There is a sacred alliance between a market segment, a product segment and a material. Because when one says luxury, one thinks of handbags. And when one thinks of a handbag, what comes to mind is a product made with leather. The impact on business is immediate: wealthy people, we know, spend little time between...
As of Monday, October 3, the creative director of Burberry will no longer be Riccardo Tisci, but Daniel Lee. The news was in the air, and was made official on Wednesday morning, September 28, with two separate press releases from the British maison. Lee, for three years, led (overturning) the style of Bottega Veneta. Then, […]
While waiting for decisions on the creative directions of Louis Vuitton and Burberry, the merry-go-round of stylists and designers remains in motion. The latest appointments concern the designers of Giuseppe Zanotti and Shang Xia. Nicolò Beretta will join the Italian brand to develop a new line of shoes. The Chinese brand controlled by Exor, on...
Luxury brands are trusting in men’s accessories. Shoes and, even more, leather goods. The latter, for example, is worth 30% of the overall offering of Saint Laurent and 28% of that of Louis Vuitton. For Gucci, which has 37% of its total offering be accessories, “only” 19% is men’s. For footwear the percentage is of...
Former Bottega Veneta Daniel Lee towards Burberry to replace Tisci. And one between Martine Rose, Grace Wales Bonner and Telfar Clemens to Louis Vuitton to fill the role left vacant by Virgil Abloh. These are the rumours according to which the British brand is considering a change in its creative director, and now has to...
It is a scorching summer for luxury. There is the boom in the US, of course. But also, the slowdown in China, the risk of the cryptocurrency crisis ruining the financial condition of many. Not to mention war and rising inflation. If wealthy customers care little about petrol prices, everyone else could keep their wallets...
Leather goods and footwear are the boosters behind the recovery of the fashion and luxury segments. That’s the opinion of Claudia D’Arpizio, senior partner at Bain & Company, which during the opening ceremony of the 35th edition of Milano Unica, presented an analysis of the industry. The sale of handbags, leather goods and shoes, allowed the...
Speculation continues as to who will be Louis Vuitton‘s next menswear creative director. The shortlist of favourites, meanwhile, is shrinking. Many publications express their predictions on the basis of evaluations, rumours and news (more or less verified). Or on the interpretation of facts. Like when Louis Vuitton CEO Michael Burke attended Martine Rose‘s fashion show...
Fueled by price tags’ increments, the results of luxury brands during the 2nd quarter will surprise investors. That’s the summary of HSBC, which sees Europe, Japan and South Korea growing, while the USA will confirm the positive trend and China carries concerns over the (inevitable) impacts of its zero-Covid policy. HSBC believes the luxury industry […]
A rhetorical (and very questionable) question. “Is This the Beginning of the End for Leather?”. Many other questions though, aren’t asked. Business of Fashion published an in-depth article on Bolt Threads, MyloWorks and other startups that study vegan textiles obtained from mycelium, the fiber of fungal origin. There is one detail about the article we...
The photo is already, in its own way, part of the news. Because scrolling through Burberry‘s catalogue, looking for accessories in exotic leathers, it’s not as if much stuff comes up. On the contrary, the very pocket handbag we have elected as our image is not even made of python, but of python-printed calfskin. And...
Mergers and acquisitions in the luxury market: who’s buying who? Or rather, who is Kering buying in response to LVMH’s purchase of Tiffany. Analysts indicated Burberry of a jewelry brand as the perfect target for Kering’s portfolio. Bernard Arnault, owner of LVMH, is ready to take on the next opportunity also via the “tool” L...
Burberry, as pointed out by Business of Fashion, could (and most importantly would like to) become the British Gucci. To do so, will the new CEO Jonathan Akeroyd follow the plan set by his predecessor (Marco Gobbetti) or change path? The choice today isn’t simple, given the complications caused by the following two factors: one, the […]
India’s marketplace is under the magnifying glass of luxury groups. Reliance Brands Limited, the main luxury player in India, announced the signing of a long-term franchise deal with Tod’s. Such deal means that the group will become the official retailer of the brand led by Diego Della Valle. It’s the last step of the exploratory...
Barclays warns: the pandemic’s trend in China doesn’t promise anything good. That’s thy the former advises luxury players to invest in the United States. Because after the lockdown in Shanghai, Beijing too risks of ending up the same way, even if positive cases decrease. The capital’s restrictions will allegedly have an additional negative impact on...
British luxury brand Smythson gets more and more Italian. This past March, Stefano Giacomelli, CEO of Tivoli, moved from the VP role to president. Moreover, in Calenzano (Florence) where Tivoli’s HQ is located, a 2nd Smythson hub is being developed after the London one. Tivoli group is controlled by Greenwill, holding of the Bahbout family. Smythson’s...
Emmanuel Gintzburger is Versace’s new CEO. He arrives from Alexander McQueen, where he will be substituted by Gianfilippo Testa, ex-Gucci. Gintzburger will be replacing Jonathan Akeroyd, who moved to Burberry to substitute Marco Gobbetti, now in Ferragamo. Gintzburger is Versace’s new CEO The first day for Emmanuel Gintzburger (top-left) in its new role as CEO of […]
About 1.5 billion euro: that’s how much the exports of Italy’s fashion system to Russia are. A small portion of the total 83 billion euro of foreign revenue made by Italy in 2021 (data not final). In the first 11 months of the year though, exports towards Russia had increased by 24%, which raised expectations...
Kering’s future in 6 moves. While the French luxury giant looks for “preys” (Burberry?) to close an important acquisition, the group’s leader, François-Henri Pinault, is setting the path forward. Summary: extreme reduction of wholesale online sales, expansion in the USA and less trendy but more iconic products. And more: development of men’s apparel and price...
Tod’s is back on its way. After 5 Years of continuously declining revenue, 2021 closed with a larger increment (+40%) than what expected by analysts. While Tod’s leather goods segment is back to pre-Covid levels, the group was very close to the results of 2019, with sales only 2.6% (at constant rates) lower than 2019....
