They call it an epic fail. In social jargon, it has become the way to define big mistakes or, if you will, catastrophic and unintentional slips. In essence: an epic fail buries you when, on the strength of a particular and acknowledged authority in a particular field, you share and spread a blatantly incorrect information. […]
Lear Corporation grows and buys. The US multinational closed the first quarter of 2024 at USD 6 billion, up 3% compared to the same period in 2023. The figure marks a record for Lear, which announced plans to acquire WIP Industrial Automation. USD 6 billion A record quarter for Lear Corporation, a major player in […]
Chanel claims again a price increase. Analysts applaud Hermès‘ list price adjustments. But they reproach Gucci for pushing them too high, ending up in a shadow cone between premium and luxury. Fashion is pushing up to shelter margins in this 2024 difficult for volumes. But precisely because of this, keeping the price/positioning ratio in balance […]
Power seats that teeter, that change and renew, while others remain firmly planted. In a spectrum of possibilities ranging from Slimane’s shaky one at Celine to Gobbetti’s firmly planted one as CEO of Ferragamo. A review of all the news. Teetering power seats The split between Celine and its creative director Hedi Slimane (pictured centre)...
The crisis or the sluggishness of some of the high-end brands is hitting the supply chain hard. And the consequences can be seen on the expectations of a certain Made in Italy. The leather goods industry foresees a grim 2024. According to a survey conducted by CNA Federmoda on a sample of almost 600 companies,...
Not wasting waste and managing excess stock for the fashion world are the hottest topic of the moment. It is no coincidence that Zerow is growing in this context. The Tuscan startup has launched a B2B platform to sell, donate and recycle redundant materials, allowing companies (both SMEs and brands) to measure and reduce their […]
Footwear manufacturer Giove, known in the sneakers’ segment for the Gio+ brand, has grown by an average 25% a year, each year. But such performance is also creating some issues. Because Giove needs to fit its production volumes to the actual needs: not an easy thing to do, given that third-party manufacturers are closing down...
The French leather supply chain generated a trade surplus of just over 5 billion euros in 2023. The year ended without much change from 2022: imports remained stable at around 14 billion euros, while exports grew by 6% to 19 billion, partly due to the effect of inflation. Leather goods is the dominant sector, driven […]
Prada doesn’t know what crisis mean. In the first quarter of 2024, the revenue of the Italian luxury group amounted to 1.19 billion euro, up 16% at constant rates. Miu Miu took off thanks to an 89% retail sales’ increment. The Prada brand also did well (+7%). It’s also worth mentioning the inversion of the […]
Hermès got three confirmations: the strength of the brand, the pull of handbags, and the positive performance of the super-luxury segment. In the first three months of 2024, sales of the French fashion house increased 17% at constant exchange rates and 12.6% at current exchange rates, to 3.81 billion euro. Leather goods placed +20.3%. Hermès […]
It’s called The Search for a Superstar, but we all know it as American Idol. Except in the US, where it only takes one word: Idol. Now in its 22nd year, it is the most popular and viral singing talent show in American media history. Suffice it to say that in the final of the […]
According to reports in the trade press, Apple‘s upper management have decided to discontinue production of FineWoven. Of the fabric, that is, presented with great fanfare last September as an alternative to high-quality leather. Lo and behold, FineWoven went so badly that it was discontinued after just six months. According to leaks on social media, […]
Michele will overturn Valentino. The brand’s president, Rachid Mohamed Rachid, assures that “a new chapter” is opening. And he is certain that the period in which so-called quiet luxury has flourished is coming to an end: “Bold colours and designs will return with force, and we are preparing ourselves”. The impression is that Valentino will...
Who are the artisans? According to Diego Della Valle, they are “the true anarchists of labour. They hold their success in their hands. They feel like godfathers, and they are right”. For young artisans, the owner of the Tod’s group is preparing, together with the Marche Region, a project involving degrees in art and craftsmanship....
It’s all about prices. The one tied to LVMH’s stock value (and of the luxury segment), which increased on April 17th after the market saw the results for Q1. And the ones tied to the products sold by LVMH, which doesn’t plan on lowering them. The group owned by Arnault doesn’t plan on reducing price...
Handbags and leather goods. Four companies show that the numbers for 2023 prove they year was a growth one for the fashion industry. From the luxury segment of Valextra to the medium segment of Mandarina Duck, through Piquadro and Coccinelle. Valextra’s 2023 Valextra doesn’t post its revenue. But its CEO Xavier Rougeaux told MF Fashion […]
On the occasion of the Made in Italy Day celebrations, Confindustria Moda organised an event dedicated to training. On 18 April, the fashion supply chain, from UNIC – Italian Tanneries to Assopellettieri, up to Assomac and Assocalzaturifici, met at IED headquarters in Rome. It was a meeting aimed at highlighting the strengths of the Italian […]
A training day to inspire young people to the creative art of Made in Italy and the driving force of its being a Superbrand. It was organised by Confindustria Moda in collaboration with IED Roma. It was held at the headquarters of the fashion school and, at the opening, welcomed speeches by Adolfo Urso, Minister […]
Not all leather goods manufacturers are struggling. “We manufacture 250 handbags per day. We don’t use redundancy funds, and in fact must use external workers from time to time”. A unicorn in the current segment of SMBs in fashion: Roberta Ghini (in photo) is the owner of Pelletterie Albatros in Figline Valdarno (Florence). She is...
The numbers for LVMH’s first quarter confirm the challenges of the fashion industry. From January to March, the largest conglomerate of the segment recorded a revenue of 20.7 billion euro: -2% compared to the same period of 2023 but 3% more in comparable value. The datapoint is aligned with the analysts’ forecasts, but the Fashion […]
