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American luxury-goods companies have long wanted to build a multibrand rival to take on the European giants that dominate the industry. Tapestry and Capri said the deal could lower their costs by $200 million over the next three years. Tapestry is taking on a lot of debt via an $8 billion bridge loan — the largest M.&A. And Capri depends heavily on Michael Kors, which generates 70 percent of its revenue. By comparison, Versace, Capri’s only real luxury brand, accounts for just a fifth of sales.

Persons: Kate Spade, Michael Kors, Versace, Tapestry, Salvatore Ferragamo, They’ve, Capri, Capri’s Organizations: Burberry, Street

☆ Fall’s Sinuous New Silhouettes
▼ + stars: | 2023-08-09 | by ( Bharat Sikka | Raphael Hirsch | ) www.nytimes.com time to read: 1 min

From left:dress, price on request, versace.com earrings, $1,200, balenciaga.com shoes, $640, guirosa.com ; and stylist’s own bracelets and tights.top, $6,500, and skirt, $5,500;shoes, $840;earrings; model’s own nose ring (worn throughout); and stylist’s own bracelets and tights.dress, $3,800, ferragamo.com shoes, $840; and stylist’s own bracelets and tights. From left: Versace dress, price on request, versace.com; Balenciaga earrings, $1,200, balenciaga.com; Gui Rosa shoes, $640, guirosa.com; and stylist’s own bracelets and tights. Versace top, $6,500, and skirt, $5,500; Gui Rosa shoes, $840; Balenciaga earrings; model’s own nose ring (worn throughout); and stylist’s own bracelets and tights. Ferragamo dress, $3,800, ferragamo.com; Gui Rosa shoes, $840; and stylist’s own bracelets and tights.Credit...Photograph by Bharat Sikka. Styled by Raphael Hirsch

Persons: Gui Rosa, Versace, Bharat Sikka, Raphael Hirsch

☆ Want to Look Cooler (and Possibly Taller)? Consider These Pants
▼ + stars: | 2023-07-29 | by ( Charlie Teasdale | ) www.wsj.com time to read: 1 min

AT A MAY awards show, Oscar Isaac, the 44-year-old actor known for his cool-dad style, smoldered in a slate-blue outfit. Elegant and restrained, the monochrome Ferragamo ensemble had one particularly memorable feature: Its trousers kicked out, subtly, at the hems. That gave it a hint of “Saturday Night Fever” swagger, said Michael Fisher, the stylist behind the look, without suggesting Isaac was eager to boogie to the Bee Gees. When done right, said Fisher, flares “add a cool factor without looking like you’re trying too hard.”

Persons: Oscar Isaac, Michael Fisher, Isaac, Fisher Organizations: Bee

"The luxury industry seems to be outperforming the consumer market as a whole in China, but you know, really, almost everyone you speak to, there's a level of uncertainty," said Agility's managing director Amrita Banta. "There's a level of not feeling entirely comfortable with their future economic position that is really affecting almost everybody in China." Those factors disproportionately affect "aspirational" luxury customers who can easily live without another Gucci bag or $900 pair of sneakers. In China, luxury consumers are younger than in the rest of the world with an average age of 28, according to BCG - something companies had seen as positive for future growth. "In the trends that I'm seeing in the U.S. and also in China, more aspirational younger consumers are feeling more of a pain," Morningstar senior equity analyst Jelena Sokolova said.

Persons: Richemont, splurge, Morgan Stanley, Hermes, Chanel, Amrita Banta, Dior, Balenciaga, Gucci, Jelena Sokolova, HSBC's Erwan, Rambourg, Casey Hall, Mimosa Spencer, Catherine Evans Organizations: Cartier, Citigroup, Richemont, Citi, LVMH, Bain, Morningstar, Thomson Locations: SHANGHAI, PARIS, China, North America, Wuhan, Zhengzhou, Charlotte, Nashville, Swiss, Americas, Asia, United States, luxury's, U.S, Japan

☆ 33 non-Prime Day Alternative Sales to Shop from Walmart, Macy’s & More
▼ + stars: | 2023-07-12 | by ( Bellamy Richardson | ) www.wsj.com time to read: +20 min

For these two days, take 25% off select items as well as 15% off select beauty products by using the code CYBER at checkout. Everlane Best of SaleThe deal: Various discounts sitewideLooking to add some classic summer essentials to your wardrobe for the warmer weather? Lands’ End High-Summer SaleThe deal: 50% offHeading to the beach and need a new swimsuit? Our Place Summer SaleThe deal: 20% off select itemsFrom now through July 12, upgrade your cookware collection and take 20% off select items from Our Place for its Summer Sale. Sephora Top Skincare SaleThe deal: Up to 50% off top skincare itemsYou can save up to 50% off top skincare picks through July 15.

