Ending price increments? Not a chance! According to Citi’s Luxury Pricing Tracker, since early January, only Hermès and Omega have significantly adjusted their price lists. But other brands of the same positioning will follow “in the coming weeks”. Ending price increments Citi’s Luxury Pricing Tracker monitors price increases across a broad assortment of products from...
Prada, green light for new leather factory in Piancastagnaio. The city council approved the building variance for the construction of the new factory. Exactly one year ago, the brand had purchased land in the village’s craft area, in the hamlet of Casa del Corto: now work can begin. This news gives hope to the luxury...
“Price increase? Only if the quality of the products goes up”. So says Niccolò Ricci, CEO of the Florentine fashion house Stefano Ricci (left in the photo). The super-luxury fashion brand founded by his father Stefano Ricci in 1972 goes against the tide: price increases are moderate, while turnover is rising steadily. So much so,...
Guido Lapi passed away Jan. 16 in Santa Croce sull’Arno, where he was born and lived. Born in 1948, the entrepreneur was, for many years, at the helm of the Lapi Group, a Tuscan holding company active in the chemical tanning and leather industry with various businesses. Passion for the tannery The son of one […]
Jack McCollough and Lazaro Hernandez, founders and creative directors of Proenza Schouler, have announced that they will leave the brand’s leadership as of 31 January. Despite stepping down from operational roles, they will remain on the board of directors. They will also retain an equity stake in the company, as well as working with the...
In the quarter ended Dec. 31, 2024, luxury giant Richemont reported a 10% increase in sales to 6.2 billion euros. Growth was positive in almost all regions, driven by Europe (+19%) and the Americas (+22%), with the exception of Asia, where sales fell 7%, mainly due to a combined 18% decline in mainland China, Hong […]
An intense, creative and global month begins for the entire fashion, leather and luxury industry. Lineapelle kicks off its cycle of international fairs that, from London to New York to Milan, will accompany exhibitors and visitors on a journey of inspiration, innovation and style. A unique opportunity to discuss the challenges of a complex economic […]
From winning the “A talent for shoes” competition in 2021 to launching her own brand Jules Meniconi. This is the story, still to be written, of Giulia Meniconi, 32 years old, originally from Calolziocorte (Lecco), who has recently become a new entrepreneur in the footwear sector. All with her own resources accumulated over the years....
Building a multifaceted brand value. That’s the goal of Prada Group, which has grown over the past year despite the general slowdown in luxury. Driving the performance is Miu Miu, which doubled its sales compared to last year. Almost unique, given increasingly negative bulletins from price increases and unsold inventory. According to Andrea Guerra, group...
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,...
Despite a very tough year for the global supply chain, there is one tanning industry that is smiling: Brazil’s, which can celebrate a 2024 budget in the positive area on all fronts. According to the reference association CICB, based on data compiled by SECEX, foreign sales grew 12.5% to $1.26 billion. So too are the […]
Expo Riva Schuh & Gardabags: numbers in line with expectations. Saturday, January 11 to Tuesday, January 14, 2025 took place the 102th edition of Expo Riva Schuh, an exhibition event focused on products in the medium segment. In attendance were 1,100 exhibitors from 36 countries. Visitors amounted to 9,000 from about 100 countries, in line...
Positive mood at Pitti Uomo. The show currently underway at the Fortezza da Basso in Florence (ends Friday, Jan. 17) and dedicated to menswear is outperforming exhibitors’ expectations. As if the market is itching to unleash its potential, often downsized by the current economic situation. Pitti Uomo goes better than expected Looking at the turnout...
Photographer Oliviero Toscani, among the most famous in Italy for his collaborations with fashion magazines, and advertising campaigns for brands such as Valentino, Fiorucci or Benetton, has died at 82. Toscani created some of the most famous and discussed advertisements of the 1990s, choosing complex themes with a strong social impact, for the Venetian clothing […]
Italy’s leather goods industry estimates to lose more than 1 billion euros in sales in 2024. Figures for the first nine months are negative: they show the decline of 107 companies in the sector and 1,307 employees compared to December 2023. In September, production was down 30% and the mood among entrepreneurs is low. The...
The best business is done with VICs (very important clients), the highest niche in the luxury customer pyramid. And to cater to them, Rolls-Royce is investing 360 million euros (£300 million) to expand the pavilion at its Goodwood headquarters which is dedicated to bespoke workmanship. The investment will boost the industrial hub, which opened in […]
In Flexform’s Luchino chair designed by Italian architect Antonio Citterio, leather plays a central role. “I can already see it fifty years from now, still there with its slightly worn leather”. This is how Citterio, who in an interview with AD justifies his design choices, imagines it. For the chair, in fact, the architect started...
Birkenstock doesn’t give up and tries again. It does everything in its power to prevent the imitation of its sandals, investing money hand over fist. Now it claims that its sandals are works of art, and as such should be protected by copyright. The Federal Court of Justice (BGH) in Karlsruhe, the final stage of...
Reuters reports on new details about the Italian authorities’ investigation into Dior’s supply chain. The spotlight is now on the audit system, which gives neither certainty nor guarantees on the actual regularity of the supply chain. This confirms what was understood from the documents of the Milan prosecutor’s investigation into the case in question. But...
2024 was “the most difficult year”. And for 2025, the watchwords are prudence and flexibility, but still accompanied by ambitious goals. Pietro Beccari, CEO of Louis Vuitton, the world’s largest luxury brand (controlled by LVMH), tells MFF. Beccari explains what the luxury crisis is caused by, and why he is confident of a recovery, but […]
