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Sportswear sector to reach 440 billion euros
According to Euromonitor, the sector could grow by an average of 8% by 2025. According to a study by McKinsey, which remains cautious due to global uncertainties, the game in the sector will be played between brand value, sustainability, and nearshoring, with the chinese market as a growth driver
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Quadrivio to launch Made in Italy Fund 2
«The stake has doubled and we are considering five investments,» ceo Binello announced to MFF. The collection target for this reality, which aims to replicate the successes of Gcds and Dondup, is of 500 million. «We will open an office in Paris so we can also dedicate ourselves to foreign brands but linked to our country»
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Jean-Christophe Babin is ready to double on jewelry
Bulgari’s ceo draws up growth scenarios for the jewelry market for MFF. Meanwhile, the Lvmh’s maison unveils the new Mediterranean collection in Venice. «Although we play on the same team, our target is to surpass Tiffany, and then Cartier too»
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Gucci surfs the Korean wave
The double G brand unveils cruise 2024 in Seoul with a monumental show in the Gyeongbokgung palace. In a mix of street and sportswear, neoprene wetsuits and branded boards alternate to ride the Hallyu, the cultural vague of the eastern country. A$p rocky and K pop stars sit in the front row, while anticipation grows for Sabato De Sarno’s debut
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Pinko considers the ipo
«This is a long-term goal. We are now considering opening equity shares. Having a 25% partner will allow us to reach 500 million within 2025-2026,» President Pietro Negra explained to MFF. After the first sustainability report, the brand is studying the opening of Us store
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For Giorgio Armani, work is an act of love
The designer received in his hometown Piacenza an honorary degree from the Catholic university of the Sacred heart in global business management, the fifth hd in his career. «My roots will remain here», the couturier said, looking to the future, where he sees a strong and up-to-date group. «For now, though, I am still here»
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Foreign countries drive Pitti
«2023 will be positive, with the restart of tourism and markets,» Pitti’s new President De Matteis said at the presentation of the event, which will be hosted in Florence from June 13 to June 16 with 825 companies. In 2022, the menswear exports touched 8.9 billion (+25%)
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Fendi’s relationship with art
«We support Italian culture as we have already done for the restoration of the Trevi Fountain,» ceo Serge Brunschwig explained to MFF while opening a major exhibition of sculptor Arnaldo Pomodoro in Rome, with whom he makes a special Peekaboo bag. «Now we are working on the fashion show in Tuscany»
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Diego Della Valle’s bet on China
«The country is crucial for us. We have an important presence there and will continue to invest,» the entrepreneur explained. The market is restarting and offers significant growth potential for Italian Smes. «Tod’s was the first brand to land on Tmall,» Rodrigo Cipriani Foresio, general manager of Alibaba group South Europe, recalled
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Giorgio Armani takes the podium of top managers
The fashion designer climbs the reputation ranking of Italy’s number ones and shares the podium with Eni and Intesa Sanpaolo executives, confirming the growing role of fashion. Brunello Cucinelli ranks 7th on 150, followed by Renzo Rosso
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The coronation of King Charles III is a 2.3-billion-pounds event
According to VisitEngland, travel over the weekend will generate 1.2 billion pounds while the three-day celebration will bring in an increase in tourism to the tune of 337 million pounds. Other revenue will come from retail sales and television rights
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Aldo Carpinteri’s Modes will be listed within three years
Jefferies is tasked with finding a partner to take over a minority stake in the retailer. «In december we will open in London, in 2024 in the Us. Once we reach 50 million in ebitda, we will think about the stock market,» the founder anticipated to MFF, who has China in the plans with a partner
