Business of Luxury

May 10, 2024

Special ReportWatches and Jewellery: May

...Rodolfo Festa Bianchet, founder and chief executive of Bianchet, says Dimitrov has taken a “substantial minority stake” in his business....

May 10, 2024

FT Live

Business of Luxury Summit

Gathering leaders in luxury for the 20th year

Luxury goods

Online retailer Mytheresa says it will benefit from luxury ecommerce implosion

...IPO at the height of optimism about tech valuations and online luxury sales, but an indication of where investors are placing their bets....

May 5, 2024

FT GlobetrotterWhere to stay in Zurich

Park Hyatt Zürich: ‘Business-class feels beyond the airport lounge’

...Luxury at Zurich’s Park Hyatt is practical, not performative. A cavernous, angular lobby of black marble and expensively textured walls of luxury beige is described in many write-ups as “understated”....

February 26, 2024

News in-depthFerrari NV

Ferrari seeks to woo new generation of fans in high-end fashion push

...Its foray into fashion is on top of a car business that is breaking records....

May 11, 2024

LexHermès International SCA

This luxury Armageddon leaves investors spoilt for choice Premium

...The resilience of the megarich is not the only reason for the luxury sector’s strength....

April 26, 2024

FT Live

Business of Entertainment Summit

Capitalizing on Disruption

News updates from April 25: US economy grew less than expected in Q1; Microsoft and Alphabet beat Wall Street estimates

Tech and luxury stocks pull European indices lower

...Shares in French luxury group Hermès fell 2.9 per cent despite a 17 per cent jump in the company’s revenues in the first three months of the year....

April 25, 2024

News updates from April 17: UK inflation falls less than expected; Boeing engineer says safety concerns are ignored

Luxury stocks lift European equity markets higher

...The sector-specific Stoxx Luxury 10, which has outperformed the broader market for much of this year, rose 2.5 per cent....

April 17, 2024

The Big Read

The implosion in luxury ecommerce

...The rise of these online retailers represented a stark challenge to the conventional way of doing business in the luxury sector, where brands tightly control distribution and spend heavily on lavish stores...

March 29, 2024

Special ReportWatches and Jewellery: May

Chaumet’s Charles Leung: ‘We don’t want to be stuck in the 18th century’

...A native of Hong Kong, Leung graduated from the Chinese University of Hong Kong and Paris’s Essec Business School, and worked at Cartier in marketing and retail before joining Chaumet in 2006....

May 10, 2024

News updates from April 16: Powell says inflation fight will take ‘longer than expected’; China GDP jumps 5.3%

LVMH sales growth slows as luxury demand softens

...LVMH reported its weakest quarterly sales growth since the pandemic recovery supercharged luxury demand at the start of 2021, as Chinese demand for designer goods slowed and champagne sales fell....

April 16, 2024

Inside BusinessSam Jones

The decline of the luxury department store

...This is a modern fairy story about how sometimes the stardust of luxury (and a tidal wave of cheap credit) is enough to deflect investors, commentators and rational observers from seeing a business model...

February 2, 2024

Inside BusinessAdrienne Klasa

Champagne era for luxury industry prices starts to go flat

...“The idea is not to be the most expensive, but just to be sure the prices are at the level of the business,” he said. “We do not want to disconnect anyone from the brand.”...

March 6, 2024

Luxury goods

Hermès soars and Kering stumbles in widening luxury divergence

...LVMH, the world’s biggest luxury company with a complex business spanning fashion house Christian Dior to hotels and vineyards, ticked up 3 per cent as demand for its fashion and handbags softened and champagne...

April 26, 2024

News updates from April 17: UK inflation falls less than expected; Boeing engineer says safety concerns are ignored

Luxury shares gain as sales growth at LVMH reassures nervous investors

...Paris-based LVMH reported its weakest growth in quarterly sales since the post-pandemic recovery supercharged luxury revenues at the start of 2021....

April 17, 2024

FT Live

Business of Art

Market shifts and future growth

Matchesfashion.com

Prada and Burberry among Matchesfashion creditors owed £36mn

...For many smaller brands stocked by Matches, the collapse of the business has been a blow....

April 24, 2024

Chinese business & finance

China targets tropical Hainan for world’s biggest duty-free area

...DFS, the travel retail unit of luxury giant LVMH, last year announced plans to invest in a 128,000 sq m “seven-star” luxury retail and entertainment site near the southern city of Sanya....

May 13, 2024

News in-depthLVMH

LVMH succession plans accelerate as Arnault children step up

...1998 — to take over the business....

April 15, 2024

Special ReportWatches and Jewellery: May

Watchmakers enjoy uptick in Gen Z buyers

...“That is the difference between fashion and luxury,” says Edouard Meylan, chief executive of the independent watch brand H Moser & Cie....

May 10, 2024

Letter

Letter: Origins of the east Asia miracle relied heavily on protectionism

...Lindsay Whitfield Professor of Business and Development Copenhagen Business SchoolFrederiksberg, Denmark...

May 8, 2024

FT Schools

Business class

...succeeding a star CEO Demand: The return of the rice crisis Video: case study: Inside F1 Academy Change: John Lewis warns of 2-year delay to turnaround plan Introduction to business: When will the UK...

April 28, 2024

News updates from March 20: Fed signals 75 bps of 2024 cuts; Reddit prices shares at top end of IPO range

European stocks hold steady despite luxury slump

...European stocks held steady on Wednesday despite a steep slump for index heavyweights in the luxury sector....

March 20, 2024

Style

Dover Street Market Paris: a home for fashion’s independent minds

...It’s not every day that two of the biggest forces in luxury retail come together in a room....

May 10, 2024

US & Canadian companies

Pwease don’t be mean, I’m just a wittle luxury bag conglomerate 👉👈

...MainFT, last night: The Federal Trade Commission has sued to block US luxury goods group Tapestry’s $8.5bn acquisition of Capri Holdings, a move that threatens a bid to create a US rival to European giants...

April 23, 2024

LVMH

LVMH’s growth weighed down by softening China luxury demand

...LVMH reported its weakest quarterly sales growth since the pandemic recovery supercharged luxury revenues at the start of 2021, as Chinese demand subsided and champagne sales fell....

April 17, 2024

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