Core Insights - The luxury market thrives on exclusivity, which enhances brand value and customer experience, making products like Hermès Birkin bags and prime retail spaces highly desirable [1][2] Group 1: Exclusivity in Luxury Brands - Luxury brands like Hermès and Rolex create desire through limited production runs and managed distribution, fostering a sense of exclusivity [2] - Hermès employs a strategy of artificial scarcity, limiting the availability of products to enhance their desirability, with customers often spending significant amounts on non-bag items to gain access to coveted products [3] - In the first half of 2025, Hermès reported consolidated revenue of €8 billion, an 8% increase at constant exchange rates compared to 2024, with recurring operating income at €3.3 billion, representing 41.4% of sales [4] Group 2: Real Estate Strategies - In commercial real estate, exclusivity and tenant mix are crucial for portfolio performance, with luxury brands viewed as investments that enhance visibility and foot traffic [5] - Landlords cluster anchor tenants and luxury brands to create demand for smaller stores, leveraging the presence of flagship brands to increase property value [6] - Simon Properties' Class A malls maintain occupancy rates around 96%, allowing for higher base rents and positioning access to prime locations as a key incentive [8] Group 3: Ownership Trends - Luxury brands are increasingly acquiring retail properties, with companies like Prada and Kering spending over $9 billion on high-profile locations, securing long-term access and control over the retail experience [9][10]

MILAN – Salvatore Ferragamo SpA has named a new ad interim chief financial officer. Less than two years into the job, Pierre La Tour has left the CFO position to pursue other professional opportunities, the company announced after the market closed on Thursday. More from WWD La Tour’s next move could not immediately be learned. Paolo La Morgia, a seasoned Ferragamo executive and its current group planning and control director and group risk and internal control director, has been promoted to the CFO role ...

RELEASE Paris, September 11, 2025 INFORMATION RELATING TO THE TOTAL NUMBER OF VOTING RIGHTS AND SHARES COMPRISING THE SHARE CAPITAL In accordance with the provisions of Article L. 233-8 of the French Commercial Code (Code de commerce) and Article 223-16 of the General Regulations of French Autorité des Marchés Financiers (AMF), Hermès international publishes each month, before the 15th day of the following month, the total number of voting rights and the number of shares comprising the share capital if they ...

Sotheby’s reported a nearly 20% drop in revenue from commissions and fees last year as sales of luxury items and works of fine art at auction dwindled https://t.co/zxG76GUj9W ...

Elon Musk has been booted from his spot as the world's richest person, according to Bloomberg's latest ranking. That title now belongs to Oracle co-founder Larry Ellison, who moves into the spot after the company reported earnings Sept. 9 that beat Wall Street expectations and sent its stock skyrocketing by as much as 40% the following day. Musk had been considered the world’s richest person for just over 300 days. He first claimed the spot in 2021 but lost the title to Amazon founder Jeff Bezos, then Ber ...

MILAN – Kering’s new course continues to take shape. A day after the luxury group’s combined general meeting and the first public appearance of chief executive officer Luca De Meo, the French company and Mayhoola jointly announced that the current ownership structure of the Valentino house will not change before 2028 at the earliest. More from WWD This represents an amendment to their shareholders’ agreement, inked at the time of Kering’s acquisition of a stake in Valentino in 2023. Two years ago, Kering ...

Group 1 - Kering will not fully acquire Italian fashion brand Valentino until at least 2028, marking a significant decision under new CEO Luca de Meo [1][2] - The delay in the acquisition is part of Kering's strategy to manage its substantial debt of 9.5 billion euros ($11.13 billion) [2][5] - The current ownership structure of Valentino will remain unchanged until at least 2028, with options for Kering to acquire the remaining 70% stake postponed to 2028 and 2029 [3] Group 2 - The full acquisition of Valentino was initially estimated to cost Kering around 4 billion euros, but this figure may vary based on the brand's performance [4] - Valentino's revenue declined by 2% to 1.3 billion euros, and its core earnings (EBITDA) fell by 22% to 246 million euros last year [5] - CEO de Meo emphasized the need to reduce debt and costs, and to rationalize and reorganize some brands, indicating a challenging path ahead [6]

Take a look at shares of Coach and Kate Spade owner Tapestry up nearly 60% this year alone. Although shares under some pressure today as the company holds its investor day here in New York City. It announces a new growth strategy calling it amplify.The company now targeting revenue growth of mids single digits annually through fiscal 2028 after delivering record revenue of 7 billion last year. I got a chance to speak with the CEO Joanne Kbiserat in a first on CNBC interview where we discussed Tapestry's mes ...

Core Viewpoint - Roberto Lorenzini is stepping down as CEO of Tod's Group for the Americas, a decision made in mutual agreement with the Della Valle family, the owners of the company [1] Group 1: Leadership Transition - Lorenzini has led the organization for over a decade and expressed pride in the accomplishments during his tenure, including resilience during challenging times and new growth strategies [2] - The Della Valle family praised Lorenzini for his significant contributions to the company's growth in the U.S., including building a strong team and navigating challenges like the pandemic [2] - Lorenzini will continue to support the company in an advisory capacity during the transition to ensure continuity and sustained momentum [4] Group 2: Business Performance - In 2023, revenues in the Americas reached 85 million euros, reflecting a 3.5 percent increase from 2022, which accounted for 7.6 percent of total sales of 1.12 billion euros [4] Group 3: Background of Lorenzini - Prior to joining Tod's, Lorenzini held various leadership roles in luxury retail, including positions at Etoile Group, Sixty USA, and Versace USA, as well as earlier roles at Fendi, PricewaterhouseCoopers, and Deloitte & Touche [3]

Donald Trump Attends U.S. Open Final As A Guest Of Rolex—Despite Switzerland Tariffs (Photos)https://t.co/d4rSTxU0Vw https://t.co/AhmWiErWbJ ...