MBS Intelligence
Fashion & Luxury
Does homeware represent the biggest opportunity in retail today?
In the last few months, people have connected with their homes in a way their pre-Covid lives had never allowed. During lockdown, our homes became multi-functional spaces: providing a curated and comforting living...
Why risk aversion to digital will be the death…
Last week, a fashion retailer told me that they’d had to complete a full digital transformation in the space of just four weeks. This feat is part of a wider trend: when it comes to innovation and truly embedding a...
The fast-growing, science-led health and wellness trend: in conversation…
Over the last few months, every one of us has had to reconsider our approach to health and wellness. The Covid-19 crisis has not only posed a physical threat to our health, but also shaken up our daily...
Lessons from Asia: Optimism amid the disruption – Interview…
The very first time that I went to China, one of my first ports of call was Lane Crawford, where the boutiques are world class, very forward thinking and respected across the industry. It was therefore to the President...
Why do luxury pop-ups work and who’s doing them…
At the beginning of July, Louis Vuitton announced New York as the next location in its global pop-up tour. The 6,000-square-foot monochromatic space covered entirely in neon green ran from 12th until 21st July and...
Artisanal Movements: Luxury watches in the age of ecommerce
Luxury, steeped in years of tradition, is a sector that has resisted the allure of ecommerce. However, the industry appears to be experiencing a change of heart. Disruptive technology has been rolled out by major brands...
Out of Africa: Reviving and accelerating luxury in Africa
Any excuse for me to go home to South Africa and as luck would have it, this year the Condé Nast International Luxury conference was held in Cape Town in a fabulous venue overlooking the Atlantic Ocean. What started...
Looking ahead to Copenhagen in the Extinction Rebellion era
Last week, the UK became the first country to declare a climate emergency - one of the key demands put to the Government by Extinction Rebellion after haranguing London last month. But, the fact that it’s the 10th...
The rise of the Asian consumer – Pt II…
In our first column on the rising influence of Asian consumers, we touched on the region’s growing affluence and whether brands are adapting fast enough. Despite some companies failing to connect with Asia’s middle...
Latest Fashion & Luxury News
Puig targets €2.9bn in Spanish IPO The beauty and fragrance giant has confirmed that it is seeking to raise €2.9bn when it floats on the Spanish stock exchange, in what will be Spain's largest IPO in almost a decade. Puig makes the Paco Rabanne and Carolina Herrera fragrances, among others. Read more.
Revenue up at Ray-Ban maker EssilorLuxottica The eyewear specialist has reported a 5.5% increase in revenues in the first quarter, boosted by solid growth in Europe. Sales reached $6.7bn, as the company reiterated its full-year guidance of "mid-single-digit" annual revenue growth. Read more.
Sales up 16.5% at Italian group Brunello Cucinelli The luxury fashion house has said that its sales have risen 6.5% at current exchange rates in the first quarter, boosted by growth in all regions, including Asia. Revenue reached €309m in the period. Read more.
Inspecs announces revenue increase for full financial year The eyewear specialist has posted a rise in group revenue for the year to 31 December to £203.3m, representing record sales performance. Gross profit increased 4.7% to £103.5m. Read more.
Growth slows at luxury giant LVMH The owner of Louis Vuitton has recorded slowing sales in the first quarter, amid shrinking demand for luxury labels. Sales for the quarter ending in March rose 3% on an organic basis to €20.7bn, meeting market expectations. Read more.
Adidas raises earnings guidance on positive first quarter The German sportswear behemoth has upgraded its 2024 profit outlook after a better-than-expected first quarter. Full-year operating profit should come in at about €700m, up from the €500m originally forecasted. Read more.
Join our network of executives who receive the MBS News daily, as well as the insights, analysis and our weekly column in The Weekend Edition.
You’ll be able to unsubscribe at any time.