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Silvia Venturini Fendi: «The Baguette was born from an astral conjunction»
«Karl Lagerfeld told me ‘The Baguette is worth beaucoup des diamants,» the designer recalled, telling MFF the secret of a success born 25 years ago. «At that time, we did not even have a marketing division, all before Lvmh. The stars aligned that day». And she added, “Madonna immediately bought one in Rome. They called me, but I am shy and did not go down and talk to her”
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Queen Elizabeth II, goodbye to a style icon
From tailored suits to Philip Treacy hats, from Anello & Davide’s loafers to Lauren London bags, up to Hunter boots and countryside raincoats. The Queen of England, who passed away at 96, also marked an era of elegance and style
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A new era for Bally
«I started from the archive to combine heritage with modern luxury», Rhuigi Villaseñor, debuting as creative director with a show in Milan on saturday, september 24, explained to MFF. The goal is to take apparel sales from 11% to 25% in the next three to five years
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Milan to restart from womenswear
After six months on a 25% run, the industry will close 2022 with over 92 billion (+10%), but a slowdown is expected due to the energy crisis. 61 fashion shows will go on stage from september 20 to september 26. «It will be a breath of fresh air for the city and for young people», Milan’s mayor Beppe Sala stressed. Ferragamo's return and Bally's debut on the catwalk are expected
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The renaissance of New York’s retail
«The city’s luxury market is coming back stronger than ever after the pandemic», Cushman & Wakefield experts told MFF. From Givenchy to Isabel Marant, from Chloé to Kiton to the multibrands Elyse Walker and Matchesfashion with a focus on Soho, Fifth and Madison avenue
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Korea leads the way for Asia
According to Bain & company and Citi, thanks to the rise of luxury customers, the country is closing the gap with Japan by offsetting China's decline. "Local spending is steadily increasing by 20% each month, with tourism rebounding at +196%," Bank of America illustrated. And brands are adapting their own strategies
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M&A fever inflames fashion
From Ganni to Tom Ford, up to Isabel Marant. «For the second half of the year, we expect acquisition activity in the fashion sector to be as strong as the first half of 2022», Emanuela Pettenò of PwC Italy explained to MFF. The spotlight will also be on Lanvin Group's IPO
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Antoine Arnault: «the future of luxury is real life»
«I am anti-metaverse», the manager, ceo of Berluti, chairman of Loro Piana and head of communication at Lvmh explained in an exclusive interview with Gentleman ahead of Les journées particulières that, from october 14 to october 16, will exalt the savoir faire of 57 maisons
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The time of the super dollar
The Us dollar has broken parity with the euro for the first time in 20 years. «A weak euro is positive for luxury companies’ profits,» Philippe Blondiaux, Chanel’s Chief Financial Officer, commented. «This will also make sales volume grow,» analysts told MFF
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New York celebrates the return of the American dream
«The upcoming shows are a sign of the importance of American customers», Steven Kolb, ceo of the Council of fashion designers of America (Cfda), told MFF. With over 100 confirmed maisons from september 9 to september 14, New York fashion week seeks redemption
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Luxury’s unstoppable run
Kering aims at 15 billion in profits for Gucci. Analysts forecast 50% growth for Prada and about 20% for Lvmh in the medium term. Globalization and product diversification have driven the sector towards almost 300 billion euros. These values are destined to increase with virtual goods
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EssilorLuxottica, +9% in profits with growing margins
The eyewear giant concluded the first half of the year with a profit of about 12 billion euros. «We will carry on the vision and values of our founder Leonardo Del Vecchio, whose leadership remains an inspiration for us all», the Group’s management stated. Solid performances in the Emea region (+15%), while North America is slowing down in (+5%)
