Gucci sold more than 1 million lipsticks in the first month since the Alessandro Michele-designed line dropped in May.
At $38 each, that puts the Gucci brand at more than $38 million in retail sales for the lipstick launch. That could potentially put Gucci makeup ahead of industry projections, which estimated the collection would do more than $100 million in retail sales in the first year. Coty has held the Gucci beauty license since it bought it from P&G in 2016, and executives unveiled the Gucci numbers at the Barclays Global Consumer Staples Conference on Tuesday. Continue reading
Just two miles away from Vatican City, a bold pro-choice message was unfurled Tuesday before an international fashion public. In a darkened space in the halls of Rome’s Capitoline Museum, stone Roman faces and their gods presided over a runway where a white gown embroidered with a sequined uterus stirred a media frenzy.
It was Gucci’s 2020 cruise collection, and designer Alessandro Michele chose to make his voice heard through his most powerful weapon: needle and thread.
Amid controversial times, Michele was successful in making fashion’s voice heard. Just across the Tiber River, however, as the 47-year-old designer was putting the finishing touches on his fashion-forward collection, Pope Francis voiced his opinion on the pro-life, pro-choice debate, at a Vatican conference on Saturday. According to the New York Times, the Pope stated that abortion, even of a sick fetus, is like hiring a “hitman.”
Homage to Michele’s Roman upbringing. Models draped in veils and swathed in flowing gowns called to mind the Vestal Virgins, ancient highborns, who in Roman times took a vow of celibacy to honor the Godess Vesta. Continue reading
The Week Ahead: Will Kering Change Its Tune on Acquisitions? This week, everyone will be talking about Gucci parent Kering’s next move, fashion at Coachella and Allbirds entering China.
Every quarter, Kering reports Gucci’s sales grew a little slower and talk of the need for a major acquisition grows a little louder. To be sure, the brand is still running circles around most rivals, growing 28 percent in the fourth quarter. But Kering is a multi-brand conglomerate competing with the more-diversified LVMH. Saint Laurent, white-hot Balenciaga and McQueen may someday take the pressure off Gucci to perform, but a big acquisition would produce a new centre of value creation in a single stroke. Unfortunately for Kering, there are a imited number of targets it would take a brand
Luxury brands lowered product prices in China as a cut in the country’s VAT rate came into effect on April 1. Continue reading
Gucci, the flagship brand of French luxury and sportswear group Kering, posted a 4.6 percent rise in underlying second-quarter sales on Monday, marking a much sooner-than-expected rebound under its new creative and management duo.
Kering Finance Director Jean-Marc Duplaix said the brand had benefited from strong demand from Chinese tourists in Japan and Western Europe, while Gucci’s sales in China were boosted by discounted sales of its previous designer’s collections.
Kering’s first-half operating profit fell 5.4 percent to 773.2 million euros ($859 million), which Duplaix said was partly due to significant investment in marketing and communications at recovering sports brand Puma. Continue reading
Last Wednesday, the Gucci show launched the Milan Fashion Week. The designer Frida Giannini presented an Eccentric Hippy baba cool collection influenced from the 1970’s and really far from what we were due to expect.
Never forgets that quality is not in the fabric but also in the design. The Gucci’s brand ambassador, Charlotte Casiraghi as well as the face of Gucci’s newly launched cosmetics line and Kate Moss sat front row.
There is no question that the 70s roots of this show ran long and deep. But Giannini seemed to really be trying to bring her beloved decade forward. She did this mostly in her chosen proportions, by cropping her bell bottom boyfriend pants, inserting sexy broderie anglaise into her denim day dresses, and deciding to go with above-the-knee cocktail dresses (instead of a more traditional maxi) for her printed bead embellished silk numbers. In this way she was able to give a feather light fashion face-lift to all the hallmark looks that have a good 40 years on them.