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☆ After a tough quarter for global luxury, Barclays names 3 stocks to play the sector right now
▼ + stars: | 2024-05-07 | by ( Amala Balakrishner | In Amala-Balakrishner | ) www.cnbc.com time to read: +3 min

Consumers, particularly those in China, have been tightening their purse strings and cutting their spending on luxury goods in light of macroeconomic uncertainties. But Barclays notes that several companies in the sector make good plays right now. LVMH Barclays is bullish on French label LVMH and raised its target price by nearly 13.6% to 937 euros ($1,009.18). "We remain confident that Moncler will deliver above-market growth for the rest of 2024," the analysts wrote. Barclays' target price on the stock is 168 Swiss francs ($182.62), which gives it around 28.2% potential upside.

Persons: Christian Dior, Louis Vuitton, Dior, Tiffany, Moncler Organizations: Barclays, Tiffany, Vogue, Richemont Locations: China, Europe, Sephora, Switzerland

☆ Margaret Zhang, Australian-born editor of Vogue China to step down
▼ + stars: | 2024-02-27 | by ( Christy Choi | ) edition.cnn.com time to read: +3 min

CNN —Vogue China editorial director Margaret Zhang has announced that she is stepping down just three years after becoming the youngest person to lead any of the fashion bible’s 28 editions. Zhang’s appointment as Vogue China’s editorial director in 2021 came as something of a surprise. But she also won praise for modernizing Vogue China and championing diversity at the title. In her resignation announcement, Zhang said the publication had enjoyed “record growth in video” and the “highest engagement events in the history of Vogue China” during her editorship. The Ghanaian-born fashion editor unexpectedly stepped down last June after more than six years at the helm.

Persons: Margaret Zhang, ”, Zhang, —, Condé, — Anna Wintour, ” Zhang, Ik, “, Anna Sui, Edward Enninful, Condé Nast, Roger Lynch Organizations: CNN — Vogue China, Vogue, Vogue China, US, Milan, Condé Locations: China, Australian, Sydney —, Mulberry, Vogue China, Ghanaian

☆ Wedding Fashion Goes Beyond the Binary
▼ + stars: | 2024-02-03 | by ( Alix Strauss | ) www.nytimes.com time to read: +1 min

Moments before MJ Zayas and Donald John Krams exchanged vows on Sept. 24, 2022, at the Loft by Bridgeview, an events space in Island Park, N.Y., Mr. Krams was brought to tears when he saw his soon-to-be spouse for the first time. “The green was a must. “Wearing this ensemble and seeing my husband cry at how beautiful he thought I looked in it were the most affirming and unforgettable moments of my life.”Mx. They accessorized with combat boots and a large, exaggerated black bow that hung purposefully around their neck — a stark but complementary contrast to Mr. Krams’s rented suit from Men’s Wearhouse. (Mr. Krams, 34, is an operations associate for Moncler, the luxury coat company.)

Persons: MJ Zayas, Donald John Krams, Krams, ”, Zayas, “, Krams’s, Wearhouse Organizations: Bridgeview, Moncler Locations: Park, N.Y, Plainview

☆ 'The Davos underground': A final take on the secretive parties of the world's rich and powerful
▼ + stars: | 2024-01-31 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +23 min

"That's when you get the good s---," said a Davos attendee who is regularly selected to join the exclusive backroom of the Annual Davos Wine Forum Tasting. Zoom In Icon Arrows pointing outwards JPMorgan took over the Kirchner Museum for its annual drinks event. Zoom In Icon Arrows pointing outwards The attire of the Davos set is decidedly not chic. Zoom In Icon Arrows pointing outwards The color of your conference badge determined access to World Economic Forum events. Zoom In Icon Arrows pointing outwards Skiing and snowboarding post panels and broadcasting was another favorite pastime of some Davos goers.

