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LVMH acquires Challenges, Sciences et Avenir and La Recherche

Luxury giant LVMH announced on Tuesday it has acquired the magazines Challenges, Sciences et Avenir and La Recherche as planned. According to a statement, the group intends to ensure their “longevity”. Businessman Claude Perdriel, who was the majority shareholder until now, had agreed to the sale for a symbolic one euro. He has now retired from...

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Fashion|Opinion

2025: The year luxury lost its sheen?

If 2025 will be remembered for anything in fashion, it may be as the year luxury brands discovered that belief in the idea of luxury itself is not infinite. After more than a decade of uninterrupted growth, price inflation and relentless “newness,” the social contract between luxury houses and their customers began to fray. Factory and marketing...

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