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

It was pretty unusual to see Christian Dior Couture organizing an event in the Moroccan city beloved by Yves Saint Laurent. Instead of Saint Laurent itself. While the Kering owned French brand is focusing on a contemporary look and feel without looking too much at its founder past and heritage, rival LVMH owned brand Dior took advantage … 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

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

THIS WEEK IN LUXURY AND FASHION (and a surprise) – Moncler, LVMH confirm double digit steady growth Soundtrack “Causing a commotion” Madonna – Kering stellar growth thanks to Gucci Soundtrack “Borderline” Madonna – Puma shares fall 7% due to shy revenue results Soundtrack “This used to be my playground” Madonna – Ralph Lauren will celebrate … Leggi tutto

Following the official statement on Chanel revenues in 2017, let’s play find the odd one out! – Chanel revenues 8.27 billion euro. Growth rate +11% – Hermès revenues 5.549 billion euro. Growth rate +9% – Kering Luxury activities 10 billion euro. Growth rate 29.9% of which Gucci revenues 6.2 billion euro. Growth rate +42% – LVMH … Leggi tutto

#THISWEEKINLUXURYANDFASHION – Armani and Fendi freshen up their logos. Evolution is the keyword Soundtrack – Backstreet Boys “Larger than life” – Ferragamo family sold 3.5% stake…is a sale of the Brand on the pipeline? Who is ready to takeover? It seems they are following baby steps but in a clear direction Soundtrack – Red Hot … Leggi tutto

Gucci stunning double digit growth of the past three years was confirmed a few days ago by a +27,1% in the first 2018 quarter. Gucci disrupted the fashion world with a new weird, no-gender, vintage-remix, psychedelic style that created so much buzz and business in the industry. All this excitement and focus on those trendy … Leggi tutto