Carlotta Audino

👜 👚 The intersection of luxury fashion and ethical sourcing often raises complex questions about the balance between profit and social responsibility. One such case study is Loro Piana an esteemed Italian luxury brand celebrated for its mastery of high-end clothing and accessories, particularly renowned for its use of premium natural fibers like vicuña. 😑 🔎 However, behind the opulent façade lies a story of controversy and ethical concerns, particularly in relation to the exploitation of indigenous communities and the conservation of the vicuña species. ❌ 💔 We invite you to learn more at the article written by the CEO Karyna Prieto at:  https://lnkd.in/drK2MXFh #LuxuryFashion #EthicalSourcing #VicuñaConservation #IndigenousRights #PeruvianCommunities #SustainableFashion #LoroPiana #SocialResponsibility #WildlifeConservation #FairTrade #TheGreenSideofPink

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Young consumers less attracted to luxury brands, Bain says Altagamma, the association that promotes #luxury brands producing in #Italy, held the 2024 edition of its Observatory event in Milan on November 13. This was the twenty-third edition of the event, which analyses the situation in the global luxury industry. One headline finding from the event, based on research from analyst firm Bain & Company, is that the personal luxury goods market could finish 2024 with a fall in value of 2% year on year. Bain said high-end consumers were reducing their spending and that younger consumers appear to be less attracted to luxury brands than previous generations. “As the customer-base shrinks,” it said, “engaging top customers, who now have a growing share of luxury consumption, is more crucial than ever.” Image: Gucci. leatherbiz.com/News/170237 #leather #leathergoods

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Valentino’s revenues fell 3 percent at constant exchange rates to €1.35 billion ($1.44) last year, the Roman fashion house said today. Operating profit fell 18 percent to €99 million. The drop was driven by a “challenging” European market in the second half of the year, as well as efforts to reduce its exposure to wholesalers. Direct sales rose 3 percent in 2023, Valentino said, while its perfume and beauty line operated by L'Oréal flourished, with turnover jumping 42 percent. Many smaller Italian houses have struggled to navigate a slowing luxury market last year even as French giants LVMH and Hermès surged ahead. At Valentino, the results help to explain owner Mayhoola’s decision to shake up the brand’s aesthetic, bringing on former Gucci designer Alessandro Michele to succeed longtime creative director Pierpaolo Piccioli. While Piccioli continued to stage celebrated haute couture outings in recent seasons, the brand has struggled to generate broad excitement for its commercial offer. While Valentino has a devoted following for its high-end ready-to-wear, the wider business still depends heavily on a handful of commercial pieces like its studded bags and “Vlogo” belts. Read the full story below by BoF's Robert Williams to further understand the brand's full-year sale results. #Valentino #PierpaoloPiccioli #AlessandroMichele

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ARMANI IS IN THE PROCESS OF DEVELOPING HIS SUCCESSION PLAN METAVERSE FASHION MAGAZINE Giorgio Armani, the venerable designer who has staunchly defended the independence of his fashion empire for decades, is now signaling a shift in approach towards potential mergers or even an initial public offering (IPO) as part of his succession plan. As he approaches his 90th birthday, Armani is contemplating significant changes for his Italian fashion powerhouse once he steps down from his leadership role. Having steadfastly maintained autonomy amidst the waves of mergers and acquisitions in the luxury sector, Armani now acknowledges the possibility of his firm aligning with a larger competitor or going public. "Independence from large groups could still be a driving value for the Armani Group in the future, but I don’t feel I can rule anything out. What has always characterised the success of my work is an ability to adapt to changing timesIndependence from large groups could still be a guiding principle for the Armani Group in the future, but I am open to exploring all options," Armani stated in a written interview. This shift in stance is notable for Armani, who ascended from a Milan window dresser to establish one of the world's foremost luxury brands while retaining tight control over its operations. His future plans, a topic long shrouded in mystery due to his reluctance to discuss succession, are now a subject of industry speculation. Armani, however, emphasizes that any decisions regarding the company's future will be left to his successors. While Armani currently does not foresee a takeover by a luxury conglomerate, he refuses to dismiss any possibilities outright, considering such a stance unbecoming of an entrepreneur. Moreover, he now entertains the notion of an eventual IPO, though such discussions have yet to take place. Amidst this uncertainty, Italy's luxury landscape remains characterized by family-owned entities like Salvatore Ferragamo, Prada, Moncler, and Ermenegildo Zegna, lacking the scale of their French counterparts. Armani's cautionary note regarding the encroachment of larger luxury conglomerates underscores the delicate balance between growth opportunities and preserving brand identity. Regarding succession, Armani envisions a scenario where a trusted group of individuals, including long-time associates and family members, would steer the company forward. He emphasizes the pivotal role of his company's foundation in shaping its future direction, underscoring the collective leadership approach over a singular successor. https://lnkd.in/gw8ea5b3 #investment #fashion #ai #ar #metaverse

