The fight remains uphill for Gucci. After losing 21% of revenue in the first quarter, the brand’s sales fell 20% in the April-June period. The half-year balance: –20%. Analysts expected better. Parent company Kering is following the same path, which was further confirmed in the second quarter (and 6 months), after the -11% of Q1. […]
While many slow down, Hermès accelerates and shows off its solidity, as the brand grew at a double-digit rate during the April-June period and closed the first half of the year with 7.5 billion euro in sales (+15% at constant exchange rates and +12% at current exchange rates). Margins proved in line with those of […]
The revenge of “little guys.” Giants like LVMH and Kering seem to be suffering more from the luxury slowdown than some smaller (let it be said…) and independent brands like Hermès, Moncler, Zegna and Cucinelli. The bias does not seem to be rewarding the conglomerates, which analysts and insiders have always described as more resilient....
Loewe surpasses Miu Miu and Prada and becomes the hottest brand of the moment. This is confirmed by the Lyst Index ranking for the second quarter: the brand that LVMH has entrusted to the care of J. W. Anderson has experienced a surge in popularity. Its garments have seen a 29% increase in searches over...
Independent, original and unusual. This is how CEO Jean Cassegrain sees “his” Longchamp, the French leather goods maison founded in 1848. Although not releasing financial figures, the company said its revenues grew by 44% in 2023. Cassegrain also attributes this growth to its pricing policy and, in the meantime, reiterates that there is no chance...
There was a leatherworker in New York. He was at the Metropolitan Pavilion to exhibit at Lineapelle New York on July 17 and 18. The presence in the Big Apple of Stefano Giacomelli, CEO of Tivoli Group, can be told in different ways. They are all interconnected – as we shall see – to a...
Pattern Group announced an investment of 12 million euro to build its new headquarters in Turin. The move to the new site (Collegno location) is scheduled for 2025. Pattern group is present in 7 Italian regions with 13 plants, and the entity ended 2023 with a revenue of 145.6 million euro and operating profit of […]
LVMH also suffers, and slowing down conspicuously. In the second quarter 2024, organically, revenue grew 1% (+3% in the first quarter). Overall, revenue for the first half of the year amounted to 41.7 billion euro compared to 42.2 billion of the same period of 2023. That means a decline of 1%, but a 2% organic […]
Despite the crisis, luxury still grows on the stock market, where it performs better than companies in other commodity sectors, at least for now. Thanks to Hermès, its leather handbags and its prices. In 2024, luxury stock prices rose 8% year-on-year. The most interesting ones? Hermès (precisely), LVMH, Brunello Cucinelli, Ermenegildo Zegna, Moncler, Prada, Richemont,...
“The situation has worsened”, says Paolo Villa, CEO of Villa Group, in reference to footwear imports from Asia. The Far East to Italy trade route remains an open problem for companies, with a crisis that does not seem likely to be resolved anytime soon and, according to industry insiders, could last until 2025. Houthi attacks...
A new factory, a new brand and an ambitious project. Antica Cuoieria GRG, a historic company based in Porto Sant’Elpidio (Fermo) has more than tripled its turnover in the last three years. Specialising in the design and production of leather soles, it earned around EUR 13 million in 2023 (+35% on 2022) and wants to...
From ‘fight fight fight’ to ‘tariffs tariffs tariffs’. One way or another with Donald Trump it’s all about shoes. The shoes he launched in memory of the attack he suffered in Pennsylvania are a commercial success: the white version of the trainers is sold out. But on the other hand, now that his candidacy for...
It may be a move to speculate on the European anti-deforestation regulation. Maybe yes, maybe no. The fact is that India’s Finance Minister, Nirmala Sitharaman, has announced a major foreign trade liberalisation plan for Finance Bill 2024-25. A plan that considers, in a basket of goods ranging from precious metals to pharmaceuticals, the lowering of […]
Lineapelle NY’s signs are ones of avant-garde. Or, rather, of anticipation. That’s the main one that comes out of the rooms of the Metropolitan Pavilion, where a few days ago the edition of Lineapelle New York dedicated to the 25/26 winter season ended. A sign that also characterizes the photographs in the image gallery you […]
Kim Jones and John Galliano have reset their social profiles: cryptic. Joined by Bottega Veneta’s, which created the Craft and Heritage director role, given to Barbara Zanin. These are signals to the fashion industry. The designers’ cryptic messages Jones and Galliano’s personal Instagram accounts have been “blanked.” And Vanity Fair wonders if this means they...
“These are baseless accusations”, says Armani. Dior feels damaged and has therefore suspended relations with the manufacturers involved in the investigation by the Milan Prosecutor’s Office. After the Antitrust’s actions, a response from the two fashion groups needed to come. Armani after the Antitrust’s actions “Armani Group takes note of the investigation for alleged unfair […]
Optimistic for the future but does not foresee recovery as early as 2025. Between made in Italy and training, Enrico Bracalente indicates the course of his B.A.G (NeroGiardini brand). When the recovery You have just closed the 2023 financial report: how did it go? Very well. We closed with a turnover of EUR 122 million...
The year 2024 is not grey for everyone. Those who are able to offer a shoe with certain characteristics (aesthetics, quality, durability, made in Italy, etc.) and a price tag of around EUR 200 have a better chance of selling. This is the case of Ama-Brand trainers, a brand founded 13 years ago in Florence...
A whispered, essential style that uses leather in an “organic” way. The new Parisian brand 10.03.53, founded by designer Luca Colosimo (in the photo), has a very Italian soul, starting with leather, all made in Italy. “An untouchable mystical element” and irreplaceable, according to the designer, who has a past in leather goods in brands...
Mulberry and Eleventy have collaborated on a men’s and women’s ready-to-wear collection that echoes the distinctive codes of both brands. That is to say, focusing on British craftsmanship and Italian elegance. For the new collection, Eleventy’s garments have been reinterpreted thanks to the introduction of some leather inserts, a distinctive trait of Mulberry, which has […]
