Luxury news and archive

Phoebe Philo announces collection's second drop

British designer Phoebe Philo, who last month debuted the initial offerings from her new namesake fashion house, has confirmed the second drop of her inaugural A1 edit. New styles will be available on the brand’s website on 28 November, as confirmed by a newsletter, although specifics of the second release remain undisclosed. A later third...

Retail

Tokyo tops list of world's best luxury shopping city

Tokyo has topped the list of the world’s global luxury shopping destinations, according to data from high-end travel curator Lartisien. In an analysis of cities renowned for their prestigious designer boutiques, Lartisien said the Japanese shopping capital boasts 217 designer stores, with Tokyo's Ginza district emerging as the ultimate luxury...

Fashion

US confiscates 1 billion dollars of counterfeit luxury goods

In a significant coup, federal prosecutors have announced the largest-ever seizure of counterfeit designer handbags, shoes, and related items in the United States. The estimated street value of the confiscated items surpasses 1 billion dollars, reported Bloomberg. Two individuals have been charged with trafficking in counterfeit goods, as...

Fashion

Wili marks debut in luxury segment with first collection drop

New York-based ready-to-wear brand Wili launched its debut collection earlier today. The women's statement-wear brand has officially entered the luxury segment, with its first collection featuring a blend of bold colors, striking silhouettes, and everyday pieces inspired by the city's runways and streets. Founder and creative director Kaitlin Pe...

News

French ministry of Education to introduce secondary school students to manual skills

Faced with a labour shortage, the luxury goods industry in France is taking action. On December 14, 15, 16 and 17 2023, thirty companies belonging to the French Comité Colbert for luxury companies will be taking secondary school students and their families on a journey of discovery of manual skills at Station F in Paris’ 13th quarter. Since the...

Business

Boucheron acquires haute jewellery workshop

Haute jeweller Maison Boucheron has strategically acquired a renowned fine jewellery workshop near Place Vendôme in Paris, reinforcing its commitment to expanding production capabilities. Comprising four entities—Blondeau, Belter, Chanson, and FG Développement—the workshop has been operating collaboratively at the same address since 2017....

Fashion Featured

Zippers don't lie: the secret behind spotting a true luxury handbag

The zip on a luxury handbag is more than just a detail: it can be one of the best ways to tell whether it's the real deal or a cheap copy. The zips found on the handbags of major brands are often made by Switzerland's Riri, which was bought by Swiss group Oerlikon in March. Based in Mendrisio in the Alpine country's southern, Italian-speaking...

PeopleFeatured

Bernard Arnault secures LVMH Group control for next 30 years

French billionaire Bernard Arnault has solidified his control over the LVMH Group for the next three decades. The transition, originally set to occur upon his passing, has now been triggered by his youngest child, Jean Arnault, turning 25, reported Italy’s ll Sole 24 Ore newspaper. Instead of control shifting to a Belgian foundation, it will...

BusinessFeatured

Three pillars of resilience in luxury amidst economic challenges

Although some may foresee the end of the global luxury bubble following a significant decline in LVMH’s revenue growth, there’s hope yet for luxury brands and retailers. The fashion industry as a whole, including the luxury sector, has faced several challenges in recent years, ranging from rapid inflation to decelerating economic growth, ongoing...

PeopleFeatured

Kering called out for lack of diversity in top design jobs

The departure of Sarah Burton from Alexander McQueen signifies not only the conclusion of her 26-year tenure at the British luxury brand but also marks the absence of female creative directors among Kering's top fashion houses. Kering, which owns brands like Gucci, Balenciaga, Saint Laurent, Bottega Veneta, and Brioni, currently employs creative...

Fashion

Chanel hikes prices in China

Chanel adjusted prices for its premium products in China after demand for luxury is waning amidst a drop in consumer spending and revenge shopping in the post-Covid era is over. According the Bloomberg the French luxury brand also implemented price hikes in Taiwan, Thailand, Malaysia, Australia, and Japan, resulting in an overall increase of 6...

Retail

LVMH's DFS Group plans tax free luxury complex in China

DFS Group, a subsidiary of luxury conglomerate LVMH, has revealed plans to build a sprawling shopping and entertainment complex on China's duty-free Hainan Islandm, said Bloomberg. Spanning 128,000 square meters and scheduled for a 2026 launch, the project will house over 1,000 luxury brands, including those from LVMH. Alongside shopping, the...