D&G alone and optimistic. Alfonso Dolce, CEO of the brand, sees a positive path ahead of him. “I confirm that Dolce & Gabbana wants to work under a single brand, without aggregating or joining others as a group”, explains the manager, who defines the supply chain as the “beating heart of the entire fashion sector”. […]
LVMH invests over 74 million euro to triple its participation inside Tod’s Group and reach 10% of the total. “Through this operation, we strengthen the 20-year-long friendship between the Arnault and Della Valle families”, reads the note. The operation, which closed on Wednesday April 28th, lit a new fire under the rumors of a potential […]
Gucci flies again. In the first quarter of 2021, the brand’s revenues, which generates 60% of Kering‘s turnover and 80% of its profits, grew by 24.6% at constant exchange rates. An increase higher than that expected by analysts: +19%. Overall, the French group’s sales rose 25.8% on a comparable basis for the same period. This […]
L Catterton has the exclusive for Etro. According to an indiscretion collected by Affari & Finanza, the fund (headed by LVMH) would have signed an agreement with the founding family for the acquisition of 60% of the brand. Etro, in its second generation, would keep the brand’s real estate assets in addition to the 40%...
Armani, Prada, Exor. But also OTB, Moncler and Dolce & Gabbana. Rumours about Italian mergers are advancing. The fil rouge is one: the Bel Paese’s luxury does not seem willing to lose further pieces favouring the French. The debate was ignited by Giorgio Armani, who would renounce independence only with an Italian partner. Bookmakers have […]
According to analysts, there is a lot of money ready to be invested even with Covid-19 still raging. And that’s why there will be many acquisitions. According to EY, PE funds have a total 865 billion USD to spend. A difficult year for the world is turning to be a good one for investing. Alike...
Kering may have made advances to Richemont. And the Swiss group would have returned the interest to the sender. It is a rumour bounced off the web, not confirmed to Reuters by those directly involved, but sufficient to have real consequences. Because, in the meantime, Richemont stock is up on the stock market. We return, […]
Leather in the spotlight of financial funds in the US as well. Blue Point Capital Partners, an investment firm, has announced the acquisition of Weaver Leather. The company has not disclosed the economic details of the operation, but has announced a growth plan for the company. Blue Point acquires Waever Leather “Weaver’s main brands and […]
Sneaker fever. Maison Margiela and Reebok renew their collaboration, while the auction at Sotheby’s has started, ending on March 4, to win a unique pair of sneakers. Which one? The prototype of the LV I (RED) model, designed (and signed) by Virgil Abloh. The luxury re-edition In 1983, Reebok launched the Classic Leather running on […]
2021 started with indiscretions and rumors that make one thing very clear. The year will be, just as 2020 and 2019 were, a year full of mergers and acquisitions. Private equity funds and big players of the fashion industry will shop for smaller businesses struggling due to the pandemic. The leading roles, as far as...
The (absolute need) is to be found ready for when the market will recover and be unblocked. The important thing is to believe in oneself and in what makes Italy’s tanning segment what it is. Not just quality and fashion content, bust 360-degrees’ sustainability, circularity, research and innovation. Michele Matteoli, owner of Cuoificio Otello, president […]
Leather goods perform well. Specifically, Hermès, Dior, Louis Vuitton and Prada all do well. Less, but still positive for Gucci. That’s what the sales estimates prepared by analysist for the last quarter of 2020, following the Christmas season, is showing. The Christmas take-off though isn’t the same thing as an immediate recovery for the luxury […]
An evolved vision for tanneries, with regards to production, management and sustainability, 360-degrees. These are the summarized directives along which Italy’s leather industry should travel, according to Fabrizio Masoni, founder and owner of Masoni Industria Conciaria (Santa Croce Sull’Arno). Mr. Masoni became general director of UNIC – Italian Tanneries (association that is part of Confindustria […]
BRF prepares a new maxi investment. The Brazilian player in the meat supply chain announced a ten-year development program on December 8th, 2020. Strategy, according to plan, will allow a rapid increase in turnover, net revenues and operations. The target between now and 2030 is 100 billion real in sales. In other words, nearly […]
Exor together with Hermès: quite an unexpected partnership. The Agnelli family’s holding company has invested 80 million euros to take over the majority shareholding of Shang Xia, which was co-established right by the French business partner. Exor makes therefore its debut in the fashion industry by carrying out an investment in Chinese luxury. Hermès will […]
Focusing one’s effort on what is, today, strictly necessary for the sector. The input from which the presidency of Fabrizio Nuti of UNIC – Italian Tanners starts, is fairly direct: identifying the priorities of the Italian leather segment and consequently act to satisfying them, as he, also owner of Nuti Ivo (Nuti Ivo, Lloyd, Everest, Papete, […]
First of all, there a few questions that Ferragamo needs to answer in relation to the markets, as they seemed to be recovering but have, once again (at least in Europe), come to another stop. Meanwhile, the brand has to implement product strategies that have to inevitably be adapted to the conditions imposed by the...
Reuters insisting on rumours, get the first scoop. Reportedly, in the last few months Ferruccio Ferragamo has been considering the option to sell off 20% of the fashion brand’s shares. Apparently, then, he has been planning to welcome in the company a wealthy minority business partner, possibly a private equity fund or a sovereign fund, […]
Ferragamo matches tradition and innovation. The former inspires the works created by Paul Andrew, art director of the brand. The latter, instead, is the key to a successful partnership with Microsoft to launch a tailored service. In so doing, Ferragamo matches tradition with innovation. Thanks to such service, customers will be given the opportunity to […]
When talking about Salvatore Ferragamo there is always somebody that mentions the merger. The latest ones were from Citigroup, according to which the luxury brand is perfect for a large acquisition by one of the largest conglomerates. But some don’t agree. First one disagreeing is Micaela Le Divelec, CEO of Ferragamo: “We have all the […]
