Luxury’s New Pecking Order | BoF
Amid a flurry of leadership shakeups, luxury’s momentum is shifting — and not in the favour of LVMH or Kering. Tuesday, shares in LVMH fell following its announcement that fashion and leather goods sales fell 5 percent in the first quarter, missing analyst estimates. For the first time, the conglomerate
This Week: Luxury’s Salone Love Affair
A downturn in demand for luxury fashion hasn’t stopped brands from making a splash at the latest Salone del Mobile design fair, which opens in Milan this week. If anything, the slowdown has sharpened the industry’s focus on the strata of top clients — critical to luxury’s business this year
