Eva Morletto

Despite an industry in crisis, Angola, a key diamond market, says it is ready to buy back the 85% stake held by Anglo American in South African diamond company De Beers, through its company Endiama.

Hotel giant Accor, already heavily involved in the premium segment, is taking a new step forward with the opening of the first address in its new luxury Emblems Collection: Lucknam Park in the English countryside.

Shortly after taking the reins at Kering, Luca de Meo has launched a strategic review of the group’s brands, including its flagship Gucci. Bain & Company and Boston Consulting Group (BCG) have been tasked with rethinking the group’s activities to boost performance and implement coherent financial and commercial strategies.

Kering announced yesterday evening a 10% decline in revenue in the third quarter, to €3.4 billion. These are the first results published since Luca De Meo took the reins of the Pinault family’s group last September. However, there are some signs of improvement beginning to emerge.

Another shockwave has hit the luxury fashion world: on Tuesday, the European Commission fined Gucci, Loewe, and Chloé, flagship brands of French giants Kering and LVMH and Swiss company Richemont, €157 million.

On Thursday, the British luxury goods company showed the first signs recovery following a turnaround plan launched over a year ago. For the first time in two years, Burberry posted a quarterly increase in sales (+2% on a comparable basis).

On Thursday, Hermès confirmed its acquisition of a minority stake in the Piedmont-based company specializing in cashmere and fine fibers, thereby strengthening its vertical integration strategy.

In the third quarter of 2025, Moncler posted sales of €615.6 million, down slightly by 1%. Despite the difficult economic climate, the results published yesterday exceeded analysts’ expectations and confirmed the group’s ability to stay on track.

After announcing the acquisition of Kering’s beauty division yesterday, the world leader in cosmetics and beauty reported sales of €32.80 billion for the first nine months of 2025 this Tuesday, up 3.4% compared to the same period last year, based on comparable data.

On Tuesday, October 14, LVMH announced slight growth of 1% in the third quarter, with revenue of €18.28 billion, confirming the strength of the French luxury giant despite a complex global environment. On the same day, Fendi, part of the group, appointed Maria Grazia Chiuri as creative director after a remarkable career at Dior.

Shiseido published these forecasts on Monday, November 10, along with its financial results for the first nine months of the year. The company now expects a net loss of 52 billion yen, or approximately $337 million, whereas a few months earlier it was still forecasting a profit of $38 million.

On Tuesday, Canada turned the page on a controversial tax. The day after the federal budget was tabled, the luxury tax on aircraft and pleasure boats will no longer be payable.

The Globus department store chain is facing an unprecedented financial storm. Burdened by a CHF 125 million loan from Migros and weakened by the crisis affecting its Austrian shareholder Signa, the brand is struggling to regain its footing. With a recovery not expected before 2026, the group is attempting to reinvent its model in a rapidly changing European department store sector.

On Sunday, Kering announced in a press release that it was selling its beauty subsidiary, created in 2023, to French giant L’Oréal for €4 billion. The transaction, carried out under the new leadership of Luca de Meo, is expected to be finalized in the first half of 2026 and could alleviate the financial difficulties Kering has been experiencing for several years.

Ferrari’s success benefits from a rare characteristic: consistency. Last Thursday, the legendary car manufacturer with the prancing horse logo published its strategic plan for 2030. By exceeding its profitability targets for 2026 by a year, the brand is an exception. However, its share price fell on the stock market when these revelations were made. Ferrari plans to launch an average of four new cars per year between 2026 and 2030.