The French group first semester 2019 results saw notable revenues growth of +13.2% at comp rates and a below the expectations growth at Gucci at 16.3% at comp rates. It seems that results of the group are impacted by a slow down of the flagship brand. Some months ago I wrote an article on Jing … Leggi tutto

A few days ago Equita, the independent Italian investment bank, disclosed an interesting analysis on Kering: – Rating “buy” – The stock trades at 16x times earnings vs the 24x times of the competitors for 2020 – Return on invested capital is higher than peers thanks to increasing profitability due to past years Gucci relaunch – Gucci has … Leggi tutto

In 2013 Gucci, under #FridaGiannini,  sponsored the David Bowie exhibition at the V&A in London. The creative designer said “Bowie unapologetic androgyny helped women to convey masculine energy without compromising  feminine and elegant sensuality”. As per Esquire “David Bowie wore whatever he damned well pleased” and he never stopped being a rockstar even going through dramatic … Leggi tutto

“Gucci delivered a very good quarter, with revenue up 24.6% as reported and 20.0% on a comparable basis to €2,325.6 million.” In the first quarter of 2019. First quarter of 2018 saw a 49% growth. In 2019 North America only grew 5% while Asia Pacific recorded a notable +35.5%. “We’ll continue to fuel [growth] with … Leggi tutto

The Fab Four of #fashion and #luxury show an outstanding firepower in the industry. They have a stunning business and are in the hotlist of must-have brands. What is the common factor of them all? The city of Rome. Despite a certain PR effort highlighting Milan as the fashion capital of the world, with a few exceptions like Moncler, Milan … Leggi tutto

It is news of today that Prada created a Diversity and Inclusion Advisory Council co-chaired by director Ava DuVernay and artist Theaster Gates. “Prada is committed to cultivating, recruiting and retaining diverse talent to contribute to all departments of the company,” Miuccia Prada, CEO and Lead Creative Director of Prada said in the statement. “In … Leggi tutto

Despite the fact that women are a key target in fashion and luxury, there are not so many women CEOs case histories. Francesca Bellettini is a flagship CEO of Kering and one of the most inspiring women in fashion. She started in investment banking and consulting. She joined Prada Group invited by Patrizio Bertelli. Then … Leggi tutto

On Kering Scary Secret Weapon Kering Q3 results beat competitors as comparable Q3 sales rose 28.4% versus PY. The main contribution to the growth was given by Gucci, that rose +34.9% and, far from this, Saint Laurent 16.5%. The rest of the brands (including raising star Balenciaga) rose +32.2% Bottega Veneta declined 8.7% in a … Leggi tutto

Is it maybe because they do not believe the long-term investment is worth it? Do they really believe Celine under Slimane could double or triple the revenues? Or maybe they are willing to beat the Saint Laurent by Vaccarello with the real mastermind behind SLP success? In a world of fashion where “gender fluid” is … Leggi tutto

They couldn’t be more different in style. They couldn’t be more similar in their being stuck in a moment. Hedi Slimane imposing his black and white, skinny, hyper young aesthetics. He developed it in full gear in all the brands he worked for. He’s been the Golden Boy raising like a Phoenix from its ashes. … Leggi tutto