If a company wants to stay alive during the pandemic it must sell in China. Europe is, right now, the threat. It is a fact that, many stores around the world will no longer be profitable due to the lack of Asian tourists. Chinese consumers, not being able to travel, will focus their spending power […]
Neiman Marcus’ list of creditors is a parterre de roi of fashion brands. The luxury retailer headquartered in Dalla asked, last week, for Chapter 11. Since the middle of March, the Covid-19 pandemic has forced the entity to close down all stores branded Neiman Marcus, Last Call and Bergdorf Goodman. A “large portion” of employees was either fired or their […]
In such new scenario, which is bound to turn real starting from 2022, analysts make theoretical predictions. According to one of their “what if” assumptions, they figure that Kering could possibly buy out Burberry. Some luxury brands might not be able to recover from the crisis caused by the pandemic. The ones who fail, or […]
We know, by writing about them we play their game. We should respond with silence. But you need to know your opponent to be able to beat him, says the adage. So it is good to focus on PETA‘s opportunism. The vegan-chic association dot not tolerates that the Coronavirus epidemic overshadows its battles. Instead, it […]
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...