Persons: Bellamy Richardson, Alex Mill, “, Cabeau, Peter Thomas Roth, Huckberry, Ripstop, Macy’s, Michael Kors, you’ve, Samsonite, Spinner —, —, LUNA, Pearl Pink, Kate Somerville, grillers, Gray Organizations: Amazon, Amazon Prime, USA, GOLS, Stainless Steel, Macbook, Walmart, Target, Samsung, LG, Sony, LG Smart, Brooklinen, Cabeau, Soho, Rockies, Black, Nike, Nike Air Max, Saks, Saks Fifth, Sale, Sun, Dyson, Lenovo, Thermoworks, Savings, Urban, Big Deal, Urban Outfitters, Party Locations: California, Kalamata, Bone, Zion, Black, Caribbean, Tres, Wayfair, White

☆ Ferragamo's CFO Alessandro Corsi resigns
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: 1 min

MILAN, June 30 (Reuters) - Italian luxury group Salvatore Ferragamo (SFER.MI) said on Friday that its Chief Financial Officer Alessandro Corsi would resign with effect from Sept.30 to take on "a new professional challenge". Corsi has been Ferragamo's CFO since January 2019. He is expected to become chief executive of a non-listed company which is not a rival of Ferragamo, a source close to the matter said. Reporting by Elisa Anzolin, editing by Alvise ArmelliniOur Standards: The Thomson Reuters Trust Principles.

Persons: Salvatore Ferragamo, Alessandro Corsi, Corsi, Elisa Anzolin, Alvise Organizations: MILAN, Thomson Locations: Ferragamo

☆ Judith Miller, ‘Antiques Roadshow’ Mainstay, Is Dead at 71
▼ + stars: | 2023-05-06 | by ( Penelope Green | ) www.nytimes.com time to read: +2 min

Judith Miller, the author of popular antiques price guides and a member of the team of appraisers who determined what was trash and what was treasure on “Antiques Roadshow,” the beloved long-running BBC program that inspired the American series of the same name, died on April 8 in North London. Once, Mr. Wainwright recalled, at the reception for his mother’s funeral, a woman approached Ms. Miller and pulled a plate out from under her coat, wondering what it might be worth. Ms. Miller’s books, updated regularly, are encyclopedic in their range and eclectic in their categories. They describe thousands of objects — the current antiques edition lists more than 8,000 — each illustrated by a sumptuous color photograph. There were the usual suspects, like Royal Doulton Art Deco teacups and saucers, Meissen pottery, Murano glass and pages of Scandinavian ceramics.

☆ Black dominates at Dolce & Gabbana, Ferragamo back goes to old Hollywood
▼ + stars: | 2023-02-25 | by ( ) www.reuters.com time to read: +2 min

[1/5] A model presents a creation from the Dolce & Gabbana Fall/Winter 2023/2024 collection during Fashion Week in Milan, Italy, February 25, 2023. The duo Domenico Dolce and Stefano Gabbana opened their autumn/winter 2023-2024 show with a black sheer dress accessorised with a furry collar and black gloves. Cropped black jackets and trousers were worn with white shirts and black ties in the collection called "Sensual". Dolce & Gabbana also had shiny gold and silver designs, including draped dresses and belted macs. Milan Fashion Week wraps on Monday.

☆ Former NYC corrections union chief convicted of bribery wins early prison release
▼ + stars: | 2023-02-24 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

[1/2] Norman Seabrook, (C) the head of New York City's prison guard union, exits the Manhattan District court house in New York, U.S., July 22, 2016. Seabrook, 63, the former head of the Correction Officers' Benevolent Association, has spent 21 months in prison after unsuccessfully appealing his August 2018 conviction. "The sentence Huberfeld originally received reflected an approximate equivalence between the conduct of the bribe giver, Huberfeld, and the bribe taker, Seabrook," Hellerstein wrote. The correction officers union has about 20,000 active and retired members. The case is U.S. v Seabrook, U.S. District Court, Southern District of New York, No.

