Fashion's High-Stakes Stakes: Luxury Brands Turn to Sport for Success
Manchester, UK - The world of high-end fashion has long been fascinated with sports, a trend that has evolved into a lucrative business opportunity for luxury brands eager to tap into the massive global audience of athletes and sports enthusiasts. From collaborations with famous boxers like Anthony Joshua to prestigious sailing competitions such as the America's Cup, luxury giants are betting big on the popularity of sport.
This summer, Louis Vuitton took center stage at both the Olympic Games in Paris and the 37th America's Cup in Barcelona, cementing its position as a driving force behind the luxury market. The French house not only gained significant media value but also reinforced its reputation through carefully crafted marketing campaigns and sponsorship deals that brought the brand to a new level of popularity.
"Louis Vuitton is a luxury brand, but it doesn't pigeonhole us," said Grant Dalton OBE, president and CEO of the America's Cup partnership with Louis Vuitton. "It just makes us more popular. It makes the sport more popular."
Their success was backed up by LVMH joining forces with Formula One in a lucrative 10-year deal worth as much as $1 billion. The partnership has been designed to showcase multiple brands within the LVMH portfolio, including Louis Vuitton, Moët Hennessy, and TAG Heuer.
According to Daniel-Yaw Miller, sports correspondent at The Business Of Fashion: "As sport itself has become more diverse and inclusive, along with the rise of women's sport, fashion brands have realised there are audiences of millions of people they can speak to via athletes, teams, and advertising at major competitions."
In recent years, it seems that collaborations between sports and fashion brands have become a reliable success formula for retail. High-end designers like Loewe, Miu Miu, and Nike X Jacquemus are creating buzz with their limited-edition collections, as well as innovative designs like sustainable materials and cutting-edge athletic technology.
To ensure the authenticity of these partnerships, industry experts emphasize that brand ambassadors should be deeply invested in both sports AND fashion. For example, the latest Dior Lifestyle Capsule was co-designed with creative director Kim Jones and Lewis Hamilton, showcasing a true symbiosis between sports and fashion innovation.
"It needs to be authentic," said Foday Dumbuya, founder of Labrum, who recently designed an inspiring new away kit for Arsenal FC alongside showing his collection in the stadium. "At Labrum, we're true supporters of the game, and we can’t buy this kind of enthusiasm."
There is no doubt that fashion's affinity for sports has created a market where both sectors benefit from each other's popularity. Whether through innovative collaborations or creative ambassadorship partnerships, brands are eager to showcase their commitment to these new ventures.
Now, with celebrities like Roger Federer designing for Uniqlo and Cardi B making splashy appearances at fashion shows, it seems that the stakes of sport have indeed been raised for the entire world of high-end fashion.