The busi­ness of lux­ury

The lat­est news, views and in­sights into the lux­ury in­dus­try

Gulf Business - - FEATURES - Varun God­inho

The lat­est news, views and in­sights into the lux­ury in­dus­try

Vir­gil Abloh is now Artis­tic direc­tor of louis Vuit­ton’s mensweAr

It’s be­ing billed as the big­gest job in fash­ion. Kim Jones quit his post at Louis Vuit­ton in Jan­uary, leav­ing be­hind a cos­mic- sized hole in the op­er­a­tions of the world’s largest lux­ury brand. Louis Vuit­ton was worth GBP20.30bn ($ 28.29bn) in May 2017 and gen­er­ated nearly a quar­ter of the LVMH con­glom­er­ate’s over­all rev­enue. Louis Vuit­ton tapped the 37- year- old Abloh to re­place Jones who in turn was ap­pointed as the cre­ative direc­tor of Dior Homme in March. Ex­pect Abloh, to spring some big sur­prises in the streetwear cat­e­gory for the 164- yearold French brand.

Did you know: Kanye West and Vir­gil Abloh in­terned to­gether at Fendi in 2009. And yes, they were made to fetch cof­fees and work the pho­to­copy­ing ma­chines too.

nike’s Zoom VA­por­fly elite fly­print is here

You’re look­ing at the world’s first run­ning shoes with 3D printed up­pers. The up­pers re­fer to the part of the shoe usu­ally made from tex­tiles. In the case of this shoe though, it’s made from a ma­te­rial called Fly­print shaped via 3D print­ing tech­nol­ogy. You might re­mem­ber Adi­das un­veiled a 3D- printed shoe back in 2016, but Nike claims that this is the first shoe with a 3D printed up­per. This Nike trainer is a col­lab­o­ra­tion be­tween marathon run­ner Eliud Kip­choge, who last year at­tempted to break the two- hour marathon bar­rier in a Zoom Va­por­Fly Elite pair of shoes but missed the mark by a mere 25 se­conds. With these new Fly­print shoes, an ad­di­tional 11 grams have been shaved off; mean­ing this year the ath­lete has a very real chance of shat­ter­ing the two- hour bar­rier. But maybe it’s Nike who’s re­ally go­ing for gold here.

tom ford en­ters the luX­ury wAtch busi­ness

It’s been nearly a year- and- a- half since the Amer­i­can de­signer Tom Ford an­nounced that he was col­lab­o­rat­ing with Tom Kart­so­tis ( the man be­hind Fos­sil and Shi­nola) to launch a new col­lec­tion of lux­ury watches man­u­fac­tured in Switzer­land. Last month, we got a glimpse of the new Tom Ford 001 col­lec­tion, which fea­tures the first few watches from the epony­mous brand. The 001 col­lec­tion of rect­an­gu­lar­cased watches starts from a price point of around $ 2,190 and goes up all the way to $ 8,290 for the pic­tured 18k gold case time­piece, which fea­tures a quartz move­ment, opa­line dial, blued- steel hands and a braided leather strap sourced from France. The ques­tion is whether Tom Ford is pre­pared to go all the way and in­tro­duce a me­chan­i­cal watch col­lec­tion as well. Over to you, Tom.

yooX net- A- porter lAunches jewellery sec­tion

Ac­cord­ing to a re­port by Bain, global sales of jewellery rose 10 per cent in 2017 to $ 21bn. Rea­son enough for e- com­merce gi­ant YOOX Net- a- Porter to launch a sec­tion ded­i­cated to lux­ury watches and high- end jewellery on its web­site. The sec­tion will fea­ture more than 40 brands in­clud­ing heavy hit­ters like Pi­aget, Pomel­lato, Tif­fany, Cartier and Buccellati. The goal of the e- com­merce group is to reach $ 122m in jewellery and watch rev­enues by 2020 and net over­all rev­enues of $ 1.25bn. It’s lit­tle sur­prise then that global con­glom­er­ate Richemont, which al­ready has a 49 per cent stake in Yoox Net- a- Porter Group, made an of­fer of $ 3.4bn to take full con­trol of YNAP as re­cently as Jan­uary this year. Brick- and- mor­tar re­tail, be­ware.

Newspapers in English

Newspapers from UAE

© PressReader. All rights reserved.