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✺ Luxury growth is a sustainability issue. The Bain & Company and Altagamma Global Personal Luxury Goods Market monitor is out led by Claudia D'Arpizio and Federica Levato. ╰┈➤ A decline by 2% to €363 billion is expected ahead of the year’s busiest shopping periods. ╰┈➤ Japan and Southern Europe remain strong and the US is on an upward trajectory. China and Korea have not been without their challenges. ╰┈➤ Winning categories: beauty, eyewear and jewellery. Struggling categories: watches and shoes. ╰┈➤ Only a third of brands are expected to exit 2024 with positive growth. Ther pressure to be profitable is heightened. ╰┈➤ Back to the sustainability element. -Brands that are not profitable are not economically sustainable in the long run. -Declining growth is a risk to produced stock that has to make room for next season’s offering without brand damaging reductions. -Gone are the days where obsolescence is dealt with by destroying stock- your best circular solutions need to be readied. -The markets demand growth- this is at odds with what’s needed to continue operating sustainably. -Without profitability- sustainability initiatives that are already being challenged with value creation will unlikely be executed. What are your thoughts on how luxury brands can grow in 2024?

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👗 New Equity Research Report on Prada S.p.A.! 👗 We're thrilled to share our comprehensive analysis of Prada, a global leader in luxury fashion. The report covers: 📈 Financial Performance: Solid Q1 2024 results and promising future outlook. 🌟 Key Catalysts: Increasing purchasing power, the YOLO trend, and digital innovation. 📉 Risks and Mitigations: Supply chain disruptions, economic downturns, and brand-specific challenges. 🛍️ Recent Developments: €1bn investment in retail strategy and production facility expansions. Discover how Prada is navigating the luxury market and driving growth. Read the full report for detailed insights! #EquityResearch #Prada #LuxuryFashion #MarketTrends #FinancialAnalysis #InvestmentInsights #RetailStrategy Read the full report here:

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𝐒𝐥𝐢𝐠𝐡𝐭 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐭𝐡𝐞 𝐚𝐭𝐭𝐞𝐧𝐝𝐚𝐧𝐜𝐞 𝐨𝐟 𝐟𝐨𝐫𝐞𝐢𝐠𝐧 𝐛𝐮𝐲𝐞𝐫𝐬 𝐚𝐭 𝐏𝐢𝐭𝐭𝐢 𝐔𝐨𝐦𝐨 The first data on the final turnout at the men’s fashion fair in Florence indicates a slight increase in the number of foreign buyers, but a decrease in the number of Italian ones. Pitti Uomo, held from the 11th to the 14th of June at the Fortezza Basso in Florence, recorded a total attendance of 11,500 buyers, with 46% (5,300) coming from abroad. Although this is a significant figure, it falls short of the 20% growth recorded in last year’s June edition. On the other hand, in line with earlier expectations, the number of Italian buyers fell by 7%. “The confirmation of international buyers - those who make the market and indicate the direction - are important indicators for exhibitors, they give confidence and perspective. The number of Italian attendees, however, does not confirm the results of 2023, they decreased by 7%, but I must say that this was widely expected, considering the closure of many shops in the last two, three year, and the less than dynamic trend of internal consumption”, commented Raffaello Napoleone, CEO of Pitti. France, the US and the UK once again proved to be some of the most important foreign markets present at Pitti. But the organisation also highlighted the “growth of Central and Northern Europe”, including Germany (with a 15% increase in buyers to 680), the Netherlands, Austria, Belgium, and the Baltic countries, as well as “the surprising increase in Eastern Europe”, including Poland, the Czech Republic, Serbia, Hungary, and Bulgaria. Napoleone also noted that Asian markets are continuing their recovery trend, highlighting the presence of newcomers such as Singapore, Indonesia, Thailand and Mongolia, “and the exploits of key markets such as Turkey and Kazakhstan”. Source: World Footwear Warm regards, 𝐓𝐡𝐞 𝐀𝐫𝐨𝐮𝐧𝐝 𝐅𝐨𝐨𝐭𝐰𝐞𝐚𝐫 𝐓𝐞𝐚𝐦 #AroundFootwear #ElevateStrideTogether #InnovationInEveryStride #footwearjourney #pittiuomo

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I recently read Sarah Kent’s Business of Fashion article, which highlights a significant gap between the luxury brands' narratives of heritage and craftsmanship and the reality of unethical labour practices in their supply chains. This raises key questions for the future of luxury fashion, especially in a market where transparency and ethics matter more than ever to consumers. We wonder why consumer spending has changed and brands that were the go-to brands are now not. At Frame Perfect, we believe the solution lies in building stronger, more transparent partnerships between brands and their production teams. Prioritizing ethical sourcing, fair wages, and worker welfare is essential to maintaining both integrity and trust. Read Sarah’s story: “Inside Luxury’s Italian Sweatshops Problem" - https://lnkd.in/exYprXFg #EthicalFashion #Transparency #Sustainability #LuxuryFashion #Leadership

Why Focus on the Negative in Fashion? It's Time to Embrace New Opportunities I have been reflecting on the just published  McKinsey report on The state of Fashion for 2025  highlighted 3 key challenges facing the global fashion industry 1)80% of executives anticipate no improvement in the industry by 2025. 2)Sustainability is losing priority, with only 18% of executives listing it as a top-three risk for growth in 2025, down from 29% in 2024. 3)70% of executives cite a lack of consumer confidence and spending appetite as their greatest concern for the year ahead. But isn’t it time we shift the narrative to focus on opportunities rather than obstacles? If the conclusions of the report were framed differently, they could inspire optimism and ambition- maybe like this: 1)Despite the challenges, 20% of brands expect an increase in turnover by 2025. 2)While sustainability has slipped as a priority for some, brands that embrace it may find it a driver for sales growth. 3) 30% of fashion executives are confident they can improve sales despite concerns about consumer confidence. At FNAD FashionNetAntonDell we champion a positive and creative approach to growth. With 30 years of experience, we know that staying one step ahead of competitors is the key to driving turnover. We empower brands to seize remarkable opportunities and expand into new markets. While some markets face challenges, others are thriving. For example, the Asian market offers significant growth potential, and we have the expertise to help brands succeed there. Let’s focus on what works and embrace the possibilities. Now is the time to act. What are your thoughts on how the fashion industry can transform its challenges into opportunities?

