Adotta, by Scuola di Altagamma, gets bigger. The third edition will have 9 new brands, Lineapelle and Gruppo Florence. Now there are 33 businesses and 38 schools involved in this new project. The goal is to face the need for resources in the future: 346,000 technical profiles, of which only 50% will be found. Altagamma’s […]
Gucci‘s “low profile” explained by Sabato De Sarno. The new designer has given the Kering brand a completely opposite direction to that of his predecessor, Alessandro Michele. Less patina, less hype, less protagonism and more substance: more “product”. A Gucci not always in the front row, but “de-protagonist” in the second row. A transition that...
The M&A market is so fervent that it forces a roll call. So, on one list are Trussardi, New Guards Group (NGG) and Manila Grace. These are brands and companies, that is, that have concluded (or have ongoing) negotiations for a change of ownership. On the other list, those who have made acquisitions or are...
The rumour from Il Giornale has something sensational. A British private equity fund, allegedly linked to the Wertheimer brothers who own Chanel, is ready to buy Prada. The value of the negotiation would be around EUR 6 billion. The rumour, moreover, would dovetail with another that came out a few days earlier, according to which...
The New Year will bring new luxury price increases: yes or no? Insiders’ opinions are divided. There are those who predict a slowdown in the frequency of price increases, because many brands cannot go any higher. There are instead those who think that nothing will change, and that brands will continue to do so. Perhaps...
From Golden Goose’s IPO to the potential sale of Missoni. 2024, between IPOs and acquisitions, is set to be another intense year with regards to financial operations in Italy. Three sneaker brands are under the spotlight: Golden Goose, Autry and ACBC. As well as three fashion brands: Etro, Missoni and Trussardi, without forgetting about Prada’s...
Sergio Rossi wins against Stefano Ricci. Dolce & Gabbana beats Kappa. Finally, Amazon wins against Europe. These are the results of the three legal battles in various Italian and European courts. The “national” ones revolved around allegations of alleged counterfeiting. The “European” one revolved around Luxembourg’s preferential taxation, with Amazon benefiting EUR 250 million. Three […]
2022 was a golden year for the luxury industry and brands. The new 2023 edition shows a different picture: Global Powers of Luxury Goods 2023 by Deloitte. The revenue of the top-100 groups in the world amounted to 347 billion USD, 42 more compared to the 2021. This amounts to a total growth of +20%....
When speaking to the Financial Times during an event in the UK, Bruno Pavlovsky calls for realism: “The luxury segment can’t always experience double-digit growth”. Chanel’s president refers to the international context (“complicated in all markets”), which isn’t favorable for the sale of high-end goods. It’s well known (and all research centers agree) that the...
With Europe and the US slowing down, the Asian market is gaining importance. In particular, the growing presence of Chinese tourists and the weakness of the yen are fuelling luxury sales in Japan. Meanwhile, Hong Kong, after years of suffering and thanks also to Louis Vuitton’s show (and soon, Dior’s), is back in the spotlight....
The prices’ dance isn’t over. Some do it by raising them at a constant rate, such as louis Vuitton and Chanel. Others do it less often, but obtain the same result, such as Hermès, which is said to once again increase them in a few days. And then, some just raise them fast and by...
The ups and downs of the stock exchange. Golden Goose and Shein would like to become members, while Prada is thinking of a second IPO, which the market apparently desires. And yet, there are some trying to get out, such as Farfetch, which is in such a situation that its founder, José Neves, is allegedly...
Prada has analysts dreaming. According to them, it would only take a few moves to double revenues to EUR 8 billion in less than 10 years, and without acquisitions. What is one of the key strategies for growth? Strengthening further in leather goods. “It will be necessary to work on new collections of iconic bags....
Gucci’s reset is underway, and necessary. So much, in fact, that the brand is living an opaque moment (even with Jannik Sinner as testimonial, in photo). A recent auction of rare handbag models was also surprisingly disappointing. It may be a coincidence, but it’s also evidence of how Gucci is trying to get out of...
“Hermès has a demand 4 to 5 times its offering”. It knows that some luxury analysts claim the French brand is the most resilient luxury company when it comes to crisis”. But it’s not just a matter of the availability of offers, as there are other factors. It’s not by chance that other luxury brands […]
Gruppo Tod’s has an ace up its sleeve: leather goods. The sale of handbags, backpacks and accessories, during the first 9 months of 2023, increased 19.5% at current exchange rates. Better than footwear (12.3%), but overall Gruppo Tod’s revenue grew 14.3% in the January-September period, compared to the same period of 2022. In light of […]
Today, Armani group is worth between EUR 7 and 10 billion. While an IPO on the Milan Stock Exchange would have a capitalisation of between EUR 5 and 7 billion. Some analysts claim this in light of the new statute through which the king of Italian fashion has outlined the future of his group. Including […]
The Prada Group is going strong in the first nine months of 2023, but has two concerns. The first is leather goods, which grew by only 1% in the June-September period, while footwear did +10%. For CEO Andrea Guerra, “the market is taking a breather” after years of sustained growth. The second headache is the […]
Gone is the season of the mini bag, accessories so small that they contain only the bare essentials. On the catwalks for spring-summer 2024, the new trend of the season has emerged: capacious, oversized bags, full to the brim, scratched or worn, in stark contrast to the rigidity imposed by discreet luxury. The new fashion...
Prada Group aims to double its size without acquiring new brands: “We have no need”, said CEO Andrea Guerra. “Too many people have the alibi of being niche. We are forced to grow a lot in the coming years. We aim to double our size in a non-definable time period”, stated the manager, who sees...
