News

15 April 2026

Airports are closed — and luxury’s most profitable channel is collapsing

The travel retail industry is worth $74 billion. Stores are shifting stock between airports, and DFS is already costing LVMH two percentage points of growth.

14 April 2026

Gucci falls for an eleventh consecutive quarter — sales are half their 2023 level

Down 8% for the quarter. And that just days before Luca de Meo is due to present a turnaround plan for the €33 billion group.

14 April 2026

Footfall in Middle Eastern malls has halved — and it cost LVMH a percentage point of sales

The shares fell 3%, and are down 27% since the start of the year. “If they are doing everything right and still cannot move the needle, that says something about the health of the whole sector.”

13 April 2026

Dubai is no longer a gold mine: luxury sales down 30–50%

Annual revenue per square metre here ran to hundreds of thousands of euros — many times the global average. In March, footfall at the Dubai Mall roughly halved.

02 April 2026

Mark Thomas leaves Carven after two shows

“You don’t need to break something that is starting to work,” he said before his first show. A year later he is out, and the house is without a designer again.

02 April 2026

Shanghai has stopped catching up: minimalism is over, colour and emotion are back

The week closed with Glenn Martens’s Maison Margiela show. But the real story is not a single trend — it is a change of posture: the city no longer reacts to global fashion, it works inside it.

30 March 2026

Drew Henry takes over Courrèges — another alumnus of the Phoebe Philo studio

Philo-era Céline has turned out to be modern fashion’s great talent factory: Daniel Lee, Matthieu Blazy and Michael Rider all came out of it. Now Drew Henry.

27 March 2026

Fifteen brands would enter India tomorrow. There is nowhere to put them

A country of 1.5 billion people has just three genuine luxury malls. The extension of the main one will not open before the end of 2028.