A new filing by the administrators of Matches shows that there’s been plenty of interest in buying parts of the business but that even if it was sold as a going concern, any new owner would have to deal with its severely dented reputation. Photo: Sandra Halliday That’s because many of fashion biggest and most … Read more
The first quarter of 2024 has reshaped the geography of Kering’s outlets. Over the period, traffic in the shops of its main houses, and in particular those of its flagship brand Gucci, fell everywhere in the world, with the notable exception of Japan and to a lesser extent the ‘rest of the world’ zone, driven … Read more
By Bloomberg Published Apr 24, 2024 Kering SA warned that profit will plunge in the first half of the year after wealthy shoppers curbed spending on Gucci products. See catwalkGucci – Fall-Winter2024 – 2025 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight Recurring operating income will drop between 40% and 45% in the first six … Read more
Jack Carlson has come a long way since creating the cult menswear brand Rowing Blazers in 2017. In the past seven years he has partnered with everyone from Target to Gucci on buzzworthy collaborations, built a following among updated preppy fans, and even attracted the attention of Burch Creative Capital, which purchased a majority stake … Read more
By Bloomberg Published Apr 19, 2024 Three months before his 90th birthday, Giorgio Armani is hinting at possible big changes for his Italian fashion empire once he’s no longer in charge. After fighting for years to keep Giorgio Armani SpA independent amid the mergers and acquisitions that reshaped the luxury sector, the billionaire design virtuoso … Read more
By Reuters API Published Apr 17, 2024 Italian luxury group Brunello Cucinelli said on Wednesday its sales rose 16.5% at current exchange rates in the first quarter, driven by growth in all regions, including Asia. Brunello Cucinelli As demand for luxury goods slows, the gap between the performances of different groups widens, with those focusing … Read more
By Bloomberg Published Apr 17, 2024 LVMH’s first-quarter results brought reassuring signs that wealthy Chinese shoppers are splashing out on luxury items — just not in China. See catwalkLouis Vuitton – Fall-Winter2024 – 2025 – Womenswear – France – Paris – ©Launchmetrics/spotlight The world’s largest luxury group — with 75 brands ranging from Louis Vuitton … Read more
Translated by Roberta HERRERA Published Apr 16, 2024 During the Milan Furniture Fair, luxury houses prominently showcase projects that draw heavily on heritage, collaborating with pivotal figures in design. Many leading labels have opted to reissue the celebrated historical works of design luminaries, particularly Italian, reinterpreting these pieces in opulent versions that align seamlessly with … Read more
Translated by Nicola Mira Published Apr 14, 2024 Italy is more than ever at the centre of attention this spring, hosting in April some of the most interesting events in the culture, art and design sectors. Starting with the 60th edition of the Venice Biennale, an international art exhibition held every two years, whose pre-opening, … Read more
By AFP Translated by Roberta HERRERA Published Apr 11, 2024 Gucci has long served as the powerhouse driving the luxury conglomerate Kering forward. Yet, sales of the esteemed Italian brand are decidedly on a downward trajectory in a decelerating global luxury market. Consequently, Kering has little choice but to rejuvenate the brand by elevating its … Read more
