Luxury’s New Pecking Order In the ever-competitive world of luxury fashion, recent moves by top players have once again reshuffled the industry’s pecking order. This week, Dior made headlines by appointing Jonathan Anderson to lead its men’s fashion division. The talented designer, known for his innovative approach and unique aesthetic, is expected to bring a […]
Jonathan Anderson Confirmed at Dior Men
Jonathan Anderson Confirmed as Creative Director at Dior Men In a groundbreaking move that sent shockwaves through the fashion industry, LVMH CEO Bernard Arnault announced at the group’s annual shareholders meeting on Thursday that Jonathan Anderson will be taking the helm as the Creative Director of Dior Men. The star designer, known for his innovative […]
Moncler Group Revenues Rise One Percent
Moncler Group’s Steady Growth: First Quarter Revenues Rise One Percent Moncler Group, the renowned Italian luxury fashion company, has started off the year on a positive note with a 1 percent increase in first-quarter sales. The group reported revenues of €829 million ($943 million), surpassing analyst expectations and demonstrating its resilience in the face of […]
Capri’s Versace Blunders Opened Door to Prada Takeover
Capri’s Versace Blunders Opened Door to Prada Takeover In a surprising turn of events, the US group Capri faced a major setback with its acquisition of Versace, leading to a staggering loss of approximately $700 million. The downfall of Versace under Capri’s ownership can be attributed to a strategic shift towards more subdued designs and […]
Prada Nears Approval of Versace Deal Despite Tariffs
Prada Nears Approval of Versace Deal Despite Tariffs The luxury fashion industry is abuzz with anticipation as Prada SpA edges closer to securing the acquisition of Versace from Capri Holdings Ltd. in a deal worth €1.25 billion ($1.4 billion). Despite the looming threat of tariffs and economic uncertainties, Prada is forging ahead, showcasing resilience and […]
Report: Prada to Decide on Versace Deal This Week
Report: Prada to Decide on Versace Deal This Week Luxury fashion giants Prada and Versace are making headlines this week as reports suggest a potential takeover deal in the works. Speculations are rife that Prada is gearing up to acquire Versace in a deal that could be announced as early as Thursday. The deal, which […]
Goldman Sachs to Lead €2.5 Billion Financing for Prada-Versace Deal
Goldman Sachs to Lead €2.5 Billion Financing for Prada-Versace Deal In the fast-paced world of high-end fashion mergers and acquisitions, the latest buzz surrounds the €2.5 billion financing deal led by Goldman Sachs for the Prada-Versace acquisition. This significant financial maneuver has caught the attention of industry insiders and financial analysts alike, with €1.5 billion […]
Explainer: How Trump’s Tariffs Threaten Luxury Fashion
Explainer: How Trump’s Tariffs Threaten Luxury Fashion The recent shifts in US trade policy under the Trump administration have sent shockwaves through various industries, and luxury fashion is no exception. While it may seem like increased tariffs won’t significantly impact retail prices immediately, the ripple effects on the global economy and consumer sentiment could pose […]
Why Gap Is Going Premium
Why Gap Is Going Premium Gap, the iconic American retail brand known for its classic casual wear, is taking a bold step into the world of premium fashion with its new GapStudio line. This strategic move comes as the brand aims to reinvent itself and cater to a more discerning and fashion-forward audience. Spearheaded by […]
Zegna Group Profits Decline 30 Percent
Zegna Group Profits Decline 30 Percent Luxury fashion house Ermenegildo Zegna Group recently released its financial report for 2024, revealing a 31 percent decline in profits to €91 million ($98 million). This significant decrease in earnings has been attributed to various factors, including a notable slowdown in the Chinese market and a weaker wholesale performance, […]