“To save the leather supply chain”. This is what the president of the Pakistani tanners association, Anjum Zafar, is asking the government of Islamabad. The risk is that the industry will collapse. The origins of the deep crisis would be primarily structural, starting with the exclusion of tanneries from the refund procedure due to the […]
The ongoing crisis, triggered by Coronavirus outbreak, is also affecting Repetto, in France, which is about to lay off 51 employees. In the meantime, in Germany, Peter Kaiser seeks investors to pick up. In mid-September, the company filed for protection from creditors before the local Court. Repetto’s ballerina shoes Repetto (in the picture, left) is […]
The final balance will depend on the results we are going to achieve in the last quarter of the year, that is, Christmas shopping time. In the best possible outlook, revenues might even reach -5%. “Coronavirus second outbreak alongside limited and total lockdown all around Europe – remarked Claudia D’Arpizio, Bain & Co – make […]
It is only the first step of a global journey, of course. But it is no coincidence that See LV, the traveling exhibition that celebrates the history of the French brand, starts right here. The Wuhan exhibition condenses what has been and what will be for the luxury market. Louis Vuitton’s choice is worth a […]
Two years ago, it occurred what Alfonso Dolce considers to be an “unexpected accident”. In fact, at that time D&G presented an advertising campaign, directed at the Chinese market, which turned out to be a rather outstanding own goal. The Chief Executive Officer of the fashion house now admits that the brand, founded by his...
“Italy is important to us as much as France is. Our fashion and leather goods division, most of all, is engaged in production over there; besides that, we currently run 30 manufacturing plants”. Right considering its high importance, the group made some remarkable investments (“over 200 million euros in 2019”) and, at the same time, […]
The time is right for China, in some respects the largest global market, to normalise international relations. While the right interlocutor, for Beijing, takes office in Washington, so that from trade war we move to more constructive negotiations. In short, China says enough of the trade war. And it recognises that the levels of imports […]
From the trade war with China to tariffs against the European Union. From the management of online platforms to internal economy. How does America change with Joe Biden? How will the new president of the United States address the issues most closely linked to fashion and luxury? According to the authoritative analyst Erwan Rambourg it […]
Luxury brands that want to break into the Chinese market need influencers. But not because customers of the People’s Republic respond, as if by automatism, to their buying advice. But because influencers represent real bridges, cultural and authoritative, between Western brands and Chinese public opinion. Adrian Cheng, tycoon at the head of a group with […]
Not just a brand, that is (like many others), just a distribution network. They rather aim to be a company with “two souls”: first the “factory”, the manufacturing plant, then “selling stores, especially in Asia”. Such is the strength on which Sergio Rossi can rely, while dealing with global economy deeply hit and affected by […]
SICIT positive trend keeps up. At the end of the first 9 months of 2020, the revenues of the company headquartered in Arzignano enjoyed an increase by 11.5% compared to 2019. Earnings have been pretty much growing in all geographical areas. As regards products overall, the ones that had been suffering from a downturn in […]
China and online sales (as usual) are supporting Tapestry, whose performance in the first quarter of the year, despite its being rather complicated, went beyond financial analysts’ expectations. The company, which owns Coach, Kate Spade and Stuart Weitzman brands, keeps being optimistic then. Although they have not provided any data forecast, they expect that both […]
China, online channel and bags are the factors driving the brend growth: in fact, Hermès enjoys recovery in the third quarter of the year. In other words, the French fashion house is going up again. Despite its being cautious about short-term outlook, they are quite confident about mid-term trend. “Our performance is going to enable […]
Reuters insisting on rumours, get the first scoop. Reportedly, in the last few months Ferruccio Ferragamo has been considering the option to sell off 20% of the fashion brand’s shares. Apparently, then, he has been planning to welcome in the company a wealthy minority business partner, possibly a private equity fund or a sovereign fund, […]
They formerly announced, at the end of June, that suspension of customs duties, imposed on leather export, would be set on a bi-monthly basis. They have now officially extended it until 31st December. “In Italy, there is nothing more permanent than something provisional”, used to say Prezzolini: it seems one can apply such aphorism to […]
The pandemic has been a rather unexpected (and unpredictable) blow deeply affecting Italian leather tanning industry throughout 2020. Yet, however, CRV has not prevailed. Gianni Russo, President of UNIC – Italian Tanneries and owner of Russo di Casandrino, based in Campania, is sure about that. “The pandemic will have some lasting effects for a long […]
Does Generation Z drive luxury sales and shopping? That is true (perhaps) in China, but not in the United States, where they (nearly) spend no more money. So much so that, according to a biannual survey, Taking Stock with Teens, carried out and drafted by Piper Sandler for 20 years, their shopping purchases have now […]
Out of the woods. Galeria Karstadt Kaufhof has gone out of bankruptcy proceedings. Yet, they will have to close over 40 selling stores, therefore cutting an unspecified number of jobs. For the records, its subsidiaries have overcome insolvency proceedings as well: namely, Karstadt Sport, Karstadt Feinkost, Le Buffet and Dinea. Out of the woods The […]
Mulberry’s last fiscal period carries even heavier losses. On the next one, added weight will be brought by the continued social distancing practices and the consequences of both the pandemic and Brexit. “Sales after the fiscal year (which closed on March 28th), were above our early forecasts – stated Thierry Andretta, CEO -. However, we […]
“The conditions with which 2020 began were excellent – remembers Rino Mastrotto -. A good year was expected. There was planning, there was enthusiasm, there was work for everyone”. Then came Coronavirus, “a deadly unexpected event”. Speaking to Il Giornale di Vicenza, the entrepreneur from Veneto, as well as president of the Tanning Section of […]
