Eva Morletto

From Milan to Tokyo, luxury shops are becoming drivers of property value growth. In Milan, rents for retail space in the Galleria Vittorio Emanuele II – a sumptuous 19th-century arcade adjacent to the Duomo, the city’s historic landmark – now generate over 90 million euros a year for the local council, compared with 53 million in 2021, representing an increase of around 70 per cent.

More willing to spend, better informed, and—paradoxically—more discreet, Gen Z buyers favor thoughtful acquisitions and private circles. The study The Art Basel and UBS Survey of Global Collecting reveals a profound transformation in collecting practices.

Luca de Meo’s ReconKering strategic plan is gradually taking shape. Kering is accelerating its restructuring with a clear ambition: to strengthen the group’s shared functions while fundamentally transforming the way it designs, produces and markets luxury goods.

The Arnault family is taking another step toward simplifying the structure through which it controls the LVMH empire. The board of directors of Christian Dior has just announced a reorganization plan aimed at consolidating several family-owned holding companies into a single publicly traded company, Agache.

With 47.89% of Hugo Boss’s share capital and voting rights, Frasers Group has not yet crossed the 50% threshold. But the appointment of Michael Murray as chairman of the supervisory board, along with the expected arrival of a second representative of the British group, shows that it is already exerting direct influence over the governance of the German company.

British designer Kim Jones is taking control of his own entrepreneurial destiny. The former creative director of Dior Men and Fendi has just officially launched his eponymous label, whose first Autumn/Winter 2027 collection will go on sale online from next spring.

U.S. credit card spending on luxury goods fell 6% in September 2026, following two months of 4% declines. This is a worrying sign for a market that remains central to the luxury industry.

Geopolitics, artificial intelligence, trade fragmentation and new means of payment: the IMF’s 2026 Annual Report describes a global economy that is proving resilient, but whose underlying balances are becoming increasingly fragile. For the luxury industry, these transformations could fundamentally reshape the path to growth.

Antoine Arnault is expanding his investment portfolio into the world of high-end automobiles. The son of Bernard Arnault and a member of LVMH’s executive committee has acquired a stake in Delage Automobiles, the French manufacturer revived by Laurent Tapie, son of businessman Bernard Tapie. The investment is being made personally by Arnault: LVMH is not believed to be involved in the transaction. The amount invested and the percentage of the capital acquired have not been disclosed to the press.

More than a century after opening its first boutique in the Galleria Vittorio Emanuele II, Prada is transforming its historic address into a complex combining retail, heritage, culture, gastronomy and hospitality. The 360-degree project is designed to strengthen relationships with the group’s most strategic clients and support the next phase of its development.

In response to the global boom in K-Beauty, South Korea is strengthening its arsenal against counterfeiting. President Lee Jae-myung has just launched a national authentication system designed to protect Korean brands, whose cosmetics exports are reaching record levels.

One year after officially entering the makeup market, Louis Vuitton is celebrating the journey with a special edition of its Vivienne mascot featuring Pat McGrath. The initiative highlights a strategy focused on ultra-luxury, desirability and the House’s distinctive codes, rather than a race for volume.

One year after Giorgio Armani’s will was disclosed, providing for the sale of a 15% stake in the group within 12 to 18 months of his death, CEO Giuseppe Marsocci has confirmed that the stake could be divided among several investors. The option could reshape the ownership structure of the Italian fashion house.

Eighteen months after stepping down as Versace’s creative director, Donatella Versace is preparing for a new chapter in her career. In partnership with Revolve Group, the 71-year-old designer will launch an independent brand in 2027, with beauty as its entry point and an international ambition.

The German group is preparing for a change in governance as its financial performance deteriorates and Frasers Group significantly strengthens its stake in the company. Stephan Sturm’s departure, expected on October 15, comes at a strategically important time for Hugo Boss.