John Richmond is back on its way and starts a new course by entrusting its development to the Blue Skye Investment Group fund, which acquired a majority share of the capital of Fashioneast, the company that owns the John Richmond Brand, in October 2016.
Novelties include the entry of Arav Fashion (the company that owns the Silvian Heach and Silvian Heach Kids brands) as the brand manufacturer and distributor.
For further enhancement of the restored, yet uninterrupted course, British fashion designer John Richmond, the original founder of the homonymic brand, is confirmed as the Creative Director of all the collections and the soul of the style office, thus conveying a sign of continuity to the brand.
The stage for the official re-entry is Pitti Bimbo 84 in Florence, which sees the launch of the new John Richmond Jr Fall-Winter 2017-2018 collection designed for kids aged 2 to 16.
The collection includes 350 items with neat lines, often mitigated by ironical references to the glam-rock style that conveys the liveliness and new freshness of the brand.
"The wish to dress children in a playful way while interpreting their deepest needs. Dressing rather than disguising. Kids just need to have fun!”, says Richmond.
With this return to the high-prestige kids’ fashion show, the new John Richmond Jr collection introduces a renewed style that blends together classic items: blazers, sweatshirts, crew-neck sweaters, fleece pants, 5- pocket jeans with more fashionable and rock styles like gold mini-biker’s jackets, an eco-fur coat with references to the Swinging London, a quilted bomber jacket, jeans decorated with old-style patches creating a nonconventional look, sometimes pervaded with oriental notes, also with a pop touch.
IO Ivana Omazic is the name of the demi-couture collection dedicated to the woman. Original and timeless creations made of research and design, high quality materials, artisanal techniques and fine manufacturing.
"IO Ivana Omazic ethics goes beyond the concept of Slow Fashion. It is a new aesthetics of the future which redesigns the outline of the ancient crafts to avoid simply homogenization", the company says.
Born in Zagreb 43 years ago, Ivana Omazic has lived for a long time between Milan and Paris. Ivana boasts collaborations such as Prada, Céline and Margiela. In 2015 she decides to return to her origins, and to begin a new adventure. In Zagreb, in a wonderful location near a wood, Ivana opens her workshop atelier, surrounding herself with a team of artists, designers, experienced craftsmen in various fields and starts her project. Thus IO Ivana Omazic is born.
Development in the Middle East
The new boutique Ermanno Scervino, located in the Mall’s first floor, extends over a surface area of 100 square meters and recalls the Maison’s typical design concept, like grey Venetian style stuccoes, smoked glass walls, hangers and shelves supported by black steel structures.
“The opening in Kuwait City has been a fundamental step of our retail development in the Middle East
and we are glad to confirm our presence on the territory with this event. Al Ostoura is an important
partner to us for its seriousness and reliability. I am sure we’ll deliver very important results together”, said the Group’s CEO Toni Scervino.
The Ermanno Scervino Maison was founded in Florence in 2000. With 48 boutiques around the world,
300 direct employees and a total of around 1,500 including suppliers, the Ermanno Scervino brand is
positioned in the top market bracket for a luxury ready-to-wear.
Innovative Air Taxi
Blink announces that it is combining with Wijet to create the world’s largest air taxi company, with an enterprise value of €45m. The transaction will see the respective fleets being brought together into the same company and based all across Europe. With the scale that fifteen Cessna Mustang very light jets provides, the true efficiencies of the air taxi service can be realised.
Blink will join Wijet on the innovative real-time booking platform OpenJet. This will allow the newly created group to offer customers a new level of flight optimization and an even more compelling price.
The company will have joint CEOs, Corentin Denoeud and Cameron Ogden, combined revenues in 2016 of €18m and are predicted to be €28m in 2017 with 11,000 flights and 16,000 passengers.
The scale will also provide corporate customers with the comprehensive coverage required to efficiently move executives around western Europe.
Near the top
Marco Valle is the new Managing Director of Azimut Yachts Business Line. 48 years old, from Trieste in northeastern Italy, Valle joined Azimut|Benetti in 1996, in the sales department of Azimut Yachts. "The designation by Vitelli family and Tamburi Investiment Partners, the main shareholder of Azimut|Benetti Group, comes in full accordance with Ferruccio Luppi, Group CEO, and with full assent of the Board of Directors", the company says.
With this appointment Valle takes on the responsibility of the economic and administrative results
of the business line, according to the Group guidelines.
New manager in La Perla
Founded in 1954 by the talented corsetry maker Ada Masotti, La Perla is the leading Italian lingerie and beachwear maison. In the second half of 2013, the company was acquired by Pacific Global Management, owned by Silvio Scaglia’s family holding and already active in the fashion industry through the world largest model management network, operating under the brands Elite, www.laperla.com.
The designer Julia Haart takes over from Pedro Lourenço, who completed his contract in July 2016.
She will continue the brand evolution this season into women’s Ready-to-Wear.
Haart is a rare female Creative Director in the industry, and has a strong connection to La Perla’s brand heritage, born from the vision of female creator Ada Masotti. Haart, with the established design team’s support, will be Creative Director overseeing lingerie, sleepwear, beachwear, accessories and menswear lines.
