Eva Morletto

Burberry announces disappointing results for 2023/2024, with net profit plummeting by 45% and a 4% drop in revenue. The reason: weakened demand and more cautious consumers. The brand’s investments to move upmarket are expected to pay off in the long term.

The French high-end tourism group announced this week the opening of its first address in Oman. The 300-room ultra-luxury resort will open in 2028 in Musandam, in the north-east of the country.eva

Reinold Geiger, chairman and majority shareholder (72.39%) of the L’Occitane Group, has decided to privatize the company for €1.8 billion. It is currently valued at over €6 billion.

In recent months, the luxury sector, particularly the fashion industry, has been a topic of much discussion: unexpected appointments and departures, new artistic direction, revised strategies… Fashion houses have made a flurry of announcements and are attempting to withstand the gloomy economic conditions and geopolitical instability.

On Tuesday, the LVMH group posted results for the first quarter of 2024 that were well below the double-digit growth seen previously. The geopolitical context and the normalisation of the Chinese market are the main reasons for this.

Less than a week ago, the French and Chinese flags were unfurled together on the Esplanade des Invalides in Paris in honour of Chinese President […]

After a first failed attempt in 2022, the Della Valle family confirms Tod’s delisting. An operation made possible by the recent acquisition of the brand by LVMH and its investment fund L.Catterton.

Sofitel is launching a significant development strategy for its 60th anniversary. In addition to global expansion projects with openings planned in Europe, Asia, and the United States, the brand announces the renovation of 20% of its network. Sofitel aims to modernize its image and strengthen its position in the luxury sector.

Clarins has just acquired a new estate in Provence, ensuring autonomy in raw materials and complete traceability of its products. By adopting regenerative agricultural practices, the brand aims to produce one-third of its ingredients within five years.

Around two years ago, a fourth set of sanctions against Russia came into force, designed to weaken the country’s economy and hopefully condition the outcome […]

From May 14 to 25, the 77th edition of the Cannes Festival promises international visibility for the 111 films in competition, as well as for the many luxury brands associated with the event.

Precious stones are not the only treasures coveted by high-end jewelers. The red coral from the Mediterranean, distinct from its tropical counterparts found in warmer seas, is a highly sought-after resource.

Significantly slowed down by Gucci, the Kering luxury group confirmed its predictions from last month and reported declining results, reflecting the difficulties faced by the luxury giant in recent months.

With nearly 500 patents pending worldwide, L’Oréal has invested heavily in innovation and technology since its foundation. This Wednesday, the French cosmetics mastodon announced “a significant advance” in the field of tissue engineering.ev

Following the announcement of the creation of Nessifashion, a company focused on supporting emerging fashion brands and strategic consulting, former Gucci CEO Marco Bizzarri reports his first investment in the Elisabetta Franchi brand. ev