Luxury industry’s ‘Trump boost’ was very short-lived

By Bloomberg Published April 15, 2025 The mini bling boom since the turn of the year is well and truly over. On Monday, LVMH reported first-quarter sales that missed expectations. No division generated growth. Each one underwhelmed. The crucial fashion and leather goods unit reported a 5% decline in sales, excluding currency movements, far below the 0.6% slide […]

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Billionaire Prada clan succession plan bolstered by Versace deal

By Bloomberg Published April 13, 2025 For decades, the fiercely independent Prada SpA Chairman Patrizio Bertelli talked about the need for Italian fashion houses to acquire size and scale to take on sprawling industry behemoths like LVMH and Kering SA and also avoid being gobbled up by them.  See catwalkVersace – Fall-Winter2025 – 2026 – […]

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Capri aims to revive Michael Kors with lower prices, Amazon e-commerce sales

By Reuters Published April 10, 2025 Capri Holdings may have to let go of its image as a luxury fashion house and bank on mid-tier pricing as well as a partnership with Amazon.com for its Michael Kors brand following its $1.4 billion sale of Versace to Prada. See catwalkMichael Kors – Fall-Winter2025 – 2026 – […]

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Lacoste names Philippe Gautier as head of finance

Translated by Nicola Mira Published Feb 12, 2024 French sportswear brand Lacoste has recently appointed a new executive vice-president finance, Philippe Gautier, who was recently CFO and COO at beauty and wellness website Waldencast. Gautier has a track record of over 30 years in finance, most of which he spent at fashion and luxury groups, […]

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Kering clarifies the roles of Francesca Bellettini and Jean-François Palus, with the latter confirmed as CEO of Gucci

Translated by Roberta HERRERA Published Feb 12, 2024 Upon the release of its annual results, Kering revisited its new managerial structure, providing more clarity. Last summer, the French luxury group announced the departure of Marco Bizzarri, Gucci‘s CEO since 2015, and his replacement “for a transitional period” by Jean-François Palus, the company’s former deputy CEO […]

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Shoemaker Tod’s should walk toward a sweeter offer

By Bloomberg Published Feb 12, 2024 Driving-shoe maker Tod’s SpA always looked like a private company, what with the Italian Della Valle family having a majority. Now it soon might be. The founding family is teaming up with L Catterton, the private equity firm backed by LVMH, to buy out the remaining shares, valuing the company at €1.42 […]

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Kering’s Gucci can be revived but it won’t go viral

By Bloomberg Published Feb 9, 2024 Investors are looking for the next turnaround story in luxury. Gucci-owner Kering SA seems like a good fit. See catwalkGucci – Fall-Winter2024 – 2025 – Menswear – Italie – Milan – ©Launchmetrics/spotlight But with the company warning on Thursday that investing in its brands will mean a decline in operating […]

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Hermes celebrates record profit with staff bonuses

By AFP Published Feb 9, 2024 French luxury giant Hermes posted on Friday record annual sales and net profit, with plans to reward all employees worldwide with a bonus following strong growth in every region last year. See catwalkHermes – Fall-Winter2024 – 2025 – Menswear – France – Paris – ©Launchmetrics/spotlight The group reported a […]

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According to François-Henri Pinault, “Kering does not aspire to become a real estate developer”

Translated by Roberta HERRERA Published Feb 9, 2024 Since the start of the decade, the luxury group Kering has made significant strides in real estate acquisitions, investing hundreds of millions of euros annually. Notable among these acquisitions are the future Gucci flagship on rue de Castiglione in Paris, slated to open its doors in 2026, […]

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Kering Beauté focuses on the high-end with Creed and a first fragrance with Bottega Veneta

On the occasion of the publication of its annual results, Kering lifted the veil on the strategy undertaken for its beauty division. Fragrances will be the first category to be developed, positioned in the very high-end segment, with the launch in the second half of 2024 of a first fragrance for Bottega Veneta, followed by […]

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