MILAN — Tod’s Group has appointed Marco Felci chief executive officer, Americas. He succeeds Roberto Lorenzini, who, as reported, is stepping down in mutual agreement with the owners of the Italian group, the Della Valle family. More from WWD Felci joins Tod’s from Dolce & Gabbana, where he held the role of executive vice president, commercial. Felci brings to the Italian group more than 20 years of experience in the luxury and fashion industry, with a strong focus on the American market. He began his c ...

Group 1 - Hackers have stolen private details of potentially millions of customers from luxury brands Gucci, Balenciaga, and Alexander McQueen [1] - The attack targeted the French parent company Kering, which oversees these luxury labels [1] - This incident raises concerns about data security within the luxury goods sector [1]

Kering is zeroing in on a contract to make Francesca Bellettini, one of its most high-profile and accomplished executives, the next chief executive officer at Gucci, WWD has learned. According to multiple industry sources, Bellettini will succeed Stefano Cantino and Cantino will exit the Italian fashion house after only about nine months in the role, during which there has been significant change. More from WWD It is understood an announcement could come as early as this week. Officials at Gucci and Ker ...

As a firm believer in astrology, he was a Cancer in every way: creative, hyper-sensitive and introverted. He was Giorgio Armani, and he was not for sale. Read our obituary https://t.co/07bYViP0WG ...

Core Insights - The resale market for luxury goods has significantly expanded, with one in three American luxury consumers engaging in buying or selling on resale platforms, indicating a growing trend towards secondhand luxury shopping [1] - A notable percentage of shoppers, 47%, consider the resale value of clothing before making purchases, highlighting a shift in consumer behavior towards investment-minded buying [1] - The RealReal's report indicates that certain luxury items have maintained or increased their resale value over time, driven by factors such as tariffs and market demand [2][3] Luxury Item Insights - The Louis Vuitton Speedy bag has seen a 13% increase in average resale price since 2021, with current resale prices ranging from $380 to $13,500 depending on model and condition [6][7] - The Hermès Birkin 30 bag commands an average resale price that is 1.7 times its retail price, with a 15% increase in average price since 2021, and current resale prices ranging from $9,450 to $350,000 [11][12] - The Goyard Saint Louis tote has experienced an 18% increase in average resale price since 2021, with resale prices ranging from $720 to $5,200 [16] - Van Cleef & Arpels' Alhambra jewelry line has seen a 20% increase in prices since 2021, with items priced between $1,425 and $165,000 [21]

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 ...

Core Points - Hermès International publishes the total number of voting rights and shares comprising its share capital monthly, in accordance with French regulations [2] - The data includes the total number of shares, theoretical voting rights, and effective voting rights, which are reported for the end of each month [3][4] Summary by Category Voting Rights and Shares - As of August 31, 2025, Hermès had a total of 569,412 shares and 545,613 theoretical voting rights, with 178,811 effective voting rights [3] - The number of effective voting rights has shown fluctuations over the months, with a peak of 818,530 effective voting rights recorded on June 30, 2025 [3] - The effective voting rights decreased from 612,915 in July 2023 to 545,613 in August 2025, indicating a downward trend over this period [3] Monthly Reporting - The company consistently reports its voting rights and shares on the 11th of each month for the previous month’s data [2] - The reporting includes detailed figures for each month, allowing for tracking of changes in voting rights and shares over time [3][4]

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 ...

Core Insights - Larry Ellison has surpassed Elon Musk to become the world's richest person, following Oracle's earnings report that exceeded Wall Street expectations, resulting in a significant stock price increase [1][4]. Company Performance - Oracle reported earnings on September 9 that beat expectations, leading to a stock price surge of up to 40% the following day [1][3]. - The company's stock reached a record high of $345 on September 10, marking its largest one-day percentage increase since 1992, and has increased approximately 100% year-to-date from $166 [4]. Wealth Comparison - As of September 10, Ellison's net worth rose by $101 billion to $393 billion, while Musk's net worth was $385 billion [4]. - Ellison's wealth is primarily tied to Oracle, and this marks the first time he has held the title of the world's richest person [2][6]. Market Context - The combined wealth of the 400 richest Americans is reported to be $6.6 trillion, indicating a trend of increasing wealth among the richest individuals [6]. - Musk's Tesla shares have decreased by approximately 7% year-to-date, contrasting with Oracle's performance [5].