The Powers That Be: Daily Condé in Crisis & LVMH Succession Games
Nov 22, 2024
Lauren Sherman, a savvy journalist specializing in fashion and luxury, joins the conversation to dissect Vanity Fair's eyebrow-raising decision to release its Hollywood Issue early, shedding light on Condé Nast's financial uncertainty. The discussion also delves into the LVMH succession saga, focusing on the ambitions of the Arnault heirs. With insights into market trends and the evolving luxury landscape, Sherman provides a captivating glimpse into the future of high fashion and the power plays behind the scenes.
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Vanity Fair's Early Hollywood Issue
- Vanity Fair's September Hollywood Issue release raises questions about Condé Nast's financial stability.
- The move is attributed to easier talent booking, increased "For Your Consideration" advertising, and earlier awards buzz.
Condé Nast's Q4 Outlook
- Condé Nast's Q4 revenue outlook seems poor, especially given the typical Q4 advertising surge.
- This is due to broader consumer brand struggles, particularly in the luxury sector.
Luxury Market Decline
- Luxury goods sales declined due to price increases, market saturation, and decreased spending in China and the US.
- Consumers own multiple items, leading to "fatigue" and reduced demand for new products.