Presenting the best accessories, designed with Valentino and Salvatore Ferragamo in a few training projects. Outlining a photograph tale of the exhibition three-day-event. Furthermore, developing a capsule collection composed of seven merchandising products. On October 2-4, Polimoda students will not be just guests, as they will be playing a leading role at Lineapelle97, the fashion […]
End of August, 2019: in Biarritz, luxury sits at G7 table. François-Henri Pinault (patron of Kering), presents the fashion pact, the coalition of sustainable luxury, as per invitation by Macron. But “someone” is missing
Ferragamo runs towards its future. It goes straight to a new generation of consumers (who are not Millennials, but their “cousins”, those of Generation Z). It re-reads its stylistic offer. It aims firmly at “new certifications”, related (in particular) to the concept of “social responsibility”. Many news and a work in progress that Micaela le […]
“Culture does not feed”, as the saying goes. Quite cynical indeed, not that close to reality though. In fact, nobody can overlook culture, let alone business players, despite their being far away, in most people’s opinion, from abstract books and museums. The same holds for the fashion industry, which is not just an art expression...
Climate, biodiversity, oceans. These are the three objectives chosen by the 32 signees of the Fashion Pact, the joint agreement and action plan that will lead fashion towards sustainability (the official full document can be downloaded here). The document, presented during the Biarritz’s G7 meeting (August 24th-26th), was crafted mainly by François-Henry Pinault, Kering’s CEO, […]
First things first, a warning, because this is a pretty long piece. So, make yourself comfortable before starting to read it. Second, the reason why this text is so articulate, is that between the end of July and the first half of August, while we were closed, many brands published their semester’s financial results. In...
“Men’s shoes have become, for us, the fastest growing business (over +50% in the last three years, ed), fuelled by the growing demand for sneakers. Fashion is incredibly important to men and footwear is their gateway”. This were the words of Marc Metrick, president of Saks Fifth Avenue, which has expanded space and offer of […]
Well, if the United States and China challenge each other in a Commercial War that holds the world economy hostage, a luxury brand, even if not directly interested, cannot even feel sheltered from the rain. “It is an element of concern regardless of the brand’s position. As Ferragamo, we are lucky not to be involved […]
Menswear season is at our doors. The month of June will give the change to understand the state of men’s fashion and, more so, of the fashion system of the large international capitals. For now, let’s take our calendars out, the Anglo-Saxon environment doesn’t seem to be in excellent shape, as it is still searching […]
Ferragamo turns the ship around. After sales decreased for 10 consecutive trimesters, the Tuscan brand beats (by a little) the forecasts thanks to China and archives a positive quarter. During the period that closed on March 31st, sales of Salvatore Ferragamo group grew by 4.3%, equal to 317 million euro (analysts were expecting 315 million […]
Despite a disappointing performance in 2018, luxury might reorganize and revamp its business in 2019. Business of Fashion carried out an analysis over the economic and financial trend of several fashion brands: on the one hand, they highlighted the bad performance, throughout 2018, of some important brands, such as Tiffany, Ferragamo, Tod’s and Prada; on […]
The slowdown in Chinese consumptions is breaking down Prada shares in Hong Kong, while Ferragamo‘s listing is supported by the good prospects for 2019 expressed by its president. Let’s start with the story of the brand managed by Miuccia Prada and Patrizio Bertelli. Yesterday Prada shares fell by 11%, closing at the lowest level since […]
“Leather has turned from a comfortable pillar for ultra-luxury winter collections into a very light fabric for spring-summer ones”. The Financial Times cannot understand the quantity of leather found in the 2019 spring-summer catalogs: “And not only those of brands that boast a leather heritage, such as Tod’s, Gucci, Ferragamo and Loewe – the article […]
Tuesday, February 5, starts the Chinese New Year starts and the Year of the Pig begins. The fashion industry, as it is now a tradition, does not miss this opportunity to “court” Chinese consumers by proposing ad hoc capsule collections. Gucci (on the left, bottom) does not miss a shot and decorates a collection of […]
Leather goods are the engine that allows LVMH to hit a record. The French luxury conglomerate closed 2018 with 46.8 billion euro in revenue, which meant a 10% increaseon 2017’s numbers, while net revenue was up 21%, to a staggering 10 billion euro. Additionally, the group’s margins increased by 1.9%, bringing them to 21.4%. Net incomeincreased by 18%, equal to 6.3 […]
Great prospects for Armani, while Salvatore Ferragamo’s situation is complex, but chatter regarding a potential sale are shut down. The luxury market is living a very polarized season, where brands that grow stand on the opposite side of those in distress trying to get back on top, and, the last news on two Italian luxury...
In 2019 luxury is bound to expand, though its growing trend will be lower compared to 2018: in fact, following a 9% increase, achieved last year, the business turnover is expected to grow by 6% this year. Such is the forecast issued by HSBC international bank in their “Expecting the Unexpected” report. According to the […]
According to Goldman Sachs, in 2019-2020 two-year-period the luxury companies’ profits will increase: this is the good news. Conversely, the bad news, which strongly affected Milan Stock Exchange, is that financial analysts, working at the US bank, report that increase in profits, achieved by luxury fashion brands, will be lower than previously expected. Looking at […]
Someone is planning to buy. Someone else does not want to be bought out though. After the acquisition of Versace, carried out by Michael Kors, the fashion system, especially in Italy, is being affected by several rumours about prospective and possible first-level Merger & Acquisition deals. The WWD.com portal has recently launched the “Valentino speculation”. […]
What luxury stocks are to be bought? Which ones are to be sold? Detailed instructions are provided by UBS and their financial analysts, who carried out a specific report over the subject. The news has been reported by Milano Finanza. Here is a list of stocks to be bought, as they may well guarantee sound […]
