MILAN — Many luxury stocks have been having a tough time of late, but Bulgari seems to be especially hard hit.
Once a high-flying market star with sought-after multiples, Bulgari has hit a stall. Slumping demand for watches, compounded by Bulgari’s reliance on flashy, fashion-driven collections — which have shorter shelf life than those of its competitors — have also sliced into sales at the family jeweler, some analysts said.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"