Ralph Lauren’s third quarter sales results exceeded its own expectations, and those of the analysts. Both sales and profits were surprising. During the period that closed on December 28th, the group reached 1.75 billion USD in sales: +1% at current rates and +2% at constant rates. The result surpassed the analysts’ estimate, which was of […]
Lineapelle is on the agenda, at Fieramilano Rho, on next February 19-21. The exhibition is going to welcome around 1,250 exhibitors. As regards buyers, about 20,000 of them will expectedly show up at the fair, as usual. Simac Tanning Tech (the fair that spotlights technology for the leather, footwear and leather goods industry) will run […]
Milan is gearing up for February fairs. Indeed, in the weeks to come, professionals and operators, actively playing in the leather, fashion and luxury industry, will be engaged in several appealing fairs and exhibition events. The agenda is full (a great deal). We strove to outline it. Save the dates then. 4th February The exhibiting […]
APLF is considering changing its dates. Informa Markets, the body that organises the Hong Kong fair, takes note of the indications by the World Health Organisation, and questions the event calendar. The fair is programmed from March 31, till April 2, but it seems very likely for this dates to change. APLF considers whether to […]
Morgan Stanley have provided such financial forecast: Coronavirus is about to hit China’s gross domestic product, which will drop by 1%. Owing to the virus outbreak, Chinese economy is likely to slow down considerably, so much so that “all import-export relations with Western countries, or almost all of them, will come to a stop”, commented […]
“Following the spreading of the Coronavirus 2019-nCoV, originating in the city of Wuhan (China), Italy’s Foreign Ministry recommended all to avoid travelling to the Hubei region”. This is the strong statement written by Confindustria’s General Directory (Italian association of industrials), to its associates. Words necessary to rationalize the approach to the situation developing now in […]
From luxury stores in Italy to the stock performances of luxury brands and groups in Europe, and even the supplies of made in China goods: the red alert continues to grow, the Coronavirus disease concerns and infects the fashion industry as well. Finance’s response The first to react to the Chinese virus were the financial […]
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 […]
