In the market, outcomes look more and more oriented. On the one hand, some fashion brands, such as Moncler, Hermès and Brunello Cucinelli, keep speeding up; some more, such as Ralph Lauren and Burberry in example given, have just joined the leading group, after a while, thanks to rewarding performances. Savigny Luxury Index has provided […]
Burberry’s financial statements, closed on March 31, went beyond expectations a great deal: adjusted profits increased by 5%, going up to 467 million pounds, therefore going better than expected (453 million pounds). In the same period, operating profits increased by 4%, going up to 410 million pounds, and net profits went up to 294 million […]
Immediately after their first appearance on Tmall, the most popular Chinese e-commerce website that belongs to Alibaba group, Saint Laurent have been booming. Last Friday 20 April, while being online, in the early 14 hours Chinese buyers spent over 30 million yuans (around 4 million euros). At the end of the day, online shopping on […]
E-commerce and younger consumers are bound to drive the business expansion of the luxury fashion industry in the next years, until 2025. Such is the forecast provided by Goldman Sachs, as the American investment bank expects luxury turnover to increase considerably in the next seven years: +60 billion euros. Most of all, booming online sales […]
In 2018, Burberry’s turnover will line up with the previous year financial statements. Things are going to change in 2019, since revenues are expected to increase by 15%. Most of all, earnings will supposedly go up, in double figures, in the 2020-2021 two-year period. The Italian team, composed by chief executive officer Gobbetti and creative […]
If you decide to entrust a Far East contractor with your work, in 2018, you may still get a nasty surprise. That is the way it is. At Panyu Shimen Handbag, a South Korean factory located in Guangzhou, female workers have been on strike since March 5 “because they have been paid no minimum wage […]
“I really feel honoured and happy to join Burberry as their new creative director; as well, I happily meet up with Marco Gobbetti again. I deeply look up to Burberry’s British heritage, and their appealing charm, widespread all over the world: I am really impressed by the potential of this amazing brand”. Such are the […]
“Production designers consider leather scraps to be little valuable, yet leather is a precious material”. Not to be wasted then. Christopher Bailey, fashion designer at Burberry, expounds the concept on which the English brand has based their joint action with Elvis & Kresse, a leather goods company, headquartered in London, specialised in manufacturing high-end accessories […]
Marco Gobbetti, Ceo of Burberry, announced during its brand’s fashion show, that an intensification in production (as well as various additions to the collection), is on the way for small handbags: “We have consolidated our product offering, regarding accessories; but right now, we have a great opportunity in an area that offers significant development for […]
Burberry has recognised the 643 employees of the USA forced extraordinary. The out-of-court settlement costs the British fashion group a $ 2.5 million check (around 2.1 million euros). The amount includes rewards for lawyers and a reimbursement of approximately $ 2,500 per employee. The agreement, which must still be approved by the competent court, is […]
For Burberry, this just passed, it has been Marco Gobbetti’s first week at the helm of the company. The Italian manager, formerly Celine, finally assumes the position of CEO, leaving Christopher Bailey as chairman and the freedom to devote exclusively to the brand’s creative direction. Gobbetti is in charge of handling a complicated situation. Co-ordinate […]
There has been a growth in leather products sales whereas profits have dropped. While has been an increase of 15% and revenues exceeding just a billion pounds, accessories have increasingly become Burberry’s strength. The same top management recognised “leather products” as a key factor, an element shown by the “overcoming” of two-digit growth in stock […]
Extend your online offer while still holding a catalogue share available only in stores. Increase the average price (+ 3% average) of the available products by lowering the entry level band. It is on this dual track that is articulating the product and pricing strategies of luxury brands in the relationship between the web and […]
Best ranking for Burberry, then Coach and Kors premium USA brands. Last position for Cèline, along with Saint Laurent, Hermès and Prada on low rankings. That’s the picture of the outcomes achieved by luxury fashion brands in the Chinese market, with regard to digital strategies. Quite a big endeavour, including online contents and assistance provided […]
Following New York runway shows, leather and fur are all around at London Fashion Week, closing today. Looking at Anya Hindmarch’s coloured shearling slippers and Simone Rocha’s open ones, made of fur, moving on to Ashley Williams’s hair-on calf leather jackets and Christopher Kane’s smart leather small jackets. In addition to that, Eudon Choi’s orange […]
After a long season of contraction in the expenditure in the final quarter of 2016 and forecasts of continuity for the first 6-9 months of 2017, the Chinese luxury market will grow. Exane BNP Paribas supports this prediction, saying the change in direction will be directed by young Chinese customers who have developed their own […]
Tough times for luxury brands, outdone by fast fashion and mass market brands. According to the latest Brand Finance “Global 500”, which pinpoints the most prestigious companies in the world ,fashion exclusive brands are being outdone by mass-market competitors. Nike have been performing best, as they place 28th in the world ranking (+13%). Looking at […]
January, 27 will be the first day at Burberry for former Celine CEO, Marco Gobbetti (here pictured), in his new role at the helm of the British luxury company. He will gradually take office as CEO, and working full time in this capacity from July, 5. In July 2016, Burberry recruited Gobbetti with a mandate […]
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: […]
For the high-end English brand a first half of the year to forget as the main financial result is negative. Revenues amounted to 1.159 billion pounds (down by 4% on an annual basis), while net earnings (146 million pounds) bounced back by 24% and gross profits (102 million) by 34%. Currency fluctuations have been among […]
