After a long season of contraction in the expenditure in the final quarter of 2016 and forecasts of continuity for the first 6-9 months of 2017, the Chinese luxury market will grow. Exane BNP Paribas supports this prediction, saying the change in direction will be directed by young Chinese customers who have developed their own […]
Tough times for luxury brands, outdone by fast fashion and mass market brands. According to the latest Brand Finance “Global 500”, which pinpoints the most prestigious companies in the world ,fashion exclusive brands are being outdone by mass-market competitors. Nike have been performing best, as they place 28th in the world ranking (+13%). Looking at […]
January, 27 will be the first day at Burberry for former Celine CEO, Marco Gobbetti (here pictured), in his new role at the helm of the British luxury company. He will gradually take office as CEO, and working full time in this capacity from July, 5. In July 2016, Burberry recruited Gobbetti with a mandate […]
That’s what happens when the shareholder attacks the management publicly. The US fund of investment, Caerus Investors, has sent a letter to the board of Kate Spade to invite the brand leaders to start looking for a buyer. The fund (which holds 0.03% stakes of the brand) blamed the current management’s inability to produce margins: […]
For the high-end English brand a first half of the year to forget as the main financial result is negative. Revenues amounted to 1.159 billion pounds (down by 4% on an annual basis), while net earnings (146 million pounds) bounced back by 24% and gross profits (102 million) by 34%. Currency fluctuations have been among […]
Up by +1% at current exchange rates, loss by 1% at constant exchange rates, Wall Street’s forecasts on Coach were missed by an inch. Coach’s first quarter of the new fiscal year is good, but below expectations. At October the 1st, the US brand had sales of $ 1.04 billion (Big Apple’s analysts were expecting […]
In 2015, EU customs intercepted 41 million fake products, up 15% on the previous year. The economic activities most damaged by the assault of counterfeit products are, together with those for body care and eyewear, those in the fashion industry. Counterfeit footwear worth €58 million, clothing products worth €48 million, bags worth €57 million and […]
They call it “mannish” (although “less feminine” is perhaps apt too), – the term most used to describe London Fashion Week Spring/Summer 2017’s main trend – reflecting how the unification of the men’s and women’s catwalks, introduced by Burberry (and others too), has already made its mark on the style profile. Versus Versace is offering […]
Becoming champions of sustainability when the markets see your stocks take a nosedive. That’s what happened to the British brand Burberry, which chalked up two records in the space of a few hours. First, in a horrible week in which the FTSE 100 (the index of the most capitalised companies listed in London) retrogressed en […]
Burberry has a new CEO: Marco Gobbetti, the president and managing Director of Cèline since 2008, will take over the reins at the British company in 2017. He is the son of the owner of Brusarosco (now a division of the Rino Mastrotto Group), Sirio Gobbetti; Brusarosco is the oldest tanning company in Italy still […]
Google, which bypasses Apple in command, and Microsoft are the top three brands in the general classification drawn up every year by Brandz on the value of trademarks and published by WPP and Millward Brown. Nike, with $ 37 billion, comes before Zara and H & M in the Apparel category. In the luxury sector […]
