Versace, Jimmy Choo: Capri instructs Barclays to look for buyers

Versace, Jimmy Choo: Capri instructs Barclays to look for buyers

Will Versace become an Italian brand again? There is a possibility, because Capri Holdings wants to sell it. And it would also like to divest Jimmy Choo in order to obtain useful financial resources to relaunch Michael Kors, its most important brand. The multinational company, in order to achieve this goal, has reportedly appointed Barclays […]

Black year for luxury: Ferragamo expects a write-down of up to 90 million

Black year for luxury: Ferragamo expects a write-down of up to 90 million

The board of directors of Salvatore Ferragamo, given the slowdown in the luxury sector in which it operates, has carried out some simulations equivalent to those that will have to be carried out in the write-down during the preparation of the draft financial statements as of December 31, 2024. Devaluation, which, they make known through […]

Style Capital raises its hand for Jacquemus, Lampo buys MyZip

Style Capital raises its hand for Jacquemus, Lampo buys MyZip

Supply chain transactions: one has been concluded, the other may come in the next few days. Style Capital has given a “like” on Jacquemus, putting it on its list of favorites. Conversely, Lampo is buying close-by Myzip for an all-Brescia-based aggregation. Style Capital sets its sights on Jacquemus Jacquemus is looking for a minority investor. […]

Golden Goose + On? The ideal third player in the Adidas-Nike duel

Golden Goose + On? The ideal third player in the Adidas-Nike duel

While the competition for supremacy in the sneakers’ market is being fought between Nike and Adidas, a new development has presented itself (as the former was ahead but the latter on the rise): the technical shoe. And it’s precisely in this framework of old and new players that a potential partnership between Golden Goose and […]

The new FTC manufacturing cluster presents itself by aggregating 4 companies

The new FTC manufacturing cluster presents itself by aggregating 4 companies

The new manufacturing cluster FTC (Filiera Toscana della Calzatura) is born. And it does so on the impetus of Michele Paris, an entrepreneur active in buy-and-build processes in the fashion and luxury chain, who heads the company P4. Together with Paris, there is private equity fund Azimut, which holds a minority stake of over 30%....

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Every man for himself: no merger between Tapestry and Capri

Every man for himself: no merger between Tapestry and Capri

Every man for himself. Tapestry and Capri Holdings threw in the towel and officially decided to mutually terminate their merger agreement. The process, which had to be completed with US regulatory approvals and, thus, the conclusion of the lawsuit against the FTC (Federal Trade Commission), was unlikely to be completed by the time the merger...

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Budgets and budgets: some see no crisis, some see black

Budgets and budgets: some see no crisis, some see black

Not all are in crisis. Ralph Lauren, Tapestry, Wolverine, Steve Madden, and Golden Goose are on a roll. Richemont is holding up, while Capri Holdings is in trouble. Here’s what the latest published financial statements tell us. Budgets and budgets, starting with Richemont Investors were disappointed by the lower-than-expected operating profits posted across all of...

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Why so many rumors? Because no one believes that Burberry will save itself

Why so many rumors? Because no one believes that Burberry will save itself

First they put it beside Moncler, which, with the strength of its partnership with LVMH, would have the resources to acquire a part of the British brand’s capital. Now a merger hypothesis pops up with Tapestry, which could take advantage of the favorable conjuncture for a bargain at a bargain price. In short, there is...

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Tapestry-Capri and Mulberry deal failures will have consequences

Tapestry-Capri and Mulberry deal failures will have consequences

Mergers open prospects, but failure to close deals cause consequences. In the states, Judge Jennifer Rochon blocked the $8.5 billion merger between Tapestry and Capri Holdings, agreeing with the Federal Trade Commission. In the U.K., meanwhile, Mulberry’s owners managed to shield themselves from Frasers’ takeover attempts, but the company then decided to apply lay off....