Persons: bankrolled, Vladimir Putin's, Putin, George Soros, Bill Browder, Anthony Scaramucci, Anthony, Scaramucci, queued, Latour, Donald Trump, —, Mark Milley, Matt Damon, Richard Branson, Andrea Bocelli, Chris Coons, Paul Ryan, bartenders, Champagne Perrier, Chateau Latour, L'Eglise, Burgundy Olivier Bernstein Bonnes, Domaine Comte Georges de Vogue, Tenuta, Casanova di Neri, Stephen King, Browder, Doug Emhoff, Gary Cohn, Ian Bremmer, Sir Martin Sorrell, Sting, Bill Gates, Sam Altman, Marc Benioff, Ray Dalio, Emhoff, Ernst Ludwig Kirchner, Brian Moynihan, IBM's Gary Cohn, Jack Hidary, Sir Richard Moore, Barry Colson, Davos goer, Moritz, Eve, CNBCers, Emmanuel Macron, John Kerry, Joe Short, roundtables, Wyclef Jean, Diane von Fürstenberg, George Osborne, David Rhodes, Osborne, Politico's Suzanne Lynch, Princess Beatrice, David Blaine, Milley —, Tij, CNBC Tij Organizations: Economic, CNBC, Congress Center, Russian, Russian Direct Investment Fund, Moonshot Investor Network, Putin, Hermitage Capital, SkyBridge, White House Communications, Chiefs, Bordeaux Smith Haut, Platz, Politico, IBM, AB InBev, White, Trump, Eurasia Group, Capital, Microsoft, Wall Street, Billionaire Microsoft, Light, Infosys, Bloomberg House, JPMorgan, Kirchner Museum, Financial, Hotel, CNBC CNBC, Bank of America, New, Davos, U.S . Climate, Accenture, Golf Club Davos, Palantir, Chancellor, Sky News's, Sting, Workers, Swiss Army, Army, Gliding Locations: Davos, Switzerland, Soviet, Ukraine, Moscow, Hungarian, Hermitage, Providence, Europe, Davos's, Bordeaux, Bordeaux Smith Haut Lafitte, Bello, Santa Cruz, Napa Valley Tuscany, Schatzalp, Scalettastrasse, Emirates, Halifax, Canada, Salt Lake City, U.S, Palantir, Swiss

☆ How 'quiet luxury' is subtly taking over investor portfolios
▼ + stars: | 2024-01-30 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +4 min

So what is "quiet luxury"? Quiet Luxury's outperformance over Loud Luxury in 2023. "Hence, in 2023, quiet luxury companies notably outperformed their loud peers by 23% points. According to DBS, a company fall under its categorization of "quiet luxury" if it's understated and focused on high quality, while maintaining exclusivity and scarcity. Loud luxury not in vogue

Persons: Karin Teigl, Kelly, Baum, Jeremy Moeller, Miu Miu, Brunello, Hou Wey Fook, Hermes, LVMH Moët Hennessy Louis Vuitton, Markus Hansen, Hansen, Goldman Sachs, — Organizations: Getty, DBS Bank, Financière Richemont, Swatch Group, DBS, Richemont, Swatch, CNBC, U.S Locations: VIENNA, AUSTRIA, Asia, South Korea, Japan, India

☆ These luxury stocks won't lose their luster even as sales growth slows to pre-pandemic levels
▼ + stars: | 2023-11-10 | by ( Hakyung Kim | ) www.cnbc.com time to read: +13 min

After three years of record growth, luxury companies are feeling the pain as sales slow to a more normal pace. Nowhere have the struggles of the luxury sector been more prominent than in the French conglomerate LVMH Moet Hennessy Louis Vuitton , the group's bellwether. This dynamic tends to hurt the less-prestigious luxury brands more, according to Rogerio Fujimori, an analyst at Stifel. "Chinese [consumers] are back to Southeast Asia and Japan, but there's still a long way to go in terms of Europe. LVMH and other European luxury brands have been market leaders among European equities since 2021 until the first half of 2023.

Persons: Richemont, Burkhart Grund, LVMH Moet Hennessy Louis Vuitton, Gucci, Ashley Wallace, Bernstein, Luca Sola, Rogerio Fujimori, Fujimori, Wallace, Stifel's Fujimori, there's, Richemont's Grund, —, Fujimori foresees, we've, Hermes, Brunello, Thomas Chauvet, Louis Vuitton, Brunello Cucinelli, LVMH, Dior, Markus Hansen, Hansen, America's Wallace, It's, Vontobel's Hansen, — CNBC's Michael Bloom Organizations: Cartier, Bank of America, U.S, U.S ., EU, Europe, Citi, Bank, Gucci, Bottega Locations: U.S, Europe, Japan, China, Southeast Asia, China's, Thursday's, Kering

☆ Asia helps Moncler sales to meet forecasts in third quarter
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: +1 min

