Having archived Powell's speech which confirmed the rate cut next month, despite not giving precise indications on the extent, the markets return to looking at the key sectors, while the war fronts in Ukraine and in…
Interview with Gabriel Debach, Italian market analyst at eToro. Once the Fed president's speech has been archived with the confirmation of a rate cut in September, investors return to looking at the stock markets. The slide at the beginning was scary...
Fabrizio Freda, CEO of Estée Lauder since 2009, will leave the helm of the company at the end of the 2025 fiscal year, the group "at an advanced stage" in the succession plan
How do luxury people and brands make or create things that are seen as works of art? In other words, when is there artification? The answer to this question is simultaneously symbolic, material and contextual
To quickly emerge from the financial labyrinth recorded in European stock exchanges, the luxury industry will have to adopt both eco-sustainable measures and an omnichannel digital strategy for synergistic management of corporate communication channels, whether physical or digital, and of customer touchpoints. clients…
It is the week of the balance sheets of 4 of the magnificent 7, which will make it clear whether the correction will continue, and of the central banks. European stock markets on the rise, but luxury slows down Paris. In Milan purchases on Leonardo and St, more sales on…
Despite the rebound in Piazza Affari this morning, the atmosphere has changed on the markets and the collapse of the Nasdaq indicates that the feared correction is underway. After a long run, high tech and luxury stocks are the…
While waiting for the US data on PCE inflation, European stock markets are attempting a mini rebound. Paris the best. In Milan purchases on Eni and luxury, STM and Stellantis still down
In the medium term, the group confirms an "ambitious target of revenue growth at constant exchange rates". Revenues from all geographical areas, including Asia (+6.8%). The leading sector remains leather goods
Revenues down 11% in the first half, weighs Gucci down 20% In the second half of 2024 the operating result "could be down 30%". On the positive side, Bottega Veneta
All the spotlight on the Nasdaq, the index of high tech companies which yesterday experienced one of its worst sessions in recent years. Luxury and banking are also special observations
Iveco collapses on Piazza Affari but on other markets Tesla and Alphabet, LVMH and Deutsche Bank suffer heavy losses after the quarterly reports and affect their reference sectors. The Nasdaq loses 3,6% in the storm
LVMH's disappointing accounts send European luxury into the deep red. Price lists all decreasing: Paris the worst, Milan moving away from the minimums. Iveco collapses after the accounts, Deutsche Bank weighs on the banking sector
The group, which is still the main sponsor of the Olympics which open on Friday in Paris, thus confirms the normalization phase that began in 2023, while net profit shows a drop of 14% to 7,3 billion. Interest rate fluctuations weigh...
Bags on the swing. Milan starts well but goes into the red due to the slips of Telecom and Stellantis. The Nasdaq recovers. Good signals from the quarterly reports for Unicredit and Alphabet
Even today, luxury is the cross of the European stock markets, again in the red except for Milan. The Trump effect, however, continues to give breath to Wall Street which is banking on the tycoon's return to the White House
After Burberry and Swatch, the German fashion house Hugo Boss also takes a step back and cuts its forecasts due to the collapse in global consumer demand, especially in key markets for the luxury sector such as...
After Burberry's alarm comes that of Hugo Boss, while Richemont holds up despite the decline in Asia. European stock markets ignore Powell and Wall Street's records and are in the red
The failed attack on Trump brings a sigh of relief to American markets while the luxury crisis hits European stock markets, especially France but not only
European stock markets below parity awaiting Wall Street. Burberry and Swatch send luxury into the red, while the attack on Trump strengthens the dollar and cryptocurrencies
Swatch reports a 14,3% decline in net sales in the first half of 2024, with operating profit halved. The weakness of the Chinese market weighs on the group, with only the Swatch brand holding out and increasing sales by 10%. Cautious…
The recovery of the French stock market continues, which today conquers the top of Europe with more confidence in the solution to the political crisis. In the US, banks with profits above expectations but in the red on Wall Street and Big Tech recovering
The Paris Stock Exchange is set to close the week with clear progress, thanks above all to the recovery of banking and luxury stocks, but even more to the newfound hope of seeing the birth of a centre-left coalition government that…
The designer celebrated his birthday in his "Bottega" in via Bergognone in Milan. After 50 years of high fashion, his empire is valued at around 4,5 billion. If the values of his Giorgio Armani landed on Piazza Affari...
