There was barely time to metabolize the announcement of the transaction with Prada and Rino Mastrotto is already back in the spotlight for its policy of aggregative diversification. In other words, the Vicenza-based group, together with Gruppo Marzotto, gives birth to Jacqart – Trame d’Arredo. In this way, the entity enters the ” high-quality jacquard...
By the end of July, the Ministry for Enterprise and Made in Italy will present a draft law aimed at defining regulatory and financial tools to support fashion companies and facilitate the generational transfer of skills. The announcement was made by Adolfo Urso during the sixth edition of the “Fashion & Luxury Talk”, an event […]
Kering seems find itself in limbo. After the creative changes that destabilized Gucci and Balenciaga, now even Valentino – in Kering’s orbit after the French group’s acquisition – seems to have entered a crisis. According to rumors first advanced by The Platform, Jacopo Venturini, CEO of the Roman brand since 2020, is reportedly about to...
Prada, Fendi, Dior, and Bally. One CEO role and three creative positions are at the centre of another reshuffle at the top. Departures, arrivals, and potential appointments — here are the four key moves. Another round begins Prada’s CEO, Gianfranco D’Attis, will step down from the Italian luxury brand at the end of June. The...
From Pitti to Milan: the month of menswear fashion is now in full swing. As the Florentine event (scheduled from 17 to 20 June) draws to a close, the curtain rises on the four-day Milan Men’s Fashion Week. A total of 81 events are on the calendar, including fashion presentations and exhibitions. As was the […]
The world of high-end fashion is currently undergoing a period of reflection, but it’s not a waning desire for luxury that’s to blame — rather, it’s a growing intolerance towards prices perceived as increasingly unjustifiable. That’s the message from Brunello Cucinelli, who made it clear in an interview with La Repubblica: “Customers aren’t tired of...
Gianfranco Gianangeli for Balenciaga. Federico Arrigoni for Brioni. Silvia Onofri for Miu Miu. It’s the era of emerging CEOs, as fashion houses look for fresh ideas to tackle the current downturn in the luxury market. These are the potential future Beccaris and Bizzarris — ideally — who reach the role of Chief Executive Officer after...
There are signs of big news on the Mayhoola-Kering axis. In light of the growing debt of Artemis, the Pinault family’s holding company, Bernstein speculates that in order to take 100% of Valentino, Kering might offer shares in exchange. And not cash. Especially because, again according to Bernstein, Pinault could continue to sell assets to...
Attention to price, more value to product (and less to brand), pursuit of experience. There is room for growth in Asia for luxury brands, provided they find the winning formula to the challenges it poses. Across the region, sales are slowing as they wait for supply to reposition. Meanwhile, L Catterton believes in Japan, allocating...
Patrizio Bertelli pigliatutto. After buying Versace for 1.25 billion euros and taking over 10 percent of Rino Mastrotto Group (operations carried out by the Prada Group), Bertelli is the protagonist of another investment. The Arezzo entrepreneur, through Peschiera Immobiliare, bought the former Lebole area in Arezzo for an undisclosed amount identified as between 8 and...
A strategic partnership aimed at strengthening both sides: for Patrizio Bertelli’s group, a move to reinforce its production process; for the Trissino-based holding company (Vicenza), an opportunity to deepen its investments in the luxury sector. Prada Group is set to acquire a stake in Rino Mastrotto Group through a deal expected to close “between the […]
There is little room left for further price hikes in the luxury sector. That’s according to LVMH, despite the group stating it still intends to implement some. This view is echoed by Bernstein, which, after years of significant price adjustments (benefiting financial results but negatively impacting sales volumes), sees the upper limit of consumer tolerance...
Luxury has also downsized on the stock market, where sales’ trends and a gray future outlook are clouding stock prices. Two weeks ago LVMH dropped out of the top 5 Big Cap stocks in Paris. As of June 20, Kering will no longer be part of the Euro Stoxx 50 index. Patrizio Bertelli, meanwhile, dismissed […]
While Bain&Co worsened the estimates for the luxury industry’s 2025 (-2% / -5%), Bernstein turns to optimism and improved the forecasts: while it previously predicted a 2% decline in sales from 2024, it now expects the year to close even with the previous year’s results. Influencing the decision was the easing of tensions between the...
Luxury companies are on stand-by, as they look to 2026. They hope that, during that year, there will be a revival of the sector, which is currently grappling with a difficult environment and slowing markets (China, the US and Europe). That’s what emerged as analysts’ opinions regarding some of the brands’ moves. For Bain, the...
The future of luxury is more black than gray. In November 2024, Bain predicted luxury growth between zero and +4% for 2025. The entity has now drastically updated the forecast: this year, the luxury sector will experience a decline of between -2% and -5%. Bain pointed out that buyers are looking forward to new and...
Foot Locker has been sold, Twinset is on the market, and a consortium is bidding for Le Coq Sportif. The Prada and Versace deal, along with the unexpected sale of Skechers, appears to have sparked a wave of negotiations in the fashion world. This includes movements in both the sportswear segment and the Italian market....
Duties, products and supply chain: these are common issues being faced by two family businesses. Prada is afraid of uncertainty, for example, as Andrea Guerra, CEO of the group, pointed out during the second day of the Family Business Forum held in Arezzo on May 8 and 9. Diego Della Valle, chairman of Tod’s group,...
Now nearing the halfway mark of 2025, the fortunes of luxury brands are increasingly tied to how well they can solve the Chinese puzzle. With a few rare exceptions — Prada being the standout — sales in China are declining due to a combination of factors. And finding the right key to return to growth […]
Reshuffling at Kering. Brioni has appointed a new CEO, while Massimo Vian (formerly at Prada and now at Gucci) has been fined by Consob over a personal operation related to the purchase of shares in Cattolica Assicurazioni. Sources close to the executive have described him as “unconnected to the alleged events”. Brioni appoints a new […]