[1/3] Moncler logo is seen displayed in this illustration taken, May 3, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsMILAN, Oct 26 (Reuters) - Sales at Italian luxury group Moncler (MONC.MI) rose 7% at constant exchange rates in the third quarter, meeting analyst expectations, thanks to growth in Asia and despite a decline in the Americas. Total sales reached 670 million euros ($705 million) in the July-September period, matching an analyst consensus provided by the company. The Moncler brand, which generates the largest part of group revenues, saw sales rise 9% at constant exchange rates, to 561 million euros, boosted by 22% growth in Asia. In the EMEA region, Moncler brand revenues grew 6% at constant exchange rates, "due to a normalisation in local consumption and a slower recovery of tourism flows compared to the first part of the year", the company said in a statement.

Persons: Dado Ruvic, Luciano Santel, Elisa Anzolin, Alvise Armellini, Keith Weir Organizations: REUTERS, Corporate, Thomson Locations: Asia, Americas

☆ LVMH may have to settle for a more humdrum future
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

The disappointing results knocked 6% off LVMH stock on Wednesday and dragged down rivals Richemont (CFR.S) and Kering (PRTP.PA) which also fell about 3%. That may compound investor worries about an overall slowdown of the company that’s behind Louis Vuitton and Christian Dior (DIOR.PA). And China’s economic slowdown and a possible U.S. recession make their future even more uncertain. LVMH is trading at 20 times its expected 2023 earnings after Wednesday's fall. If the less exuberant times keep rolling, LVMH may find itself settling for an even less luxurious valuation.

Persons: Richemont, Bernard Arnault’s, Louis Vuitton, Christian Dior, Karen Kwok, Aimee Donnellan, Streisand Neto Organizations: Reuters, UBS, Hermès, Reuters Graphics Reuters, Qantas, Thomson Locations: Asia, Japan, Brussels

"Gucci is the opportunity to fall in love with fashion, ancora," De Sarno said in a post on Instagram in the run-up to the show, using the Italian word for "again." Debut collections can generate mixed reactions, and even positive press reviews are not always a proxy for their future commercial success. Kering shares closed 1.5% higher after the show. At their current price, Kering shares are trading at the equivalent of around 14 times expected earnings over the next 12 months, according to LSEG data. Reporting by Mimosa Spencer and Elisa Anzolin, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

Persons: Sabato De Sarno, Kering, De Sabato, Kenneth Richard, Federico Giglio, Giglio.com, Gucci, De Sarno, De, Antoine Belge, Francois, Henri Pinault, Julia Roberts, Ryan Gosling, Louis, Dior, Alessandro Michele, Marco Bizzarri, Jean, Hermes, Mimosa Spencer, Elisa Anzolin, Silvia Aloisi Organizations: luxe, Reuters, Exane BNP, fashion's, Louis Vuitton, Moncler, Thomson Locations: Milan, Italy, New York, Chengdu, Bangkok, London, Brera

☆ 'Beat factor': Bank of America names top out-of-consensus global stocks to buy. Here are 12 of them
▼ + stars: | 2023-08-17 | by ( Lucy Handley | ) www.cnbc.com time to read: +1 min

Bank of America named a number of buy-rated European stocks its analysts are most positive on. The bank ranked stocks based on "beat factor" — its analysts' most out-of-consensus stock ideas based on price objectives and earnings estimates — in its Aug. 11 research note. The bank is 6% above consensus on the company, in terms of earnings per share for the 2023 fiscal year. Banks on BofA's beat list include Dutch firm ING and French company BNP Paribas . Small and midsized companies BofA also named several small-to-midsized firms on a list of European Beat Factor Top 10 stocks, all of which it is buy-rated on.

Persons: Banks, BofA Organizations: of America, Defense, Thales, ING, French, BNP, Smiths Group, Logitech, Wizz

☆ ‘And Just Like That …’ Episode 6 Fashion: No Way to Dress for the Weather
▼ + stars: | 2023-07-20 | by ( The Styles Desk | ) www.nytimes.com time to read: +1 min

In the new episode, the city is hit by a powerhouse of a snowstorm, but the protagonists have places to be. Lisa Todd Wexley (Nicole Ari Parker) is discussing her film at the Museum of Modern Art. Carrie (Sarah Jessica Parker) and Che (Sara Ramirez) have to get to “Widow Con.” And Charlotte (Kristin Davis) is out in the snow searching drugstores on a complicated motherly mission to help her daughter Lily. Ahead of Episode 6, members of The New York Times’s Styles desk discussed the coats, patterns and earmuffs on display — sometimes barely visible through the squall — in the latest installment of the series. Jeremy Allen Carrie’s sweeping Moncler coat by Valentino’s Pierpaolo Piccioli is a high point of this episode for me.

