The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
28th January at 16:00 GMT / 11:00 EST
Featuring Frederic Court, Founder, Felix Capital; Michel Campan, Chief Executive, H20 Consulting; Robert Williams, Senior Correspondent, Europe, The Business of Fashion; Tamison O’Connor, Senior Editorial Associate, The Business of Fashion in conversation with Lauren Sherman.
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The group’s flagship Prada brand grew more slowly but remained resilient in the face of a sector-wide slowdown, with retail sales up 7 percent.
The guidance was issued as the French group released first-quarter sales that confirmed forecasts for a slowdown. Weak demand in China and poor performance at flagship Gucci are weighing on the group.
Consumers face less, not more, choice if handbag brands can't scale up to compete with LVMH, argues Andrea Felsted.
As the French luxury group attempts to get back on track, investors, former insiders and industry observers say the group needs a far more drastic overhaul than it has planned, reports Bloomberg.