He was the great weaver of the agreement between Europe Design Center and Jd.com, Chinese e-commerce portal, which in 2015 made it possible to meet the high Italian fashion with that of the Dragon.
Mario Boselli, the honorary president of the National Chamber of Italian Fashion (CNCI) with responsibility for internationalization, is promoting through the world the best of creativity and production of Made in Italy fashion.
Born in Como in 1941, married with three children, Boselli was during 15 years the president of the Chamber of Fashion until April last year, when he passed the baton to Carlo Capasa, founder of the Costume National brand.
Boselli (who was president of Federtessile, the International Milan Trade Fair and Association of Silk International, Lyon), as president CNCI has mixed with sagacity his entrepreneurial skills expert conoisseur of world markets to promote the Italian fashion.
He entered the company led by his father, Carlo Boselli, of Garbagnate Monastero (Lecco), in 1956.
Four years later, after his father's death, he took over the management and in the following decades made a significant development of the company, in Italy and abroad. From 16th to 19th March 2016 it was held in Dubai the second edition of the Arab Fashion Week, organized by the Arab Fashion Council, in partnership with Huawei Arabia presented by Boselli to promote another significant event in favor of Italian fashion in the world.
News by Perini Navi
Perini Navi, world leader in the design and construction of sailing and motor yachts, announces the recent nomination of Luca Boldrini as Sales Director of Picchiotti, the Group’s motor yacht division.
Luca Boldrini, born in 1975, has accumulated a experience around the world throughout his career in sales management in the motor yacht industry.
Showroomprive.com announces the first edition of Weareable Awards. The aim of the awards is to recognize and promote the development of four projects related to business startup or fashion industry and the digital (Fashion Award, Experience Award, Relation Award, Special Award and a Grand Prix).
Applications from Italy are open until January 10, by registering at the link www.weareable-awards.com.
The awards are inserted within a week dedicated to innovation in the fashion organized by Showroomprive. WEAREABLE will take place between 9 and 14 February 2016 at the Gaïte Lyrique, the center of art and modern music in Paris opened in 2010. It will be an event to celebrate innovation in fashion and distribution with the aim of promote meetings between interdependence of technology and creation.
Sfizio enters the German market.
The brand Sfizio distributed by Plissé S.p.A. (located in Piombino Dese in the province of Padua and founded by Morena Bragagnolo and Paolo Mason in 1988) is strengthening its presence in Bavaria thanks to its partnership with Zwettler Modeagentur that began in the summer.
The Munich-based agency managed the presentation of the Sfizio Spring-Summer 2016 collection for the German market. Orders from 40 customers have already been concluded to date, totalling 1,700 garments sold. Sfizio is a young trendy label, with very cosmopolitan “Made in Italy” appeal.
Plissé has focused its strategy for the coming season on distributing in the Düsseldorf region and on expanding to northern Germany through new agency partnerships. Up to now, the results achieved provide a solid foundation for increasing sales and customers also in Bavaria and southern Germany. "Over the next 4 seasons, we aim to gradually reach a turnover of 1,000,000 euros per year", comments Mason, President of Plissé spa. The Italian maison is now present in many foreign markets including Russia, USA, China, Japan and Spain. The Plissé brands are distributed through a network of 1,300 retail outlets worldwide, including 800 in Italy.
In 2015, the company has developed a total turnover of about 17 million euros, +15% on the previous year. By the end of
2016, Plissé estimates growth with a total turnover of about 20 million euros, driven by an increase in orders, which, for spring/summer 2016, has amounted to +25% in Italy and +22% abroad.
The accord’s focus is on the Ducati Scrambler, the brand created to interpret the values of the iconic 1970s motorcycle that was launched in the U.S.
The partnership, one in which Italia Independent and Ducati joined forces for the first time, unites the two brands as a single team bound by their creativity and original design, the true strengths behind Made in Italy.
"I’m thrilled with this accord that symbolizes outstanding work both in design and technology and is a true union of two companies that share many values, having a strong sense of tradition but always looking forward. Two worlds that are different but not so far apart as one might think, coming together to make products conceived in Italy but of worldwide scope," commented Lapo Elkann, Co-Founder and Chairman of Italia Independent.
The products developed through this partnership will be revealed in Miami in December at an event to be held during Art Basel. To seal the agreement and ensure that the products developed together are as distinctive as possible, a special logo has been created to show how the two different brands have come together in this project.
Deal between Collistar and Fiat
The first make-up collection deriving from a partnership between Collistar and a Fiat has been presented in Cannes at the TFWA World Exhibition. The star is the new 500, the latest version of the most iconic Fiat car in the world.
"For Fiat the challenge was ‘steering’ their little baby into the world of cosmetics, and for Collistar it was getting to grips with a make-up project that had to be shaped to keep it in line with a lifestyle and a car that people feel an emotional connection with", the company says.
The two brands have joined forces for TI AMO 500, the new limited-edition Spring-Summer 2016 make-up collection, the third leg in the TI AMO ITALIA project.