BEIJING, Feb 7 (Reuters) - China's luxury market contracted 10% in 2022 on the year, snapping a five-year streak of high growth, as Beijing's zero-COVID policy and a slowing economy hit spending, Bain & Company said in a report on Tuesday. The luxury market grew 42% annually between 2019 and 2021 but its fortunes changed in 2022, after China doubled down on stamping out COVID-19 with city-wide lockdowns and a regulatory crackdown hit the property sector and fuelled unemployment. The figure compared to growth of 1% between 2012 and 2016, and a 26% increase in sales between 2016 and 2019, Bain said. Mirroring recent results from the likes of French luxury goods group LVMH (LVMH.PA) and Italy's Salvatore Ferragamo (SFER.MI) for 2022, Bain said all luxury categories were affected to varying degrees during the year. While categories with high online penetration, such as luxury beauty, suffered single-digit declines, the watch market fell the most, with sales dropping 20% to 25% from 2021.

☆ How a 27-Year-Old Designer Is Reviving Your Grandma’s Favorite Shoe Brand
▼ + stars: | 2023-02-06 | by ( Rory Satran | Photography Joshua Woods For Wsj. Magazine | ) www.wsj.com time to read: +1 min

“Honestly, it’s a huge machine,” Davis continues, referring to the company that Ferragamo launched in 1927. Ferragamo had six children with his wife, Wanda, a powerful matriarch who oversaw the company after her husband’s death in 1960. The Ferragamo family is still involved, owning about 65 percent of the publicly traded company’s shares, with the couple’s son Leonardo serving as chairman of the board. On that first day, Davis met his new assistant, who showed him around and introduced him to the different teams he’d be working with. “Obviously, I had trouble remembering everyone’s names because I think it’s 17 designers, but it was exciting,” he says.

☆ H&M highlights fast-fashion gloom as luxury takes hit in China
▼ + stars: | 2023-01-27 | by ( ) www.reuters.com time to read: +4 min

Shares in H&M, the world's No. 2 fashion retailer, fell as much as 6% in early trade after quarterly operating profit sank to 821 million Swedish crowns ($79.7 million) from 6.26 billion a year earlier. Zara has outperformed rivals after selling higher-priced garments and enticing shoppers who might have otherwise spent money at luxury stores. Disappointment over the impact of the China disruptions on its margins caused a record-breaking run in LVMH shares to briefly halt on Friday. The luxury industry is nevertheless expected to be one of the biggest winners from the loosening of restrictions that kept shoppers out of stores in China for months.

☆ European Luxury Shares Rise on Easing of Chinese Border Restrictions
▼ + stars: | 2022-12-27 | by ( Nick Kostov | ) www.wsj.com time to read: 1 min

Chinese consumers are important for luxury-goods companies such as Hermès, LVMH and Gucci. PARIS—Shares in European luxury retailers rose Tuesday on investor hopes of renewed Chinese tourist spending after Beijing said it planned to ease pandemic-related border restrictions. Luxury goods giant LVMH Moët Hennessy Louis Vuitton SE advanced as much as 2.5% in Paris while Kering SA, owner of the Gucci and Saint Laurent brands, rose as much as 2.2% and Birkin-bag maker Hermès International SCA advanced more than 2%. In Milan, shares in Moncler SpA, Tod’s SpA and Salvatore Ferragamo SpA also rose.

☆ I styled Anna Sorokin while she was on house arrest. She was way funnier than her 'Inventing Anna' character, and her taste in fashion and art is incredible.
▼ + stars: | 2022-12-14 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +6 min

He styled Anna Sorokin for an interview from her home, where she is on house arrest. Anna Sorokin, or Anna Delvey, as she was known as in her scamming days, is different from the character on "Inventing Anna." At the time, I had watched only the first half of "Inventing Anna" — just bits and pieces here and there. When we got there, there was a whole glam team of makeup artists and hairstylists who got to work on Anna and Kenneth. Pop culture has the ability to make anyone into an entire brand, and Anna has pop culture's attention.

