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1 week ago | 
kfgo.com | Tassilo Hummel |Elisa Anzolin
By Tassilo Hummel and Elisa AnzolinPARIS -In trying to reduce Kering’s over-reliance on struggling flagship label Gucci, French billionaire Francois-Henri Pinault has created another problem, as a string of acquisitions piled up debts just as the industry entered a prolonged slump.
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1 week ago | 
money.usnews.com | Tassilo Hummel |Elisa Anzolin
ReutersA building acquired by Kering for its Gucci brand, as part of a wider push into real estate, stands in Paris, France May 28, 2025. REUTERS/Abdul SaboorBy Tassilo Hummel and Elisa AnzolinPARIS -In trying to reduce Kering's over-reliance on struggling flagship label Gucci, French billionaire Francois-Henri Pinault has created another problem, as a string of acquisitions piled up debts just as the industry entered a prolonged slump.
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1 week ago | 
marketscreener.com | Tassilo Hummel |Elisa Anzolin
PARIS -In trying to reduce Kering's over-reliance on struggling flagship label Gucci, French billionaire Francois-Henri Pinault has created another problem, as a string of acquisitions piled up debts just as the industry entered a prolonged slump. Those debts are getting harder to manage, with Kering shares down 60% over the past two years and U.S. President Donald Trump's tariff threats dashing hopes of a sector rebound, and are weighing on the group as it vies with deep-pocketed rivals.
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2 weeks ago | 
zawya.com | Elisa Anzolin
European luxury shares tanked on Friday as U.S. President Donald Trump said he is recommending a straight 50% tariff on goods from the European Union starting on June 1. Europe's luxury industry, producing handbags, shoes, fashion items and champagne among other prized goods, is highly exposed to the U.S. market, which was seen as the sector's best hope for growth this year as Chinese demand lags.
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3 weeks ago | 
insideretail.asia | Elisa Anzolin
Sales at Salvatore Ferragamo fell in April, the Italian luxury goods group said on Wednesday as it posted a 1 per cent revenues drop for the first quarter hit by weak demand in the Asia Pacific region. The quarterly change strips out the impact of currency moves. Net sales plunged almost 14 per cent in the Asia Pacific area. Trade tensions making US shoppers more cautious also played a role.
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3 weeks ago | 
jp.reuters.com | Mimosa Spencer |Elisa Anzolin
５月１４日、コンサルタント会社ベイン・アンド・カンパニーは、２０２５年の世界の高級品売上高が前年より２─５％減るとの見通しを示した。写真はパリのグッチ店舗前で４月撮影（２０２５年 ロイター/Abdul Saboor） [ミラノ/パリ １４日 ロイター] - コンサルタント会社ベイン・アンド・カンパニーは１４日、２０２５年の世界の高級品売上高が前年より２─５％減るとの見通しを示した。昨年１１月に発表した前回予測は、横ばいから４％増になるとしていた。 ベインは高級品市場が「複数の軸にまたがる、より複雑な乱気流」に見舞われていると指摘。今年に入ってから３カ月間の経済的圧力と価格面での疲弊が見られたとし、消費者はブランドがより創造的な新製品を投入することを待っていると言及した。 中国市場で不動産危機が重くのしかかり、米国では経済の先行きが不確実で消費者の買い控えが起きている中で、高級品業界の売り上げは数年ぶりの落ち込みとなっている。そんな中でグッチやシャネル、ディオールなどの最高級ブランドは、新しいデザイナーを起用した。...
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3 weeks ago | 
reuters.com | Mimosa Spencer |Elisa Anzolin
MILAN/PARIS, May 14 (Reuters) - Sales of luxury goods worldwide are likely to fall between 2% and 5% this year, consultancy Bain & Co forecast on Tuesday, sharply downgrading its previous estimate for 0-4% growth and signalling further gloom for the sector after 2024's 1% drop. Ahead of its closely-watched spring report, Bain said the luxury market was experiencing "more complex turbulence across multiple axes". Sign up here.
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3 weeks ago | 
today.westlaw.com | Elisa Anzolin |Valentina Za
MILAN (Reuters) -U.S. private equity group Carlyle Group is expected to clinch in the coming days an accord to sell Italian fashion brand Twinset to local investment firms Borletti Group and Quadrivio, two sources close to the matter said on...
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1 month ago | 
money.usnews.com | Elisa Anzolin
By Elisa AnzolinMILAN (Reuters) -Net revenues at Italian luxury group Prada rose 12.5% at constant exchange rates in the first quarter, thanks to a 60% jump in retail sales at its smaller brand Miu Miu, defying a slowdown in luxury goods demand. The group, which this month struck a $1.38 billion deal to buy smaller rival Versace from Capri Holdings, has been outperforming most of its peers. French luxury groups LVMH and Kering both posted declining sales in the first three months of the year.
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1 month ago | 
afr.com | Nora Eckert |Kalea Hall |Elisa Anzolin
New York | The ripple effects of Donald Trump’s global trade war are being felt across numerous industries all at once, and on Wednesday (Thursday AEST) were once again exerting pressure on US stock markets. Stocks fell broadly, with tech stocks hit particularly hard after bellwethers like Nvidia that are highly tied into the world’s supply chain warned of hits to their bottom line. Loading... ReutersFollow the topics, people and companies that matter to you.