Italian Women Prefer Paris
Paris ends up being the favorite destination of Italian women who are looking for somewhere to spend a glamorous weekend during the fashion show week period. This is what was revealed by a survey carried out by Showroomprive.it, one of the players in the European private on-line sales market, which asked a sample of 1.000 Italian women to decide which of the world’s four fashion capitals they’d choose for a weekend.
Paris and New York are the most yearned-for cities chosen by the women interviewed. The French capital beats, even if only by a little, the US metropolis. According to the survey 37,6% of women would like to spend a few days during fashion week in France, while 36,8% would like to be in the US. Paris, with its elegant and retro style, also wins over London and Milan, in the chart resulting from the survey, are positioned close together.
Among the world’s fashion week Big Four where Italian women would like to spend a weekend, London is third with 14,1%, followed right afterwards by Milan, which is preferred by 11,5% of the women who took part in the survey.
For the first time in the cruise industry an American female will take the helm of a mega-ton cruise ship. At 37 years of age, San Francisco native Kate McCue will command Celebrity Summit a 91,000-ton, 965-foot ship in the Celebrity Cruises fleet, sailing between the eastern United States and Bermuda. As Captain she will be responsible for the safe navigation of the ship and the onboard experience of its 2,158 guests and 952 crew members.
The modern luxury cruise brand, which operates a fleet of 10 ships, has elevated McCue to the position of Captain based on her 15 years of experience in the maritime industry. During her tenure she has managed ship logistics while sailing worldwide itineraries including Europe, Asia, Australia, the Caribbean, the Pacific Northwest and Alaska and along the Panama Canal.
Clessidra acquires 90% of the Florentine maison Roberto Cavalli
The agreement is for the acquisition of a 90% stake in the Florentine fashion house capital by a newly established company called Varenne. The founder Roberto Cavalli will hold the remaining 10%. Among the shareholders of Varenne, a company of which Clessidra holds the absolute majority, there are some co-investors with minority stakes, including the international investment firm L-GAM and Chow Tai Fook Enterprises Ltd, a Hong-Kong based holding company controlled by the Cheng family.
The Roberto Cavalli deal is the first operation carried out through the third managed fund Clessidra Capital Partners 3 (CCP 3). Embracing the philosophy that has characterized the management of previous funds, CCP 3 will be mainly devoted to investments in the Italian market.
Clessidra’s Executive Vice-Chairman Francesco Trapani will be the Chairman of Roberto Cavalli S.p.A.. He was the CEO of Bulgari for over 25 years, then CEO of the Watch and Jewellery Division at LVMH.
Renato Semerari will be the CEO of Roberto Cavalli S.p.A.. Until today, Semerari served as President of the New York Stock Exchange-listed multinational Coty Group. Prior to joining Coty, Semerari served as the CEO of Guerlain and as the President and CEO of Sephora Europe, both companies of the LVMH group.
Norwegian designer Peter Dundas was appointed as creative director at Roberto Cavalli last March.
Dividend distribution by Ferragamo
The Consolidated Financial Statements as of 31 December 2014 showed Total Revenue of 1,332 million Euros (+6% versus 2013), EBITDA of 293 million Euros (+13%), EBIT of 245 million Euros (+12%) and Net Profit of 164 million Euros (+2%), including 7 million Euros of minority interest.
A dividend distribution of 0.42 Euro per share (+5% on the 0.40 Euro per share of the previous year), with ex-dividend date on May 18, 2015, record date on May 19, 2015 and payment date on May 20, 2015;
Board of Directors, establishing that the Board shall have 13 members whose mandate shall last three years. The new Board of Directors is thus formed by the following Directors, elected from the sole list submitted by the controlling shareholder Ferragamo Finanziaria S.p.A., which holds 57.748% of the Company's share capital (the 3,036% of which without the right to vote): Ferruccio Ferragamo, Giovanna Ferragamo, Michele Norsa, Fulvia Ferragamo, Leonardo Ferragamo, Diego Paternò Castello di San Giuliano, Francesco Caretti, Peter K.C. Woo, Piero Antinori, Marzio Saà, Umberto Tombari, Chiara Ambrosetti and Lidia Fiori.
Vicenzaoro Dubai opening
The first edition of Vicenzaoro Dubai, the new event for the international gold-working and jewellery industry, opened at the Dubai World Trade Centre (DWTC). This event starts a new chapter in the jewellery sector on a global scale and confirms Dubai as the jewellery capital in the reference macro-region, as well as one of the major world centres for luxury.
Vicenzaoro Dubai maked its debut as a B2B platform dedicated to jewellery leaders in the markets of the Middle East, Africa, Central and South-East Asia and Russian-speaking countries. Over 500 brands from 20 countries are taking part.
Making an appearance at the opening ceremony for the new Super Show was His Highness Sheikh Hasher Bin Maktoum Al Maktoum, Director General of Dubai's Department of Information.
Speakers at the press conference to present VICENZAORO Dubai included Ahmed Al Khaja, DWTC Senior Vice
President, Venues, Matteo Marzotto, President of Fiera di Vicenza, Corrado Facco, Vice Chairman of DV Global Link and Fiera di Vicenza Managing Director and Emanuele Guido, General Manager of DV Global Link. Vicenzaoro Dubai partners also took part: Ahmed Bin Sulayem, Executive President of Dubai Multi Commodities Centre (DMCC), Tawhid Abdullah, President of Dubai Gold and Jewellery Group (DGJG), and Pankaj Parekh, Vice President of Gem Jewellery Export Promotion Council (GJEPC).
