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The future of luxury: new report taps US and Chinese clients

The global luxury industry has officially moved past its explosive post-pandemic “super-cycle” and become a market that is fundamentally “shrinking and splintering” according to a recent report by McKinsey and Business of Fashion (BoF). “The State of Fashion: Face to Face with Luxury Clients” is based on a survey of more than 2,000 clients and...

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Reformation files for IPO as annual revenue hits 507 million US dollars

Los Angeles-based womenswear brand Reformation has filed for an initial public offering (IPO) on the New York Stock Exchange as it reported an increase in revenue for the year to December 27, 2025, to 507.1 million US dollars. The fashion brand, which currently operates over 70 stores across the US, UK, Canada, and France, filed a registration...

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Saks Global rebrands as Exemplar Luxury Group as it exits bankruptcy under new ownership

Saks Global announced the successful completion of its restructuring process, emerging from Chapter 11 under new ownership, with a new name: Exemplar Luxury Group (ELG). The department store group stated that it has reduced its debt by 75 percent, secured sufficient liquidity, and has the full backing of its capital partners and other...

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Luxury redefined: how emotional connection is becoming the new currency of the industry

The luxury industry has always stood for prestige, exclusivity and artisanal perfection. For a long time, it was associated with a kind of promise: investing in a brand meant acquiring not just a product, but also status, cultural relevance and a sense of belonging. This understanding still holds true today, yet the underlying model for success...

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