How Rimowa Keeps Growing in a Luxury Downturn

The Debrief: Luxury's Slowdown; BoF VOICES 2024 Day One

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WHAT YOU NEED TO KNOW TODAY: WEDNESDAY, NOVEMBER 13, 2024 "Functional luxury" brands like Rimowa are outperforming in a rocky market. On the first day of BoF VOICES 2024, former Vanity Fair editor Tina Brown, activist Nemonte Nenquimo and more looked at the issues shaping the world today. The latest episode of the Debrief podcast dives into the downturn in luxury sales, and how the sector might come back. Activewear brand On continued its winning streak, raising its sales outlook for 2024. Plus, BoF VOICES 2024 continues today from 10:30am London, 5:30am New York. Join us to learn from Simon Porte Jacquemus, Lauren Santo Domingo, Lawrence Lenihan, Gilda Ambrosio, Giorgia Tordini and more. Watch live.

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LUXURY 'Functional Luxury': How Rimowa Keeps Growing in a Downturn By Simone Stern Carbone After quadrupling sales in five years following LVMH's acquisition, the German luggage maker is seeing continued momentum during rocky times for high-end shopping, including in China. CEO Hugues Bonnet-Masimbert says the brand is focusing on functionality and innovation, including its first push into the handbag category. READ MORE

NEWS & ANALYSIS BoF VOICES 2024: Confronting an Age of Uncertainty By Sarah Kent

Former Vanity Fair editor Tina Brown, indigenous environmental activist Nemonte Nenquimo and McKinsey Global Institute chair Sven Smit unpack the cultural, economic, political and technological forces reforging the global landscape. READ MORE

BoF PROFESSIONAL Join now and enjoy your first 30 days for just $/£/€1 START TRIAL

NEWS BRIEFS On Boosts Outlook on Record Sales for Sneaker Upstart Shopify Surges After Third Quarter Revenue Beats Estimates Alibaba, JD Tout Singles' Day Highs While China Economy Sags

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PODCAST The Debrief | Inside Luxury's Slowdown By Brian Baskin and Robert Williams

BoF EVENTS

Join Us Live Today for BoF VOICES 2024 The BoF VOICES 2024 global livestream continues today at 10:30am London time, 5:30am in New York with our next session on The Fashion System. The fashion, luxury and beauty industries are transforming before our eyes. Here we encounter the people who are challenging the status quo – including Moda Operandi's co-founder Lauren Santo Domingo, Mytheresa's chief executive Michael Kliger, Jacquemus founder and creative director Simon Porte Jacquemus and more. Plus, don't miss Session 3: Technology and Innovation at 3pm London time, 10am in New York with speakers including Resonance chairman and co-founder Lawrence Lenihan, co-founders of The Attico Gilda Ambrosio and Giorgia Tordini, Google's senior director of global consumer marketing and strategy for commerce Stephanie Horton, Sonic Apothecary founder Rosey Chan and more. JOIN THE LIVESTREAM

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