Tapestry beats Capri. At least during the last quarter of 2022. Yet Ralph Lauren too recorded great results, as far as US competitors go. Tapestry’s products (perceived as more interesting for younger generations) and the lower dependance on large US malls are, according to market analysts, the two factors that allowed the group that owns […]
The rumours has been circulating for months. And now it finds confirmation. Kering is investing around 300 million euros for an 8,000 square metre building in the heart of Paris, on the corner of rue de Saint-Honoré and rue de Castiglione. So as to provide Gucci with a flagship store in the Ville Lumière. And, […]
The first feedback for listed companies starts with the stock market. It must be mentioned that the stock market responded positively to Andrea Guerra’s new adventure in Prada. “During the first week after Guerra’s official entrance – writes MFF -, the group gained 5.15% on the Hong Kong’s stock exchange”. The new CEO faces many […]
Prada beats Gucci when it comes to being the most online-searched brand in the 4th quarter of 2022, says Lyst. While in 2022, with 88 million interactions, Dior is king of Instagram according to digital marketing firm Emplifi. The last online rankings for the luxury industry prove it: Moncler’s rise and Balenciaga’s slide. Impacted by...
The arrival of Pelagia Kolotouros as creative director of Lacoste is the latest in a series of movements in the fashion industry. Starting, of course, with the arrival of Sabato De Sarno to Gucci, the brands involved in the waltz of chairs include Michael Kors, Diesel, The Real Real, P448, Fabiana Filippi and Del Toro. […]
The group designed a 6-heads organizational structure (each with its own objectives) to support Andrea Guerra, Prada’s new CEO. It’s not unlike a mayor with the alderman. Prada officially communicated to the Hong Kong stock exchange the arrival of Guerra (including the multi-million salary). The company’s goal is “to facilitate the growth and long-term development...
We have a name. Or rather: THE name. Sabato De Sarno is Gucci‘s new creative director. The fashion House announced the appointment together with Kering: “De Sarno will lead the House’s Design Studio reporting to Marco Bizzarri, Gucci’s president and CEO, with responsibility for defining and expressing the House’s creative vision across the women’s, men’s, […]
The Guerra era in Prada started on January 26th. The BoD convened to officialize the announced change of positions of the Holding. Andrea Guerra (in photo on the left) will become CEO, while Patrizio Bertelli will become president of the Board. The manager with experience in Luxottica and Eataly joins to provide governance over the...
The news had circulated in September in the form of a rumours. Now, Prada confirms its intention to go ahead with the dual listing. And it does so through Lorenzo Bertelli, son of Patrizio and Miuccia Prada, head of corporate social responsibility and CEO in pectore (while waiting for the current CEO, Andrea Guerra, to […]
Footwear in the USA in 2023 will have many different styles. There will be room for sneakers (mostly retro), but also for moccasins, Chelsea boots and “elegant-casual” shoes. While, for the evening, black paint will be back in style. Brands that will want to export to the USA will need to keep in mind the...
The trainer reigns supreme, but it may have reached the upper limit of popularity. The debate is eternal, and is renewed from season to season. Today, the trainer is as indispensable to everyone as a pair of jeans, it peaked in sales during the pandemic and now, according to many insiders, it has people “got […]
Prada awarded a prize to the winner of an energy saving contest launched for its production sites. The Italian group is also among the signatories of the Collective Virtual Power Purchase Agreement promoted by Fashion Pact. It consists of a virtual contract with which 12 luxury players (such as Kering and Salvatore Ferragamo) make the...
After the appointment of Andrea Guerra as CEO of the Prada Group, comes that of the new CEO of the Prada brand. He is Gianfranco D’Attis (pictured), whose last position was president of Christian Dior Americas. By virtue of his experience in luxury retail, is the comment in a note, D’Attis can work on the […]
More shoes, more accessories, and Kiton sees its revenue take off. The consequence: production must adapt, and so the brand made plans to create a 6,000 square-meters plant to manufacture accessories. “For the product side, the focus will be on developing the offering of footwear and accessories. We created an internal creative team”, joined by […]
Multiple, but small. Deloitte’s Global Powers of Luxury Goods 2022 ranking shows the best 100 luxury companies around the world. We find out that Italy has more than any other country: 23, and the number doesn’t include the ones owned by French conglomerates. There is a but: the first Italian one is Prada, positioned as 18th....
Patrizio Bertelli has made his choice. And to guide the transition of the Prada group from his leadership to that of his son Lorenzo, he would like to hire Andrea Guerra, a long-standing manager currently in charge of Hospitality Excellence as well as a member of the executive committee of LVMH, from which he is...
Luca Solca (Bernstein) and Thomas Chauvet (Citi) have little doubt: Kering was right to make a change to Gucci’s creative management. Because the run of the group’s admiral brand, from which the financial results of the group are strongly impacted, was coming to halt. And in a competitive luxury market where dimensional limits don’t seem to exist, it’s right to...
Tom Ford selling his brand. Raf Simons closing his. Alessandro Michele (on the left, in the Shutterstock photo) parting ways with Gucci. Riccardo Tisci being on the market. Virgil Abloh‘s replacement at Louis Vuitton still not there. The rumour about Donatella Versace (on the right, in the Shutterstock photo) and the speculation about her future....
Raf Simons closes his brand, Tom Ford sells it. Two exits from the scene that sound like a generational shift in the world of designers. It is difficult to say how much purely economic issues count and instead how much the motivation, energy and vitality of the two creatives. Simons will concentrate on his role...
The booming leather goods market brings joy to all. Aeffe’s “leather goods” division is growing at a double rate compared to the apparel one. Richemont, where the business area is tied to the fashion system, recorded growth superior to the watches and jewelry ones, with Delvaux leading the way. And then Tapestry: it’s core business...
