Yves Saint Laurent aims to surpass 3 billion euros in turnover

2016 was the sixth consecutive year of growth for Yves Saint Laurent, with sales reaching 1.22 billion (+ 25.3%), and operating profit of around 268.5 million (+ 59%), 22% of sales. But the company CEO Francesca Bellettini said in an interview to CorrierEconomia that she is not satisfied: “Our target is 3 billion in revenues, because we have the strength and the talent to do it. About Anthony Vaccarello? It was a long weighed decision. He is the perfect man.” In an interview to the FT, Belletini points to brand’s [...]

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Johann Rupert, Chairmain of Richemont, establishes Michelangelo Foundation with craftsmanship focus

Johann Rupert, 66-year-old South African billionaire, chairman and controlling shareholder of the luxury goods group Richemont, owner of brands such as Cartier, Montblanc and Van Cleef & Arpels has recently spoken about the  Michelangelo Foundation which he quietly and without much fanfare founded. A Geneva-based nonprofit organization, it aims to champion master craftsmanship (initially focusing on Europe) by building networks of like-minded artisans and their supporting institutions, facilitating apprenticeships and nurturing global recognition for the Continent’s applied arts culture, hoping to bolster its future. “Our society today honors all the wrong people. [...]

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The future of the luxury brands of Starwood and Marriott: “We keep all brands”

In a recent interview, Tina Edmundson, Marriott’s Global Brand Officer provided her view on the future of the luxury brands of the merged group. Marriott was already the biggest hotel company in the world with its 19 brands—including Ritz-Carlton, JW Marriott, and Edition—and now it has 30. Amazingly, all of them are staying, and Edmundson didn’t give any indication that that would change. “We thought long and hard about how you serve up 30 brands in a meaningful way—one that helps consumers infer both price and experience,” said the Marriott [...]

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Roeland Vos, President CEO of Belmond in an exclusive interview with CPP-LUXURY.COM

CPP-LUXURY.COM has recently interviewed, exclusively, Roeland Vos, President and CEO of Belmond Ltd. How has your company performed in 2016? And what are your expectations for the rest of the year? – in general terms, not specific financials Belmond has had a solid year and we have high expectations for a strong third quarter, which is generally our most profitable quarter. The Olympics in Brazil have given us a good uplift and we also have had a good summer across our resort hotels, particularly in Europe.  We have also recently [...]

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In conversation with Alessandro Maria Ferreri on the future outlook of the global luxury market

CPP-LUXURY.COM has interviewed Alessandro Maria Ferreri, CEO of The Style Gate, a highly experienced long term luxury industry professional. What are your expectations for the performance of the fashion luxury sector for the rest of 2016? Unfortunately for many luxury companies, above all in high apparel sector, the rest of 2016 will be still quite slow. The revenues of the second semester will not be enough to counter balance the losses of the first semester in order to achieve the budget of the year. Many brands prepared, last October, very [...]

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