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So Versace would be for sale, Ferragamo would not (if all goes well)

So Versace would be for sale, Ferragamo would not (if all goes well)

Versace would be for sale, a collateral victim of the merger between Capri Holdings and Tapestry. On the subject of M&As, Giovanna Ferragamo, Salvatore’s second daughter, dismisses the hypothesis of the brand founded by her father Salvatore changing hands: she believes in independence and in the generational transition thanks to the rule of “three”. Versace […]

Struggling brands changing ownership, management, or both

Struggling brands changing ownership, management, or both

Struggling brands (desperately) looking for a way to turn things around. There are those who have completed the sale (Off-White and Bally) and those who may seal it soon (Mulberry). But there is also one retail brand that is working and appealing to investors: Kurt Geiger. LVMH is not buying this time For once LVMH...

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Tapestry v. FTC: a legal thriller that may hurt Kors

Tapestry v. FTC: a legal thriller that may hurt Kors

The Michael Kors brand has become a player (or perhaps a victim) in court, as part of the legal battle between Tapestry and the FTC. The Federal Trade Commission wants to prevent a merger between Tapestry and Capri Holdings. As part of the proceedings, the judge showed some images that Tapestry executive Elizabeth Harris sent...

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What the clash between Tapestry and FTC tells us about affordable luxury

What the clash between Tapestry and FTC tells us about affordable luxury

Affordable luxury is at the center of the dispute between Tapestry+Capri Holdings and the FTC – Federal Trade Commission. The litigation, in fact, hinges on both sides’ submission to the U.S. District Court in Manhattan of the definition of accessible luxury. For insiders, FTC’s is a political battle to defend the middle class. What the...

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Revolution underway at Tapestry: is Stuart Weitzman for sale?

Revolution underway at Tapestry: is Stuart Weitzman for sale?

Stuart Weitzman is reportedly for sale. CEO Giorgio Sarnè has reportedly left the company already and may be joining Montblanc. All this while Tapestry, the shoe brand’s parent company, will defend its USD 8.5 billion acquisition of Capri Holdings against FTC (Federal Trade Commission); opposition that started on 9 September. Is Stuart Weitzman for sale? […]

Consumption in China slows further, and luxury stocks see no light

Consumption in China slows further, and luxury stocks see no light

China is suffocating the luxury segment, with stocks seeing no light at the end of the tunnel. On Thursday, September 5, shares of some of the major European luxury goods players fell sharply. For example, Hermès, which lost 6%. The day before, Morgan Stanley revised (down) its forecast for LVMH stock, which lost more than...

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Equita creates shoe hub, Gradiente acquires Hawai

Equita creates shoe hub, Gradiente acquires Hawai

Private equity funds are on the move despite the crisis. Or, perhaps, precisely because there is a crisis. Not even in August, therefore, does the drive to integrate the production chain come to a halt. Equita buys two Tuscan shoe factories: Everyn and Maruska. Gradiente acquires Hawai Italia, a Veronese company active in the creation...

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US Retail Revolution: Saks buys Neiman Marcus (but there's more)

US Retail Revolution: Saks buys Neiman Marcus (but there’s more)

Retail revolution in the US. HBC – Hudson’s Bay Company, owner of Saks Fifth Avenue, has acquired Neiman Marcus Group (with a contribution from Amazon). From the operation, Saks Global will be created, but it does not end there, because Arkhouse and Brigade Capital have increased their bid to annex Macy’s. Changes are around the...

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So, Nike has gone from being a sports giant to a sick giant

So, Nike has gone from being a sports giant to a sick giant

Nike is now a sick giant. The US giant expects a 10% drop in revenues in the first quarter of the 2024-2025 fiscal year (June-August) because competition is fierce. Not only from Adidas, but also from emerging brands such as Hoka and On. And markets are weak, including China. The company has also lowered its […]

One in a hundred succeeds: LVMH Métiers d'Art's tight meshes

One in a hundred succeeds: LVMH Métiers d’Art’s tight meshes

Through Métiers d’Art, the LVMH group invests in the industrial supply chain, sure. But it is not easy, from the perspective of SMEs and artisans, to measure up with a merger operation: the French holding company has tight, or rather very tight, meshes. CEO Matteo De Rosa explained it on the sidelines of the presentation […]