It is a hypothesis that looks very much like a provocation. It is not ours to make, but we gladly pick it up and relaunch it, because it stimulates important considerations and, above all, because it comes from an authoritative source. In fact, very authoritative. It is Vanessa Friedman, one of the best-known international fashion […]
Will Kering‘s tumble pull luxury along or not? Because it is one thing talking about “slowing growth”, and quite another to record negative numbers. Insiders and analysts are trying to answer the question. The performance of the various brands depends on their exposure in China, where sales are cautious. And also, on the performance of...
L Catterton’s takeover bid on Tod’s is causing discussion. First of all, analysts and pundits are questioning whether the deal’s price (EUR 43) is the right one. At the same time, they speculate on the scenarios. On the one hand, should the takeover bid fail, they argue, the delisting of Tod’s is certain, and the...
Not discounts, but payment in instalments. This is the strategy of a certain luxury to broaden the customer base and meet aspirational consumers. The partnership between Scalapay and Camera Nazionale della Moda Italiana (National Chamber for Italian Fashion, ed.) should be seen in this light as well. A collaboration that aims to promote more conscious,...
Low volumes and higher prices. These are the two certain characteristics of the normalized luxury industry of 2024, which is the one experiencing single-digit growth after the post-pandemic boom. At least, that’s what the reports by BofA-Bank of America and Mediobanca state. This opinion is confirmed by other studies of the segment. The sample companies...
Increasing prices could cause a hard stop for the leather goods segment. The homes of wealthy consumers were filled with handbags in the past few years, but now that prices have skyrocketed, they may prefer to buy jewelry. Generally speaking, analysts believe luxury brands will perform better than others in the coming period, but they...
In a complex economic context for the luxury industry, not all companies are reacting the same way. The latest data published by the segment’s players show the general slowdown. Even when revenue grew, margins shrank. In any case, some did better while some struggled more than forecasted. 5 financial statements Richemont Sales during the 3rd...
The brands performing strongly will slow, but will continue to grow, while the ones looking to turn their luck around will be impacted by the period. That’s why Bank of America recommends a defensive position when it comes to the attractiveness of the luxury industry on a global scale. Demand, especially in the first half...
The New Year will bring new luxury price increases: yes or no? Insiders’ opinions are divided. There are those who predict a slowdown in the frequency of price increases, because many brands cannot go any higher. There are instead those who think that nothing will change, and that brands will continue to do so. Perhaps...
With Europe and the US slowing down, the Asian market is gaining importance. In particular, the growing presence of Chinese tourists and the weakness of the yen are fuelling luxury sales in Japan. Meanwhile, Hong Kong, after years of suffering and thanks also to Louis Vuitton’s show (and soon, Dior’s), is back in the spotlight....
“We are at the exact moment when the first phase of our history has ended and the second is beginning”. It could not, from a certain point of view, be otherwise, “since we are living through a historical period of change”. Luca Sburlati (left, in the photo), CEO of Gruppo Pattern, puts down on paper...
The prices’ dance isn’t over. Some do it by raising them at a constant rate, such as louis Vuitton and Chanel. Others do it less often, but obtain the same result, such as Hermès, which is said to once again increase them in a few days. And then, some just raise them fast and by...
The circumstance of Kering group’s flagship brand, still in the middle of the general (and style) handover between Alessandro Michele and Sabato De Sarno, is complex. And Gucci’s struggle can also be seen in the results of Best Global Brands 2023. That is, the latest edition of the ranking compiled by Interbrand of the one...
Burberry cannot afford to raise prices if it doesn’t raise the quality of its products. The British brand is elevating its positioning. It’s a forward step done with the arrival of creative director Daniel lee. Now the goal is to bring the average price of handbags to a similar level as those of competitors, and […]
“Hermès has a demand 4 to 5 times its offering”. It knows that some luxury analysts claim the French brand is the most resilient luxury company when it comes to crisis”. But it’s not just a matter of the availability of offers, as there are other factors. It’s not by chance that other luxury brands […]
Luxury needs to sell. It tries to keep away from discounts or promotions, but has identified a facilitating agent for purchases: payment in instalments. Ahead of China’s Singles Day on Saturday, 11 November, Gucci and Burberry are attracting Tmall shoppers with a 24-month interest-free instalment plan. This gives them access to priority search placements and...
Permeability of organizers. Black market for invites. Staff passes and closed lists not being so close. Have you ever wondered how PETA manages to get into fashion shows even if they are supposed to be closed-out events, on paper? Those not spending time in the fashion context, but sometime sees vegan militants on social media,...
Demonize leather, as done with fur. So as to marginalize it, have the public disliked it and therefore inconvenient for brands and designers. The political design of vegan associations such as PETA is clear: the incursions during the latest Coach and Hermès fashion shows mark the raising of the magnitude of the confrontation. Vogue Business […]
What will remain of this Paris Fashion Week? The international catwalk shows have come to an end: it’s time to make a selection of what are the next it-bags and footwear models we will wear next summer. But, before we get into the best of the catwalks, as a last ditch effort to Paris Fashion...
The merry-go-round of September fashion weeks is about to start again. It will be New York fashion shows (8-13) to inaugurate the tour de force in view of the Spring-Summer 2024 season. The Big Apple will host the fashion shows of over 71 brands. Highlights on the calendar include the return of Ralph Lauren and...