☆ Premarket stocks: Wall Street bonus outlook is grim
▼ + stars: | 2022-11-16 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN Business —Ferragamo belt-buckles are being tightened across Wall Street as bankers prepare for a gloomy bonus season. “This is a canary in the coalmine for the economy, if the canary dies that’s not good for anybody,” said Johnson. In recent years, Amazon has gradually been growing its footprint in the health care sector. Earlier this year, Amazon agreed to acquire One Medical, a membership-based primary care service, for $3.9 billion. The big picture: Amazon isn’t the only Big Tech company attempting to cash-in on a chunk of the health care industry.

☆ Family's exit from Ferragamo is "out of the question", chairman says
▼ + stars: | 2022-10-12 | by ( ) www.reuters.com time to read: +1 min

MILAN, Oct 12 (Reuters) - The Ferragamo family does not plan to exit the eponymous luxury company as it is committed to further developing the brand worldwide, Chairman Leonardo Ferragamo told Reuters on Wednesday. Rumours of a possible stake sale by the family, which holds a 64% stake in the luxury company (SFER.MI), have been recurring every now and then, but have always been denied. Ferragamo added he hoped the China market could soon return to normal. In the second quarter, the Italian luxury group saw a slight slowdown of its business in China due to COVID-19 restrictions, though overall group sales in the first half of the year were still better than expected. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Giancarlo Navach, writing by Gianluca Semeraro, editing by Cristina CarlevaroOur Standards: The Thomson Reuters Trust Principles.

☆ Italy’s loafer king can afford to be more generous
▼ + stars: | 2022-09-29 | by ( ) www.reuters.com time to read: +2 min

MILAN, Sept 29 (Reuters Breakingviews) - Tod’s (TOD.MI) founder Diego Della Valle is seeking to delist his bling shoemaker on the cheap. The Italian tycoon on Monday launched a takeover bid at 40 euros a share for the company he controls with a 65% stake. Investor Tabor Asset Management believes that, taken separately, the Italian group’s brands warrant an offer of at least 76 euros a share. That would push the price tag to 60 euros a share, 50% above the current offer, Breakingviews calculations show. With so much hidden value to reap, Della Valle can probably afford to be a tad more generous.

☆ It’s a Witch! It’s a Pilgrim! It’s a Y2K Raver! Why Square-Toe Shoes Are Back in Style.
▼ + stars: | 2022-09-24 | by ( Faran Krentcil | ) www.wsj.com time to read: +1 min

Instead, she singles out a pair of square-toe shoes by French brand Courrèges. The digital-trend tracker Semrush notes a 2,500% jump in web searches for “square toed shoes for women” between July 2021 and July 2022. Meanwhile, the online shopping platform Lyst features over 24,500 square-toe women’s shoes including a faux-leather update of Ms. Cleveland’s Courrèges pair and other Judy Jetson-ish riffs from Dries Van Noten and Rupert Sanderson. The trend also points to ballet’s pointe shoes, which inspired recent versions by Sandy Liang, Mansur Gavriel and Khaite. Actress Selma Blair, meanwhile, says her square-toe loafers from Salvatore Ferragamo are “the grandma shoes that I love.” (She currently sports them with cuffed khakis in her new Gap campaign.)

☆ It’s a Witch! It’s a Pilgrim! It’s a Y2K Raver! Why Square-Toe Shoes Are Back in Style
▼ + stars: | 2022-09-23 | by ( Faran Krentcil | ) www.wsj.com time to read: +1 min

Instead, she singles out a pair of square-toe shoes by French brand Courrèges. The digital-trend tracker SEM Rush notes a 2,500% jump in web searches for “square toed shoes for women” between July 2021 and July 2022. Meanwhile, the online shopping platform Lyst features over 24,500 square-toe women’s shoes including a faux-leather update of Ms. Cleveland’s Courrèges pair and other Judy Jetson-ish riffs from Dries Van Noten and Rupert Sanderson. The trend also points to ballet’s pointe shoes, which inspired recent versions by Sandy Liang, Mansur Gavriel and Khaite. Actress Selma Blair, meanwhile, says her square-toe loafers from Salvatore Ferragamo are “the grandma shoes that I love.” (She currently sports them with cuffed khakis in her new Gap campaign.)

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