Far from being a passing trend, second-hand is becoming a permanent fixture in consumer habits across the world. An increasing number of shoppers are taking up circular shopping habits, confirming the lasting integration of the pre-loved market in consumer preferences. With over 40 years of experience in the luxury resale sector, Michael Mack,...
Aug 8, 2025
Between the law against ultra fast fashion, the (relative) drop in mergers and acquisitions, and persistent deindustrialisation, the first six months of 2025 have been somewhat turbulent and tinged with warning signs for the French textile industry. Adopted in early June, the new French law against ultra fast fashion marks a "historic turning...
Aug 5, 2025
The phenomenon is observed across the globe. Affected by the economic situation, consumers are turning away from material acquisition in favour of, at times, experience. Initiatives like 'The Louis' by Louis Vuitton in Shanghai raise the question of the effectiveness of this immersive shift. Is it a long-term brand-building exercise, or can we...
Aug 4, 2025
Paris - The global luxury sector is facing increasing challenges, grappling not only with a decline in the consumption of high-end handbags, perfumes, and designer clothing but now also contending with new tariffs on exports to the United States, a crucial market. Bernard Arnault, chairman and CEO of LVMH, acknowledged the difficult landscape....
Jul 30, 2025
Hermès’ latest earnings reveal a 12 per cent organic revenue increase in its leather goods division for the first half of the year, driven by continued demand for its flagship Kelly and Birkin bags. While competitors trim forecasts and shuffle creative leads, Hermès stands as a consistent and quiet counterpoint. Unlike other luxury peers...
The fashion industry has always been attuned to the political currents that ripple through global commerce, and is once again realigning its seams. This weekend, a long-anticipated agreement between the United States and the European Union appeared to put an end to the looming threat of a full-blown trade war. As reported by Politico,...
Jul 28, 2025
As resale platforms fuel fashion’s latest boom and vintage garments gain cultural cachet, the market for second-hand designer clothing has never been more alluring, or more precarious. Amid the flood of archival Gucci, Hedi Slimane Saint Laurent, and Y2K Prada populating digital storefronts and curated boutiques, there is a shadowy undercurrent:...
An idyllic setting, the Mediterranean glistening under the summer sun, and an unparalleled vibrancy enliven the narrow streets of the village. Every year, Saint-Tropez is not content with simply being a dream destination. It transforms into an experiential incubator for the biggest luxury houses. This summer vibrancy also raises questions. How...
Jul 26, 2025
When the world’s largest luxury conglomerate catches a cold, the entire sector feels the chill, they say. That’s the message from LVMH’s latest quarterly earnings, which revealed a 9 per cent decline in fashion and leather goods sales, a sharp contrast to the brand’s post-pandemic boom and a reality check for a market that continues to be in...
Jul 25, 2025
For years, the luxury sector has defied economic gravity, ratcheting up prices season after season as status-conscious consumers eagerly pursued the logo-laden dream. But now, with Chanel flap bags surpassing the 11,000 euro threshold and Bottega Veneta’s once-2,450 euro Cabat bag now listed at 6,800 euros, according to Collector Square, the...
Jul 24, 2025
Mergers and acquisition operations in the consumer sector are slowing down globally. However, seven mega-deals exceeding 5 billion dollars are boosting overall value. In Italy, 158 transactions were announced in the first five months of 2025. These are some of the findings detailed in the report 'PwC Global & Italian Merger and Acquisition Trend...
Jul 15, 2025
On the back of their takeover, Net-a-Porter and Mr Porter are set to explore a new realm. The luxury e-tailers are venturing into physical retail with their first-ever public facing pop-up. Running from July 16 to 20, the store will be located in the Hamptons and hosted by furniture showroom Wyeth in Sagaponack. Dubbed ‘Summer in the Hamptons’,...
Jul 10, 2025