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.
8th December at 18:00 GMT / 13:00 EST
Featuring Achim Berg, senior partner of McKinsey & Company in conversation with The Business of Fashion founder & CEO, Imran Amed. Amed and Berg will go deeper into the key findings from this year’s report and explain how business leaders should prepare for the new and persisting challenges and fresh opportunities to grow and evolve in the year ahead.
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The luxury goods maker is seeking pricing harmonisation across the globe, and adjusts prices in different markets to ensure that the company is”fair to all [its] clients everywhere,” CEO Leena Nair said.
Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a broader slowdown in demand for the sector.
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.