DUBAI — Chalhoub Group has revealed that Michael Chalhoub, 37, will take over as chief executive officer from his father, Patrick Chalhoub, effective Jan. 1. The transition represents a pivotal moment for one of the Middle East‘s biggest luxury retail groups as Patrick moves into the role of executive chairman after more than two decades … Read more
2024 was the year travel made a full recovery — this comes after a 75 percent decline in travel in 2020 with the global pandemic, according to a McKinsey report from May 2024. Domestic travel is expected to also grow 3 percent annually and travel spending represented 9 percent of this year’s global GDP. In … Read more
French luxury brand Chanel has named former Bottega Veneta creative boss Matthieu Blazy as its new artistic director, one of the biggest jobs in fashion, where he will be tasked with finally turning the page on the Karl Lagerfeld era. Blazy, 40, will be replaced at Bottega Veneta by British designer Louise Trotter, currently director … Read more
As reported by The South African website, South Africa-born Elon Musk is the runaway richest man in the world. According to the Forbes Real Time Billionaires, the 53-year-old Musk, at the time of publishing, boasts a fortune of $323.2 billion. Focused on curating art But who holds the title of richest woman? The answer is … Read more
MILAN – The challenging economy impacting the luxury industry and the travel retail sector is leading DFS Group to close the commercial activities of the Fondaco dei Tedeschi store in Venice. The sprawling unit first opened in 2016 and was at the time the first DFS store in Europe. In a statement on Friday issued … Read more
Aupen, the buzzy fashion accessories brand worn by celebrities such as Taylor Swift, Hailey Bieber, Jennifer Lawrence, Kylie Jenner and Beyoncé, has always kept its founder’s identity private. It has now decided to reveal his name. He is Nicholas Tan, a Singaporean entrepreneur. Before founding the successful accessories brand, Tan owned a fashion showroom in … Read more
PARIS — Yet another high-profile design vacancy opened Friday when Fendi revealed that Kim Jones would step down after four eventful years as artistic director of haute couture, ready-to-wear and fur collections for women. He will “now concentrate fully on his role of artistic director at Dior Men’s,” the Roman house said in a brief … Read more
PARIS – There are more executive changes afoot in the highest echelons of LVMH Moët Hennessy Louis Vuitton – this time at DFS Group Ltd. Benjamin Vuchot, the travel retail operator’s chairman and chief executive officer, is leaving DFS to “pursue other professional interests,” according to LVMH in a LinkedIn post today. Vuchot will be succeeded … Read more
“Made in Italy: shame in Italy,” chanted a handful of migrant labourers last week in Geneva, Switzerland, outside the flagship store of luxury accessory maker Montblanc, having travelled from Italy’s famed leatherwear region Tuscany. Standing about 3km (two miles) from where Montblanc’s US$76 billion parent company Richemont was meeting shareholders, the workers – flanked by … Read more
PUIG‘S DECISION: Puig Fashion Group is going fur-free. The decision will extend to its licensed brand, CH Carolina Herrera, in which Puig holds significant shares, following a 12-month phase-out period. “We are thrilled that Puig has joined the growing list of companies committed to ending the use of fur in its products,” said Matthew Klein, … Read more
