So Jimmy Choo is up for sale. Well, that was a surprise as there doesn’t seem to be an obvious catalyst. Sales like this usually happen if the owners are throwing in the towel or if business is powering ahead and they see the potential for chasing in with massive profits. Actually, it seems that…
Some time ago I worked with a catwalks editor (yes, such things do exist) who hated covering the pre-collections. She had to be weaned (for ‘weaned’ read ‘prised’) off covering the far-less-relevant/commercial couture shows. After all, the couture shows were an anachronism, a flickering remnant of a long-dead past, a patently unfair indulgence of interest…
What did Jimmy Choo do right last year? Just about everything it seems. The luxury firm said this morning that it had a record year and was on a roll as far as shoes, men’s product, accessories (especially its Lockett bag) and licensed products like perfumes and eyewear went. OK, it wasn’t a perfect year…
Luxury stores need to put the brakes on their expansion plans and get used to the new reality. That’s the conclusion of a new report from Boston Consulting Group (BCG). Now, the natural response to that might be “tell me something I don’t know”. But it’s interesting. The fact is, department stores, big chains and…
Kering’s Q3 sales figures are out and what have we learned? Gucci’s doing well, no make that GREAT. And Saint Laurent is doing even better for the luxury conglomerate that’s the one to watch these days, even though it used to be a little dull compared to rival LMVH.
Global uncertainty on too many fronts is keeping the luxury market in standby mode at the moment. Even the sector’s big spenders are worrying about terrorism, the oil market, the US presidential election, Brexit, and this currency going up or that one going down. So it all adds up to tough time for the sector. Well,…
But they’ll be able to reduce their carbon footprints at Selfridges soon as the retailer is teaming up with British car firm Morgan to launch a no-emissions electric car with a “concept to retail” sustainability trail.
The luxury sector is closely watched at the moment to see who’s up and who’s down (Gucci’s up, obviously, and Prada’s down) but Chanel is usually one of those brands that just goes on and on, rising above the herd. So it says something about the state of the luxury market when even Chanel’s sales…
There’s a huge buzz around this runway season as it’s the one where the whole ‘show now, buy now, wear now’ movement really kicks in. And there’s a huge buzz around the ad campaigns that are being released thick and fast at the moment. So when Burberry releases teaser images from its upcoming collection via…
Michael Kors and Ralph Lauren have a headache. Their very American versions of luxury and their close links to department stores just aren’t delivering growth these days.
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