The 2023 revenue of 9 brands and groups shows that last year, also due to inflation (which raised prices), the real challenge wasn’t revenue but marginality. From Lanvin to Borbonese, we report on them one by one. The challenge of maintaining margins Lanvin Group 2023 was a “transition year”, says the group: preliminary revenue shows...
A crackling end of 2023 for fashion seats. The rumours were ignited by Simon Porte Jacquemus (photo left, from Instagram) who posted a photo of Hubert de Givenchy‘s office on his personal Instagram profile. Inevitably, speculation started: will he be the brand’s new creative director? While people are struggling with doubt, it is Bulgari that...
While the world (fashion and otherwise) calls for caution, there are still those who dare to dare. The fashion world proposes everyday looks of unexaggerated elegance, the so-called “quiet luxury”. Well, Rick Owens swept the mood with intense and energetic colours, together with the brand’s typical total black, and almost entirely leather constructions. The sculptural...
New rumor surrounding Alessandro Michele. It seems LVMH is thinking of hiring Gucci’s ex-creative director Alessandro Michele. It’s not yet known in what capacity, but Bernard Arnault doesn’t want to miss out on the chance to engage the creative talent behind Gucci’s rebirth. The hypothesis of Michele going to LVMH is just the latest rumor...
Lanvin’s first semester showed some positive signs and some difficulties. Sergio Rossi performed well, but the leading brand is being impacted by the creative director vacancy (which management hopes to fill as soon as possible). PVH showed promise in its performances during the last quarter, and is handling the market better than its competitors, when...
Fashion and luxury will be under review in September, which will be a month of changes, goodbyes and rookies launching their career. The first collection by Gucci’s stylist Sabato De Sarno (in photo) will be presented. But also those by Peter Do at Helmut Lang and of Peter Hawkings for Tom Ford. The US brand...
Nothing to worry about: Italy and France will dominate the luxury segment for centuries. It’s a question of DNA, history, culture. “Luxury can’t be invented”, says Pietro Beccari (in photo from Imagoeconomica), the Italian manager given the helm of Louis Vuitton by LVMH’s boss Bernard Arnault. The most powerful luxury brand with a revenue of over...
Not at Louis Vuitton, but at Clarks. Before the appointment of Pharell Williams, rumours had Martine Rose among the most likely candidates to fill the position left vacant by Virgil Abloh. Instead, the British-Jamaican designer has landed at Clarks, as the brand’s first guest designer. The collaboration will be for a limited time. But it...
Riccardo Sciutto is no longer the CEO of Sergio Rossi. In his place, parent company Lanvin Group has appointed Paul Kotrba (right, in the photo) as interim president, effective 17 April 2023. Last April, Sciutto had ended his term as president of CERCAL. Gianfranco Gianangeli (left, in the photo), meanwhile, stepped down as CEO of...
Financial results coming out one after the other. Piquadro and Zegna recorded solid performances during the 1st quarter of 2023. A result that Ferragamo doesn’t achieve, while Sergio Rossi shows slightly higher revenue in 2022, and its owner (Lanvin Group) increased revenue and augmented losses. Lastly, Mulberry announced to have closed the year positively, but didn’t supply numbers....
The paths of Gucci and Alessandro Michele parted at the end of November. The designer has been single for just under five months, which has been enough for his name to be linked to six brands already. Not bad. Perhaps it is that Michele, the architect of the Florentine maison’s exploits between 2015 and 2019,...
Crazy idea: Alessandro Michele at Moschino? After all, who else but Gucci’s former creative director could take Jeremy Scott’s place (left, in the Shutterstock photo)? On social media, fashion experts launch into bold hypotheses that, however, trace a different trajectory for Michele, naming Lanvin, Chanel and Givenchy. Returning to Moschino, the separation from Scott opens,...
In the San Mauro Pascoli district, where footwear artisans are valued. Casadei and Sergio Rossi are talking about their future, about their desire to invest in the stars and stripes market. But above all, they emphasise what is their strong point: the product and those who make it. This is affirmed by Arianna Casadei, appointed […]
Two challengers for Minerva Hub: Investindustrial and San Quirico are allegedly the investment funds close to enter the capital of the luxury production hub. The goal is to widen the dimensional growth of the company (which will soon communicate its latest acquisitions) and accelerate its development. Rothschild (investment bank charged with exploring the market for new shareholders) appears […]
We are almost there: on December 15, Lanvin Group will be listed on Wall Street. The transaction, which is being carried out through the SPAC managed by Primavera Capital Acquisition Corporation, should raise the resources from the market to drive growth in the markets (especially China and the United States) and evaluate potential acquisitions. But […]
Exor has 6.5 billion to spend in acquisitions. A sum that would allow the company to capture quite a big prey. But it won’t be Armani, or at least it won’t be any time soon, says president John Elkann. “There aren’t as many opportunities for acquisitions in the luxury industry, when compared to other ones”. […]
Kering is about to buy Tom Ford. The French group has allegedly beat the competition of Estée Lauder which, according to indiscretions, was trying to close a dear for the US brand for 3 billion USD. That being said, it’s possible the price went down, given the market forecasts and the not-so-encouraging estimates for Estée...
Insolvency risk fro Fosun, and therefore under the lens of the Chinese banking system. Bloomberg broke the news that Chinese regulators have asked commercial banks to verify their debt exposure to Fosun. With the aim, precisely, of understanding the potential risks. The company, which owns Lanvin Group (of which Sergio Rossi is also a member)...
On one hand Lanvin Group is allegedly ready to make an acquisition. On the other, Tom Ford is ready to sell, and it could do so to Kering, for historic reasons (the relation between the stylist and Gucci). A lot of operations are apparently about to kick off in the M&A contest between groups. The […]
Sergio Rossi grows with Lanvin Group. In 2021, the revenue of the shoe manufacturers based in San Mauro di Pascoli grew by 18% compared to 2020 and the forecasts say the brand will reach 130 million within the next 5 years. All part of the ambitious goal of the group to become China’s LVMH. The...
