Yoox CEO Federico Marchetti Expects Profitability to Increase in 2012 Italian internet mail order luxury retailer Yoox expects profitability to Increase in 2012. Yoox climbed 8.6 percent, the most in more than eight months, in Milan trading on Feb. 9 after reporting a 36 percent increase in 2011 revenue that exceeded analysts’ estimates. North America … Read more
Berluti launched its first menswear collection The luxury industry is driven by male consumers, who are now spending £155 billion a year on luxury clothes and accessories for themselves, according to a new study. “Men seem to be a little bit more selfish these days, and spend a bit more on themselves and a little … Read more
World’s Top 100 Most Valuable Luxury Brands World Luxury Association’s official report on 2012 shows that China has become the world’s largest consumer of luxury goods. The report predicts: With the phenomenon of RMB appreciation and depreciation of the Euro and the number of Chinese traveling to Europe in 2012, total consumption of luxury goods … Read more
Between France and Italy, the men’s wear business is “ready-to-war,” says Suzy Menkes in her latest article dedicated to men’s wear booming. The French luxury companies have seized the opportunity to ally with Italian savoir-faire. PPR, the luxury group headed by François-Henri Pinault, completed its 100 percent purchase of the Italian men’s wear brand Brioni. … Read more
What about your mobile competence? L2 Prestige 100: Mobile IQ: study Sephora, Nordstrom, Macy’s, NET-A-PORTER and Bloomingdale’ssecure the top spots in the inaugural L2 Prestige 100: Mobile IQ report that measures the mobile competence of 100 brands. The Mobile IQ distribution reveals a significant, widespread underinvestment in mobile, as nearly half the brands were designated … Read more
Brioni bought by PPR luxury and retail group In order to strengthen its position in the high-end menswear market, PPR luxury group will acquire Italian men’s fashion brand Brioni. Zegna and Eurazio, the French private-equity firm, had also talks with the Bond suit-maker about a potential offer, but PPR is the winner of this contest. … Read more