UK consumers are continuing to search for fake luxury brands in large numbers and some have more appeal to label-hungry shoppers than others. In fact, Rolex is the most wanted label for those seeking fakes online.
LVMH, the world's leading maker of luxury goods, said Monday that sales and profits had bounced back strongly in the first six months of 2021 as demand soared after the pandemic-induced slump last year.
At a time when the French luxury industry’s craft trades need to hire over 8,000 new artisans each year, the luxury giant has involved its 75 labels in a drive to promote craftsmanship skills and attract talent.
The group has announced the final of its competition for young designers. Set to take place on September 7 at the Fondation Louis Vuitton, the event's highlights will, for the first time, be broadcast via social media.
Louis Vuitton and Bulgari on Tuesday joined a legion of brands in dropping Chinese-Canadian pop idol Kris Wu, as sexual assault allegations swirling around the star drew condemnation across Chinese social media.
In a month that's shaping up to be huge as far as luxury deals are concerned, the latest news is that LVMH is boosting its stake in Off-White. Virgil Abloh's streetwear label will now be 60% owned by the French giant.
L Catterton, the private equity firm backed by French billionaire Bernard Arnault and luxury goods empire Louis Vuitton Moet Hennessy, is exploring options to go public, according to people familiar with the matter.
British fashion tech company Ordre, an online showroom platform serving department stores, multibrand retailers and luxury pure players, has announced a successful funding round to finance its expansion.
Gucci has been named as the hottest brand in fashion for the fourth consecutive quarter by Lyst, with the return of dressier options and styles for travel and leisure also being identified as key quarterly trends.