The banks are now calling for changes in the creative direction of the designer labels. Such is the case with HSBC, which sees Dior Donna as “under pressure” and would therefore like Jonathan Anderson to replace Maria Grazia Chiuri. Slowing down For HSBC analysts, changes are needed in the creative direction of Dior Donna because,...
Miu Miu, Margiela, Fendi, Carven: there are still many vacant creative director’s chairs. While rumours announce a new series of changes that could affect brands (such as Dior) and designers without tenure such as Slimane, Piccioli, Galliano and Tisci. The last two appointments, Trotter at Bottega Veneta and Blazy at Chanel, do not end the...
Arnault, Burberry and the generational transition. Remo Ruffini, CEO of Moncler, explains how the alliance with the LVMH boss came about and how he never thought about taking over Burberry. Not only that, he isn’t even thinking about new acquisitions to form an Italian luxury hub. Why he says yes to LVMH The tactic Bernard […]
Hermès continues on its path and raises prices. While the luxury world questions the effectiveness of the strategy of raising prices and targeting ultra-rich customers, the French fashion house continues its policy of consistency. The news comes at the same time as the somewhat optimistic report for China and luxury published by Deutsche Bank. Hermés...
Like every year, the wait is over. Pantone has chosen the colour for 2025: it is 17-1230 Mocha Mousse, a shade of light brown. In other words, that of a chocolate bar, coffee or cocoa. “Mocha Mousse is a soft brown, pervaded by a sensory and enveloping warmth. Driven by our need for small everyday […]
The price bubble has turned into a brands’ impasse. Analysts are wondering about the possible solutions: they rule out continuing raising prices, but also starting with the lowering of said prices. That would be another mistake that would drive customers away. The impasse of the brands Luca Solca, analyst at Bernstein, compiled with WWD a […]
The Japanese boom was one of the few positive news stories of the past year. And luxury brands managed to dampen it as well. Of course, currency fluctuations had something to do with the Japanese market’s positive moment: the weak yen attracted Chinese consumers, who found it cheaper to shop in the neighboring island country...
Mulberry in crisis cuts jobs and prices because it “asked too much of customers. The first half of the year results show a clear need to reprioritise and rebuild the business”, says CEO, Andrea Baldo. Hence two decisions. The first, painful: to lay off 85 of the 350 employees. The second, inevitable: to lower the […]
Burberry reverses strategy. First: it will focus on trench coats and not leather goods. Second: it will change its price list, as it admits to having exaggerated. All this while, rumours are circulating about a possible sale and the possible exit of creative director Daniel Lee. Burberry goes -22% The new strategy is called Burberry...
First they put it beside Moncler, which, with the strength of its partnership with LVMH, would have the resources to acquire a part of the British brand’s capital. Now a merger hypothesis pops up with Tapestry, which could take advantage of the favorable conjuncture for a bargain at a bargain price. In short, there is...
Is Moncler targeting Burberry? It would seem so, with the aim of establishing an outdoor hub. Although Remo Ruffini has repeatedly reiterated that he has no acquisition plans and wants to focus on his brands, Moncler and Stone Island. Meanwhile, one situation shifts from being a possibility to becoming a certainty. It concerns Jacquemus, which...
De Sarno is liked, his collections are selling. After the upper echelons of Kering spoke of a “warm welcome” for the work of the designer from Campania, now retailers too confirm that Gucci’s new aesthetic is meeting with customer approval. Encouraging as it may be, analysts say the signs of public approval will not prevent...
The big challenge for luxury and its supply chain lies in how to attract aspirational consumers. Comparative analysts consider it unlikely that luxury companies’ financial performance will improve in the second half of 2024. A thought that, as early as today, with the late afternoon release of LVMH’s third quarter results, may or may not...
And now rumours about Jonathan Anderson too, who should leave Loewe to go to Dior. And then on Maria Grazia Chiuri, writes Miss Tweed, who would leave the LVMH brand to go to Chanel (or even Gucci, who knows). The pinwheel of chairs and appointments, between indiscretions and confirmations, never stops. And in the meantime,...
Luxury lacks new products. By now it is a chorus: luxury is facing a crisis also because, in the face of rising prices, it does not have an adequate offer. Fashion designer Riccardo Tisci said it a few days ago. It was reiterated by Marco Bizzarri at the fourth edition of Mediobanca’s Luxury Goods Conference....
Inditex and Burberry are the zenith and nadir of fashion on the stock market. The stock of the Galician fast fashion giant has gained 26% from the beginning of the year to date. That of the British luxury brand has lost 57%. In recent months, fast fashion has reversed the trend of recent years and...
It’s time for new creative directors. After Tom Ford which chose Haider Ackermann, and Uniqlo which hired Clare Waight Keller, Givenchy has chosen Sarah Burton (pictured) as its new creative director. Among other things, confirming rumours that had been circulating for some time. Among many new arrivals there is also a farewell. It is that...
“Now it’s a mess. Everything looks the same”. The words of Riccardo Tisci (pictured, from Instagram) confirm a certain homologation of luxury. Brands do it all. From clothes to accessories, from perfumes to jewellery. But in doing so, they have weakened their own identity, ending up resembling each other. A winning strategy when consumer demand […]
Getting rid of unsold stock is a problem that also involves luxury. Not only fast fashion. Designer goods have been found in Halto Ospicio, Chile. And, together with other fashion goods, they colour the Atacama desert. From H&M, Old Navy, Zara, Guess, Adidas, Gap and Shein labels to Calvin Klein, to Gucci, Chanel and Dior....
We are used to big brands exerting their appeal on the staff of smaller brands. But, sometimes, the clash also shifts to the floor of maisons with billionaire turnovers. Two cases in the space of a few hours. Benedetta Petruzzo, hitherto CEO of Miu Miu, leaves the Prada group and moves to Dior. In the...
