Victoria Beckham’s Billion-Dollar Empire: Inside Her Business Ventures Victoria Beckham, former Spice Girl turned fashion mogul, has successfully transformed her image from pop star to powerhouse entrepreneur. Over the years, she has built an impressive portfolio of businesses that span the worlds of fashion, beauty, and beyond. While some ventures have seen remarkable success, others […]
Salma Hayek's Husband François-Henri Pinault: Billionaire, Business Tycoon, and Visionary Leader Salma Hayek’s husband, François-Henri Pinault, is not just known for being the husband of one of Hollywood’s most glamorous stars — he's also a highly successful businessman with a massive influence in the luxury fashion and lifestyle industry. With an impressive business portfolio and […]
Kurt Geiger Shines: US Expansion Drives Exceptional Growth and Record-Breaking Holiday Sales Luxury footwear and accessories brand Kurt Geiger has solidified its position as a global retail powerhouse, thanks to a stunning performance in the American market. The company reported record-breaking numbers for December 2024, achieving the most lucrative month in its history, with sales […]
Matthieu Blazy: A New Era for Chanel Chanel has announced Matthieu Blazy as its new artistic director, marking a pivotal chapter in the legacy of one of the world’s most iconic luxury fashion houses. At 40 years old, the Franco-Belgian designer is set to begin his tenure in 2025, succeeding Virginie Viard, who stepped down […]
Kering Announces Major Leadership Changes at Saint Laurent and Balenciaga: A New Era for Luxury Fashion In an exciting and strategic move that will redefine the future of luxury fashion, Kering has unveiled key leadership changes at two of its most iconic brands: Saint Laurent and Balenciaga. Effective January 2, 2025, Cédric Charbit, the current […]
Burberry’s New CEO Unveils ‘Urgent’ Turnaround Plan Amid Financial Struggles Burberry, the iconic British luxury retailer, is facing a period of significant transformation as it grapples with declining revenues and rising challenges in the competitive luxury fashion industry. The brand, renowned for its timeless trench coats, outerwear, and scarves, reported a sharp 20% drop in […]
Burberry Prepares for Potential Takeover by Moncler Amid Strategic Shifts and Market Pressures The iconic British luxury brand Burberry is reportedly on the verge of a major change, with rumors of an acquisition by Italian skiwear leader Moncler sparking intense industry interest. This potential deal comes amid a challenging year for Burberry, marked by financial […]
According to a Monday report by Bloomberg, luxury fashion brand Tom Ford is in talks with investment bank Goldman Sachs about a company valuation. The potential sale could put the company’s worth at several billion dollars, though as the details of Tom Ford’s financials are not public, this figure is difficult to estimate. According to […]
In 2021, luxury French fashion house Chanel recorded $15.6 billion in sales, according to figures it shared with Business of Fashion. The figure marks a 50% increase over its 2020 sales, and a 23% increase over its 2019 sales. The fashion house achieved these impressive results despite the Covid-19 pandemic, rising inflation, and spending $1.8 […]
Study after study shows that younger generations of consumers are more environmentally and socially conscious than their elders. More importantly for brands perhaps, is that their disquiet with the current state of the world colours their shopping habits. Fashion brands around the globe are beginning to realise that they must adjust their offering (and more […]
Tiffanie Lane, Product Manager at OpSec Security explores the relationship between luxury fashion brands and the gaming industry. Amid the pandemic, businesses have had to innovate to stay afloat. For many industries, this has meant pivoting to virtual, with the fashion industry among those to embrace this change. With stores closed and fashion shows cancelled, […]
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