They speak of design, of course: they are two designers, and it is clear that the accent is on the mood of the latest men’s collection presented in Milan. But in Miuccia Prada and Raf Simons‘ conversation with the New York Times there are also other interesting ideas, of an economic nature and of future […]
The first news is that Birkenstock would be for sale. The second, that the race of private equity funds is already underway to grab the German brand. According to rumours, CVC Capital Partners, which took control of Pasubio tannery in 2017, appears to be in pole position. Among the suitors there would also be Permira […]
Now, it is wrong to call them sportswear. Because “sneakers are part of the classic wardrobe”, says Jennifer Cuvillier, creative director of style at Le Bon Marché in Paris, a brand of LVMH group. The pandemic has strengthened leadership in the sneaker market, and everyone is adapting. But everything has a cost: without travel or...
If in 2020 Conceria Pasubio achieved satisfactory results, despite Coronavirus, it owes it to the commitment of its staff. For this reason, the group from Arzignano (Vicenza) has decided to recognise an extraordinary bonus to its employees for a total financial commitment of 700,000 euros. The measure, in pay-checks, benefits 450 employees, half of the […]
Prada recovered in the second half of the year, settling retail sales at a more peaceful -6%, and the quotation price soared. A year ago the brand’s shares were trading around 30 Hong Kong dollars (where the stock is listed). At this time, they travel around 50 HK$. Prada announced that in the second half […]
Serge Brunschwig’s comment on the relationship between fashion and animal materials can be paraphrased like this: free leather in free fashion. The CEO and president of Fendi, speaking with the Spanish newspaper Expansión, first of all confirms the commitment of the LVMH group maison to issues of sustainability and supply chain transparency. But then he […]
The new owner explains the successes, strategies and future of P448. The sneaker brand that for a few months now has been controlled by StreetTrend, an American company led by Wayne Kulkin (pictured), who has already been Stuart Weitzman ’s CEO for 25 years. StreetTrend owns, in addition to P448, the brand PS821 and has […]
In 2020, in China, bag sales have been considerably increasing by 70 to 80%. Together with jewellery, leather goods are, among luxury goods, the sector which most enjoyed a boost throughout the year, deeply hit by coronavirus outbreak and the pandemic. According to a joint report, provided by Bain and Tmall, China’s luxury goods market […]
“Re Marcello buyout, which gave us the opportunity to gain higher control over the supply chain, turned out to be of paramount importance for the group’s strategy”. While talking to WWD, Manolo Blahnik representatives made such statement. The investment, which allowed the company to take on “77 highly qualified artisans in the group’s work staff”, […]
Coronavirus emergency has been changing, rather suddenly indeed, the luxury groups’ supply (and production) organization. For sure, it has been spoiling the Japanese plans set by Onward Holdings, which has sold OLG to an Italian business. The Japanese holding company currently includes, in its own brand portfolio, Chloé, Michael Kors Collection and Jil Sander, among […]
CRV hits hard Mon Purse. The Australian leather goods brand has been wound up. Quite a serious blow indeed for the young business whose suppliers, as highlighted on the company’s website, are also, among others, some Italian tanneries. Achieving success very quickly Mon Purse was first established in 2014, as a start-up company, by Lana […]
2020 forced luxury to revise some of its codes, we know all about it. But now that the year of the great pandemic is winding down, Dior and YSL mark the first turnaround. It is true that Coronavirus imposes a certain gravitas, that is, a certain composure. But, each presenting their own collection, Maria Grazia […]
They are distant voices, in some ways. One, Walter Chiapponi, guiding Tod’s, is among the rising stars of Italian fashion. The other, Giorgio Armani, is such a veteran that can be said he has written pages in the history of Italian fashion. But they both agree on the same point: a certain intolerance towards casual […]
Although, as a matter of fact, still he is not permanently residing at the White House, Biden is formally “the President-elect”, as they addressed him in the letter layout. Yet US leather industry has already submitted its first request to Joe Biden (in the picture, by Shutterstock, together with US vice-President Kamala Harris): they firmly...
Over 100 million euros to support the Bangladeshi industry and its employees. The European Union, and Germany in the lead, are about to allocate such funds in favour of the workers employed in leather goods and footwear manufacturing plants. For Bangladeshi industry Altogether, Bangladesh will receive from Europe 113 million euros. This money fund is […]
In the United Kingdom they are gearing up for it. In fact, in the second week of December the Brits might start launching the anti-coronavirus vaccination campaign. In London they are preparing for distributing the first doses of the vaccine, created by Pfizer and BionTech; furthermore, as reported by the Guardian, they are about to […]
Vanessa Friedman did not like Alessandro Michele’s latest gimmick. Of course, it has to do with the fact that expectations, as with everything related to Kering flagship brand, were high. But the New York Times fashion director is more than disappointed. The first NYT journalist criticises GucciFest, the online review created by the designer from […]
The pandemic is a shock. Coronavirus has affected markets and events, affecting the relationship with the customer. But Visionnaire and Calligaris, two Italian design excellences, remain to be rtusted. Between expansion opportunities in Asia (and beyond) and brand development strategies, from the group’s point of view there are enough resources to get back on top. […]
At the end of Monday session, LVMH stock was going up by 20% in November part-time span. As a result, its market quotation at the Stock Exchange reached 250 billion euros, therefore breaking the Paris stock listing record. Shares held by the Arnault family have gone even beyond the summit previously reached by France Télécom […]
The trade show is not going to take place, as it used to, during springtime: however, after the cancellation of the event in 2020, it will be on the agenda. The Salone del Mobile will get back to the fair, to celebrate its 60th edition, in September. From 5 until 10 September, the pavilions of […]
