The stock market remains unmoved by LVMH. Shares of the French luxury giant fell 7% following the announcement of its financial results. The decline reflects falling margins and the group’s cautious statements. Meanwhile, LVMH has invested €1 billion to strengthen its control of Loro Piana. Jewelry brands (Tiffany and Bulgari) outperform leather goods, and China […]
In the United States, ABG has completed the acquisition of Guess. Authentic Brands Group has finalised the deal, spending a total of USD 1.475 billion. In the United Kingdom, meanwhile, Next Plc has acquired British footwear brand Russell & Bromley for GBP 2.5 million. ABG buys Guess The Guess brand generates around USD 6 billion […]
Henkel wants to acquire Stahl. The German giant based in Düsseldorf has confirmed that it is in talks with Wendel, the French majority shareholder of Stahl, for a deal with an indicative value of up to €2 billion. However, Wendel told Bloomberg that it isn’t negotiating the sale exclusively with Henkel. It’s still unclear whether […]
After the acquisition: new Board of Directors for Versace (taken over by Prada), and HSG (which acquired Golden Goose) renegotiated the debt. Lorenzo Bertelli has been appointed executive chairman of Versace, as he had announced immediately after the acquisition. A pool of banks is financing a loan to support the acquisition of Golden Goose. New...
Double merger at the end of the year in the sneakers’ world. Swinger acquires Philippe Model Paris, while Golden Goose finalizes negotiations to pass into the hands of the Chinese company HSG (formerly Sequoia Capital China), now majority shareholders of the brand. The common thread linking the two transactions is the Veneto region: Here’s why. […]
It has been a turbulent end to the year in the world of luxury, fashion, and retail. Between reorganizations, consolidations, crises, and more, there are several moves being made that will be reflected in the accounts in 2025, or show in 2026. Etro, Kering, Mgm, Ssense, Next, and Saks are the protagonists of the changes....
Footwear production in the Marche region is declining. This quarterly economic survey by Confindustria Marche shows that in the third quarter of 2025 there was an 8.2% decline compared to the same period last year. “The figures will worsen in the fourth quarter. The phones of companies in the supply chain aren’t ringing… And we...
Military footwear is, unfortunately, a sector with solid prospects. It is therefore no coincidence that in Switzerland, local group Kybun Joya has acquired the historic Zurich-based brand Elgg, which for decades has been one of the country’s leading manufacturers of military boots. The first model to be developed will be a combat boot designed for […]
European luxury seems to be undergoing a never-ending transition, and even the most solid brands, such as Chanel, are having to deal with profound changes. According to Glitz.Paris, the French fashion house is looking ahead to the post-Pavlovsky era, and even the last of the veterans remaining at the top seems to be wavering. There...
It accounts for 18% of turnover (just over EUR 1 billion in the third quarter). But precisely because it is a well-established and reputable business unit, there is the opportunity to sell it well (for EUR 3.5 billion, according to analysts’ estimates). Forvia is sacrificing its Interiors division and is counting on doing so to […]
About three years after its last acquisition, Gemata acquires Todesco. The Trissino-based company (Vicenza), already a leader among manufacturers of leather finishing machines, brings on board the company headquartered in Cerazzo (Vicenza) that produces leather finishing systems. The CEOs of the two entities, Giulio Mandruzzato and Paolo Todesco, told La Conceria why they decided to...
JBS and Viva are merging in the name of leather. The result is the Brazilian super-group JBS Viva: 31 facilities and more than 11,000 employees across Brazil, Italy, Uruguay, Argentina, Mexico and Vietnam. The new company will process over 20 million hides a year. Here are the terms and reactions surrounding the deal, which […]
It’s been a busy end of the year for M&A deals, with Missoni heading to ABG and the US, meaning the brand could soon become American. Authentic Brands Group is in exclusive negotiations to acquire it. While this deal is still being finalized, three others are practically done: Fila has acquired Seven (Invicta, SJ Gang,...
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 […]
