At the end of the fiscal year (January 31, 2017), net sales of the Prada Group amounted to EUR 3.1 billion, down by 10% compared to 3.5 billion in 2015. Net income, meanwhile, fell by 16% year on year, rising from 331 million to 278 million (-16%). All positive numbers that are reflected in the […]
Interviewed by leatherbiz.com about the agreement for the merger of the divisions to the chemical tanning Stahl, of which he is now CEO, and BASF, Huub van Beijeren reassures operators: “BASF has a high reputation for its services and its staff. If we combine it with our service model centred on the consumer-oriented technical service, […]
According to press talks, the offers for the purchase of Kate Spade are ready to be formalised at the end of the month. While the share price fluctuates regularly (with the -0.4% setbacks after days of growth to 6%), analysts are questioning the validity of the operation of merger and fusion. The two leading contenders […]
It seems then that the capsule collection “Louis Vuitton x Supreme” is a partnership and not a precondition to a financial transaction. Early last week a rumor that the LVMH luxury group had defined the acquisition of the US cult brand for a figure close to 500 million dollars (about 470 million euro) had circulated. […]
An investment fund with an availability of 50 million euro, ready to invest between the 2 and 10 million in small brands. You LVMH Luxury Ventures, the new instrument which is equipped with the French holding company of fashion to help grow emerging brands. The identikit of the startups that can qualify for the spectrum […]
That’s what happens when the shareholder attacks the management publicly. The US fund of investment, Caerus Investors, has sent a letter to the board of Kate Spade to invite the brand leaders to start looking for a buyer. The fund (which holds 0.03% stakes of the brand) blamed the current management’s inability to produce margins: […]
Up by +1% at current exchange rates, loss by 1% at constant exchange rates, Wall Street’s forecasts on Coach were missed by an inch. Coach’s first quarter of the new fiscal year is good, but below expectations. At October the 1st, the US brand had sales of $ 1.04 billion (Big Apple’s analysts were expecting […]
