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LuxExperience to sell The Outnet assets in 30 million dollar deal

LuxExperience – the luxury group formed following Mytheresa’s acquisition of Yoox Net-a-Porter (YOOX) – has announced that it has entered into an agreement with The O Group LLC to sell the set of assets that power multibrand platform The Outnet. The deal, to be made for a cash consideration of 30 million dollars, includes the relevant brand...

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Fashion

Grace Wales Bonner: A bold new chapter at Hermès menswear

The announcement that Grace Wales Bonner has been appointed Creative Director of menswear at Hermès is not merely another succession in luxury fashion. It is more of a signal. It tells us something about how Hermès sees the future of men’s style, and how it still chooses to operate slightly off the beaten path. Wales Bonner is far from a “safe”...

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Retail

India's luxury market projected to reach 12.1 billion dollars by 2025

The global luxury market remains resilient despite continued macroeconomic and geopolitical disruptions, valued at 1.5 trillion dollars in 2025, according to Euromonitor International's World Market for Luxury Goods 2025 report. The industry is currently undergoing a significant transformation, shifting from purely product-centric sales to...

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Fashion

PwC research: Secondhand is a conscious choice, clothing leads luxury purchases

Secondhand fashion is no longer a niche but a conscious choice, increasingly integrated into the purchasing behaviour of younger generations. 40 percent of Gen Z and 28 percent of Millennials have already purchased second-hand products on Vinted, while 41 percent and 27 percent, respectively, have also sold them. In contrast, 53 percent of Baby...

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Business

Aritzia's U.S. sales drive record Q2, defying tariff headwinds

Aritzia, the design house offering Everyday Luxury, announced strong financial results for the second quarter of fiscal year 2026, driven by impressive growth in the United States. Net revenue surged 31.9 percent to 812.1 million Canadian dollars (58 million dollars), with comparable sales growing by 21.6 percent. The company’s performance was...

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Business

Vestiaire Collective report: Second-hand market grows three times faster than new goods

According to a new study by the resale platform Vestiaire Collective and the Boston Consulting Group (BCG), second-hand fashion and vintage luxury products are projected to reach a market volume of up to 360 billion dollars by 2030, compared to the current 210 to 220 billion dollars. This represents an annual growth of 10 percent, a rate three...

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Business

Between attraction and speculation: The real return on It-bags on the secondhand market

Pre-owned luxury handbags now represent a potentially profitable asset for consumers. But which models are the safest for investment? In a recent report, vintage fashion platform Vestiaire Collective revealed the current resale prices of iconic luxury handbags and compared them to their original retail prices. • Chanel Timeless/Classic Bag:...

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Business

Over quarter of a million pounds worth of stock stolen from Break Archive store

Resale company Break Archive has reported what is now its second break in, this time at its London showroom where around 350,000 pounds of stock was stolen. A total of 120 luxury vintage bags from brands including Louis Vuitton, Chanel and Gucci were among the products taken from the retailer’s store in Mayfair on Monday night. Speaking to ITV...

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Business

Deloitte: Despite import tariffs, 90 percent of investors remain active in fashion and luxury

According to Deloitte’s ‘Fashion & Luxury Private Equity and Investors Survey 2025’ report, 90 percent of investors remain active in the fashion and luxury sector. This is despite eight out of ten respondents expecting import tariffs to negatively impact the market. North America (35 percent), Europe (33 percent) and Asia (29 percent) are seen...

Fairs

New luxury fabric show to debut in London

A new exhibition dedicated to showcasing British textiles is set to take place in London this October. The Luxury Fabric Show will debut in Shoreditch’s The Box Office Studio, where a curated selection of luxury fabrics and accessories suppliers will exhibit to industry professionals. Spanning October 14 to 15, the event says it will focus on...

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Business

Hype products, collaborations and outerwear: What chinese consumers want

Chinese consumers have been faced with an unstable economy and ever-new challenges since the pandemic. This is also reflected in their shopping behaviour. Although uncertainties such as the trade dispute with the US and the real estate crisis are putting additional strain on consumers and dampening consumer sentiment, private households seem to...

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Business

Richemont chairman hopeful of negotiated solution on US tariffs

Zurich - Richemont chairman Johann Rupert expressed optimism for a negotiated solution regarding US tariffs on Swiss goods. He stated on Wednesday that the luxury group remains "well-positioned" for the long term. "I am in contact with the Swiss government and the heads of the negotiations in the US", Rupert said at the annual general meeting in...