There was no stock market storm after the sensational electoral turnaround in Paris. The markets sense that, sooner or later, France will give itself a coalition government in line with European guidelines
Sotheby's will move to its new headquarters in the heart of the artistic, fashion and luxury district of Paris “83 Rue du Faubourg Saint-Honoré” With 3.300 square meters on five floors. The building will host auctions and more, but also concerts, parties, conferences,…
Ferla will replace Vigheron, who leaves the helm of Cartier after eight years and becomes president of the jewelry company's culture & philanthropy division. Both positions will start on September 1st
The main stock exchanges of the Old Continent are trading lower, while Milan remains afloat. Luxury is affected by the postponement of Golden Goose's IPO, due to the "significant deterioration in market conditions". Meanwhile, the EU Commission has started, as expected,…
The Venetian company specializing in the production of luxury sneakers aims to raise between 1,693 and 1,860 billion euros, combining the issuance of new shares with the reduction of the ownership stake
Borgo Egnazia, the resort celebrated by the G7, is entirely made in Puglia: it belongs to the Melpignano family, it was created by the Apulian designer Pino Brescia and the chef Domingo is also Apulian. It has 721 employees. Americans love it. A week…
For the Milan and Paris stock exchanges it is a black Friday with heavy losses in banking, insurance and luxury stocks. It is the effect of the uncertainty sown by the victory in the European elections of Le Pen's extreme right that makes the…
When Standard & Poor's decided to downgrade the French sovereign rating from AA to AA on May 31st, the market pretended nothing had happened, so much so that the yield on the ten-year French bond did not change...
Chanel surprises everyone and announces the farewell of Virginie Viard after 30 years spent in the maison, 5 of which as creative director. No news on the successor, but the market is betting on two names
The difficulties of the luxury sector do not affect Chanel which records a record 2023, with sales and operating profit increasing by double digits. The brand wants to open new stores in China but is also looking at Italy
The negative performance in Asia and China in particular sends Kering's accounts into the red and weighs on LVMH. Hermès, on the other hand, continues on its own path and ignores the weak start of the year for the entire sector
The famous New York jewelry house will pay the Municipality of Milan an annual rent of 3,6 million euros for a space of 174 square meters, previously occupied by Swarovski. The auction saw 27 bids and marked…
The son of Diesel's owner, Renzo Rosso, takes over from Barbara Calò. Objective: to accelerate the growth of the brand in the luxury market and reach an even wider audience
After a rising opening, the stock markets put the brakes on while waiting for strong indications from the Fed and quarterly reports. Inflation rises in Spain and Germany, Milan around parity
Meta's expenses for AI, the disappointing GDP of the US first quarter and inflation are weighing on Wall Street: in cascade, the American data are reflected in the European stock markets which close lower, except for London driven by the maxi offer for…
Three months after his ninetieth birthday, the designer talks about the future of the holding. Independence has always been one of the founding values of the group which, however, has now adapted to changing times. The stylist: "I don't feel like excluding anything"
Revenues by geographical areas see Americas +19,5%, Europe +13,9%, Asia +16%, while sales by distribution channels show retail +15% and wholesale +19%. Cucinelli: "In the Chinese market we can see important development opportunities"
European stock markets rebound and outperform Wall Street. Thanks above all to the surge of LVMH which inflames the Cac40 but also a clear recovery in Piazza Affari
All the fashion brands rise on the European stock exchanges. The tip of the balance will be China which this week surprised with a GDP higher than consensus. A flurry of data from the sector is arriving
Luxury in turmoil. After Alessandro Michele's move to Valentino, Stefano Cantino leaves Louis Vuitton and becomes number two at Gucci, in charge since May 2
Kering bought an 8th century building in via Monte Napoleone XNUMX in Milan from Blackstone. It is the highest transaction carried out in Italy for a single real estate asset
The former creative director of Gucci will join Valentino from April 2nd. The maison: "It's the beginning of a new journey." Alessandro Michele: "Immense joy and enormous responsibility"
One resignation after another in the fashion world. What's going on? Perhaps the rhythms of finance, after stock market listings, do not mesh well with those of the catwalk seasons. It is certainly a change of pace
The Fed will reveal its verdict on rates tonight. Lagarde: Data to decide on rates by June". Gucci sales estimates sink Kering (-14%), Poste in Milan in the red. Spread rising
A 2024% increase in turnover is expected for 10. At the meeting on May 20th, a dividend of 0,91 euros per share will be proposed. The owner Brunello promotes his two daughters to vice presidents
The accounts of the Italian luxury fashion house show significant drops in revenues and a sharp drop in net profit (-60%), leading the stock on the stock exchange to record a drop of more than 4%
The historic tower in the City's West End was sold by the BT Group to the American group Mcr Hotels. The tower, 189 meters high with its antenna, had lost its role as a center for transporting signals from…
In 2023, over 1.500 ultra-luxury villas priced at $10 million and above were sold in the United States. Not just California: billionaires prefer Manhattan. Doubts about style: excessive pomp, mixtures of dubious taste and obvious fake effect. The…
Milan Fashion Week opens with a busy calendar of fashion shows and events dedicated to the autumn/winter 2024-2025 women's collections. A mini-guide to prepare for the most anticipated event in fashion
