Exclusivity is the secret behind Brunello Cucinelli’s growth. For the third time this year, the Umbria-based company has raised the forecasts for 2023. Now it expects the yearly growth to be +19% on 2022. “Exclusivity and rarity allow a company to last a century. A business needs courage to remain exclusive”, says the entrepreneur (photo […]
It is the USA that is holding Burberry back, but at the same time launching Brunello Cucinelli. Both, however, are making important progress in China (which, however, has a relative weight in the Italian brand). Cucinelli confirms that it is a brand on the upswing. Burberry recorded a good quarter, also thanks to leather goods....
The Daniel Lee effects awakens China. The ex-creative director of Bottega Veneta went on to guide Burberry’s style from September 2022 onward, and his impact has been clear even since. This is especially true in China, where the return of the brand’s classic motif has awoken “dormant” clients. The English brand has been in China...
Burberry and Gucci won their legal battles. While the letter “S” continues to generate controversy between Skechers and Steve Madden. The distinctive sign of a brand cannot be used in any product. Even those not sold by the luxury brand itself. That’s the decision of the court that sided with Gucci (for the green-red-green combination) and Burberry (for […]
Burberry thanks leather goods. During the fiscal year that ended on April 2023, comparable sales of leather goods (considering the same number of stores), grew 12%. During the 4th quarter, the increment was 15% thanks to the recovery of the Chinese market. To compare the result, coats’ sales, another strong category for the brand, grew […]
It’s sort of a multi-level news that comes from Turin and sees British brand Burberry and Italian Pattern involved. The former made the purchase, including employees and plant that already used to produce for it. Meanwhile, the latter is focusing on developing and consolidating its cluster thanks to the liquidity from the sale and keep […]
The bankruptcy of Silicon Valley Bank, the precipitous rescue of Credit Suisse. Finance is in turmoil and stock market players are looking for certainty. Citi Bank turns the spotlight on luxury, and suggests four sure-fire investments. These indications for once do not concern the usual high-end molochs (LVMH, Kering and similar), but smaller holding companies...
Crazy idea: Alessandro Michele at Moschino? After all, who else but Gucci’s former creative director could take Jeremy Scott’s place (left, in the Shutterstock photo)? On social media, fashion experts launch into bold hypotheses that, however, trace a different trajectory for Michele, naming Lanvin, Chanel and Givenchy. Returning to Moschino, the separation from Scott opens,...
A rethinking of the shoe is underway. Recent fashion weeks confirm it. Trainers have entered a tired phase. For men, brands are offering loafers and for women, boots and low heels. This does not mean that we are moving towards a fashion without trainers. But that, perhaps, the monopoly of sportswear is coming to an...
Louis Vuitton has chosen American musician Pharrell Williams to replace Virgil Abloh more than a year after his death. Williams, 49, a music producer and streetwear entrepreneur, is the new creative director of the brand’s menswear line. It is Pietro Beccari‘s first move as CEO of the 20 billion euros brand. The appointment takes effect […]
It’s an important endorsement the one by Adolfo Urso, minister of “Imprese and made in Italy”. Until this moment, legislation on banning the destruction of unsold products has moved slowly and with little coherence. Some countries have already applied laws on the matter, such as France with its “anti-gaspillage” legislation. Meanwhile, some brands such as Burberry, […]
At the end of the day, the brands that flaunted their bombastic farewells to exotic leathers helped those same exotic leathers to appear more precious and exclusive in the eyes of the public. Yes, because while the likes of Chanel, Burberry and Hugo Boss have stopped using crocodile, alligator or python, brands like Hermès, Louis...
China slows the quarterly results of Richemont and Burberry (even with the latter’s leather goods segment continuing on its positive trend). All the while, LVMH is getting closer to publishing its 4th quarter data and reaching new highs on the stock market. Financials disclosed by Richemont and Burberry have put in black and white the...
However it goes, it won’t be a success: 2023 will be a more difficult year compared to the two previous ones. Especially for European fashion brands, said Achim Berg, partner at McKinsey. “During the first 6-9 months of 2023 there will be no improvement of the current trend, but rather a worsening” of business for these...
After a year, Daniel Lee still hesitates about Bottega Veneta. The designer (pictured, archive) does not speak openly about his sudden divorce from the Kering-controlled brand. He claims, however, to have left an impression: “I think people will see how the team will continue to work together”. Even today, when he has now joined Burberry,...
Tom Ford selling his brand. Raf Simons closing his. Alessandro Michele (on the left, in the Shutterstock photo) parting ways with Gucci. Riccardo Tisci being on the market. Virgil Abloh‘s replacement at Louis Vuitton still not there. The rumour about Donatella Versace (on the right, in the Shutterstock photo) and the speculation about her future....
There are two reasons why Jonathan Akeroyd chose Daniel Lee to head Burberry‘s style direction. The first is chauvinistic, so to speak: to bring back, after Riccardo Tisci, an Englishman to head the British brand. The second is curriculum-related: because Lee is a former Bottega Veneta. And for Burberry, which wants to double its share...
Burberry aims to reach a revenue of 5 billion UK pounds in the long-term. It means (almost) doubling the 2.83 billion with which it closed its last fiscal year in March 2022. How? By doubling sales of leather goods, shoes and prêt-à-porter for women. This also means growing accessories’ sales to account for over 50% […]
The president and CEO Michael Burke stated it clearly: the nomination of Abloh’s successor for the Men collections of LV isn’t imminent. On the contrary, “We need somebody different from Virgil at the time of his passing – says the manager to WWD, as he presented the Edward Nardoza CEO Creative Leadership Honor award –, and that...
There is little doubt about the fact that luxury performance will remain at a high level. LVMH‘s quarterly report, the first in the periodic round of financial announcements, has already provided a foretaste. An analysis of the stock market performance, in a September-October that turned stormy between war and inflation, confirms investors’ confidence. But against...
