While celebrating their return to Wall Street, Levi’s top managers have been facing, at the same time, one more problem. For the records, on March 20, 35 years after the company delisting, which took place in 1984, they listed again the denim and cowboy apparel brand at the New York Stock Exchange. That is part […]
The slowdown in Chinese consumptions is breaking down Prada shares in Hong Kong, while Ferragamo‘s listing is supported by the good prospects for 2019 expressed by its president. Let’s start with the story of the brand managed by Miuccia Prada and Patrizio Bertelli. Yesterday Prada shares fell by 11%, closing at the lowest level since […]
Gucci unveils the details of the Changemakers program, the brand’s response to the mistake of the blackface made on the catwalk. The admiral brand of the Kering group immediately commits a fund of 5 million euros to be spent in 5 years in North America on initiatives for minorities, supplemented by a further 1.5 million […]
According to Hypebae, a very popular and fashion-oriented Chinese fashion magazine, the moccasin recently presented by Prada is “unorthodox” (we should translate “heterodox”, but we are decided with “unritual”). Why? The design of the model has a clear classic inspiration, the upper is made with black calfskin and the sole, when the rubber sole is […]
Even those opposed to the dominance of sneakers, at the end of the day, end up wearing them of put them in their collection. While some start to suspect that their run is about to come to an end, let us try to understand how the sneakers’ incredible success has (structurally) changed the balance of the chain
We still have the image of Domenico Dolce and Stefano Gabbana apologising to the Chinese public for the promotional campaign D&G turned into a huge communication own-goal, that we find in the United States Prada (especially) and Balenciaga in an embarrassment if not equal, at least of the same nature. Because in all cases it […]
Anthony Romano, chief executive officer of Church’s, is planning to develop the brand’s business along two directions. In general terms, on the one hand the identity of the brand will be safeguarded; yet, on the other hand, they will not plainly tweak their design. More specifically, they will comply with an elegant and simple style […]
What luxury stocks are to be bought? Which ones are to be sold? Detailed instructions are provided by UBS and their financial analysts, who carried out a specific report over the subject. The news has been reported by Milano Finanza. Here is a list of stocks to be bought, as they may well guarantee sound […]
Off-White is the most popular brand at present. As for products, Dior’s Saddle Bag is getting most clicks in the internet. Lyst search engine made public the rankings of the “online most browsed brands” in the quarter period from July to September, clicked and chosen by their clients (5 million consumers). “Off-White got ahead, moving […]
The 19th edition of Best Global Brands, a ranking list of the 100 richest global brands, drafted by Interbrand, has been highlighting indeed luxury and retail. “All Italian brands, which have been listed in the survey, are expanding; some of them, such as Gucci, are actually speeding up”, points out Lidi Grimaldi (Italy executive director […]
Italian Fashion’s top managers stand up unanimously against the New York Times. Their reply, after getting surprised by the unnecessary media blow and the reckless journalism demeanour, aims to give back to the public a few tools to fully and properly understand Italy’s fashion system. According to Carlo Capasa, the survey carried out by The […]
Louis Vuitton are about to focus on digital business, following Céline. LVMH group are going to invest in their online fashion house, while involving their flagship brand and presenting on 24 Sevres platform (picture, left) a capsule collection composed by Vanity bags, Archlight sneakers, a black logo dress and Party glasses. They intentionally printed again […]
Church’s new collection, which will be available in the stores next October, consists of travel and workbags, alongside small accessories. Design hangs on simple lines and pure artisanship: some products required up to 100 processing stages. As for materials, they selected bovine leather, mostly calf. Church’s, a British fashion brand run by Prada group, expand […]
Prada is not for sale: the next generation of managers is gearing up. The news comes from Valvigna, based in the municipality of Terranuova Bracciolini, in the province of Arezzo, Tuscany, where Prada fashion house have just inaugurated a garden-factory designed by architect Guido Canali. “Lorenzo, my son, is getting ready to be in charge […]
Burberry’s financial statements, closed on March 31, went beyond expectations a great deal: adjusted profits increased by 5%, going up to 467 million pounds, therefore going better than expected (453 million pounds). In the same period, operating profits increased by 4%, going up to 410 million pounds, and net profits went up to 294 million […]
RBC Europe investment bank published a survey about the international luxury brands Chinese customers, the wealthiest ones, like the best. They asked interviewees the following question: “Are you going to buy, in the next 12 months, a branded bag? What brand are you going to choose?” Consumers would first choose Chanel (20%) and Gucci (16%), […]
E-commerce and younger consumers are bound to drive the business expansion of the luxury fashion industry in the next years, until 2025. Such is the forecast provided by Goldman Sachs, as the American investment bank expects luxury turnover to increase considerably in the next seven years: +60 billion euros. Most of all, booming online sales […]
Hong Kong giants are most grateful to sneaker booming. At the end of 2017 Yue Yuen’s revenues reached 9,12 billion dollars, thus increasing by 7,6% compared to 2016, though profits decreased by 2,9%, thus amounting to 519,2 million dollars in total. Throughout 2017 earnings coming from footwear manufacturing went up by 0,9%, while production volumes […]
“The company restates full availability to authorities, as we know that our actions have been fair and clear”. In their release, Gucci have commented about the unexpected inspection carried out, at Gucci’s offices in Milan, by Financial Police (Guardia di Finanza). What were they looking for? They were seeking evidence of allegations, into which they […]
They are going to buy out Bally by the end of the year. As reported by MFF, the transaction will be completed within the first six months of 2018. According to some Chinese sources (hk.jrj.com), two Chinese giants, Fujian Septwolves Industry and Fosun Group, are in contention for it, after the withdrawal of Japanese Itochu […]
