Luxury’s Growth Outlook

Louis Vuitton CEO on Pharrell's Debut; The BoF Podcast: Fashion in the Middle East

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WHAT YOU NEED TO KNOW TODAY: SATURDAY, JUNE 24, 2023 This week on The BoF Podcast, explore the changing dynamics of Saudi Arabia's fashion industry. Louis Vuitton's CEO answers key questions on Pharrell's appointment and debut. The luxury sector is set to grow between 5 and 12 percent in 2023, according to Bain. Rihanna is stepping down as chief executive of her lingerie brand Savage X Fenty. Plus, after Pharrell's Louis Vuitton debut, revisit BoF's interview with Virgil Abloh soon after his own start at the brand.

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GLOBAL MARKETS The BoF Podcast | Examining the Complexity of Fashion in Saudi Arabia By BoF Team

Saudi Arabia's fashion industry is growing thanks to changing regulations, new funding and an influx of creative talent. What do fashion professionals need to know? READ MORE

LUXURY Louis Vuitton's CEO Answers Key Questions on Pharrell's Debut By Imran Amed

Pietro Beccari spoke to BoF editor-in-chief Imran Amed about why Vuitton decided to give the men's creative directorship to a celebrity musician and not a traditional fashion designer; what Pharrell Williams actually does in the role; and how the CEO measured the success of Williams' debut show. READ MORE

LUXURY Bain: Luxury Set for 5% to 12% Growth Amid Increased Performance Polarisation By Tamison O'Connor

Growth will largely come from a rebound in China, a strong Japan market and tourism to Europe. However, brands won't feel the impact equally, said Bain partner Claudia D'Arpizio. READ MORE

US Lawmakers Find 'Extremely High Risk' That Products Sold on Temu Are Linked to Forced Labour READ MORE

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NEWS BRIEFS Inside Frasers Group Owner Mike Ashley's Controversial Acquisition Strategy Rihanna Steps Down as CEO at Her Savage X Fenty Lingerie Brand

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