Luxury news and archive

Cocoon elevates rental offering with MyWardrobe HQ and More Luxury Club

London-based rental platform Cocoon is elevating its offering, merging that of MyWardrobe HQ and More Luxury Club into its operations. By combining the businesses, Cocoon is building on efforts to position itself as a “definitive category leader” in circular luxury. As part of the process, MyWardrobe HQ’s chief executive officer, Coco Baraer...

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Italy probes Tod's executives over labour exploitation

Italian prosecutors are investigating three executives from luxury fashion label Tod's, as well as the company itself, for alleged labour exploitation, according to a court document seen Thursday by AFP. Milan Prosecutor Paolo Storari had previously requested a six-month ban on the company's advertising, with Judge Domenico Santoro fixing a...

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Luxury sector faces dilemma of 'exceptional Maisons' versus groups seeking recovery

The luxury sector is entering a new era of polarisation, according to several recently published articles and market studies. This dynamic now pits two types of players against each other: 'exceptional Maisons', capable of preserving rarity and vertical integration, and multi-brand groups that must redefine their strategy to regain their...

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Luxury houses eye India, but barriers remain

The globe's biggest luxury brands have dreamt of India's vast consumer base for decades, but navigating the market has proven to be a complex task. French retailer Galeries Lafayette is the latest to try its luck, opening its first Indian store on Sunday: a sprawling five-floor outlet in Mumbai, the country's financial capital. Its splashy foray...

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From California to Europe: How Calle Del Mar is scaling a handmade brand without sacrificing craft

In today’s fast-evolving luxury market, Calle Del Mar is betting that craftsmanship – not speed – will win over the next generation of European consumers. The Californian knitwear label is entering the market not simply to reach new retailers, but to tap into a region that still protects and invests in craft. For Calle Del Mar, Europe thus...

Fashion

Walpole British Luxury Awards 2025 celebrates “resilience and renewal”

Walpole, which represents the British luxury industry, including Burberry, Alexander McQueen and Harrods, celebrated its annual Walpole British Luxury Awards at The Dorchester, Mayfair in London last night, November 10, spotlighting brands and individuals who define British luxury's creativity, innovation and global cultural relevance. Helen...

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The RealReal records strong Q3 financial performance

Luxury consignment platform The RealReal, Inc. delivered a strong third quarter for 2025, reporting accelerated growth and significant margin expansion as the company leans into the luxury resale market. The online marketplace saw gross merchandise value (GMV) increase 20 percent year-over-year to 520 million dollars, driving a 17 percent rise...

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LuxExperience to sell The Outnet assets in 30 million dollar deal

LuxExperience – the luxury group formed following Mytheresa’s acquisition of Yoox Net-a-Porter (YOOX) – has announced that it has entered into an agreement with The O Group LLC to sell the set of assets that power multibrand platform The Outnet. The deal, to be made for a cash consideration of 30 million dollars, includes the relevant brand...

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Fashion

Grace Wales Bonner: A bold new chapter at Hermès menswear

The announcement that Grace Wales Bonner has been appointed Creative Director of menswear at Hermès is not merely another succession in luxury fashion. It is more of a signal. It tells us something about how Hermès sees the future of men’s style, and how it still chooses to operate slightly off the beaten path. Wales Bonner is far from a “safe”...

Retail

Luxury market growth driven by experiences and emerging markets

The global luxury market remains resilient despite continued macroeconomic and geopolitical disruptions, valued at 1.5 trillion dollars in 2025, according to Euromonitor International's World Market for Luxury Goods 2025 report. The industry is currently undergoing a significant transformation, shifting from purely product-centric sales to...

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Fashion

PwC research: Secondhand is a conscious choice, clothing leads luxury purchases

Secondhand fashion is no longer a niche but a conscious choice, increasingly integrated into the purchasing behaviour of younger generations. 40 percent of Gen Z and 28 percent of Millennials have already purchased second-hand products on Vinted, while 41 percent and 27 percent, respectively, have also sold them. In contrast, 53 percent of Baby...

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Aritzia's U.S. sales drive record Q2, defying tariff headwinds

Aritzia, the design house offering Everyday Luxury, announced strong financial results for the second quarter of fiscal year 2026, driven by impressive growth in the United States. Net revenue surged 31.9 percent to 812.1 million Canadian dollars (58 million dollars), with comparable sales growing by 21.6 percent. The company’s performance was...