China hurts Capri Holdings. The stock value plummeted, but Versace is the most resilient brand. The group cut forecasts for the year due to Covid in China, as the pandemic caused the demand for its products to get lower. Capri Holdings now expects to close the fiscal year in March 2023 with a revenue of […]
Tapestry beats Capri. At least during the last quarter of 2022. Yet Ralph Lauren too recorded great results, as far as US competitors go. Tapestry’s products (perceived as more interesting for younger generations) and the lower dependance on large US malls are, according to market analysts, the two factors that allowed the group that owns […]
It is strange to hear Demna Gvasalia preach prudence. He, the disruptive and irregular designer by definition, announcing for March in Paris “a deliberately simple show”. But right now, the Georgian designer has other priorities: extinguishing the controversy, getting the brand back on track and, above all, keeping Balenciaga. Yes, because in the last few...
Conceria Milanese restarts. The company based in Rho, specialized in tanning precious leather and fur, and just recently re-capitalized, is now in the condition of cancelling all debt and “dispense a new type of commercial financing”, states an official statement published by the company’s advisor. The operation changes the internal division of shares as well:...
Price harmonization? In theory it exists, but it’s not applied. Often luxury brands justify price lists’ increments with the need to harmonize them. In other words: the same accessory should have around the same price all over the world. Yet, Bain’s report titled China Luxury Report shows that there is a sensible difference between prices...
Prada beats Gucci when it comes to being the most online-searched brand in the 4th quarter of 2022, says Lyst. While in 2022, with 88 million interactions, Dior is king of Instagram according to digital marketing firm Emplifi. The last online rankings for the luxury industry prove it: Moncler’s rise and Balenciaga’s slide. Impacted by...
Conceria Cristina is strengthening its position in the USA. The Vicenza-based tannery (which together with Gasby and Miura makes up the Peretti Group) is teaming up with Tiger Leather of Greensboro (North Carolina) to form a joint venture called the Peretti Leather Group. Objective: to preside over the medium/high US furniture market. But also, as...
The market is waiting for a new start after the winter dry spell. It is demonstrated by the Leather pavilion at Prèmiere Vision (Paris, 7-9 February), in the throes of the second day of the fair, after an initial one conditioned (also) by the general strike called in France. Yes, if the Paris-Nord Villepinte show,...
How to win in a “very aggressive price range”. The Italian brand The Jack Leathers has succeeded in doing so by maintaining very competitive price lists, to say the least. “We are 30% below our competitors,” explained Franco Lucchese, CEO of John Peter di Asti, owner of the brand, “and every season we grow by...
A new Michelangelo of leather. Capable of sublimate it, sculpt it, as if it was a moving piece of marble. His name is Robert Mercier, already a leather artisan for Vuitton and Hermès. “I have the fixation of creating pieces with experimental techniques – he explains to connaissancedesarts.com, after having narrated his work via podcast […]
Turkish shoes’ production is becoming too expensive. And as a consequence, foreign clients prefer to move supply chains in India or Portugal. Turkey was turning out to be the winner of the challenging situation that impacted Asia’s supply chain systems during the last two years. But according to Berke İçten, president of TASD (the nation’s […]
More than words, are worth images. More than feelings, is worth the substantial satisfaction of those who exhibited and visited Lineapelle New York on 1 and 2 February. The event, which introduced overseas the themes and styles that will characterise Lineapelle Milano (21/23 February, Fieramilano Rho), ignited the US market. And that is, whichever way...
Italian Fashion Days ended its tour in Korea with an outcome that brings hope for the future. A future where other events will take place in Asia /February 7th – 9th), when Shoes from Italy & Moda Italia will be held in Tokyo. Italian Fashion Days ends its tour in Korea Being present at Italian...
“After 3 years of pandemic, during which we all spoke of the changes we wanted to the system, slowdowns, and other topics, we are back to the start. We are once again subject to the brutality of algorithms”. Thoughts and words of Francesco Risso, creative director of Marni, a brand owned by OTB. The brand […]
“Less of a trainer. Especially in the evening, both men and women prefer to wear a shoe that stands out”. These are the words of Gianni Attimonelli, CEO of the brand The-Antipode, owned by the Italian Group, a company based in Andria, and part of Massimo Bonini‘s stable. It is growing both in Italy and...
Russia left a hole for the leather industry. Since about a year ago, when relations between Russia and Europe and North America grew thin (if not worse given the sanctions imposed), Russia has been looking for new commercial partners in Central Asia. Trade with India has already flourished and a new agreement with Pakistan could […]
After De Sarno‘s announcement at Gucci, which came on a Saturday (i.e. with the stock market closed), the first question from observers was: who knows how the markets will react. Come Monday, the answer is “flat”. As a Reuters bulletin updates, the parent company Kering opened with -0.1%. The arrival of Alessandro Michele‘s long-awaited heir […]
Designer Nicholas Kirkwood is closing his brand. Less than 2 and a half years after parting ways with LVMH, the award-winning British designer has decided to discontinue his brand after 18 years in business. He announced it on his Instagram profile. Known for making sculptural heels out of unusual materials, Kirkwood had embarked on a […]
Good. Very good. The Washington Post also realized that behind the spread of nomenclatures such as eco-friendly, vegan, bio, ethical, sustainable there (often) is deceit. We are pleased that the news source that became famous for reporting on Watergate, reached the conclusion. And we are even more pleased when we read the specific references to the inconsistency of […]
It’s not just the luxury segment that’s having problems with production. Young brands also face the same challenges. Noova’s Nicolò Coltri and Enrico Ferri (in photo), for example, have a few. For example: a general increase of minimum order quantity. Or that the number of suppliers is decreasing “also because luxury brands are buying them all”. So, Vigevano-based...
