Hermès

Rising prices, shifting consumer tastes and manufacturing scandals are eroding trust in luxury, giving counterfeiters and dupe-makers new opportunities to win over shoppers seeking style at a more accessible cost, writes Andrea Felsted.

Shares fell as much as 4.7 percent even after the company reported second-quarter sales growth that far outpaced major luxury rivals.

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.

In a changing industry, today’s talent is seeking more from employers. BoF Careers asked over 1,000 global fashion professionals which companies they most want to work for in 2025 — and why. Here are the results.

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.

Julian Klausner’s Dries Van Noten was the winner of a Paris men’s season where grand statements risked overpowering the fashion, reports Angelo Flaccavento.

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

LVMH and Hermès stock fell about 3 percent and 4 percent respectively, in line with sector peers including Kering, Prada and Burberry, after the US president announced a 50 percent duty on imports from the European Union.

Hermès, Chanel and Louis Vuitton are among the luxury megabrands that have largely remained quiet amid a flood of viral TikToks falsely suggesting their bags are made in China.

This month, US antitrust actions against Google and Meta threatened to upend fashion marketing, even as ‘Liberation Day’ tariffs jolted the industry’s supply chains. Read on for your concise breakdown of April’s key developments from executive editor Brian Baskin.