf maison through to 2029. The deal marks a continued commitment to avant-garde haute couture from OTB, which acquired the label in 2008. The renewal comes as...

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EU's e-commerce crackdown: A new era for fashion industry protection

According to a recent Financial Times report, the European Union is set to dramatically reshape the e-commerce landscape with new regulations targeting major platforms like Shein, Temu, and Amazon Marketplace. The proposed reforms would make these platforms directly liable for dangerous or counterfeit products sold through their sites - a...

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Louis Vuitton embarks on decade-long partnership with Formula 1

The elite worlds of luxury and motorsport have just gotten closer, as Louis Vuitton announced a 10-year partnership with Formula 1. The collaboration, announced as part of LVMH’s broader alliance with Formula 1 unveiled in October 2024, places the French luxury house at the centre of the sport’s global spectacle, coinciding with the series’ 75th...

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Luxury’s uneven runway: LVMH takes a tumble as rivals soar

French conglomerate LVMH, traditionally among the last to disclose its financials during the reporting season, has delivered results that not only fell short of market expectations but also lagged behind the momentum exhibited by some of its contemporaries. In contrast, Richemont, the parent company of Cartier, delivered a strong and unexpected...

Fashion

Chiuri delves into past for what could be last Dior fashion show

Paris, Jan 27, 2025 (AFP) - Italian designer Maria Grazia Chiuri delivered what industry insiders say might be her last collection for Dior on Monday, on the first day of Paris Haute Couture Week. Models with Mohawk-inspired hairstyles, adorned with feathers woven into their braids, walked the runway in retro draped skirts or short crinolines...

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2025: A year of challenges for the luxury sector

Paris - A slow-to-recover Chinese market, the risk of new American taxes, and "weary" consumers: the luxury industry faces significant challenges in 2025, following a 2024 already disrupted by slowing consumption. The heady post-Covid years, when luxury groups recorded insolent double-digit growth, seem a distant memory. Major groups like Hermè...

Culture

Saks celebrates SNL legacy through retail storytelling

In a collaboration that bridges entertainment and luxury retail, Saks Fifth Avenue has transformed its flagship store windows into a nostalgic tribute to Saturday Night Live's 50-year cultural legacy, leveraging the iconic comedy show's brand equity to create a unique retail experience. The immersive installation, curated in partnership with...