New health management
Les Roches International School of Hotel Management launched a new specialization in Spa and Health Management focused on the business and operational aspects of spa and health management, health and aesthetics, spa medicine and hotel spa services. The specialization is designed to prepare students to enter an industry which is experiencing double-digit growth worldwide. Les Roches’ collaboration with Genolier Swiss Medical Network (GSMN) and ESPA, two recognized industry leaders, will allow students to apply everything they learn on campus at Les Roches through hands-on experience and internships.
According to the Global Wellness Tourism Economy 2013 report, during the next five years the sector will grow at almost double the rate of global tourism, totaling $678.5 billion in 2017. In 2012, wellness tourism accounted for 1.8% of the world’s GDP, creating 11.7 million jobs accounting for $1.3 trillion global economic impact. The main driver of this growth will come from Asia, Latin America and the Middle East/North Africa, which are all regions that will recruit graduates whose talents offer a level of excellence and in-depth expertise.
The Bachelor of Business Administration in International Hotel Management with a specialization in Spa and Health Management is a seven-semester program offered at Les Roches campus in Bluche, Switzerland, that provides a unique immersion into the spa and health industry. Students will visit ESPA-branded spas in London, experience best practice and conduct an integrated business project. Courses will focus on current and future trends, sustainability and environmental issues, retail spa operations, history and philosophy, as well as the business and leadership dynamics of this industry. Les Roches students will also spend two days visiting one of the GSMN’s clinics in Genolier, near Geneva to learn from experts about working in a high-end health management company.
Bet on international markets
Lumberjack (by footwear turkish group Ziylan Group), aims to grow on international markets.
The goal is an increase in turnover of 30% by the end of 2015 and to increase volumes by touching the 1.4 million pairs of shoes produced against 1 million in 2014.
"These goals are the result of a consolidation of the domestic market and especially the doubling of turnover in the European and world markets to the end of 2015," Ceo Andrea Vecchiato, says at Micam in Milan.
In Italy the brand will enhance its image with media investments. The goal is to push the company with 150 shop-in-shops. Lumberjack will expand in less explored markets such as South America.
Sponsorship in Winter-sports
Italian original sports brand, Kappa Korea, which is led by Ceo Peter Min, starts its official sponsorship activities for the Korea Ski Association.
Kappa Korea and Korea Ski Association together with Sema Sports Marketing, which is the official marketing agency of KSA, held a signing ceremony for the sponsorship and entered into the contract in the conference room of Kappa Korea HQ on 29th January.
Kappa Korea will support the core Winter sports games such as Alpine Ski, Cross Country Ski, Ski Jump, Snow Board and Nordic Combined during the four years of contract period.
By signing the sponsorship contract with Kappa Korea, Korea Ski Association, which is aiming to win the first medal in the Olympic Ski games, got a supporter for its project.
A new agreement in Jewellery
The agreement was signed by Matteo Marzotto, President of Fiera di Vicenza and Licia Mattioli, ending Presidnet of Women’s Jewellery Association Italy and President of Federorafi (the Italian goldsmith and silversmith association).
"The collaboration between Fiera di Vicenza and WJA Italy provides for the creation of a network that will assist WJA Italy’s members in making useful contacts to support and develop their businesses, both nationally and internationally", the company says. "In order to promote WJA Italy’s values and activities, Fiera di Vicenza will formulate a marketing plan, including the creation of a dedicated advertising campaign involving social media, the web and promotion through the VO+ magazine".
During a meeting at which was approved the appointment of Alba Cappellieri, Professor in Jewellery Design at the Milan Polytechnic and the Director of the Vicenza Jewellery Museum as the new President of the Women’s Jewelry Association Italy.
Rossignol reinforces apparel business strategy by welcoming Sandbridge Capital as an Investor
Sandbridge Capital is taking a minority position alongside majority shareholder Altor (Altor Fund III), the Nordic investor with valuable experience in the outdoor sector and textile field. Other current shareholders include French investment company Weber Investment, the Boix-Vives family, the historic owners of the Rossignol Group from 1955 to 2005, and the management team, including its CEO Bruno Cercley.
Rossignol is the owner of six leading winter sport brands. Rossignol and Dynastar skis, Look bindings, Lange boots, Kerma poles and Risport figure skates.
Domenico De Sole, the legendary former CEO of Gucci and current Chairman of Tom Ford remarked says: “Rossignol is a great heritage brand with tons of potential in the apparel sector”.
Rossignol, headquarted in Moirans, France, generated close to EUR 230 million in turnover in 2013 and employed roughly 1,200 people. The company plans to create a dedicated apparel subsidiary to centralize all textile-related activities.
New opening by Pierre Mantoux
Pierre Mantoux, the Italian fashion house of hosiery, beachwear, loungewear and prèt-à-porter, opened its new flagship store in Taiwan in the luxury department store Regent Gallery in Taipei.
