The Spring-Summer ready-to-wear 2017 has the smell of an old sadler. The new artistic designer Nadège Vanhée-Cybulski failed with the code of Hermès. It seems that when she conceive the collection, she completely forgot who were the clients and in due fact the clients will forget Hermès.

The ugliness of the collection reflects the ill-being of the firm. More than an ill-being, it the industrialization and the change of economic model which disrupts the culture of the company. When the culture of a firm is not respected, the group becomes a MacDonald or in Vuitton. That’s the way it is.

In my opinion, the cocktail which consists to continuously give more money to the shareholders on less quality products is a cocktail which will lead the company to an end. It cannot happen in a brand like LVMH where brands in deficit rely on profitable brands. That cannot happen in a mono brand like Hermès. Continue reading →

The 38th Parisian collection of ready to wear created by Fatima Lopes get its inspiration by the amazing and magical aesthetic of Birds.

Enchanted by the harmony and the elegance of the colours association, often unexpected but always graceful, the designer created aerial and colourful silhouettes which combine lightness and nobility because of the choice of the fabrics, and strong architecture of the pattern which remind the steep lines of bird’s beaks.

The colours embrace each other in an explosion of bright and fruity colours such as raspberry, grapefruit, emerald green, red and so on.
Important is as well the utilisation of more neutral ones as nude and black, bringing balance to the palette through them pureness.

Among Beach and Cocktails, the superposition of silk’s chiffon layers plays with the transparencies and engage the clothing into a game a see through which show only lightly the body shapes.

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Amazon will be in France the new digital retailers. That is why Galeries Lafayette announced on Thursday its control over the French clothing and home furnishing catalogue, La Redoute.

It is the start of a move of Department stores to face Amazon. Department stores like Galeries Lafayette are the right balance between physical stores and digital offerings.

La Redoute, which historically belonged to Kering, is a household name in France, selling a broad selection of clothing and furniture. Kering exited the business in 2014 as part of a broader strategy to focus on brands with global appeal, selling the company to La Redoute managers. Continue reading →

Unlike its main competitors, LVMH and Kering, which last year both posted record growth, in 2016 Chanel suffered a fall in sales and profits. After years of steady growth, Chanel indeed continues to slow down. As in 2015, last year the French fashion label, led since 1983 by Creative Director Karl Lagerfeld, saw its net income plummet by 34.8%, down to $874 million (€736 million), while its revenue lost 9%, reaching $5.67 billion (€4.77 billion).

According to the group, the downturn is chiefly explained by the sale of its Chanel Limited UK subsidiary, which accounts for approximately 11% of sales, to another Chanel-owned corporation. “On a like-for-like basis and at constant exchange rates, the results were on par with 2015,” wrote the group in its yearly report, noting also how, among other reasons, in the first part of the year Chanel was affected by the terrorist attacks in Europe, which “had a negative impact on tourist flows and consequently sales.” Continue reading →

Last week, Louis Vuitton joined the online market likes of Burberry, Gucci and Michael Kors still dominated by local China giants such as Tmall and JD.com.

“This was expected and somewhat overdue — clearly a good sign that the European megabrands are finally entering the Chinese luxury digital market,” said Luca Solca, head of luxury goods at Exane BNP Paribas.

Rogerio Fujimori, analyst at RBC Capital Markets, agreed it was a logical move, since Chinese consumers are increasingly making luxury purchases at home, taking advantage of narrowing price differentials and Chinese government initiatives to streamline customs procedures for e-commerce.

“There is a structural trend toward repatriation in general, and within China, like in any other market, there is a shift to omnichannel, a shift to mobile,” he said. “You have the Millennial segment that is more digital-influenced, that will grow older and they’ll carry on those habits, so I think they’re adapting.” Continue reading →

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Louis Vuitton is extending its vocational training model to Italy through a partnership between the Institut des Métiers d’Excellence (IME) and the Italian fashion and design school Polimoda, aimed at training leather-goods artisans.

Founded in 2014, the IME program is involved in schooling more than 200 young people in areas including jewelry, dressmaking, winemaking, leather goods, culinary arts, watches, luxury retail and design together with partner institutions in France and Switzerland.

They include BJO Formation in Paris for jewelry, the École de la Chambre Syndicale de la Couture Parisienne for fashion and the Ferrandi Paris school for gastronomy. Polimoda becomes the first Italian school to join the initiative, beginning with the 2017-2018 school year. Continue reading →

The recent management shake-ups at Richemont Group just took an unexpected turn. The luxury conglomerate, which owns brands the likes of Cartier, IWC and Vacheron Constantin, announced earlier today that its head of watchmaking, marketing and digital, Georges Kern, has resigned, effective immediately.

Kern, who has been with the Swiss luxury group for 17 years, only assumed this latest role less than four months ago.

He has also stepped down from the Senior Executive Committee and the Group Management Committee, and will no longer be standing for election to the Board of Directors of Compagnie Financière Richemont SA at the forthcoming annual general meeting of shareholders. Continue reading →

Olivier Lapidus from latin ‘lapideus’, meaning ‘made of stone, 59 years old, is a french designer quite known in France but almost unknown in the world has been appointed on Monday as the new artistic director of Lanvin.

He is expected to present his first Lanvin collection in September for the spring 2018 women’s ready-to-wear season,.

The company, founded by Jeanne Lanvin in 1889, has been majority owned since 2001 by Taiwan-based media magnate Shaw-Lan Wang. It has seen sales erode for several years which has been leading to financial difficulties.

Besides the minority shareholder Ralph Bartel and investment banker Pierre Mallevays of Savigny Partners, both board members, have submitted letters of resignation to disassociate themselves from Wang’s decisions and governance as Wang did not go through a proper process using professional advice from a talent search firm. Continue reading →