Britain’s Frasers Group is continuing its ascent within Hugo Boss, while also criticising the German company’s decision to weaken its liquidity in order to pay out profits to shareholders. Meanwhile in the UK, Burberry’s CEO Joshua Schulman has dismissed the notion that the brand is shifting its focus towards accessible luxury. What’s going on at...
It’s a bittersweet picture for luxury… the one that emerges from UBS’ forecasts. Ratings improved, but the recovery is slow: “Not before the second half of 2026”, writes the Swiss bank. There is confidence for Burberry, Richemont and Hermès. While negative estimates remain for Ferragamo. International context and wars weigh on, but the sector, with...
It’s Hermès’ moment, as the brand is beating all competitors not so much in sales, but more importantly in prospects. And, while the overtaking on the Paris Stock Exchange at the expense of LVMH is of great value both symbolically and practically, there is one item in particular on which the label is doing better...
Layoffs on layoffs: crisis and tariffs mean 10,000 jobs are at risk, according to announcements by fashion and luxury companies. The general slowdown in luxury consumption is already showing its effects: Burberry, LVMH, Zalando, Adidas, and Nike are just some of the labels to have already announced job cuts. Layoffs on layoffs Optimizing resources, adapting...
Jewelry and fashion drive Richemont’s growth. Alaïa’s leather goods, Peter Millar’s solid performance, and Chloé’s “encouraging performance” are bright spots in the Swiss giant’s annual report. The problem is that the operating result of the fashion brands’ division is negative. Richemont’s chairman Johann Rupert said he wants to avoid sharp price increases because of tariffs. […]
Burberry has beaten market forecasts – yet is still cutting 1,700 jobs. The luxury British brand’s financial results, released on Wednesday, invite a double reading. For the financial year ending March, revenues fell by 15% at current exchange rates (–17% at constant rates), down to GBP 2.461 billion, with the company posting a loss compared […]
Brands at the top of the luxury pyramid reassure the market. But the surprise is Burberry: 17 years after the 2008 financial crisis, Citi analysts recommend buying the British brand’s shares: there are brushstrokes of color in a rather gray picture. Granitica grandeur In late April, it was Bruno Pavlovsky, Chanel’s fashion president, who dampened...
The Prèt-à-Porter division of Chanel plans to grow again in 2025. Despite everything. “It’s a difficult time for luxury and there is no magic recipe”, says Bruno Pavlovsky, Chanel’s fashion president. It’s well known that these are challenging times, especially in the Kering-Gucci household. Francois Pinault, the founder of the luxury giant, who has seen...
Tough times for the luxury sector. Amid an environment of complete uncertainty, analysts are weighing in – not always favourably. Deutsche Bank has revised its forecasts downwards and downgraded several European luxury stocks, including Richemont and Kering. The bank highlighted increasing short-term uncertainty for the luxury sector, stressing that the recovery seen in Q4 2024...
On “Liberation Day” President Donald Trump (in photo) announced new tariffs for all imported goods. Split between April 5 and April 9, Mr. Trump has put duties ranging between 20% (on the EU) to 10% on the UK, going from 31% on Switzerland to 34% on China will come into effect. And the fashion industry […]
April 2 is approaching, and the trade war has already hit the automotive industry: U.S. President Donald Trump announced 25% tariffs on all cars imported into the U.S., but leaves open the possibility that components will be exempt. Despite fears of the consequences for the fashion world of tightening international trade, Trumpnomics is not the...
We certainly didn’t need yet another whirlwind game of chairs in the fashion world, yet here we are with a question that’s on the minds of fashion enthusiasts and industry insiders alike: who will take the helm at Balenciaga? Following Demna’s appointment as the new creative director of Gucci, the top seat at the French...
Ferragamo is in search of stability, after the divorce between the Florentine fashion house and Marco Gobbetti. Then there are speculations about the family’s next moves, and yet another denial of a possible sale of the brand. Then the return of Michele Norsa… there is much to say about Ferragamo’s future (and present). All there...
Kim Jones at Burberry? Yes, but only if the British brand is willing to cough up GBP 24 million a year. That would be the sum requested by the now former creative director of Fendi and Dior to take over the stylistic helm of the British brand in search of a relaunch. After all, given […]
While some of our sources close to the company tell us that Maria Grazia Chiuri would be in pole position to become the new creative director of Fendi’s Women’s division, as of today, Kim Jones is no longer the creative director of Dior Homme. Jones had arrived at Dior in 2018, after a long experience […]
Real estate liquidations, slow pace and disappointing results. Good news came from the quarterlies of groups like Richemont and Burberry. But other news soon brought us back down to earth: the road to recovering, broad and across the board, is still long. Especially for midstream holding companies like Kering, Ferragamo, and H&M. Kering rationalizes assets...
“We lost it 10 years ago when we raised prices”. The phrase comes from Andrea Baldo, CEO of Mulberry. Who is now reducing them so that the British brand can carve out its slice of the market in the space left empty by luxury, the one around 800 to 1,500 euros for a leather handbag. […]
Good things come in threes: after Burberry and Richemont, Zegna group recorded a positive sign in the last quarter 2024. Especially from the States, where direct sales of the Zegna brand recorded double-digit growth, but also from EMEA (Europe, Middle East and Africa). “In the first weeks of January we observed a solid performance in […]
The year 2024 has put a strain on the luxury sector. China’s economic slowdown and more cautious consumers have played their part. Among luxury companies, some have held their own, others (including Kering and Burberry) continue to navigate unsafe waters. According to the Ufficio Studi de II Sole 24 Ore, leading the list of brands...
If after Richemont’s good quarterly report we titled “rejoicing”, now we have to say that joys are doubling. Because Burberry too recorded a performance that was by no means splendid, but better than expected. The drop in sales in the last quarter of 2024 was a third of what analysts had expected: -4% compared to […]
