Markets, creativity, pricing, through to acquisitions made (Versace) or imagined (Armani). In the conference call following the publication of the quarterly report (+6% in revenues), CEO Andrea Guerra (in photo) unveiled the strategies of Prada group, and pointed out how both Prada and Miu Miu have accelerated in terms of leather goods offering. Prada Group’s […]
An acquisition born from the need to manage a generational transition in the best possible way. Dutch leather representative Maasleder, based in Waalwijk, has acquired Van Oosterum Leder, headquartered in Raamsdonksveer. The deal — as explained by Van Oosterum’s CEO, Evert van Oosterum, in an online statement — “secures the future of the family business”. […]
“Are we really sure production volumes from 2022 won’t return? I wouldn’t be so certain”. So says Alex Corsico, CEO of Comelz, a company based in Vigevano (Pavia) specialising in cutting machines for leather and synthetic materials for the footwear industry. Corsico sees a market that remains sluggish but is beginning to show signs of...
The African market: between development potential and reality, and mergers between companies. These are the two strong themes coming out of Simac Tanning Tech, the tradeshow dedicated to the footwear, leather goods and tanning technology sector. Exhibitors are feeling the drastic decline in automotive, and shoes and bags are struggling. Geographically too, there are no...
Ralph Lauren and Tapestry may be very different companies, yet they share a lot of traits. Both are growing strongly in their home market (meaning the US), redefining affordable luxury, expanding their customer bases and raising prices with ease. Just as in China, where consumers are increasingly drawn to local brands (even if those brands […]
The silence of the parties (which smells of confirmation of Sergio Rossi’s handover to Massimo Bonini). The role of Amina Muaddi and that of Piquadro, which is slipping away. The second news of the sale of the Romagnolo shoe factory, which La Conceria circulated first, awaits only the official announcement. At the operational level, the […]
ABG-Authentic Brands Group bought Guess and as a consequence brings its total turnover to 38 billion USD. The US company doesn’t stop buying and is now the world’s largest intellectual property platform in sports, lifestyle and entertainment. ABG owns more than 50 brands, with over 29,000 between independent stores and corner-shopes, and more than 500,000 […]
The luxury slowdown also affected Tod’s. The Marche-based group closed 2024 with declining revenue and a loss, mainly to China. Meanwhile, the reorganization of the company’s corporate structure after its exit from the Milan Stock Exchange 13 months ago has come to a close. Declining revenue and a loss Tod’s Group joins the long list […]
The merger of Saks Fifth Avenue and Neiman Marcus last year with a $2.7 billion investment was supposed to consolidate the group’s position as a benchmark in the luxury industry. Instead, it seems, unity doesn’t bring strength. Indeed, months later, the signs are anything but positive. The two chains are losing ground to competitors such...
White Line Srl, a tannery in Ponte a Egola (San Miniato) specializing in the processing of exotic leathers for high fashion, got financial support from Mediocredito Centrale (MCC) and UniCredit. The two banks have jointly subscribed to a €3 million minibond, issued under the tool “Made in Italy” program. The eight-year loan will be used...
2025 isn’t just another year for the luxury world. It is a time of strategic transition that forces the industry to redefine priorities and visions. Outlining the prospects was Claudia D’Arpizio, partner at Bain & Company, who spoke at the third edition of Change Maker, organized by Zalando and CNMI. It was an opportunity to […]
Brazilian private equity firm 3G Capital, which also owns Burger King, is buying Skechers for $9.4 billion: it’s the largest acquisition in history for a footwear brand and the second largest ever in fashion after Tiffany’s one to LVMH (2020). But it’s also one of the most unlikely, because it’s the debut of 3G Capital […]
Independence runs in the family. At a time when acquisitions and supply-chain mergers are the norm, the strength of family-run businesses continues to surprise. Thanks to the solidity and drive brought by generational transition, Conceria Enterprise (based in Santa Croce sull’Arno) has successfully celebrated its first forty years of business. The company, founded in 1985...
Coin’s relaunch saves 1,390 jobs, while the merger between Saks Fifth Avenue and Neiman Marcus costs 550 people theirs. The 10 million euro paid by Invitalia to become a 30.1% shareholder in Coin was decisive in launching a 43 million revitalization maneuver. In the U.S., the integration of the operations of the two department stores, […]
A new vertical integration within the leather supply chain. Gruppo Vecchia Toscana (Fucecchio, Florence) has taken over the management of Manifattura Toscana Pellami (Ponte a Egola, San Miniato), a company specialising in the production of split hides and heavy-weight bovine leather for belts, leather goods, and furnishings. “We found this company very interesting for our...
Patience and discipline are the key words with which Prada plans to relaunch Versace. Group CEO Andrea Guerra used Miu Miu as an example, as “it took 36 to 48 months to reap the first fruits”. Based on 2024 financial figures, Versace accounts for 13% of the group’s revenue, projected to total 6.3 billion euro....
In the UK, three new CEOs have been appointed across major fashion companies. The brands affected are Victoria Beckham, online retailer Yoox Net-a-Porter (YNAP), and fashion chain Primark. These leadership changes have all taken place in the past few hours. Beckham appoints a new CEO Is Victoria Beckham aiming to strengthen her brand in leather...
“I want to have a peaceful business. I’m not interested in growing at all costs. I’d rather merge with someone to ensure the company’s continuity” says Daniele Mengoni (pictured), 64, owner of Calzaturificio Liverpool, based in Villanova del Ghebbo (Rovigo). The company employs 20 people, primarily thanks to exports to Israel. Liverpool Shoes Liverpool Shoes...
The failure to merge with Capri Holdings seemed like a major defeat. Instead, markets are rewarding Tapestry’s new course, albeit in mini-format, with a great injection of confidence. Then again, the issue is on the analysts’ table, and we address it in the April issue of our monthly magazine with Susanna Nicoletti. The systemic fashion...
The news is not whether it will be done (because it seems to be closed), but when. According to Il Sole 24 Ore, in fact, the Prada-Versace deal is very close. As Carlo Festa points out, the exclusivity granted by Capri Holdings to Prada will expire on April 10, and the latter will have to...
