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.
The Italian influencer and entrepreneur’s “knowledge of the world of young people will be extremely valuable” to the maker of suede driving loafers and Roger Vivier heels, Tod’s president Diego Della Valle said in a statement.
Naming famous board members has become a trend for companies seeking to enhance their cultural relevance or burnish their reputation on key topics like inclusion or women’s empowerment. Actress Emma Watson joined Gucci-owner Kering’s board last year, while tennis champion Serena Williams sits on the board of Poshmark.
Having leveraged her audience of 23 million Instagram followers to build a namesake apparel line, Ferragni brings expertise on selling fashion on social media in addition to celebrity clout.
Boosting its digital capabilities is a focus for Tod’s as the company seeks to bounce back from a deep pandemic slump. Group revenue fell 30 percent last year to €637 million euros ($758 million).
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Editor’s Note: This article was revised on 10 April 2021. An earlier version stated that Tod’s reported 2020 revenue of €298 million. That is incorrect. Tod’s Group full-year consolidated sales were €637 million.
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.
After growing the brand’s annual sales to nearly €2.5 billion, the star designer has been locked in a thorny contract negotiation with owner LVMH that could lead to his exit, sources say. BoF breaks down what Slimane brought to Celine and what his departure could mean.