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...As the US luxury market shows promise, fashion houses have added 650,000 sq ft of retail space between 2022 and the end of 2023, according to research by real estate firm JLL....
...Studio Boum, which was launched in 2014, fuses luxury fashion with design and spatial experiences....
...Sales at the Paris-based group’s fashion and leather goods division — which includes Christian Dior and Louis Vuitton, two bellwethers for personal luxury goods — grew 2 per cent on an organic basis to €10.5bn...
...That is the drawback of mass luxury: your products eventually end up in many hands. There is no avoiding it in a liquid secondary market, even if stores are tightly controlled....
...Sales at the Paris-based group’s fashion and leather goods division, a global bellwether for personal luxury goods, grew 2 per cent on an organic basis to €10.5bn in the first three months of this year....
...It is attempting to reshape its aesthetics from loud fashion to new creative director Sabato de Sarno’s quieter luxury....
...“Finally, it comes down to the craftsmanship and perceived value of luxury goods....
...Zara and H&M shoppers may not demand fine-dining at their local outlet but fast fashion retailers can learn from their luxury peers....
...Fashion is about newness and innovation, luxury is about longevity, continuing, but also about igniting the urge for rich men to buy a softly belted buttery leather coat that costs as much as a studio flat...
...has increased a lot,” says Chauvet, citing rises in wages and store rents....
...Mejuri now has 29 stores globally and attracted 2.4 million customers since its launch....
...Chinese fashion and luxury brands have been growing rapidly in recent years, with premium brands such as Shang Xia — a Chinese luxury fashion brand backed by Hermès — gaining popularity among locals....
...In 2012, the luxury group opened its Campus Genevois de Haute Horlogerie in Meyrin as a “knowledge transfer centre” offering training in niche horological skills....
Spray it loud this spring
...However, that fashion-forward approach lost traction when the pandemic hit as consumers prioritised more timeless luxury products. Gucci’s woes have since become a drag on Kering’s performance....
...She is committed to expanding the network of AP Houses — the brand’s 21-strong private club-like concept stores, the first of which opened in 2017 — with a new opening in Miami planned for the end of the...
...Tapping into the fashion world in an effort to capture the growing women’s watch market was also Breitling’s play in its collaboration with pop star-turned-fashion designer Beckham....
...The group has owed much of its success over the past decade to its appeal to aspirational clients, who boosted fashion-forward brands like Gucci but pulled back from spending on luxury goods as economic...
...He also developed a taste for interior design and personally decorated his homes and showrooms, a pioneering concept in the fashion industry, where luxury labels now increasingly market home decor lines....
...British luxury fashion house Burberry has issued a profit warning following weak Christmas trading, sending shares in the group down as much as 14 per cent in early trading on Friday....
...Farfetch and Yoox also started to offer services and software to build and run ecommerce businesses for luxury brands and for department stores such as Harrods....
...It’s the kind of versatility that luxury customers desire, says chief executive Diego Della Valle, who recently delisted the group from the Milan Stock Exchange....
...Amid the recent collapse of British retail institutions, from department-store chains Debenhams and House of Fraser to luxury retailer Matchesfashion, the idea that a fashion boutique could welcome a million...
...The Zegna group in 2022 agreed to take over Tom Ford’s fashion arm from US-based Estée Lauder, which the chief executive said had “enriched [the group’s] proposition in luxury glamour”....
...FT analysis of 33 major luxury fashion brands last year showed that the proportion of female creative directors at luxury fashion houses has fallen since 2018, slipping to 27.6 per cent in 2023 from a peak...
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