Farfetch is saved by Coupang, Corea’s Alibaba, which has saved the group from bankruptcy. Meanwhile Wolverine Worldwide continues to cut costs and transform its activities. That’s why it sold the Asian business of Wolverine Leathers to one of its suppliers, Interhides Public Company Limited, for 9 million USD. Two operations forced by the decreasing consumption...
While Farfetch’s situation worsens, the wedding between Saks Fifth Avenue e Neiman Marcus also won’t materialize Meanwhile, VF Corp is planning to cut 500 jobs. The current period weighs on fashion retailers: and the future could be worse. The current period weighs on Farfetch For Farfetch the alarm sounded when the company delayed the publication...
Multinationals are following the lead of presidents and prime ministers at COP28. Brazilian company JBS took advantage of the international event held in Dubai to announce a 9-million-USD investment in traceability within the Parà region. The program aims to extend transparency efforts to preserve the Amazon forest when dealing with the livestock industry. 9 million […]
Tre Zeta Group continues in its intent of building a proprietary chain via acquisitions. The company headquartered in San Donato (Pisa) bought 100% of soles’ manufacturer Do.Gi, located in Civitella in Val di Chiana (Arezzo) from the Magnanensi family. Thos operation is the third completed by Tre Zeta Group, as the entity previously bought Stil […]
Matthew Williams (Givenchy’s designer) has sold his label, 1017 Alyx 9SM. The Missoni family, meanwhile, is exploring the sale of the company. While Scarpa is looking for a partner ready to take over 25% of the capital. This is what is boiling in the pot of M&A transactions. An increasingly capacious pot where, amidst indiscretions,...
Tapestry better than Capri Holdings. The back-and-forth swinging trend of the two groups (undergoing a merger) emerge from the results published by them for the 9-month period. Tapestry reached record revenue and earnings per share, with CEO Joanne Crevoiserat highlighting the importance of handbags and leather goods for the group’s results. Capri Holdings’ results were...
A new cluster active in the luxury accessories’ segment is growing its strength. Eurmoda-Margot group announced the acquisition of 100% of Macuz, located in Florence and active in the production of high-quality metal accessories. With this operation, Eurmoda could reach a revenue of 100 million euro by the end of the year. Starting January 2024, […]
Two hundred million euros from the LVMH group to buy Leo Shoes. This, according to a series of news reports carried by Mergermarket, a financial information group controlled by the Bc Partners fund, is the investment that Bernard Arnault is ready to put into play to take over the majority of the Salento-based shoe manufacturer,...
Jean Paul Gaultier‘s aesthetic joins forces with Jimmy Choo‘s iconic footwear designs in the collaboration that boasts Kylie Minogue as its testimonial. The starting point according to Sandra Choi, Choo’s creative director, was to seek shared codes with Florence Tétier, who instead heads JPG, to reflect on femininity. Good. At first glance, however, and with...
The comeback of the dress shoe is there, but it does not affect the trainer business. It cannot, because it does not have the numbers to challenge the trainer business. This comeback, however, is clear to the leather sole and heel factories. After the difficulties that came with the pandemic, they are now catching up....
He says to be sad about the struggles of his creation. The fact that YNAP was reaching maturity was clear to him. He is also certain that platforms need to invent something new to compete against own brands’ e-commerce. Marchetti (in photo from his website) sold Yoox Net-A-Porter (YNAP) to Richemont for 5 billion in...
Running shoes, moccasins and flats: these are the shoes selling the most in the USA. They are versatile and can be worn all year long, as well as being a convenient choice for consumers while they face inflation. According to research firm Circana, footwear sales in the USA decreased 3% from January to August 2023 […]
“Three companies coming by the end of the year. Then, we will continue to aggregate in 2024”. Visiting La Conceria editorial office at Lineapelle, MTW Holding CEO Cesare Luzzana (pictured, right) analyses the situation in the accessories market. With a past at Giorgio Armani and Jimmy Choo, Luzzana became CEO of Metalworks in December 2020....
5 manufacturing clusters in an increasingly concentrated marketplace. The market for metal accessories manufacturers producing for the luxury and fashion industry is in a time of mergers. The last operation was closed by MinervaHub, which bought 100% of LTM, company located in Castrocaro Terme (Forlì-Cesena) “active in the creation and production of metal components for […]
Yes, to investments, no to mergers. Andrea Della Valle (Tod’s) is clear. The entrepreneur participated to the first showing of Hogan’s Spring-Summer 2024 collection in Milan during Fashion Week. Della Valle said to be satisfied by the brand and group’s results, while commenting on them. He also mentioned the investment made to build the distribution...
Merging to beat Chinese competition. This is the main objective of the merger between the tanneries Viposa and Vancouros. This is how Viva was born, a Brazilian company with a turnover of around EUR 600 million per year. The announcement comes after five years of negotiations and six joint ventures. The new reality will have...
All that’s left is for us to get together. In a market where the big ones get bigger and bigger and the small ones feel more and more squeezed, the latter fear that their share of the market will become smaller and smaller. And end up disappearing. “To continue to compete, we should merge. By...
Peugeot invests 20 million in Florence group, thus making an entrance in the made-in-Italy luxury manufacturing segment. The family made the operation through Peugeot Invest, the same one through which it holds 7% of Stellantis, the group created by the brand’s merger with Fiat-Chrysler (owner of a few brands). Corriere della Sera writes that put […]
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...
The merry-go-round of September fashion weeks is about to start again. It will be New York fashion shows (8-13) to inaugurate the tour de force in view of the Spring-Summer 2024 season. The Big Apple will host the fashion shows of over 71 brands. Highlights on the calendar include the return of Ralph Lauren and...
