Fashion week, Paris and London canceled; Milano Moda Uomo postponed from June to September
The representatives of the four main international fashion weeks scheduled in the coming months (Camera Della Moda, British Fashion Council, Fédération de la Haute Couture et de la Mode and Cfda, respectively for Milan, London, Paris and New York respectively) met in videoconference to decide…
Covid 19, fundraising from Camera Buyer Italia
Camera Buyer Italia, the National Chamber of Italian Fashion, has opened a fundraising to be as close as possible to national health for the Covid19 emergency. The proceeds from the fundraising will be donated to research, the creation of new intensive therapies and the purchase…
Italian fashion schools on streaming
Fashion schools organize themselves to deal with the Coronavirus emergency. Accademia del Lusso has activated online courses and in Milan and Rome offices the streaming teaching service is active, which mainly concerns the areas of fashion and marketing. Through the Shanghai office opened in 2015,…
Confindustria Moda requests suspension of rents
Confindustria Moda, through a letter signed by President Claudio Marenzi representing 50 of the most important Italian companies including Calzedonia, Herno, Moncler, Roberto Cavalli, Ferragamo, Trussardi and Valentino, writes to the landlords of buildings, stores and offices dedicated to textile companies, fashion and accessory to…
Shanghai Fashion Week live on Tmall
In early February, as the full force of the Covid-19 epidemic was hitting China, the Shanghai Fashion Week was one of the first events to be postponed, to an indefinite date. It was officially set to begin on March 26, but it then decided to…
Nike, online revenues increase
Nike beat estimates in the quarter ended February 29, driven by the jump in online sales. The number one in world sportswear recorded revenues up from 9.6 to 10.1 billion dollars (about 9.3 billion euros), going beyond the 9.8 billion assumed by the FactSet consensus….
Fashion world introduces production of masks against Covid19
Fashion companies around the world make a virtue of necessity and introduce the production of masks for the Coronavirus emergency. Lvmh will supply 10 million masks in France in the next few days, as result of an agreement with a Chinese supplier, and then will…
M&A, fashion operations are growing in 2019
In 2019, private equity investments in the luxury and fashion sector grew in number and value. According to the results of the analysis conducted by Aifi (Italian Association of Private Equity, Venture Capital and Private Debt), in collaboration with PwC-Deals on the Italian venture capital…
Hugo Boss, CEO Mark Langer leaves after 18 years
After 4 years at the helm of Hugo Boss, Mark Langer will leave the role of CEO of the German brand in September, after 18 years working in the company. New CEO has not yet been announced. Bluebell, the fund founded by Giuseppe Bivona, Marco…
Kering, downwards forecasts for the first quarter of 2020
Downward forecasts in the world of luxury. After Burberry, Kering (the company of Gucci, Ysl, Bottega Veneta, Balenciaga and Pomellato brands) also tries to predict the possible impact of Coronavirus on sales for the quarter ending March 31 with a decline in turnover between 13%…