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Global Luxury Retail Report 2025: More openings, rents rise again

The latest Savills Global Luxury Retail 2025 Report shows that global luxury retail continued to withstand economic challenges, with core markets experiencing strong rental growth in 2024. Prime rents increased or remained stable in over 75 percent of the 21 regions surveyed. After the number of new openings slowed in 2023, this trend reversed...

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Business

How TikTok is disrupting the luxury handbag market

A curious phenomenon is unfolding on TikTok, where videos of “luxury handbags” straight from Chinese factories are racking up millions of views. On the surface, these clips are merely the latest in a long line of viral content. But beneath the algorithm-driven virality lies a more disquieting reality for the global fashion industry:...

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Fashion |Opinion

Louis Vuitton is navigating an evolving global luxury landscape

After years of riding high on the back of strong international demand and an unwavering brand ethos, Louis Vuitton finds itself at a strategic inflection point. The French luxury powerhouse, a key pillar of LVMH, is contending with a confluence of macroeconomic pressures and evolving consumer behaviours that threaten to recalibrate the dynamics...

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Fashion

Couture up close: hand-embroidered creations by Indian designer Rahul Mishra

Indian designer Rahul Mishra needs no introduction: His hand-embroidered designs draw from the natural world and transform into fantasy creations. He was the first Indian designer to win the International Woolmark Prize in 2014 at Milan Fashion Week and to be invited to showcase at the Haute Couture Week in Paris in 2020. He has garnered...

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Retail|Interview

Beyond the rack: How Onefifteen’s buyer is shaping its lifestyle-driven vision in Taiwan

In the heart of Taipei’s Da’an district, the flagship store of Onefifteen exists as somewhat of a florally-infused oasis within a metropolitan backdrop. The luxury multibrand retailer sits in the foundations of a historic 1950s building, renovated to both retain its background and modernise this antiquity for a string of dedicated consumers that...

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Business

First Q1 performances of luxury fashion companies impacted by Trump tariffs and geopolitical tensions

Financial news of the week: Trump Tariffs, Geopolitical Tensions Hit Luxury Sector The first financial results of Q1 2025, reported this week, show that trade tensions and geopolitical uncertainty are weighing on the performance of key luxury fashion groups. First Q1 results reveal slowdown across major fashion houses LVMH posted a 3 percent...

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LVMH’s Q1 sales drop highlights luxury is under pressure

LVMH, the world’s largest luxury conglomerate and a barometer for the broader industry, reported a 5 per cent decline in earnings from its fashion and leather goods division in the first quarter, casting a long shadow over what was expected to be a year of cautious recovery. The French giant’s challenges may well extend into the second quarter,...

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Fashion

Prada buying Versace buy is a win-win for Italian luxury

When Prada this week confirmed its acquisition of Versace for 1.25bn euros it was both a business transaction as much as a symbolic repatriation of Italian heritage. As the dominance of French conglomerates LVMH and Kering has become the established order in luxury fashion—owning Italian crown jewels from Fendi to Gucci—the Prada Group's...

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Fashion

London leads as Europe’s style and wellness capital, new study finds

A new pan-European analysis from beauty brand Catrice has cast a data-driven spotlight on the shifting intersection of fashion, beauty, and wellness across the continent — with London emerging as Europe’s definitive style capital, combining a high density of beauty services, wellness interest, and social media clout. The study, which evaluated...

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Fashion industry faces turmoil as U.S. tariffs bite

The “Liberation Day” tariffs announced by the U.S. administration on Wednesday has sent shockwaves through global industries and financial markets. It precipitated steep stock market declines and raising fears of an escalating international trade war. The U.S. dollar has similarly taken a hit, falling 1.6 percent amid heightened uncertainty....

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Business|Opinion

Kering’s Gucci faces investor doubts after Demna appointment

Kering’s long-anticipated announcement of Demna as Gucci’s new artistic director was met with a tepid response from investors, falling short of the market confidence the luxury conglomerate had likely hoped for. Shares in Kering closed 10 percent lower on Friday, underscoring concerns that the appointment alone is not enough to signal a decisive...

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Kering secures second consecutive CDP ‘Triple A’ rating

French luxury conglomerate Kering has once again secured a place on CDP’s coveted ‘Triple A’ list for environmental performance in 2024 — marking the second consecutive year the group has earned top marks across climate change, forests, and water security. The accolade places Kering, which operates brands such as Gucci, Saint Laurent and...