Everyone is waiting for the Kering coup. And they have been since LVMH bought Tiffany. The conglomerate led by the Pinault family is still a spectator in the mergermania that has been unleashed recently. According to rumours, it has even made a few attempts (Richemont, Ralph Lauren, Dolce & Gabbana), while market players are competing...
First of all: Riccardo Tisci will remain at the creative helm of Burberry. In other words, he will not follow in the footsteps of CEO Marco Gobbetti who will soon join Salvatore Ferragamo. Or, at least, the British brand is confident of this reconfirmation, as its CFO, Julie Brown said commenting the financial results for...
Ferragamo also changed its logo. From the creative director to the CEO, passing through the chairman of the board. In the last year the Salvatore Ferragamo group has revolutionised almost everything. And now it’s up to its initials lettering. With the pre-fall 2021 men’s collection, the Florentine brand unveiled the new ‘SF’ logo. Ferragamo also […]
When the issue of Uighur people in China escalated at the end of last winter, several brands called into question professed optimism. The situation, they said, was not out of control. However, now that those same brands have disclosed their financial performances, we have the empirical proof: the boycott leaves its mark on their accounts. […]
The Thames in London. The Palm Jumeirah waterfront in Dubai. These are the two (unpublished) stages chosen by Burberry to promote its Olympia bag. Promote in a very particular way, since what moves on the water is a giant bag, an ultra-sized version of the British brand’s accessory. All this is part of the promotional […]
Gucci and Intesa Sanpaolo are taking a green path. How? By extending the “Chain Development” program to social and environmental sustainability. Partner suppliers of Gucci will be able to access specific credit lines with an S-loan formula, based on their ESG indicators. A unique initiative in Italy, to which is added to the already existing […]
A millionaire reward, as it should be for those who take on the burden of leading a group like Salvatore Ferragamo. An annual pay that could lead Marco Gobbetti to receive the same salary that Gucci pays to its CEO, Marco Bizzarri. That is to say about 8 million euros, between salary and bonus. 2020 […]
Jonathan Akeroyd from Versace. Emmanuel Gintzburger from Alexander McQueen. Or Tiffany’s ex-leader, Alessandro Bogliolo. These are allegedly the hottest names for Burberry’s CEO position. Gobbetti’s departure caused an earthquake for the British fashion brand, Beside from being short on time after the ex-CEO moved to Ferragamo, Burberry also has to face the analysts’ evaluations. Gobbetti...
At the end of the year, Marco Gobbetti will step down as CEO of Burberry to move to Salvatore Ferragamo, taking over from Micaela Le Divelec Lemmi. In other words, he will take on the role of general manager and CEO of the Italian brand. Gobbetti will hold office at Burberry until the end of […]
Young people and sustainability. They are the keys to the future of fashion and luxury brands. Marco Gobbetti, Burberry’s CEO, Virgil Abloh, Louis Vuitton’s menswear creative director, and Marco Bizzarri, Gucci’s CEO, believe this. Young people and sustainability Marco Gobbetti (in the photo on the left, from Burberry). “Sustainability is at the top of young […]
Finance and sustainability. Furla joins the group of companies that tied loans to sustainability objectives. The leather goods’ brand was provided 25 million euro by Unicredit to accelerate its sustainability strategy. “This operation (which has a 3-year duration), further strengthens the financial structure of the group – commented Mauro Sabatini, CEO of Furla -, mitigating […]
Because it would be the right time for the merger between Richemont and Kering. And what could be the main obstacle. The mergers and acquisitions sector is in turmoil: a real mergermania. There are many deals at stake, but the market is waiting for Kering’s response to LVMH‘s purchase of Tiffany. It would be the...
Burberry made its preliminary earnings for the fiscal year available, after it closed on March 27th, 2021. Result: a 10% decrease in sales and a revenue of 2.34 billion pounds. The (main) causes behind the decrease were the closed stores and the reduced tourists’ flux. The consequence was a loss on the price-per-share, also given […]
LVMH will still make acquisitions. And, if the general manager Toni Belloni says so, it is to be believed. The French luxury group continues to look to Italy, thanks to its consolidated experience with brands and companies from Bel Paese. But it will not buy AC Milan, as has been insistently said for over a […]
China is a challenge within a challenge, as far as luxury brands go. It’s not news that, also due to Covid-19, China has become even more relevant on the scale of revenues and profits for many brands. And so Tmall Luxury, Alibaba’s platform that offers the products of about 200 luxury brands, decided to put...
Shopping, how much I missed you! In the United Kingdom, where fashion stores were able to reopen last Monday (March 12, 2021), many citizens took to the streets after a long lockdown. There were queues outside some prestigious shops, including the new Hermès store inside Harrods. Meanwhile, Kurt Geiger and Anya Hindmarch take the opportunity […]
The fashion segment in China is in turmoil. Beijing’s authorities have fined Alibaba 2.8 billion USD. The government is continuing to reduce the size of the e-commerce giant after the disagreements that took place between the Communist Party and latter in the past few months. Meanwhile, a group of NGOs have accused international brands of […]
Nike and Arnault are confirmed; footwear ones come as a surprise. Analyzing the “Apparel 50 – 2021” di Brand Finance, the annual ranking that lists the most valuable brands, it can be seen that Nike has maintained, for the 7th year in a row, the highest evaluation over the globe. Footwear is the only category […]
Political crises. Image’s problems. Ideological positions. China was already among the most important customers for luxury companies before the pandemic. Now, after over a year of Covid, they are the absolute first. High fashion is closely linked with China. But it must be careful. Because the recent “diplomatic incidents” involving Burberry and H&M remind us […]
“You will no longer import cotton from Xinjiang and we will boycott your products”. This is the strategy that is being adopted in China. The economic backlash has already arrived for Nike and, most recently, H&M. Now it hits Burberry, the first luxury brand, which has declared that it is cutting off relations with companies […]
