Victoria Beckham: The Beauty Company Inside The Fashion House

 
 

The desire is real and it is priced. The open question is which company is actually for sale, and on whose numbers.

Rafael Carlesso

I write about luxury as a cultural and economic system: image, desire, pricing and perceived value before the numbers. Coverage includes LVMH, Kering, Richemont, Prada, Armani, Moncler, Brunello Cucinelli, Zegna and Dolce & Gabbana. Cited by Reuters on LVMH and aspirational pricing trust. Author of an SSRN paper on governing AI-generated imagery in luxury. Trained as an architect, with an MBA in marketing, branding and growth. Based in Milan.

https://www.rafaelcarlesso.com
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LVMH H1 2026: The Margin Held, Desire Did Not

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Zegna Group: One Brand Carries the Group