"The opening in Asia area is an important new step in the distribution strategy of Pierre Mantoux already present in China and Taiwan", the company says.
illycaffè on board Costa’s ships
Coinciding with the inauguration of the new flagship Costa Diadema an agreement is signed between illycaffé and Costa Crociere. illycaffè and Costa Cruises have signed an agreement under the terms of which illy will be the espresso coffee of choice served on board all 16 ships in the Costa Cruises fleet.
illy will be the sole brand of espresso coffee on board. The announcement coincides with the first port call in Trieste of the new flagship Costa Diadema (132,500 gross tonnage, over 300 meters in length and 1862 passenger cabins). The latest addition to the Costa fleet, which was built by Fincantieri in Marghera with an investment worth 550 million euros.
An increasing beauty eCommerce
Positive trend for the perfumery Marionnaud eCommerce, that records, from the beginning of 2014 until September 2014, an increase of visits to the website by + 94%, a sales growth of 6% in value and + 9% in volume purchases. The beauty online store marionnaud.it offers the widest range of perfumes, make-up and skincare the best brands and the convenience of web promotions and exclusive offers.
Marionnaud.it passed standards of quality, transparency and security required Netcomm Consortium of Italian e-commerce, created to promote the safe development of eCommerce in our country, becoming certified with the Seal Netcomm.
"The Seal is a further guarantee and benefit to the consumer in terms of reliability of the retailer and a symbol of excellent e-shopping", the company says. "The perfumery Marionnaud eCommerce also received the Seal Feedaty that ensures the reliability and transparency of reviews and opinions made by customers on the sales and service on products purchased on marionnaud.it. The feedback collected certificates are managed in an impartial and
independent Feedaty and represents an additional element of trust that protects customers of the site".
Tremolada appointed new Communication Director at Roberto Cavalli.
Roberto Cavalli Spa announces the appointment of Mr Andrea Tremolada as Corporate Communication Director of the Group. Tremolada, who covered in the past eight years the same role at the Salvatore Ferragamo Group, and before that at Gianni Versace and Tom Ford, will report to Mr Roberto Cavalli and to Mr Daniele Corvasce, Ceo of the Group.
An aviation expert and accomplished pilot, the manager is a highly challenge-driven professional.
Tremolada will take responsibility over Communication and Marketing, as well as over the definition and implementation of Public Relations activities, Press Office, Media Strategy and Buying for Roberto Cavalli SpA worldwide.
He will also be in charge of the Web, Digital and E-commerce areas, and of the Visual Merchandising and Windows Display areas.
Azimut Benetti Group strengthens the commercial area of the brand Benetti re-organsing the internal structure.
Fabio Ermetto will take on the role of Chief Commercial Officer of Benetti, the Azimut Benetti Group’s flagship megayachts division, specialising in the production and worldwide sale of megayachts.
The 42-years-old manager has worked in the yachting industry for over 15 years, specialising in the world of mega and gigayachts. In his new role, Mr Ermetto will be responsible for further enhancing the prestige and commercial development of Benetti, particularly in markets with a high growth rate. Ermetto will be handing over the Executive Chairmanship of Fraser Yachts, having redefined its set-up and organisational structure, to Roberto Giorgi.
Mr Giorgi has held a seat on the Group’s Board of Directors and has served as Honorary President of V. Ships. In his new role Mr Giorgi will execute Fraser Yachts’ growth strategies and coordinate its top managers. His objectives also include developing internal talent and identifying the next CEO.
Fashion accessories show
The next edition of the international show of accessories and components for fashion and design (from 16 to 18 September 2014 in Paris) should welcome a number of exhibitors equivalent to September 2013, when there were 319.
Next September there will be 17 new makers of accessories and components. Primarily European: Italy (11), France (2), Portugal (1), Netherlands (1), Belgium (1), these new participants also include a Japanese button manufacturer.
After having welcomed some 26,500 professional visitors in September 2013, and 27,000 last February, Modamont should once again welcome all those who count in the worldwide fashion industry.
This September, in order to provide an even more comprehensive offer tailored to the needs of the markets, Modamont will work in synergy with Cuir à Paris. Together, the two shows will present a broad selection of nearly 750 footwear and leathergoods exhibitors: from technical components to ornaments, all sides and aspects of that offer will be on display.
Lomazzi: Sales Director of Shiseido Cosmetics Italia
Luca Lomazzi is the new Sales Director of Shiseido Cosmetics Italia spa. He will head the departments Sales, Training and Management BC.
Lomazzi, 42 years, 15 years in the cosmetic industry, has managerial experience in various companies: Coty, Yves Saint Laurent, Lancôme, Giorgio Armani Parfums.
Pitti Bimbo 79, closing figures
The 79th edition of Pitti Bimbo is coming to an end after three days of intense activity. Preliminary data indicate that buyer attendance is holding steady at the June 2013 levels when nearly 5,800 buyers – 3,200 from Italy and 2,600 from abroad – came to the fair. The total number of visitors this season should be just under 10,000.
