How much will the Coronavirus impact luxury companies? Kering’s revenue in the first quarter lost between 13% and 14%, equal to -15% in comparison to the first quarter of 2019. The group sees a light (only) in China, where there are “encouraging signs”. Kering’s revenue in the first quarter After Burberry, French groups are also […]
In China, things are gradually going back to normal. Yet, in the meantime, Covid-19 outbreak starts spreading across the United States: therefore, one of the most important fashion markets is about to brace itself for a work closure period alongside a downturn in sales. Stock Exchanges and financial markets wonder about consequences: for sure, they […]
Lights and shadows on Burberry’s quarter. The lights concern the fact that the British brand closes a positive third quarter. And above all, it improves the prospects for the entire fiscal year. Shadows, however, emerge from the judgments of financial analysts. According to them, the global market is currently under stress, which cannot avoid influencing […]
Beware of luxury, because it is slowing down. The alarm was raised by Bank of America, which drafted the Global Luxury Demand Indicator. And they found that the indicator of global luxury demand went negative. Not only that: it fell to its lowest level since the second quarter of 2016. In the fourth quarter of […]
The industry should grow at a rate between 3% and 4%, which isn’t stagnation, but it is less than what it thought it would be and was budgeted. The fashion industry is concerned for 2020. According to The State of Fashion 2020, the report crafted by the collaboration of McKinsey & Co. and Business of […]
Welfare according to Burberry translates into a new leave system for all parents. British brand Burberry has announced that it will offer, to all its employees worldwide, the chance to take up to 18 weeks of maternity or paternity leave, and the same amount in case of adoption. The decision The new parental-leave policy will […]
Tisci has been driving Burberry’s positive business trend in Hong Kong. Sales of products created by the Italian fashion designer provided the British brand with a valuable support, therefore offsetting the downturn in sales, throughout the first half-year, in the British ex-dominion. At the end of the period, Burberry revenues turned out to increase by […]
Innovation is not something running in sealed, airtight segments: brands laboratories on one side, academies on the other and research institutes on their own. “There are many problems, which affect the supply chain, about materials, around creative issues as well”, pointed out JalaJ Hora, senior vice president of Burberry Raw Materials, Product Engineering and Quality […]
End of August, 2019: in Biarritz, luxury sits at G7 table. François-Henri Pinault (patron of Kering), presents the fashion pact, the coalition of sustainable luxury, as per invitation by Macron. But “someone” is missing
Tisci cure is good for Burberry. The British brand closed its first quarter of the fiscal year 2019/2020 on June 29th with a 4% increase in revenues (+2% at constant exchange rates) for a turnover of 498 million pounds. Meanwhile, sales at comparable stores are up by 4%, thanks to the new products designed by […]
In 2018/2019 financial year, Burberry group bought 49% of hides and skins from tanneries provided with environmental, social and traceability certification. Therefore, they have been increasing by 1%, compared to the previous year. In their Annual Report, published on June 5, the British luxury group pointed out they achieved such accomplishment thanks to a profitable […]
What is going to happen to denim jackets embellished with mink fur collars? What about mink earflaps? What is going to happen to coyote fur gloves? What about leather, fabric and volpetta bags? In other words, what will become of all items of clothing and fur accessories, made by Prada, for sale at extraordinary prices? […]
Revenues are steady, while profits have been increasing. Looking at preliminary data about the last financial year (closed on 30 March 2019), Burberry’s sales have been decreasing by 0.4%, therefore reaching 2.720 billion British pounds in the end. Conversely, profits after tax have been speeding up considerably, as they reached 339.3 million pounds, therefore increasing […]
Several changes, actions and countermeasures are underway in the European retail business. In the United Kingdom, Burberry are the ones who are going to start the dance: in fact, the fashion house announced the closure of 38 sale stores, which are not of strategic importance in a long-term outlook. At the same time, they will […]
What do Gucci, Burberry and Le Bon Marché, LVMH Group’s retail chain, have in common? That they invest in customisation services. Speaking with the Financial Times, Christian Louboutin commented on how bespoke has always been important for him: “It’s a way to preserve an intimate connection with the client and get a feedback from them […]
Paris (could) declare war to everyone active in the fashion industry, if the brand is caught destroying unsold stocks. In France, as a matter of fact, the government is preparing a law that makes the mentioned process illegal. According to indiscretions published by WWD, Brune Poirson, France’s State Secretary and minister for ecological transition, is...
CNN has published the interview. The protagonist is Anna Wintour, deus ex machina of Vogue and, in the last 30 years, considered “unrivaled in the fashion industry”. A self-explanatory sentence, to the point that the article written by Fiona Sinclair Scott on the basis of the interview conducted on April 5 in New York by […]
Gucci unveils the details of the Changemakers program, the brand’s response to the mistake of the blackface made on the catwalk. The admiral brand of the Kering group immediately commits a fund of 5 million euros to be spent in 5 years in North America on initiatives for minorities, supplemented by a further 1.5 million […]
The recent London Fashion Week saw the debut of Luc Goidadin as head of Smythson’s stylitic department. The leather goods brand, founded 132 years ago in London, has a heritage that is essentially based on the production of leather covers for notebooks (paper ones, not laptops and such), diaries and travel journals. Goidadin was chosen […]
Elvis & Kresse is a leather goods brand founded in 2015 in the United Kingdom with the Mission of re-using materials. Since 2017, the brand has partnered up with Burberry on a project that brings new life to the chain’s waste products
