Two hundred million euros from the LVMH group to buy Leo Shoes. This, according to a series of news reports carried by Mergermarket, a financial information group controlled by the Bc Partners fund, is the investment that Bernard Arnault is ready to put into play to take over the majority of the Salento-based shoe manufacturer,...
Jean Paul Gaultier‘s aesthetic joins forces with Jimmy Choo‘s iconic footwear designs in the collaboration that boasts Kylie Minogue as its testimonial. The starting point according to Sandra Choi, Choo’s creative director, was to seek shared codes with Florence Tétier, who instead heads JPG, to reflect on femininity. Good. At first glance, however, and with...
The comeback of the dress shoe is there, but it does not affect the trainer business. It cannot, because it does not have the numbers to challenge the trainer business. This comeback, however, is clear to the leather sole and heel factories. After the difficulties that came with the pandemic, they are now catching up....
He says to be sad about the struggles of his creation. The fact that YNAP was reaching maturity was clear to him. He is also certain that platforms need to invent something new to compete against own brands’ e-commerce. Marchetti (in photo from his website) sold Yoox Net-A-Porter (YNAP) to Richemont for 5 billion in...
Running shoes, moccasins and flats: these are the shoes selling the most in the USA. They are versatile and can be worn all year long, as well as being a convenient choice for consumers while they face inflation. According to research firm Circana, footwear sales in the USA decreased 3% from January to August 2023 […]
“Three companies coming by the end of the year. Then, we will continue to aggregate in 2024”. Visiting La Conceria editorial office at Lineapelle, MTW Holding CEO Cesare Luzzana (pictured, right) analyses the situation in the accessories market. With a past at Giorgio Armani and Jimmy Choo, Luzzana became CEO of Metalworks in December 2020....
5 manufacturing clusters in an increasingly concentrated marketplace. The market for metal accessories manufacturers producing for the luxury and fashion industry is in a time of mergers. The last operation was closed by MinervaHub, which bought 100% of LTM, company located in Castrocaro Terme (Forlì-Cesena) “active in the creation and production of metal components for […]
Yes, to investments, no to mergers. Andrea Della Valle (Tod’s) is clear. The entrepreneur participated to the first showing of Hogan’s Spring-Summer 2024 collection in Milan during Fashion Week. Della Valle said to be satisfied by the brand and group’s results, while commenting on them. He also mentioned the investment made to build the distribution...
Merging to beat Chinese competition. This is the main objective of the merger between the tanneries Viposa and Vancouros. This is how Viva was born, a Brazilian company with a turnover of around EUR 600 million per year. The announcement comes after five years of negotiations and six joint ventures. The new reality will have...
All that’s left is for us to get together. In a market where the big ones get bigger and bigger and the small ones feel more and more squeezed, the latter fear that their share of the market will become smaller and smaller. And end up disappearing. “To continue to compete, we should merge. By...
Peugeot invests 20 million in Florence group, thus making an entrance in the made-in-Italy luxury manufacturing segment. The family made the operation through Peugeot Invest, the same one through which it holds 7% of Stellantis, the group created by the brand’s merger with Fiat-Chrysler (owner of a few brands). Corriere della Sera writes that put […]
Lanvin’s first semester showed some positive signs and some difficulties. Sergio Rossi performed well, but the leading brand is being impacted by the creative director vacancy (which management hopes to fill as soon as possible). PVH showed promise in its performances during the last quarter, and is handling the market better than its competitors, when...
The merry-go-round of September fashion weeks is about to start again. It will be New York fashion shows (8-13) to inaugurate the tour de force in view of the Spring-Summer 2024 season. The Big Apple will host the fashion shows of over 71 brands. Highlights on the calendar include the return of Ralph Lauren and...
August is rarely a news-filled month for the fashion industry, but this year it’s different. While a first shake-up was provided by Kering (on July 27th), which paid 1.7 billion euro for 30% of Valentino, August 10th was also an impressive day. Tapestry decided to resolve Capri Holdings’ competition with a simple approach: by acquiring...
The financial statements of the two groups that made the news cycle for their merger was – to put it lightly -, shadowy for the April to June period. Tapestry did worse than forecasted, while Capri Holdings published numbers better than expected by analysts, but still below those of the buyer. Weighing down both entities […]
Asia and handbags. These will be the first targets of Gianvito Rossi‘s expansion under the new ownership of Richemont. The conglomerate confirmed “that it has acquired a controlling stake” in the Romagna-based shoemaker. The eponymous founder will retain a stake in the company and continue to develop the brand. The announcement confirms rumours that Richemont,...
Francesca Bellettini, Jacopo Venturini, and Robert Eggs, are allegedly all candidates in line to become Gucci’s news CEO. Chanel’s ex-manager Maureen Chiquet could end up substitute Francesca Bellettini for Saint Laurent. These are the forecasts prepared by financial analysts for the period following Bizzarri. These same analysts though, are debating the reasons behind the growth...
His tenure as president of the LHCA, the amalgamation of LIA (the US tanners’ association) and USHSLA (the traders’ association), is coming to an end. In his more than ten years at the top of the US leather industry, Stephen Sothmann (pictured) has seen the sector experience exciting moments, such as during the boom in...
French shoe manufacturer Clergerie is getting American. Titan Footwear, a subsidiary of the US group Titan Industries, is the saviour of the transalpine brand that went into receivership last March. Titan will retain 45% of the workforce (60 of the 134 employees). Crisis and (potential) revival Founded in 1981 by Robert Clergerie, the brand was...
The trend that plays a watershed role is athleisure. For better or worse, it is it who influences not only the footwear market, but also handbag purchases. Especially in the United States, as a recent survey by Circana, a company formed by the merger of IRI (Information Resources Inc) and The NPD Group, explains. Who...
