Casablanca, Johannesburg, Cairo, Bangalore and Mumbai are the main 2010 openings of ...
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Interviewed by AFP, Jean-Jacques Picart (consultant of LVMH) and Donald Potard, ...
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Italian luxury shoes and bags leather manufacturer TOD'S has launched in its Paris flagship ...
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CPP, organizer of BUSINESS OF LUXURY FORUM 2010 edition annouces the main topic of the ...
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Crisis is deepening in the auto sector in the Central and Eastern European region too. ...
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In a recent interview to Italian daily IL SOLE 24 ORE, Mr Francesco Formiconi, COO of GIORGIO ...
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ETRO difies crisis and continues expansion in North Africa and the Middle East
11 March 2010
Casablanca, Johannesburg, Cairo, Bangalore and Mumbai are the main 2010 openings of monobrand stores of Italian luxury brand ETRO at an international level. Controlled by the Etro family, the company exports 75% of its production which is exclusively made in Italy. The company CEO attributes ETRO's success to the non compromise on production/quality and its strategic ... read more
Media and consultants expose the ''bribe'' practices at VOGUE, ELLE and other magazines
11 March 2010
Interviewed by AFP, Jean-Jacques Picart (consultant of LVMH) and Donald Potard, independent luxury consultant have openly exposed the already known but little publicized practices of major luxury fashion brands to ''bribe'' or pay cash ''bakchich'' important magazines such as VOGUE and ELLE for positive reviews of their collections.
In the two interviews, it is highlighted that VOGUE France's ... read more
TOD'S launches ''su misura'' service
10 March 2010
Italian luxury shoes and bags leather manufacturer TOD'S has launched in its Paris flagship store the first corner dedicated to ''su misura'' products. The custom made shoes corners will be developed in other stores internationally in Milan, Los Angeles, Tokyo and Hong Kong. This latest offer will therefore address top wealthy consumers, thus completing the wide range of consumer target base of the ... read more
''Front door exit from the crisis'' - the main speakers' panel topic at BUSINESS OF LUXURY FORUM 2010
10 March 2010
CPP, organizer of BUSINESS OF LUXURY FORUM 2010 edition annouces the main topic of the speakers' panel.
The main speakers’ panel will be moderated by Oliver Petcu, Managing Director CPP and Andreea Ionescu, Managing Partner of ConsultWare. The panel will be made up of all international luxury brands executives, many of them being unable to have an official speech due to their company ... read more
While Porsche Romania has no more test drive cars, FERRARI reports 15 orders for Romania
10 March 2010
Crisis is deepening in the auto sector in the Central and Eastern European region too. AUDI's official importer PORSCHE ROMANIA is no longer able to offer test drive cars in its showrooms. Other major luxury car dealers haven't sold any new cars in months, That is why, it comes as a suprise to learn from the ex Minister of Health, the owner of the FERRARI dealership for ... read more
Japanese luxury consumer profile suffers major changes
09 March 2010
In a recent interview to Italian daily IL SOLE 24 ORE, Mr Francesco Formiconi, COO of GIORGIO ARMANI SpA for Japan, explained the major chages brought about by the crisis in the Japanese luxury consumer profile. He speaks about shame, guilt and fear of arrogance as the main factor which continues to keep Japanese consumers away from luxury stores, both highstreet and department stores. He gave the example ... read more
PVH Group, one step from purchasing TOMMY HILFIGER
09 March 2010
After including CALVIN KLEIN in its portfolio, American apparel giant PHV (Philips Van Heusen) Group is one step away from taking over TOMMY HILFIGER. This new acquisition would bring PHV's turnover to USD 3 billion. The strategy of PVH seems to be closely linked with APAX Investment Fund which is supposed to make the first move. ... read more
L'OCCITANE makes its IPO on the Hong Kong Stock Exchange to further expand in Asia
09 March 2010
French premium cosmetics group L'OCCITANE which also includes OLIVIERS&CO annouced its listing on the Hong Kong Stock Exchange. Its first IPO is set to raise more than EUR 700 million which will therefore finance its aggressive expansion in Asia.