Persons: Carrie Bradshaw, Lisa Todd Wexley, Nicole Ari Parker, Carrie, Sarah Jessica Parker, Che, Sara Ramirez, Con, ”, Charlotte, Kristin Davis, Lily, Times’s Styles, Jeremy Allen Carrie’s, Pierpaolo Organizations: Museum of Modern Art, The Locations: New York

☆ Next Gucci CEO may have toughest job in luxury
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 19 (Reuters Breakingviews) - Gucci is getting a new look. Gucci took a harder hit during the pandemic than some mega-brand rivals, then struggled to bounce back. That’s way below the 10% and 15% rise brokers are pencilling in for Louis Vuitton and Christian Dior (DIOR.PA) respectively. All of that makes Gucci CEO job one of the most interesting in the luxury sector – but also possibly the toughest. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Gucci, Marco Bizzarri, Jean, François, Kering’s, Bizzarri, Roberto Eggs, Louis Vuitton, Christian Dior, Karen Kwok, Xavier Niel’s, Liam Proud, Streisand Neto Organizations: Reuters, Tuesday, Gucci, JPMorgan, Revenue, Alpha, Louis, Hermès, Barclays, Bain & Company, Twitter, Xavier Niel’s GAM, Commonwealth Games, Thomson Locations: Milan, Italian, Kering’s Paris, China, People’s Republic

☆ Luxury tests limits of its immunity to downturns
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 17 (Reuters Breakingviews) - Compagnie Financiere Richemont (CFR.S) is testing the limits of luxury’s immunity to downturns. Shares of other big luxury players, including $236 billion Hermes International (HRMS.PA) and $502 billion LVMH (LVMH.PA), also fell 4.2% and 3.7% respectively. The top 5% of wealthiest shoppers who are probably less sensitive to inflation drove around 40% of global luxury sales last year, according to Boston Consulting Group. Shares in the European luxury sector are on average up 69% since the start of the pandemic in 2020. Meanwhile, revenue in Asia, which makes up 40% of Richemont's revenue, grew 40% year-on-year in the last quarter.

Persons: Cartier, U.S . downer, Karen Kwok, George Hay, Sharon Lam Organizations: Reuters, Financiere, Hermes, Boston Consulting, Citi, U.S ., Twitter, Cathay, Thomson Locations: Asia

☆ Consumption soft even amid deep discounts during major China shopping festival, analysts say
▼ + stars: | 2023-06-18 | by ( ) www.cnbc.com time to read: +4 min

Chinese consumers snapped up billions worth of items in China's first major online shopping festival after emerging from the pandemic as merchants slashed prices, but analysts say that consumer confidence still remains weak. Chinese merchants offered customers steep discounts during the 618 shopping festival, which ran on China's major shopping platforms from the end of May until June 18, in the hopes of shoring up sales amid a weaker-than-expected recovery in consumption. Major shopping festivals, like e-commerce retailer JD.com's 618 and Alibaba's Singles' Day, are typically barometers of consumption in China, and Chinese e-commerce platforms often participate by offering discounts and incentives to consumers. Analysts say that consumption remains soft this year as China emerges from the pandemic, even as platforms including JD.com, Tmall, Taobao and Pinduoduo offered billions in subsidies. "For months, Chinese consumers have been price-conscious, looking for deals and trading down across most product categories," Rein said.

Persons: JD.com, Pinduoduo, Shaun Rein, Rein, Trudy Dai, Jacob Cooke, Lemaire, Chloe, Miu, Cooke Organizations: Analysts, China Market Research Group, WPIC, Brands, Burberry Locations: China, Shanghai, Alibaba's, Covid

☆ Moncler can inspire Golden Goose’s next step
▼ + stars: | 2023-06-15 | by ( Lisa Jucca | ) www.reuters.com time to read: +3 min

MILAN, June 15 (Reuters Breakingviews) - Golden Goose may be close to laying another precious egg. Remo Ruffini’s brand could provide an inspiration for Golden Goose’s next step, or a solution. Golden Goose’s rapid growth makes it a good time for Permira to consider an exit, as reported by Bloomberg. On the same 14 times forward multiple as Moncler, Golden Goose would be worth 2.7 billion euros. Golden Goose’s next golden egg may land not far from home.

