10 insights on the philosophy of the mastermind behind the first #luxury group in the world 1. “The man himself is deeply private”. No need to show off. 2. “I always liked being number one. I told my team we will build the first luxury group in the world” (Michael Burke was among his closest aides since … 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

Dear Mister Johann Rupert, I read the amazing interview of yours to Nick Foulkes on FT Weekend. “So long as there is love and passion, there will be luxury jewellery” you said. Very inspiring. And you also created a Foundation supporting artisans and craftsmen as well as the Laureus Sports for Good. You were disappointed by … Leggi tutto

It’s not surprising that a CTO who worked at Tesco and Unilever before leaves Richemont after five months in the role. The most relevant luxury companies should innovate in their own way, not following the FMCG. Luxury groups and brands, to continue to be successful, should make sure they manage their own evolution following the … Leggi tutto

Bernard Arnault is the founder of the #1 luxury group LVMH, composed by 70 brands. His interests include leather goods, jewelry and watches, wines and spirits. Global and niche brands. All of them prestigious and renown. His real time net worth today is estimated by Forbes at $ 84.9 billion and he is ranked #4 … Leggi tutto

#Kering announced today that, after the disposal of Puma, they will also put on sale Volcom and they will focus on luxury brands (acquisitions?). Very likely the same destiny will take place also for Cobra, the third sports brand of the group. The intention of Monsieur Pinault group is very clear as well as the … Leggi tutto

Maria Grazia Chiuri and Kim Jones at Dior Hedi Slimane at Celine Virgil Abloh at Vuitton Kris Van Assche at Berluti Claire Weight Keller at Givenchy We cannot deny that LVMH is investing in creative directors with strong personality and impactful style. The group is certainly preparing an acceleration in growth, maybe also in consideration … Leggi tutto

Kering last 2017 quarter results are”phenomenal” as stated by Francois-Henry Pinault. Full year revenues are 27.2% higher than previous year. Gucci grew + 43%in the last 2017 quarter. Apart from the tax elusion investigations about Gucci, the headache of Puma, Stella Mc Cartney spin off rumors, Yoox lost occasion, Kering showed all its ability in … Leggi tutto

Kering is one of the most prestigious luxury groups. It owns fashion, jewelry, watch, sports brands (Puma as well as Volcom, Cobra) and the Eyewear company. Recent talks are about: – Gucci will continue to grow but at a much slower pace than previous year (Bloomberg forecast) and it is under investigation for tax elusion … Leggi tutto

When we speak about leaders and top executives in luxury other names come to the mind before Michael Burke, but he is the undisputed number one. Tough and demanding as a boss he is also a great motivator, a polarizing executive (love him or hate him or both) but he is with no doubt le … Leggi tutto