As included in several previous analysis, CPP believes L'OCCITANE's over-expansion endangers not only the quality of its products but also the ... read more
BALENCIAGA makes another strategic move and maintains top position
07 March 2010
Legendary French fashion label BALENCIAGA, one of the best performing GUCCI GROUP companies, has been flourishing under the creative direction of Nicolas Ghesquiere who is also accreddited with the revival of the French brand. Much like Christopher Bailey at BURBERRY, Ghesquiere has been drawing on the brand's heritage while constantly adding innovative designs, products, fabrics and new marketing ... read more
ESCADA reborn under the new ownership of the Mittal family
06 March 2010
Former CEO of Hugo Boss and current CEO of ESCADA, Mr Bruno Salzer commented on his decision to joing ESCADA which he considers very inspired, considering the stability the new owner, the Indian steel billionaire family Mittal. The Mittal family paid EUR 60 million to buy ESCADA at the end of 2009 when the German luxury brand was facing bankruptcy. The ... read more
Carla Bruni Sarkozy, a muse and inspiration for top luxury brands
06 March 2010
Famed French luxury shoe manufacturer ROGER VIVIER has unveiled this week its Carla Bruni inspired bag. The bad which is made of calf skin is called Miss Viv' and designers have drawn on Carla Bruni's impecable first lady look for the creation.
The First French Lady has also attracted tabloid criticism over her gown choice at the gala dinner attended by Russian Prime Minister ... read more
HERMES pulls out of yacht deal
06 March 2010
The much anticipated yacht project of HERMES realized jointly with shipbuilder WALLY has recently culminated with the withdrawal of the top luxury French brand. Hermes indicated the lack of experience as the main reason for the withdrawal. However, the yacht project will go ahead as planned, yet it will not bear the signature of Hermes. ... read more
CPP Management Consultants Ltd presents the first comprehensive luxury market reports on SYRIA and MOROCCO
06 March 2010
With the occasion of the 2010 edition of BUSINESS OF LUXURY FORUM, the annual luxury industry event dedicated to emerging markets, CPP will present the first luxury market reports on SYRIA and MOROCCO. These will be the first such market reports ever made on the two fast growing emerging markets. CPP's reports analyze each luxury industry sector in both countries, highlighting opportunities, ... read more
PERMIRA looking to sell VALENTINO and PROENZA SCHOULER
02 March 2010
Several luxury industry market sources indicate as imminent the sale of Valentino and Proenza Schouler by its owner, British investment fund Permira which has a majority stake in Valentino Fashion Group. The VFG also includes HUGO BOSS, which is the largest business within the group and the only to have had a positive performance in 2009.
In 2009 Permira and the former owners Marzotto family created ... read more
Tears of joy or sadness at DOLCE GABBANA show ?
01 March 2010
Italian fashion brands DOLCE GABBANA delivered a highly emotional show this weekend at the closing of the Milan Fashion Week. The show paid homage to the hundreds of atelier workers and show ended with a parade of models wearing a jacket and a short skirt. This also marks a draw on DOLCE GABBANA’s earlier years when it introduced this particular look. Many journalists and staff left the room in ... read more
CPP launches this Fall 24 hour online luxury travel service CPP-TRAVEL.COM
28 February 2010
CPP Management Consultants Ltd, sole Central and Eastern European management consultancy launches this Fall CPP-TRAVEL.COM, an online 24h subscription based luxury travel service. The service will also be available on Blackberry and Iphone platforms and will provide instant luxury travel services: hotels, transfers, car rentals. All services will be ... read more
TECHNOGYM supplier to top luxury hotels and most famous sports celebrities
28 February 2010
Leading Italian luxury wellness equipment company TECHNOGYM has been the chosen supplier of most of top luxury hotel chains such as MANDARIN ORIENTAL and FOUR SEASONS.
Mandarin Oriental Munich, the top luxury hotel in the Bavarian capital has set up a state of the art temporary fitness club for the ARGENTINA national football team. The Argentina team will face Germany in the 3 rd of March ... read more
FAIRMONT opens luxury hotel in KIEV this year
27 February 2010
Premium five star chain FAIRMONT HOTELS is to open a 257 room hotel in Kiev, Ukraine's capital. The hotel is situated downtown and will mostly cater to the business travellers.
Unfortunately, the opening could not have come at the worst time for the FAIRMONT in Kiev, considering the dramatic losses of the other five star hotels such as InterContinental and Radisson. Even with the new ... read more
Most of Central and Eastern European luxury markets to recover by the end of 2010
27 February 2010
With the occasion of the 2010 edittion of the BUSINESS OF LUXURY FORUM, the yearly luxury event organized by CPP Management Consultants Ltd, CPP will present exclusively the latest luxury market reports for all the countries it covers in the CEE region. Most of the reports indicate a clear recovery of the luxury markets especially in markets such as Poland, Serbia, Czech Republic, Slovenia and Romania. ... read more
ROBERTO CAVALLI to open this spring one of the largest showrooms in Milan
27 February 2010
“The major recession is over” for luxury goods, Gianluca Brozzetti said in an interview yesterday before the Just Cavalli fall 2010 women’s wear runway show in Milan. “Still, 2010 will be a year of transition.”
Revenue at Cavalli declined 22 percent to 174.7 million euros in 2009, hurt by unpaid royalties from the Just Cavalli line in the first ... read more