The Della Valles, after the 2022 flop, launched a new takeover bid together with LVMH with the aim of exiting the stock exchange. Offer price 43 euros per share
The structure will be located in Sala Baganza and will be dedicated to the production of luxury footwear and leather goods. Three hundred people employed. Opening expected by 2026
A third of companies expect organic investments to support growth and M&A activities in 2024. The high range holds the majority of production and is preferred by foreigners
Luxury in great shape on the markets after the boom in LVMH's accounts (+13,3%) which drags the entire sector on the stock exchange and makes Moncler and Brunello Cucinelli shine on Piazza Affari
In the space of a few years, innovative companies have overtaken giants that seemed unassailable, such as Volkswagen or BASF. Now on the podium are: the Dutch chip company Asml, the Danish Novo Nordisk and LVMH
All operating divisions performed well, except Wines & Spirits which saw a decline of 7 percent. Europe, Japan and the rest of Asia recorded double-digit organic growth. The stock exchange celebrates
All the main European stock markets are on the rise. In Piazza Affari, STM, Bper and Unicredit shine above all. The banking risk reignites. Amplifon falls again
The ballet of rates, combined with the winds of war in the Middle East and the difficulties of the Chinese economy, disturb the markets - Tests in Milan for the new TIM branded KKR
Irregular Chinese factories used. The famous bags with geographical maps were produced by underpaid Chinese and in terrible environmental conditions. The company was deemed incapable of preventing and combating labor exploitation in its production cycle
The fourth son of Bernard Arnault, former CEO of Tag Heuer, has been at the head of the luxury division which also includes Hublot and Zenith since January 1st
Doubts about Apple's future and anxiety over the Fed's minutes on the next rate moves send the stock markets into the red while T-bond yields rise - In Milan the banks are holding up but not the securities...
For over 30 years, the building has hosted the most important store in New York of the main brand of Miuccia Prada and Patrizio Bertelli who thus try to get around the mind-bogglingly exorbitant rents in that part of Manhattan
The recognition was awarded by MonteNapoleone District and the Italian Embassy in Beijing for the important contribution of OTB with its brands Diesel, Maison Margiela, Marni and others, to the valorization of Made in Italy in China
In 13 years, the brand has grown on the stock market much more than LVMH (+600%), but it is the Kering dividend that makes luxury soar - The curious dispute over the inheritance of Hermes
The relaunch of luxury and the new data on American employment, higher than expected, have given fresh air to share prices on both sides of the Atlantic
Advancement of the Saudi sovereign fund in Italy which acquires a significant share of the luxury hotel group. Cdp exits. It's the latest in a series of operations, that's what they are
Since the beginning of the year, Estée Lauder shares have lost almost 50% of their value and in November they again cut their growth forecasts. For HSBC, the Luxury sector will be subdued for another 5-6 months
Interlocutory day on the markets - The collapse of Burberry pushes the entire luxury sector downwards - Utility stocks rise again on Piazza Affari but Saipem slips
CEO Ruffini: "As we enter the most important part of the year, we remain vigilant in an uncertain macroeconomic scenario, but at the same time confident in the solidity of our brands"
The management of the LVMH empire remains firmly in the hands of the founder Bernard, the third richest man in the world. But Arnault wants to secure the group in view of his succession
Price lists contrasted in Europe and the USA but Piazza Affari still on the rise thanks to the exploits of MPS but also to the greater confidence in the stop on the rise in rates due to the effect of the new war - Clouds over luxury and pharma
Cipriani announced the creation of the $500 million Cipriani Hospitality Fund with the aim of expanding the brand abroad. Upcoming openings in London, Dubai and Istanbul. Meanwhile, great starred chefs are arriving in Rome where thanks to hotels…
Fourth session down for European stock markets: luxury and banks are the best sellers - Yields on the 4,7-year BTP are over 190% with the spread standing at around XNUMX basis points
The world is not able to withstand rate increases of up to 7% without plunging into stagflation: this is the alarm raised by the most important banker in the world, Jamie Dimon, number one at JP Morgan, in an interview with an Indian newspaper
Analysts see the flourishing M&A activity seen recently as possible in the coming months as well. The main aim is to have control of the supply chain and know-how
The partnership, which began in 2015, between the two companies continues. However, Apple says goodbye to the use of leather for its accessories. The straps of the French fashion house will now be made with more ecological materials, such as mesh, rubber and mesh
The Italian luxury group has created a campaign to give voice to the small and medium-sized artisan companies in its supply chain - The Minister of Business and Made in Italy Adolfo Urso took part in the event
The luxury group saw its turnover increase sharply in the first six months of 2023 and its forecasts for the rest of the year are "optimistic". Della Valle announces: "Plan for hiring young people". And the stock runs in Piazza Affari (+3%)
Analysts agree in seeing a sort of normalization of growth, often double-digit, which has characterized the sector in recent financial statements. Hermès, Richemont and Moncler are the top picks of BofA and Ubs. The Swiss institute has cut the…
Tapestry Inc, former owner of the Coach, Kate Spade and Stuart Weitzman brands has reached an agreement for the purchase of Capri Holdings, the high fashion group that controls the Versace, Jimmy Choo and Michael Kors brands. The new company achieves a turnover…
