Luxury
How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.
Highlights

The Plan for Off-White After Virgil Abloh

Executives at New Guards Group and LVMH reveal exclusively to BoF the ‘endless’ pipeline the designer left behind and their plans to harness his legacy to build a multi-billion-dollar brand.

Miuccia, Raf and the Future of Prada

Inside fashion’s most idiosyncratic, influential duo and the challenge of balancing creative complexity with a big brand’s need for clarity.

Case Studies & Reports

Case Study

Inside Farfetch’s Bid to Dominate Luxury E-Commerce — Download the Case Study

Case Study

Can Selfridges Future-Proof the Department Store? Download the Case Study

Report

The Future of Fashion Resale Report | BoF Insights

Latest News & Analysis

Sequoia Capital China Bets on Contemporary Norwegian Label Holzweiler

The venture firm has acquired a majority stake in the brand as it eyes global expansion, suggesting investors still see opportunity in well-placed fashion plays despite looming economic headwinds.

Prada Navigates Tricky Covid Curbs to Hold Beijing Show

On Friday, Prada became the first major luxury house to host a show in China this year.

The Debrief | Gucci’s New Configuration

In an effort to reignite consumer fire, the Italian megabrand has done some restructuring. Bernstein luxury analyst Luca Solca breaks down what it all means.

Tod’s Family to Launch $344 Million Bid to Privatise Company

The Della Valle brothers said in a statement their holding company would pay €40 for each Tod’s Group share, valuing the company at €1.32 billion.

Luxury Thrives Even as Consumers Feel Effects of Inflation, Rising Costs

Luxury brands including Hermès, Louis Vuitton and Fendi continue to sell their most expensive products, despite an ongoing, global cost of living crisis.

Balenciaga’s Demna Tapped by President Zelensky to Raise Funds for Ukraine

The artistic director of Balenciaga will serve as an ambassador for United24, the fundraising platform for relief in Ukraine put in place by the country’s president Volodymyr Zelensky.

The Future of Designer Bags in Five Charts

In its latest report, BoF Insights unpacks the dynamics that are fast reshaping what, why and how consumers buy designer bags and small leather goods.

How LVMH Dominates the Luxury Business

Above all, the French conglomerate benefits from the sheer scale of its core megabrand Louis Vuitton, setting in motion a virtuous cycle that powers profit generation, writes Luca Solca.

The 5 Biggest Threats to Luxury’s Remarkable Run

This week, luxury’s biggest brands must demonstrate they have a plan to navigate China’s Covid Zero policy, a tumultuous global economy, the crypto crash and more. Plus, BoF tells you what else to watch for in the coming week.

Meet Marc Jacobs-Approved Knitwear Upstart Nong Rak

Fresh off a collaboration with Marc Jacobs sub-brand Heaven, designers Cherry and Home Phuangfueang have attracted early interest from retailers for their fuzzy graphic knits.

Armani Returns to Profitability, Trading Above Pre-Pandemic Levels

The closely-held Italian fashion giant reported consolidated revenues of over €2 billion for 2021, meeting its rebound target a year earlier than owner and CEO Giorgio Armani had forecast.

The New Era of Designer Bags: Redefining Leather Goods Report | BoF Insights

Read the latest BoF Insights report to get BoF’s perspective on designer bags and small leather goods, covering key competitive shifts, including what, why and how consumers buy in the US and China, the category’s biggest markets.

THE NEWS IN BRIEF

Activist Investor Fights for Broader Representation at Richemont

Activist shareholder Bluebell Capital Partners on Monday claimed a partial victory in its efforts to overhaul management at luxury group Richemont after the company proposed the appointment of a director to look after the interests of ordinary shareholders.

Hermès is Not Interested in Resale, Says CEO

Birkin bag maker Hermes is not interested in getting involved in the fast-growing second hand luxury market which has attracted some its rivals, its chief Axel Dumas said on Friday.

Prada First-Half Revenue Rebounds on Europe, Americas Sales

The Italian fashion house said in a statement Thursday that it remains confident on medium-term targets despite macroeconomic uncertainty, citing the global health situation, the rate of recovery in Chinese consumer spending, and global geopolitical developments as risk factors.