Chanel has appointed a new creative lead for handbags, small leather goods, accessories, and eyewear — an important addition to the team supporting Matthieu Blazy, who has been at the creative helm of the French fashion house for nearly six months. The new designer Blazy has chosen to join him is, like himself, a former […]
Is Sergio Rossi up for sale? Four years ago, the San Mauro Pascoli (Forlì-Cesena) shoe factory came under the control of the Chinese of Fosun Fashion Group, enriching the brand portfolio of the fashion division that Fosun later renamed Lanvin Group. Business, however, is not great. Neither for Sergio Rossi nor for Lanvin Group. And […]
LVMH is implementing lay-offs. VF Corp is doing the same. Lanvin Group increasing losses. Luxury stocks are being downgraded by analysts, as in the case of Moncler. After Gucci-Kering, LVMH is also facing headwinds that are limiting its growth. The present time of luxury is (very) turbulent. Moncler downgraded HSBC downgraded Moncler from “buy” to...
Brazilian private equity firm 3G Capital, which also owns Burger King, is buying Skechers for $9.4 billion: it’s the largest acquisition in history for a footwear brand and the second largest ever in fashion after Tiffany’s one to LVMH (2020). But it’s also one of the most unlikely, because it’s the debut of 3G Capital […]
Lanvin was, and remains in the red. The brand’s accounts emerged in court during a lawsuit between the same label, now the head of China’s Lanvin Group (formerly Fosun), and its former showroom manager Taora. The financial situation shows the annual losses that have accumulated, along with the adverse court decision. Lanvin was, and remains...
It’s time for new creative directors. After Tom Ford which chose Haider Ackermann, and Uniqlo which hired Clare Waight Keller, Givenchy has chosen Sarah Burton (pictured) as its new creative director. Among other things, confirming rumours that had been circulating for some time. Among many new arrivals there is also a farewell. It is that...
LVMH and Richemont are still the focus of investors’ attention. A few days ago, LVMH boss Bernard Arnault bought shares in the Swiss conglomerate. An act that has, inevitably, triggered speculation about a possible deal between the two luxury superpowers. Which – and herein lies the renewed interest in them – are now announcing changes...
The market slows Mulberry and Sergio Rossi, which each leasing 4% in annual revenues. Hugo Boss does better, as it saw revenue grow 5% in the first quarter of 2024. Steve Madden, meanwhile, experienced a booming performance: up 19%. Market puts the brakes on Sergio Rossi In 2023, Sergio Rossi’s revenues fell 4% to 60...
The 2023 revenue of 9 brands and groups shows that last year, also due to inflation (which raised prices), the real challenge wasn’t revenue but marginality. From Lanvin to Borbonese, we report on them one by one. The challenge of maintaining margins Lanvin Group 2023 was a “transition year”, says the group: preliminary revenue shows...
A crackling end of 2023 for fashion seats. The rumours were ignited by Simon Porte Jacquemus (photo left, from Instagram) who posted a photo of Hubert de Givenchy‘s office on his personal Instagram profile. Inevitably, speculation started: will he be the brand’s new creative director? While people are struggling with doubt, it is Bulgari that...
While the world (fashion and otherwise) calls for caution, there are still those who dare to dare. The fashion world proposes everyday looks of unexaggerated elegance, the so-called “quiet luxury”. Well, Rick Owens swept the mood with intense and energetic colours, together with the brand’s typical total black, and almost entirely leather constructions. The sculptural...
New rumor surrounding Alessandro Michele. It seems LVMH is thinking of hiring Gucci’s ex-creative director Alessandro Michele. It’s not yet known in what capacity, but Bernard Arnault doesn’t want to miss out on the chance to engage the creative talent behind Gucci’s rebirth. The hypothesis of Michele going to LVMH is just the latest rumor...
Lanvin’s first semester showed some positive signs and some difficulties. Sergio Rossi performed well, but the leading brand is being impacted by the creative director vacancy (which management hopes to fill as soon as possible). PVH showed promise in its performances during the last quarter, and is handling the market better than its competitors, when...
Fashion and luxury will be under review in September, which will be a month of changes, goodbyes and rookies launching their career. The first collection by Gucci’s stylist Sabato De Sarno (in photo) will be presented. But also those by Peter Do at Helmut Lang and of Peter Hawkings for Tom Ford. The US brand...
Nothing to worry about: Italy and France will dominate the luxury segment for centuries. It’s a question of DNA, history, culture. “Luxury can’t be invented”, says Pietro Beccari (in photo from Imagoeconomica), the Italian manager given the helm of Louis Vuitton by LVMH’s boss Bernard Arnault. The most powerful luxury brand with a revenue of over...
Not at Louis Vuitton, but at Clarks. Before the appointment of Pharell Williams, rumours had Martine Rose among the most likely candidates to fill the position left vacant by Virgil Abloh. Instead, the British-Jamaican designer has landed at Clarks, as the brand’s first guest designer. The collaboration will be for a limited time. But it...
Riccardo Sciutto is no longer the CEO of Sergio Rossi. In his place, parent company Lanvin Group has appointed Paul Kotrba (right, in the photo) as interim president, effective 17 April 2023. Last April, Sciutto had ended his term as president of CERCAL. Gianfranco Gianangeli (left, in the photo), meanwhile, stepped down as CEO of...
Financial results coming out one after the other. Piquadro and Zegna recorded solid performances during the 1st quarter of 2023. A result that Ferragamo doesn’t achieve, while Sergio Rossi shows slightly higher revenue in 2022, and its owner (Lanvin Group) increased revenue and augmented losses. Lastly, Mulberry announced to have closed the year positively, but didn’t supply numbers....
The paths of Gucci and Alessandro Michele parted at the end of November. The designer has been single for just under five months, which has been enough for his name to be linked to six brands already. Not bad. Perhaps it is that Michele, the architect of the Florentine maison’s exploits between 2015 and 2019,...
Crazy idea: Alessandro Michele at Moschino? After all, who else but Gucci’s former creative director could take Jeremy Scott’s place (left, in the Shutterstock photo)? On social media, fashion experts launch into bold hypotheses that, however, trace a different trajectory for Michele, naming Lanvin, Chanel and Givenchy. Returning to Moschino, the separation from Scott opens,...