“Pitti Bimbo is the key reference for international children’s fashions”, says Raffaello Napoleone, CEO of Pitti Immagine. “And at this edition we are seeing quality growth among the boutique and department store buyers who hail from a greater number of foreign countries. Obviously, some markets are showing signs of suffering given their economic problems, and here I mean Spain, but mainly Russia – the “champion” of recent editions. It has fallen back significantly, like Ukraine, two countries in which the political situation and the poor exchange rates are impacting businesses and consumer behaviors. On the other hand, there is a big increase in the number of buyers from two huge markets like China (together with Hong Kong) and Brazil”.
As to international attendance, Great Britain, Turkey, Switzerland, South Korea, Lebanon and all the countries from the Gulf have shown growth; there was poorer turnout on the part of France, Germany, and Belgium; while the figures are stable for the United States, Holland, and North European markets.
Grant opens in Doha, Qatar
The luxury childrenswear brand contines its international expansion.
Grant has opened her new shop in shop in Doha, Qatar in The Gate Mall. A shop of 40 square meters designed reflecting the image of Grant and its collections.
Materials, colors and furnishings enhance the style of the house.
The flagship store is characterized by neutral colors that interpret the minimal chic style collections Miss Grant and Microbe.
CUOA with a feminine touch
Fondazione CUOA (Centro Universitario di Organizzazione Aziendale) provides to all female managers 50,000 euro in scholarships and financial contributions to enrol in its Executive MBA and Master in Lean Management.
The Italian business school, based in the outskirts of Vicenza, North West of Italy, directly finances 5 economic reductions on the course fee of its Executive MBA (October 23rd- June 24th) and two additional benefits of 20%.
All female graduates from any faculty can apply, with at least 6 years of professional experience. The deadline for submission of tenders is on July 4th.
The Executive MBA aims at fostering the growth and the consolidation of specialized, interpersonal and managerial skills that are focal in business management. For further information: www.cuoa.it
Furstenberg unveils limited edition Google Glass collection
Diane von Furstenberg and Google join forces to launch the DVF | Made for Glass collection. The limited edition collection of frames and shades is a watershed moment between technology and fashion.
The development of the DVF | Made for Glass collection also includes a close partnership between DVF and Marchon Eyewear, the brand’s longtime licensing partner and one of the world’s largest manufacturers and distributors of optical and sunglass frames.
The full collection will be sold beginning June 23, 2014 on Google.com/Glass, and as exclusive edited packages on NET-A-PORTER.COM.
Ferretti Group, De Vivo appointed chief commercial officer
Stefano de Vivo is the new Chief Commercial Officer of Ferretti Group, world leader in the design, construction and sale of luxury motor yachts.
De Vivo will report directly to the lawyer Alberto Galassi, Chief Executive Officer of Ferretti Group, and will work on strengthening and developing the sales network for all the Group’s brands.
De Vivo, aged 36, engineer, graduated in Naval Architecture and Ocean Engineering from the University college of London and gained an MBA from the University of Sciences and Technology in Hong Kong.
He began his career in the nautical industry at Riva where, at a very young age, he covered the roles of Project Manager, World After Sales Manager and Greater China and Asia Pacific Manager. Until 2011 Stefano de Vivo was also Sales & Marketing Director and Vice President of sales at Benetti.
Galassi is the new Chief executive officer of the Ferretti Group
The Board of Directors of the Ferretti Group, as convened by Chairman Tan Xuguang, who also heads the Weichai Group, has named Alberto Galassi to be Ferretti’s new Chief Executive Officer. Galassi replaces Ferruccio Rossi effective immediately.
"The new endeavour is being made possible by the essential support of the Weichai Group, the majority shareholder in the Ferretti Group since 2012. Weichai has been of crucial importance with its contributions of equity support and new distribution channels", the company says.
The Weichai Group has decided to offer a shareholders’ loan of 30 million Euros that is immediately available and can be converted into an increase in capital in the future.
Galassi, born in Modena, Italy in 1964, is an attorney specializing in international law. He is also the President of Piaggio Aero Industries. In 2000 the manager became the member of its Board of Directors designated for business and
marketing and also a member of the executive committee.
Galassi is also the only Italian director to sit on the Board of the Manchester City Football Club, which has won the English championship in 2014.
Barbisio and Nicky announce their new General Manager Marco Canali
Marco Canali has been appointed new General Manager of the Italian companies Barbisio and Nicky ties.
With more than twenty years of career behind the industry of clothing and accessories, Mr. Canali had held management positions for national and international brands of luggage (Mandarina Duck and Tumi), and fashion (Fornarina, Samar and GMN).
He had been Vice President, Product Director of Fila Sport Apparel for three years.
He has always been attentive to quality and aesthetics, and this is why Mr. Canali in Barbisio aims at experimenting with new materials, shapes and colors. His desire is to bring young people to the world of hats, creating urban and glamour lines. Its mission is to relaunch the two brands and to consolidate the style distinctiveness for a better appreciation of both its positioning and its visibility, aiming at international markets especially America, Russia and China.
Pasquale Bruni, new opening at Galeries Lafayette
Pasquale Bruni announces the opening of a new Shop-in-Shop inside the luxury department store Galeries Lafayette on Boulevard Haussmann in Paris, that has about 60.000 visitors every day. The special corner, situated on the ground floor, will show Pasquale Bruni’s icon collections and the unique pieces of the Haut–Couture jewelry line Atelier.
