Luxury news and archive

Mergers and acquisitions: PwC says fashion and luxury sector is increasingly selective

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...

Retail

Net-a-Porter, Mr Porter to open first consumer-facing pop-up in the Hamptons

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’,...

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Business

Altagamma: future of luxury between top-tier, aspirational clients and high-potential countries like India and Thailand

Milan - Multi-brand retailers are facing a crisis. This is particularly true for those focused on clothing and leather goods, but not those in beauty and watches and necessitates an ever-closer relationship with customers. The luxury sector is experiencing a period of stagnant growth. There is also disaffection among aspirational consumers. This...

Fairs

La Plage Riviera: a new trade show for swimwear launches in Nice, France

Nice - In a groundbreaking move, My Fashion Agent, the company behind La Plage Miami and La Plage Los Angeles, is launching a new trade show, La Plage Riviera. It will be held from August 30 to September 1, 2025, on the French Riviera, in Nice, at number 12 on the iconic Promenade des Anglais, near the airport. La Plage Riviera has adopted a...

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Fashion |Opinion

Celine signals evolution, not rupture, under Michael Rider

Few debuts in recent memory have been as self‑assured, or as finely calibrated to the realities of the luxury business, as Michael Rider’s first outing for Celine during Paris Men’s Fashion Week on Sunday. Presented co‑ed inside the house’s 16 Rue Vivienne atelier, the collection treated Celine’s heritage as a living archive rather than a museum...

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Business

European luxury: A new report reveals the challenges and growth prospects

European premium and luxury brands represent 5 percent of European GDP, or 986 billion euros. This figure, from a new report by the European Cultural and Creative Industries Alliance (ECCIA), in collaboration with the Comité Colbert and Bain & Company, is up 1 percent compared to 2018. While its evolution demonstrates growth dynamics, the...

People

Walpole names Fortnum & Mason CEO as chair

Luxury trade association Walpole has named Tom Athron as its new chair, a role he will take up from July 1. Athron, who currently serves as chief executive of Fortnum & Mason, will succeed Michael Ward, managing director of Harrods, who is stepping down after finishing the maximum tenure of nine years. Ward will continue on in the newly created...

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Business

With a new ad business, has Farfetch found its feet under Coupang?

Farfetch was once the undisputed pioneer of luxury fashion online, a platform that married technological innovation with an insider’s grasp of fashion’s nuanced codes. But following its high-profile acquisition by South Korea’s Coupang at the end of 2023, the company has entered a new chapter, one marked less by editorial curation and more by...

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Business

Global luxury market risks facing its worst turbulence in 15 years

Paris - The global luxury market was expected to slow down in 2025, hampered by the geopolitical context and economic uncertainties, with the risk of experiencing its worst turbulence in 15 years. However, the long-term outlook remained positive, according to a study by consulting firm Bain & Company. Luxury sales, "sensitive to uncertainty, are...

Fairs

Saks Global outlines ‘data-driven’ strategy for menswear at Pitti Uomo

Saks Global has outlined a new “data-driven” strategy for its menswear offering. The luxury retail group, formed of Saks Fifth Avenue and Neiman Marcus, among other department stores, revealed its intention to tap into identified growth opportunities at the ongoing Pitti Uomo 108 in Florence, Italy. Much of this centres around zoning in on...

Business

Saks Global survey shows luxury consumers feeling less optimistic

Luxury consumers in the US are feeling notably less optimistic about the economy, according to the latest Saks Global Luxury Pulse survey, and the intent to spend on luxury “has soften”. The quarterly survey, which analyses luxury consumers’ attitudes towards spending and the economy, found that luxury consumer optimism about the economy...

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Business

Hermès begins work on new leather goods site in northern France

Luxury group Hermès announced that it has started work on its 26th leather goods workshop in Charleville-Mézières, in the Ardennes region of France. This is part of Hermès’ development plan for manufacturing centres across France; the company also announced the creation of leather goods workshops in Colombelles (Normandy), L'Isle d'Espagnac...