Luxury News of the Week: Ferrari unveils Luce EV, Tim Cook Steps Down and More

This week’s luxury landscape unfolds across five defining narratives spanning fashion, hospitality, automotive innovation and corporate leadership. From experiential wellness redefined by Fairmont to design-led expansion in Indian fashion, the global luxury ecosystem reflects a moment of transition. The common thread is clear: legacy brands are recalibrating identity, experience and scale for a new luxury consumer era shaped by culture, technology and emotional value. Read on.

Baume & Mercier names Janhvi Kapoor Friend of the Maison

Swiss watchmaker Baume & Mercier has appointed Janhvi Kapoor as Friend of the Maison, marking a new cultural partnership for the heritage brand. The collaboration coincides with the launch of the Joia de Baume & Mercier collection at Watches & Wonders 2026, celebrating a bold and instinctive expression of contemporary femininity. Kapoor’s evolving presence in cinema and fashion aligns with the Maison’s emphasis on individuality and emotional storytelling through watchmaking.

Fairmont reframes global luxury wellness with Kylian Mbappé-led campaign

Fairmont Hotels & Resorts has unveiled its new global campaign Wellness Without Walls, repositioning wellness as a seamless extension of modern luxury hospitality. Fronted by footballer Kylian Mbappé as the brand’s first Wellness Ambassador, the initiative blends performance, recovery and travel-led balance. The campaign expands across Fairmont’s global portfolio, integrating wellness into everyday guest experience. It reflects a shift from traditional spa and gym formats to lifestyle-driven well-being ecosystems. It reflects rising demand for personalised, experience-led well-being in premium travel.

S&N by Shantnu Nikhil expands couture universe with SNCC lifestyle debut

Shantnu Nikhil introduces S&N Prestige Prêt alongside Shantnu Nikhil Cricket Club, marking a dual expansion of its design universe. S&N delivers couture-led occasionwear across over 500 styles, defined by sculpted tailoring and refined drape. SNCC translates cricket heritage into elevated everyday luxury through sport-inspired silhouettes. The collections span occasion wear and lifestyle dressing within a unified aesthetic language.

Prada reaffirms its iconic Galleria Bag

First introduced in 2007, the Prada Galleria continues to stand as one of the brand’s most recognisable handbag icons. Named after the historic boutique opened by Mario Prada in Milan’s Galleria Vittorio Emanuele II in 1913, the bag reflects the house’s long standing heritage while remaining relevant in contemporary fashion. Inspired by structured handbags of the mid twentieth century, the Galleria features a refined rectangular silhouette, top handle and a functional interior with three compartments. Crafted from 83 individual components with hand painted leather edges and the signature Prada triangle emblem, the bag was originally introduced in the brand’s patented Saffiano leather, reinforcing Prada’s legacy of Italian craftsmanship and timeless design.

Tim Cook steps down as Apple’s CEO

Tim Cook will exit his role as Apple CEO in September 2026 after 15 years of transformational leadership. He turned Apple into a $4 trillion ecosystem driven by services, hardware dominance and global scale. The company’s expansion under Cook was defined by operational discipline and recurring revenue strength. His tenure marked a shift from product-led innovation to ecosystem-led monetisation. He will transition into an executive chairman role after succession.

Dolce & Gabbana appoints Stefano Cantino as co-CEO amid luxury reset

Dolce & Gabbana has named Stefano Cantino co-CEO alongside Alfonso Dolce in a strategic leadership restructuring. The move supports the brand’s ambition to evolve into a global lifestyle-driven luxury house. Cantino brings extensive experience from Gucci and Louis Vuitton during a period of market recalibration. The leadership shift reflects broader restructuring trends across European luxury brands. It signals a focus on long-term brand expansion and organisational transformation.

Ferrari unveils Luce EV in collaboration with Jony Ive

Ferrari introduces the Luce, an electric supercar developed in collaboration with Jony Ive’s LoveFrom studio. The model merges extreme performance engineering with a tactile, driver-focused interior philosophy. It delivers over 1000 horsepower with advanced EV architecture and aerodynamic design. The cabin prioritises physical interaction alongside adaptive digital systems while the launch signals Ferrari’s next phase in emotionally driven electric luxury mobility.

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