ART BASEL MIAMI BEACH 2019

In our American show, leading galleries from North America, Latin America, Europe, and Asia show significant work from the masters of Modern and contemporary art, as well as the new generation of emerging stars. Paintings, sculptures, installations, photographs, films, and editioned works of the highest quality are on display in the main exhibition hall. Continue reading

MONCLER OBSCURE

Moncler shares climbed 10.64 percent to 42.96 euros by noon Thursday on the Italian Stock Exchange following a Bloomberg report that Kering is holding exploratory talks to buy the luxury brand. That Kering is seriously thinking of a takeover of Moncler. It has the liquidity and it is already discussing the deal with a number of banks.

The deal could be in the range of 13.5 billion to 14 billion euros, a 30 to 40 percent premium on a capitalization of 10 billion euros. could take a matter of days, perhaps two week he forecast, viewing the deal as a response to the recent LVMH Moët Hennessy Louis Vuitton proposed acquisition of Tiffany. Continue reading

CHANEL METIERS D’ART

Virginie Viard on Wednesday showed her first Métiers d’Art line for Chanel. She chose to bring the collection back to Paris, after recent forays to New York and Hamburg, and titled it “31 Rue Cambon” in reference to the brand’s historic address, which also inspired the set codesigned by director Sofia Coppola, who sat in the front row alongside Kristen Stewart, Penélope Cruz and Lily-Rose Depp. Continue reading

AND THE WINNER IS…

We all saw them coming at the British Fashion Awards 2019. Lee’s ability to generate hype is remarkable,

Bottega Veneta was the big winner. Daniel Lee stated: “My job is to really make Bottega Veneta part of the fashion conversation, but this is a true heritage house, and that is something that moves a lot slower and in a very different way to something that’s ‘fashion’, “Trying to change this house into a fashion brand is a huge task.”

Change was a theme also reflected in the winner of the Urban Luxe category: Fenty, Rihanna’s namesake label launched last May and it represents the first major brand LVMH has founded from scratch.The collection is diverse, size inclusive and price conscious in a competitive market. “I really appreciate that LVMH is flexible enough to allow me to have a different perspective on how I want to [do] things,” she said of her financial backer.

Model of the Year Adut Akech has been a trailblazer from day one, calling out racism that still slips through the cracks, and converting her personal success story into a parable for refugees. I want to be known as someone who made a positive impact,” she told Vogue in the September Forces for Change issue, which she fronted with 14 other inspirational women. “It’s an honour to be used as an example of what diversity looks like [but] I want to be more involved with charities that are changing people’s lives.”

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BIAGIOTTI AND BALMAIN LOGO

LB Monogram. Designed by Laura Biagiotti in 1975 was reproduced in a maxi and mini version on sneakers, on combat boot and boots. Shoe laces and embroideries become shoe buckles. Both logo Balmain and Biagiotti are very confusing but money solves every problem and especially with the Quatari. Rousteing will then carry on copying every brands and everything and the Quatari will pay for it till they will be fed up and will change of designer.  Continue reading

BALMAIN CEO RESIGNATION

Massimo Piombini, who joined Balmain in April 2017 and piloted the brand through an expansion phase, is leaving the firm. Balmain confirmed that Piombini is leaving for personal reasons, and added that a new chief executive officer would join the company in February.

"Under his leadership the company has experienced a significant growth and organizational evolution, setting a solid basis for further growth of the brand in the next years, Balmain said in a statement. The house wishes him well on his future endeavors."

It is understood that turnover at the Paris-based house almost doubled over the past three years. During Piombini’s tenure, Balmain opened boutiques in Paris, Hong Kong, Moscow, São Paolo and Miami, and it signed a lease for a New York flagship, which is slated to open in the first half of 2020. Continue reading

ULTRA HIGH NET WORTH INDIVIDUALS

Despite a recent contraction in fine art sales and fluctuations in jets and yachts, demand for luxury continues to grow. The global luxury market is expected to reach 1.26 trillion euros in 2019, up 8 percent compared with the previous year, or 4 percent at constant exchange rates. Expectations of 3 to 5 percent annual growth at constant exchange rates through to 2025 for personal luxury goods, with sales reaching between 335 and 375 billion euros.

In 2019, China is showing a 30 percent growth, confirming Chinese customers & purchases redirected locally, followed by the rest of Asia and Japan. Impacted by social unrest, Hong Kong is declining by around 2 billion euros compared with 2018. The Chinese are leading 90 percent of growth in 2019.

The Millennials (the Y generation) and the Z generation contributed to 100 percent of the market growth in 2019. Gen Y is expected to reach 50 percent of market value in 2035. And it is in China and in South East Asia that they show they are most dynamic and attracted by the personal luxury goods. Continue reading

GIVAUDAN ACQUIRE INDENA

Swiss fragrance and flavors supplier Givaudan said Tuesday it has reached an agreement to acquire the cosmetics business of Italian company Indena.

Headquartered in Milan, Indena is specialized in the identification, development and production of high-quality active ingredients derived from plants, to be used in the pharmaceutical, health food and personal-care industries. Backed up by almost a century of botanical experience, the company counts four manufacturing locations employing around 800 people, sales activities in more than 80 countries and holds more than 100 primary patents.

According to Maurizio Volpi, president of Givaudan’s fragrance division, this operation will be strategic for the company as Indena has “an excellent reputation in the market, thanks to the quality of their ingredients, their strong focus on innovation as well as the mastering of their supply chain. Continue reading

DROUANT HAS REOPENED

Opened in 1880, Parisian restaurant Drouant is open. The historical 1,475-square-foot establishment, which sits just next to the Opera Garnier in the second arrondissement of Paris, needed to be finished in time for the Goncourt Prize, a prestigious French literary ceremony that has been held in a private salon on the upper level of the restaurant every year since 1914.

The race was completed on time. On Nov. 4, author Jean-Paul Dubois was honored in a freshly redecorated Goncourt salon, following the footsteps of previous laureates Marcel Proust, Simone de Beauvoir and Leïla Slimani, who won the prize in 2016 for her haunting novel “Lullaby.” The restaurant, helmed by chef Emile Cotte, officially reopened to the public on Nov. 12. Continue reading

WHAT AN INFLUENCER ACTUALLY

As the fashion sector struggles to define what an influencer actually is, organisations like the Federal Trade Commission in the United States are cracking down on false influencer advertising. In other words, if an influencer has been paid to wear a brand’s clothing, they will now be obliged to say so.

On Wednesday, Carlo Capasa, the head of Italy’s fashion chamber, said the time has come for “influencers” to specify whether or not their clothes have been borrowed or gifted to them in exchange for monetary retribution.

According to a Eurostat survey from 2017, the uses of hashtags and promotion of brands through influencers on social media has significantly increased since 2013.

Camera Nazionale della Moda Italiana published a report last week entitled “Influencer Guidelines and Interpretive Rules for Influencers.” Continue reading