The five petals flower, symbol of the maison, characterized the new design concept of the Pasquale Bruni corner. Pure white and glass cases create a refined contemporary atmosphere where the jewels can really shine.
The brand is now one of very few family-run jewellery labels that designs and produces all its creations in Italy. The brand has a solid international reach and its creations are sold in some of the world's most prestigious shopping locations: from the label's own boutiques in Milan's Via Spiga and Rome's Piazza Sal Lorenzo in Lucina, the new second home for luxury shopping in the capital, to shop-in-shops and dedicated corners around the world, including Barvikha Luxury Village, Harrods, Dubai Mall, Neiman Marcus and The Brian&Barry Building in San Babila, Milan, in addition to a highly selective distribution network that counts a total of 250 international multi-brand sales outlets.
Pandora, revenue increase 30% driven by positive development across all regions.
Pandora Group revenue in Q1 2014 was DKK 2,592 million, an increase of 29.5% or 34.0% in local currency, compared with Q1 2013. Americas increased by 10.7% (16.2% increase in local currency), Europe increased by 49.2% (48.3% increase in local currency), Asia Pacific increased by 54.3% (71.9% increase in local currency).
The gross margin increased to 69.1% in Q1 2014, compared with a gross margin of 65.6% in Q1 2013.
EBITDA increased by 45.7% to DKK 937 million for the quarter, corresponding to an EBITDA margin of 36.1%, compared with an EBITDA margin of 32.1% in Q1 2013.
EBIT was DKK 887 million for the quarter, an increase of 48.1%, corresponding to an EBIT margin of 34.2%, compared with an EBIT margin of 29.9% in Q1 2013.
Net profit for the quarter was DKK 704 million, compared with a net profit of DKK 438 million in Q1 2013.
Free cash flow was DKK 1,049 million in Q1 2014 (including an extraordinary VAT repayment in Germany of DKK 259m) compared with DKK 406 million in Q1 2013.
Growth continues for the Salvatore Ferragamo Group
The Board of Directors Approves the Consolidated Interim Report as of 31 March 2014. Revenues 299 million Euros (+6% vs. 282 million Euros at 31 March 2013). Gross Operating Profit (EBITDA) 53 million Euros (+10% vs. 48 million Euros at 31 March 2013). Operating Profit (EBIT) 42 million Euros (+7% vs. 39 million Euros at 31 March 2013).
Net Profit 27 million Euros (+2% vs. 27 million Euros at 31 March 2013) including 1 million Euros of Minority Interest.
Group Net Profit 26 million Euros (+7% vs. 24 million Euros at 31 March 2013).
Azimut Yacht bolsters its production and technical areas
Alberto Morelli, named Azimut Yachts Chief Manufacturing and Operations Officer. Morelli will be responsible for the technical, production, purchasing, and quality control areas. He will report directly to Ferruccio Luppi, CEO of Azimut Yachts and Azimut Benetti Group.
Morelli will oversee the technical, production, and purchasing departments directors, Alessandro Rossi, Stefano Simonetti (who will head the Avigliana facility), and Francesco Nannetti, respectively. In addition, the production facilities in Fano, Savona, Viareggio, and Brasile have been placed under single management and coordination and entrusted to Paolo Sterza. Sterza will apply his industry and company experience to running the non-central production facilities throughout Italy and internationally.
Morelli is an engineer with extensive experience in international automotive companies. He has held important manufacturing positions in Italy and abroad. He has also participated in the "World Class Manufacturing" programmes, standard setters for excellence in industrial management worldwide.
The first monobrand shop Misis is opening on May 20th in Shanghai
From silver jewellery to total look, inspired by the country of Dragon Gong! The long awaited announcement of the opening of the first monobrand shop in China is finally echoing: on May 20th.
Shanghai, the Kerry center, Misis is opening wide the shop doors to the public, to appear in its entirety of style and unmistakable shapes.
After the event of May 20th, put forward by 10 days before the opening of the first shop in shop Misis inside the well-known department store Ysetan in Shanghai, the grand opening of the ambitious developing project of Misis in China is following on May 23rd commercial operation planning to open 40 monobrand shops in 24 months.
Doing e-commerce in Switzerland
Swiss e-shoppers are more than 5 million out of a population of 8 million inhabitants: in 2013 they bought goods and services online for over 10 billion euros (+12% compared to 2012).
This is the concept of the seminar organized by NetComm Suisse an association of Swiss e-commerce and digital communications operators. A new kind of meeting that is meant for companies and entrepreneurs who want more space both on local and international markets, but at the same time want to be able to operate as openly and serenely as possible, enjoying administrative benefits and trying to find venture capital and incubators willing to believe and invest in their projects.
“If we look at the reference scenario, the inhabitants of Switzerland are just under 8 million, but 6,3 million use internet and more than 5 million are e-shoppers", says Alessandro Marrarosa President of NetComm Suisse. "Online sales have grown (from year to year) by 15,5% in 2012 and by 12,1% in 2013: e-commerce revenues in 2013 amounted to 10,2 billion euros, of which approximately 40% is spread among products and 60% on services. The average expenditure for each e-shopper in 2012 amounted to 1,750 euros, while in 2010 the average value for each electronic receipt issued amounted to 109 francs, which became 124,5 in 2012”.
