It is the best format possible today, no escaping. But it is not enough to replace fashion shows: the NYT misses real fashion weeks. “I never thought of writing these words – recognises Vanessa Friedman, fashion director of the New York Times -. I am among those who have complained a lot about the waste...
Burberry left about half of its revenue behind during the first fiscal quarter (which closed on June 27th, 2020). The brand expects to lose between 15% and 20% during the 2nd quarter, compared to 2019, which further confirms the savings’ strategy being implemented by the brand and that includes layoffs. The one positive note arrives […]
Burberry is reorganizing its structure and creating 3 distinct business units: Ready to Wear, Footwear and Accessories. The brand is also calling Adrian Ward-Rees, an old acquaintance of the brand, to head the first BU. The Footwear BU will be assigned to someone already in the brand’s organizational charts, while the head of Accessories is still to be […]
Paris Fashion Week, on the agenda in September, will take place as per schedule. The French capital city is gearing up to host traditional fashion shows and, at the same time, digital oriented events. Fashion week will begin in Paris, the Ville Lumière, on September 28th and will end on October 6th. The French Fashion […]
There are those that have increased them, such as Chanel, Dior and Louis Vuitton. And there are those that lowered them, such as Mulberry and Burberry). Each brands has its reasons, but all have done so according to their commercial strategy for Asia and, specifically China, where they plan to focus their efforts. This trend […]
“Set outdoors in the UK, the Spring/Summer 2021 collection will come to life on September 17th with a live physical presentation that will be open to everyone digitally”. Burberry returns to the catwalk: the British brand announces its date for September Fashion Week. According to creative director Riccardo Tisci “fashion weeks should not be eliminated. […]
Covid-19 outbreak has been deeply hitting luxury, in terms of economic effects, as much as all the other industries. Looking at several forecast about economic repercussions, throughout 2020, a report carried out by Bank of America stands out now. They drafted it after analysing global demand in April and May. US financial analysts estimate, for […]
Everything was very nice and, at the same time, very functional: yet, unfortunately, collections were not on the stage. “It wasn’t about the clothes”, pointed out the New York Times while commenting the latest London fashion week, which took place in a virtual setting. The British experience has evidenced that digital fashion week has a […]
On the one hand, 2019 revenues coming from shoes and bags enjoyed a boost; on the other hand, Burberry is going to focus its prospective development on Italian leather. In fact, the British brand will successfully carry out its leather certification plans as long as they can rely on collaboration with Italian tanneries. The aim […]
Resumption of consumption in progress. And budget holes less deep than initially feared. So say Capri Holdings and Wolverine: CRV does less damage than expected. In fact, right after the reopening of stores, sales are gradually getting back to last year standards, considerably driven by online sales, whose support is undoubtedly more and more relevant. […]
It is a good thing that designers and professionals discuss the physiognomy that fashion intends to assume in the Coronavirus era. “I believe in freedom – comments Carlo Capasa, president of Camera Nazionale della Moda Italiana (the National Chamber of Italian Fashion) -: this is why we should expect the world to be fluid, and […]
Covid turned Burberry’s year upside down. During the brand’s last fiscal quarter (January-March 2020) the British brand’s sales decreased by 27%, effectively cancelling out the +4% performance it had had during the previous 9 months (April – December 2019). Overall, preliminary results show that the brand’s sales performance dropped 4% for the year (at constant […]
The first one wants to record the shape of the Saddle Bag, while the second one wants to close the Lego bag. Dior and CHANEL are both committed to protect their iconic bags through two applications filed recently with the United States Patent and Trademark Office (USPTO). Dior and CHANEL Almost 20 years after its […]
If a company wants to stay alive during the pandemic it must sell in China. Europe is, right now, the threat. It is a fact that, many stores around the world will no longer be profitable due to the lack of Asian tourists. Chinese consumers, not being able to travel, will focus their spending power […]
Neiman Marcus’ list of creditors is a parterre de roi of fashion brands. The luxury retailer headquartered in Dalla asked, last week, for Chapter 11. Since the middle of March, the Covid-19 pandemic has forced the entity to close down all stores branded Neiman Marcus, Last Call and Bergdorf Goodman. A “large portion” of employees was either fired or their […]
In such new scenario, which is bound to turn real starting from 2022, analysts make theoretical predictions. According to one of their “what if” assumptions, they figure that Kering could possibly buy out Burberry. Some luxury brands might not be able to recover from the crisis caused by the pandemic. The ones who fail, or […]
We know, by writing about them we play their game. We should respond with silence. But you need to know your opponent to be able to beat him, says the adage. So it is good to focus on PETA‘s opportunism. The vegan-chic association dot not tolerates that the Coronavirus epidemic overshadows its battles. Instead, it […]
How much will the Coronavirus impact luxury companies? Kering’s revenue in the first quarter lost between 13% and 14%, equal to -15% in comparison to the first quarter of 2019. The group sees a light (only) in China, where there are “encouraging signs”. Kering’s revenue in the first quarter After Burberry, French groups are also […]
In China, things are gradually going back to normal. Yet, in the meantime, Covid-19 outbreak starts spreading across the United States: therefore, one of the most important fashion markets is about to brace itself for a work closure period alongside a downturn in sales. Stock Exchanges and financial markets wonder about consequences: for sure, they […]
Lights and shadows on Burberry’s quarter. The lights concern the fact that the British brand closes a positive third quarter. And above all, it improves the prospects for the entire fiscal year. Shadows, however, emerge from the judgments of financial analysts. According to them, the global market is currently under stress, which cannot avoid influencing […]