Persons: Reuters Breakingviews, Remo Ruffini’s, Golden Goose’s, Permira, Silvio Campara, LVMH, Ruffini, Golden, Neil Unmack, Katrina Hamlin Organizations: MILAN, Reuters, Permira, Bloomberg, Carlyle, Gucci, Twitter, Thomson Locations: Europe, Milan, EBITDA, Moncler, Italian, Golden

But with flights remaining limited after China's border reopening in January, European luxury stores will need to wait longer for the return of masses of tourists they once depended on for growth. The average transaction value by Chinese travellers in Europe in March was 28% above 2019 levels, UBS said, citing data from VAT refund provider Planet. Cartier-owner Richemont (CFR.S), Hermes (HRMS.PA) and LVMH were best placed to benefit from wealthy Chinese shoppers, UBS added. As wealthy Chinese return to Europe and other foreign destinations, the appeal of China's Hainan Island, a duty free shopping hotspot, appears to be waning among top luxury spenders. China's "higher income, top luxury spenders (are) already travelling abroad again," she said, leading to an observable lower per-capita spend in Hainan.

☆ Luxury stocks are on a tear and now there's an index to follow the 1%
▼ + stars: | 2023-04-20 | by ( Bob Pisani | ) www.cnbc.com time to read: +2 min

Luxury stocks are on a tear, and they are pulling away from the other 99% of the world. Birinyi Associates sees an opportunity. LVMH is the largest luxury firm in the world. Rubin and Birinyi have created two new indexes to monitor all this money: the "1% Index" that consists of 16 luxury stocks, and the "99% Index" made up of 18 stocks that is, well, where the rest of us shops. Since the beginning of April, the 99% is making a comeback: The 1% vs. the 99% (since April 1) 1% index: + 3% 99% index: + 12% Source: Birinyi Associates What's happening?

☆ Adidas, burnt by Kanye West split, seeks a new focus
▼ + stars: | 2023-03-08 | by ( Helen Reid | ) www.reuters.com time to read: +4 min

[1/2] Adidas Yeezy shoes are seen in a store on the day Adidas terminated its partnership with the American rapper and designer Kanye West, now known as Ye, in Garden City, New York, U.S., October 25, 2022. Speaking to reporters on Wednesday, Gulden said Adidas would keep partnering not just with athletes but celebrities and artists. "You build credibility as a performance brand by being with athletes, but there's very few athletes that you can do lifestyle with." Gulden did, however, hint at a change of emphasis at Adidas, saying the company needs to refocus on its core. The Jordan brand brought in $5.1 billion of sales in Nike's 2022 fiscal year, up 7% from 2021, according to the company's 2022 annual report.

[1/2] Customers shop at a mall ahead of the Chinese Lunar New Year, in Beijing, China January 15, 2023. REUTERS/Tingshu Wang/File PhotoLONDON/MILAN/FRANKFURT/NEW YORK, March 1 (Reuters) - The world's top consumer and luxury goods companies have seen sales of everything from cosmetics to condoms grow in China since Beijing ended strict COVID-19 curbs, another sign that the world's No. Tourism from China was helping sales in neighbouring Macau, Hong Kong, Taiwan and even Japan, he added. Reckitt Benckiser, which makes Nurofen tablets, cold remedy Lemsip and Durex, saw a pick-up in China after a decline in volumes because of lockdowns. U.S. retailer Walmart Inc (WMT.N), which operates nearly 400 retail and wholesale stores in China, reported strong traffic in its stores since reopening.

☆ Moncler Genius presents new 'co-creators' at London Fashion Week show
▼ + stars: | 2023-02-21 | by ( ) www.reuters.com time to read: +1 min

LONDON, Feb 20 (Reuters) - Italian luxury brand Moncler unveiled an expansion of its Moncler Genius collaborations project at London Fashion Week on Monday, introducing new "co-creators" in the realms of art, music, design and sport. For Williams' "Art of the Terrain" concept, models dressed in khaki camping outerwear walked around a set covered in grass. Others posed in a range of colourful puffer jackets, coats and gloves at the Adidas space. Earlier this month, Moncler (MONC.MI) said it was evolving from the Moncler Genius fashion collaborations project it launched in 2018, where guest designers presented different versions of its jackets, "to a platform for co-creation across different industries". The Monday evening show drew famous faces from the worlds of entertainment, fashion and sport, including the likes of Serena Williams and Lewis Hamilton.

