(Super) wealthy luxury customers are supporting demands for exotic leathers. Prices are rising both because of processing costs and players in this specific segment, which has three target markets. First: leather goods. Second: footwear. Third: watchmaking (for straps). A magic moment for crocodile, ostrich and, also, for the growing demands for customization. At Lineapelle 105...
Many, many, too many call for a fashion without crocodile, lizard or snakes. Because it’s unsustainable, they say. And sometimes, as it happened with the recent London Fashion Week ban, they receive from the system unexpected and undeserved assists. But the point is that many, even too many, have no idea of the exotic leather […]
New strategic transaction in the leather world. White Line, a tannery based in Ponte a Egola (San Miniato), acquired part of the capital of Reptilis (Santa Croce sull’Arno), buying out the shares of three exiting partners. Both companies specialize in exotic leathers and, this way, complement and complete their commercial offerings in this sector. The...
Tapestry sells Stuart Weitzman to Caleres for USD 105 million. Following the failed USD 8.5 billion deal between Tapestry and Capri Holdings, the two US companies are now looking at how they can proceed independently. Reports of indiscretions in early September 2024 had suggested that Tapestry was putting Stuart Weitzman up for sale, while Capri […]
The first coup of the day concerns Serge Brunschwig, who has just emerged from his 20-year stint at LVMH to become the new CEO of Jil Sander (OTB group). But this is not the only news, or rumour. Reports also mention Tamara Mellon, Roberta Benaglia and Marco Gobbetti. Rosso’s success There has been much talk...
After Kering, LVMH is leaving the Stella McCartney brand, too. The fashion designer, daughter of Beatles singer Paul, has bought back the minority stake held by LVMH in the brand she founded. The French giant had bought a 49 per cent stake in 2019. At the time, the French giant led by Bernard Arnault had […]
Marco Bizzarri, too, wants Versace. The former Gucci CEO, now in fashion in the guise of an investor, would also be on the list of those bidding to take over the brand leaving Capri Holdings. There are now 15 suitors, and at the beginning of February the circle will be tightened with concrete offers. In...
The Sole 24 Ore’s rumor about a deal being studied on the Capri Holdings – Prada axis finds basis on several levels. But the Corriere della Sera slightly changes the perspective to take on the deal: it would not be a blowback by Patrizio Bertelli for Versace, a brand that eluded him 7 years ago,...
Prada has reportedly set its eyes on Versace again. Seven years after an initial interest, which occurred when the Italian brand passed into the hands of Capri Holdings. Now, the hypothesis of a mega-merger with Tapestry having been defeated, the American group is exploring the possibility of selling the Italian brand and, perhaps, Jimmy Choo...
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 […]
Tod’s purchase of Jimmy Choo could work. Or maybe Richemont. On the other hand, Versace will attract the interest of many potential buyers, if the price is fair. Analysts speculate on who might buy the two brands Capri Holdings is putting up for sale. And, between the serious and the facetious, they wonder whether one […]
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 […]
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. […]
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 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%....
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...
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...
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...
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....
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 […]
