Yesterday Farfetch, the online platform that sees NET-A-PORTER founder Natalie Massenet as a non-executive co-chairman, announced the acquisition of the group owner of, among others, Virgil Abloh Off-White for 675 million $. The 10 year old company has still not reached break even and it went public one year ago. Investors have not been shy in judging this new move … Leggi tutto

The Hermès-Margiela collaboration as seen by Pierre-Alexis Dumas “Jean-Louis Dumas …knew that he constantly needed to revive the perception and understanding of the brand through creativity. He was always telling me that Hermès needs to change all the time to remain true to its spirit.” “My father later said: ‘Hermès has always been a house … Leggi tutto

Dear Brunello Cucinelli, What about #authenticity? Your eponymous company has become a leading luxury brand. Your HQ is a rebuilt village in Umbria. Emails are forbidden from 5pm to 8am. Heartfelt speeches are on human dignity and philosophy, Roman emperors and Catholic saints, your inspiration is Saint Benedict “ora et labora” (pray and work). Your post with the … Leggi tutto

Dear Silvia Fendi, congratulations! In a world overwhelmed by bad taste and show off people, you silently (but powerfully) dedicated your energies to the best of fashion and luxury. You went through ups and downs, acknowledgements and difficulties, from a family business to a global brand as its most precious yet discreet soul. You collaborated … 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

While competitors are “stuck” in their success and troubles, LVMH seems to be speeding up on a series of crucial decisions. – Balance geo-distribution of the business: Rihanna #Fenty is certainly not aimed at conquering China, but the USA, same as Virgil Abloh Louis Vuitton. These are big catalysts for the black community which represents a relevant market … Leggi tutto

LVMH recently announced the creation of the #Fenty brand under the group umbrella. Rihanna is a Barbadian singer and business woman whose full name is Robyn Rihanna #Fenty. She has more than 70 million followers on Instagram and sold more than 250 million records worldwide up to 2018. Rihanna is well known for her music and fashion style. During … 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

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

Jean-Marc Loubier, former top executive of LVMH, acquired Belgian bags brand Delvaux in 2011 with other partners. The brand revenues were around 10 million euros and the sales were 97%  located in Belgium. Eight years later the brand turnover is between 100 and 200 million euros and 90% of it is outside the mother country. … Leggi tutto