From shoes to handbags to ready-to-wear, the price of designer fashion has increased precipitously over the last decade. What’s driving the rising prices? And how high can they go?
Market sentiment has turned back in favour of the luxury sector, driven by solid second quarter results, reports Pierre Mallevays of Savigny Partners.
PARIS, France — Kering SA, the owner of luxury brands Gucci and Bottega Veneta, says its profit slumped 64 percent in the first half of the year due to a loss on the sale of its French books-and-music chain Fnac.
PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, and Gucci owner Kering SA reported accelerating sales growth as the industry rebounded from a weak start to the year.
PARIS, France — Kering SA, owner of the Gucci brand, reported first-half profit that beat estimates as accelerating luxury-goods revenue compensated for lower sporting-goods sales.
In recent years, the number of fashion companies that have gone public or been acquired by large luxury groups has accelerated dramatically. What’s driving the deal flow?
MILAN, Italy — Cavalli Group, the Italian fashion house that dressed actress Jennifer Hudson at the Oscars, ruled out selling a stake any time soon, resisting interest from industry buyers, wealthy families and private-equity firms.