PARIS, Feb 14 (Reuters) - LVMH (LVMH.PA) top label Louis Vuitton said on Tuesday it has hired Pharrell Williams to head artistic direction of its menswear designs, tapping a popular figure from the music industry to fill the high-profile position left vacant since the passing of star designer Virgil Abloh over a year ago. "Louis Vuitton is delighted to welcome @Pharrell as its new Men’s Creative Director", Louis Vuitton said in a tweet, confirming earlier reports from the Wall Street Journal and the French daily Le Figaro. loadingWilliams' first collection for the label will be shown in June during Men's Fashion Week in Paris, the brand added. Williams rose to fame in the music business as a producer and singer with hits including "Happy" and "Blurred Lines." "Happy," written for the animated movie "Despicable Me 2," earned Williams one of his two Oscar nominations.

☆ Hoka shoes have their haters, but their popularity is growing, largely thanks Gen Z and millennial women
▼ + stars: | 2023-02-03 | by ( Danni Santana | ) www.businessinsider.com time to read: +3 min

Hoka One One grew sales 90% to $352 million in its fiscal third quarter, ending December 31. According to Deckers CEO David Powers, Hoka is seeing significant growth in the 18-34 consumer demographic. Gen Z and millennial women have especially driven sales growth for Hoka by regularly visiting the brand's website to view what's new and purchasing shoes, Powers said. "But you're seeing teenage girls and boys trading from traditional athletic brands into Hoka and raving about it." Deckers company sales grew to $1.3 billion in the third quarter, increasing 13% compared to the same period last year.

☆ Europe's luxury stocks have room to rise, but becoming costly
▼ + stars: | 2023-01-31 | by ( Lucy Raitano | ) www.reuters.com time to read: +5 min

REUTERS/Sarah Meyssonnier/FilesLONDON, Jan 31 (Reuters) - Europe's glittering luxury companies, the region's top stock-market performers in 2023, may see yet more gains driven by a rebound in Chinese spending, but for some the sector is starting to look expensive. An index of European luxury goods retailers (.dMIEU0TA00PUS) has rallied around 18% so far this year, outperforming the wider pan-European STOXX 600 (.STOXX), which is up 6.2% in the same time frame. But the fact that luxury goods companies are not as cheap as they once were is a "concern/point of attention", said Kasper Elmgreen, Head of Equities at Amundi, Europe's largest asset manager. Jelena Sokolova, senior equity analyst at Morningstar, said that China reopening is the key issue for European luxury stocks this year, and is already at least 50% priced in. These shares have more room to run higher as Chinese consumers hit the shops again and luxury companies flex their pricing power.

☆ How Milan’s Seafood King Made Langosteria a Must for Foodies and Fashionistas Alike
▼ + stars: | 2023-01-22 | by ( Jay Cheshes | Photography Danilo Scarpati For Wsj. Magazine | ) www.wsj.com time to read: +1 min

Langosteria CEO Enrico Buonocore at one of the restaurant group’s four Milan outposts. And the waitstaff navigate the 150-seat dining room and an equally expansive terrace in parka-topped uniforms custom-made by Moncler . “It’s Langosteria, but Langosteria in the mountains,” says founder Enrico Buonocore, 46, of the Swiss outpost of his fashion-world haunt, a destination for seafood since 2007. “Our restaurants are not copy and paste, all are unique projects. The layout is the same, the gastronomic line is the same, but the restaurant is different.”

Nudged by private equity funds, those supplying the booming luxury goods industry are now finding strength in unity. Largely family-owned and small in size, these businesses often struggle to meet the changing needs of the luxury brands they work for. "Luxury brands have been growing exponentially: our customers needed us to grow with them," said Nicola Giuntini, whose Tuscany-based company makes luxury coats and jackets for brands including Celine, Burberry (BRBY.L) and Stella McCartney. PRODUCTION NICHESItaly's manufacturing sector has also been a hunting ground for big luxury brands keen to secure their supply chain. Italian private equity firm XENON International, for example, has bet on producers of materials and finishes for luxury items which it has grouped together in MinervaHub.

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