The data cited by Marrarosa are part of a study promoted by the Suisse NetComm Observatory and co-financed by PostFinance and Accenture.
Azimut Yachts signed partnership with Indonesian tycoons
Azimut signed a dealership contract with a group of ten Indonesian tycoons carrying out activities in the industrial and manufacturing sectors, luxury car distribution and real property development, led by Mr. Hengky Setiawan, owner of the biggest telecommunications company in Indonesia and developer of the high end H Island and Mr. Nurtjahya Tanudisastro, company leader in Electronic Home Appliances.
The Azimut Yachts permanent show room will open soon in a prestigious area in North Jakarta and will rely on the immediate availability of a large number of boats. The Grand Opening event will be held in H Island in May 2014.
Azimut Yacht: Simpson Marine appointed as exclusive dealer for Beijing and Tianjin in renewed partnership agreement for Asia.
As part of a new multi-year partnership agreement, Simpson Marine will open a dedicated sales office in the capital, Beijing as well as becoming the exclusive dealer for Azimut Grande yachts across the whole of China. The dealer will also launch new service facilities for Azimut Owners in Tianjin, the largest coastal city in Northern China.
The agreement builds on the company’s long-established partnership with Azimut, the leading Italian luxury yacht brand.
Simpson Marine, which celebrates its 30th anniversary this year, will continue to represent Azimut Yachts as exclusive dealer in Singapore, Malaysia, Hong Kong, Taiwan and Guangdong, Guangxi and Hainan provinces in China and will additionally become Azimut’s exclusive dealer in the capital, Beijing and the coastal city of Tianjin.
"The opening of sales and service facilities in Northern China will ensure that Azimut yacht Owners, many of whom are based in Beijing and Tianjin, will in the future benefit from Simpson Marine’s award winning after sales and support services. Simpson Marine provides the most comprehensive after sales and support service in Asia through over 15 offices operating across the region" says the company.
Roberto Cavalli and Staff International: Just Cavalli licensing partnership extended through 2031
Roberto Cavalli and Staff International, a company within the OTB group, are pleased to announce the extension of their license agreement for the Just Cavalli brand, signed on January 2011, and consisting of a ten-year duration with a five-year renewal option. Following the positive development of the business, this strong and successful partnership has been renewed eight years prior to the initial licensing agreement’s date of expiration and extended for an additional five years, bringing it to a term of 15 years with a five-year renewal option.
“After just two years of partnership, the Just Cavalli brand is present in 80 countries, with a wholesale distribution in over 1,100 customers, and a retail network of 42 mono-brand points of sale worldwide, including two flagship stores in Milan and New York. The development plan for the next five years presents a sustained program of new openings in the main international cities (such as the highly anticipated London flagship store) for a total of 180 mono-brand stores, which are either directly operated or franchised. A further enhancement will be given to shop-in-shops and corners, and to the presence of Just Cavalli collections in major department stores and key specialty stores around the world. Also important will be the development of the brand's e-commerce business which, over the last two years, saw a significant growth”, says Ubaldo Minelli, CEO of Staff International.
“In two years, thanks to the collaboration with Staff International, Just Cavalli has returned to being recognized as one of the world’s most iconic brands within the casual and contemporary sectors” says Daniele Corvasce, CEO of Roberto Cavalli Group. "The resources and the expertise of Staff International has permitted us to re-launch and nurture the line, which Roberto particularly loves because it establishes a personalized, youthful sensibility that is global”.
Modamont show solid growth
With 27,065 visitors Modamont registred record attendance totalling a 20% increase in visitors numbers compared with February 2013.
The last edition was the opportunity for Modamont to confirm its new formula, following the changes made in september 2013 which included adopting a single Première Vision Pluriel badge, consolidating the new exhibitor layout and relocating the fashion information in Hall 4.
At the Première Vision New York show, in 22 and 23 july, North American buyers will be able to descover the creative potential offered by Modamont's exhibitors.
Prada achieves solid growth
Prada Group, one of the world leaders in the luxury goods sector, approves results for the nine months.
EBITDA amounted to Euro 821 million and increased by 12.8% on the same period in 2012, representing 31.9% of consolidated net revenues.
EBIT amounts to € 677.8 million, 26.3% of consolidated net revenues and up by 10.7% on the first nine months of 2012. The net financial position is positive by Euro 303.5 million after financing capex for the period of Euro 416 million and distributing dividends of Euro 230 million to shareholders.
Distribution channels Sales by directly operated stores (516 DOS at October 31, 2013) totaled € 2,182 million with a 13.8% increase compared to the first nine months of 2012 (+18.7% at PRADA spa constant exchange rates).
The Prada Group operates with the Prada, Miu Miu, Church’s and Car Shoe brands in the design, production and distribution of luxury handbags, leather goods, footwear, apparel and accessories.
The Group also operates, under licensing agreements, in the eyewear, fragrances and mobile telephone sectors. Its products are sold in 70 countries worldwide through 516 directly operated stores, 2013 and a select network of luxury department stores, independent retailers and franchise stores.