luxury / Conglomerates

Incoming chief executive Luca De Meo needs to urgently tackle two problems, debt levels and management structure, writes Luca Solca.

The French leather goods giant said it would fully pass on the effects of tariffs to its clients in the US, where it raised prices by an additional 5 percent this year.

A steep sales decline at the sector bellwether’s core fashion and leather goods division, which houses Louis Vuitton and Dior, point to a long road ahead.

Sales in the group's critical fashion and leather goods division — which includes flagship brand Louis Vuitton — fell 9 percent in the latest quarter. The group is fending off challenges across key units.

Luca De Meo’s appointment as the French group’s chief executive is an admission of the seriousness of the crisis the company is facing, as well as a signal of its intent to do something about it, writes Imran Amed.

The luxury goods maker is reeling from a sharp downturn in the €364 billion industry — and questions about succession are growing louder.

The Gucci and Saint Laurent owner is splitting its chairman and CEO roles, bringing in Luca de Meo, a turnaround expert who has revived multiple automotive brands, to support the Pinault family.

In a rare in-depth interview, the Dior chief executive talks to BoF’s Imran Amed about the logic for hiring Anderson to oversee both the men’s and women’s sides of the business and how the French mega-brand plans to recapture customers amid a sharp downturn in the luxury sector.