Giorgio Armani Posts 24% Profit Drop in Tough 2024, Steps Up Investments
The Milanese group was hit by declining revenues and a slight increase in operating costs but said it retained a long-term approach amid a sharp downturn in luxury demand.
Opinions
Latest News & Analysis
Why Blum’s Closure Is Shaking the Art World
Major gallerist Tim Blum’s decision to exit the business will shake the art sector, writes Marc Spiegler.
The Art Basel Vibe Shift
While sales at this year’s fair were uneven, newer players, platforms and art forms offered cause for optimism in a stagnant sector, writes Marc Spiegler.
In Paris, All Eyes on Jonathan Anderson’s Dior Debut
A phalanx of designers came to support — and, no doubt, carefully scrutinise — Jonathan’s Anderson first men’s show for Dior, writes Imran Amed.
‘Transform or Die’: Can a Turnaround Expert Turn Kering Around?
Luca De Meo’s appointment as the French group’s chief executive is an admission of the seriousness of the crisis the company is facing, as well as a signal of its intent to do something about it, writes Imran Amed.
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David Bailey, Immortal
A new exhibition aims to prove Bailey’s claim to everlasting impact rests on more than his portraits from Sixties London, writes Tim Blanks.
Is the Art Market AI-Proof?
While artists are experimenting with artificial intelligence to produce work, the technology won’t disrupt the business of art, argues Marc Spiegler.
How Fashion Can Engage With the Global Culture, the Right Way
Creative and commercial energy is increasingly driven by frontier markets in Asia, Africa and Latin America. Global brands must learn how to embrace and amplify local cultures in these markets in an authentic way.
Fashion’s World-Builder-in-Chief
Niklas Bildstein Zaar’s knack for designing immersive experiences has made him a go-to collaborator for the likes of Demna, Haider Ackermann, Anne Imhof and Travis Scott.
The News in Brief
E-Commerce Firm Jumia Draws Takeover Interest From Axian
A deal between the biggest e-commerce platform in Africa and telecommunications company Axian would help both company expand across the continent.
Billionaire H&M Founding Family Speeds Up Share Purchases
The Persson family and its related companies owned over 60 percent of H&M's shares at the end of May, prompting speculation the company may return to private ownership.
Kate Moss’ Cosmoss Enters Liquidation
The prestige skincare and wellness line founded by the British supermodel entered liquidation proceedings after failing to file its company accounts.
Vivienne Westwood and Rei Kawakubo Paired for Blockbuster Exhibition
The two era-defining avant-garde fashion designers will be the subject of a major exhibition at the National Gallery of Victoria in Australia.
Exclusive: Smythson of Bond Street Acquired by Oakley Capital
The British luxury lifestyle brand, known for its leather handbags, notebooks, homeware and other accessories, will look to accelerate its growth and expand internationally.
L’Oréal to Acquire Hair Care Brand Color Wow
Hair care was the second fastest-growing category at L’Oréal last year after fragrances.
Bold Management Acquires Influencer Agency The Digital Prototype
The deal bolsters Bold’s talent management capabilities in France.