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🌍✨ A New Era for Luxury: Leading the Charge Towards Circularity! 🌿♻️ Exciting developments in the luxury sector as CHANEL, LVMH, and Kering intensify their commitment to #circular practices! 🚀 The recent appointment of Sophie B. to lead Chanel’s new division focused on #circularity marks a pivotal moment. By embracing circular design, material regeneration, and optimizing value chains, these industry leaders are setting a new standard in the consumer landscape. 👏 In 2024, the global luxury goods market is projected to reach approximately €1.5 trillion, reflecting an 8-10% growth over 2023. (Source: https://lnkd.in/e7d9FyTx) The fashion industry, a significant segment of the luxury market, accounts for about 4% of global greenhouse gas (GHG) emissions, equating to 2.1 billion metric tons annually. (Source: https://lnkd.in/d-tYu36) Implementing circular practices—such as regenerative materials, closed-loop systems, and carbon-negative value chains—can substantially reduce the environmental footprint of the luxury sector. For instance, adopting these strategies could decrease the fashion industry's emissions by up to 50% by 2030. (Source: https://lnkd.in/d-tYu36) At Spin Ventures, we share this vision. Through our House of Circularity platform, we drive non-extractive solutions that enhance operational efficiencies and create new revenue streams. 🌱 We actively partner with forward-thinking corporations to implement closed-loop systems and transformative technologies that unlock measurable, profitable change. The alignment of Chanel, LVMH, and Kering’s strategies with our focus on resource optimization and value chain transformation signifies a significant shift in achieving impactful results in the consumer sector. 🌐🤝 Here’s to more brands joining this movement, investing in technologies that drive both financial returns and positive environmental impact. The future of luxury lies in regenerative design and creating value through circular models! 💚🔄 Read more about Chanel’s latest initiatives here: https://lnkd.in/erZBGk2C and now, let's go and spin the world! #LuxuryInnovation #HouseOfCircularity #RegenerativeMaterials #SpinVentures #ClimateTech #ValueChainTransformation #Chanel #LVMH #Kering #ImpactfulInvestments #FutureOfFashion #ClosedLoopSystems

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The value of the personal luxury goods market is set to erode by 2% this year, despite long-term positive fundamentals, as revealed in the 23rd edition of the Bain & Company Luxury Study, released in collaboration with Italian luxury goods body Fondazione Altagamma. With the luxury market tightening, unlocking long-term growth will require brands to reimagine their purpose and prioritize craftsmanship, creativity, and distinctive brand values. In 2025, the focus will intensify on performance improvement and seamless tech integration. Read our full analysis here. https://atbain.co/4frARsr

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Discover some very interesting insights on Burberry's pricing strategies, future standing and comparative competitive pricing on this article at Drapers analyzing Burberry's current challenges and future outlook!

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The Hidden Reality of Italy’s Luxury Fashion Industry. Italy’s luxury fashion industry is famous for its quality, but there’s a darker side. Many migrant workers help make high-end products for brands like Armani, Montblanc and Dior, often facing tough working conditions and low pay. In places like Tuscany and Milan, these workers, many of whom are undocumented, work long hours without proper oversight. Subcontractors often hire them and pay them less than minimum wage. Italian authorities are starting to crack down on these unfair practices. Some well-known brands are now under investigation to improve working conditions. As more people learn about these issues, there’s hope that luxury brands will take responsibility and ensure fair treatment of workers. Read more at Lux Juris: https://lnkd.in/gdMq4HTF #LuxuryFashion #EthicalSourcing #MigrantWorkers #FashionLaw

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The market value of sustainable fashion will increase by 22 percent between 2024 and 2031. So says the research study Cognitive Market Research in one of its latest reports.  In Italy, 74% of consumers declare to be interested in sustainable fashion, with no marked difference between generations. At the same time, fashion's impact in terms of pollution is still underestimated: only 11 percent consider it one of the most polluting sectors.  While people's awareness is growing strongly, there is still a lot of awareness and education to be developed towards some closely related issues. With the LIFE I’M TAN project we are aiming to help foster this green progress and make the fashion industry even more sustainable. Life20 ENV/IT/000759 #lifeprogramme #lifeproject #sustainability #sustainableleather #leather

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Standard Ethics today confirms Ermenegildo Zegna Group 's #ESG #rating. The Group is part of the Agency's European Fashion&Luxury Index. Download official release here for further details: https://lnkd.in/d6ReDxu7 #Sustainability #fashion #luxury #compliance #standards #complyingwiththefuture

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👠 Our September theme: “Race and the Runway” Since the early 20th century, the runway has served as both the culmination of a designer’s collection and a reflection of shifting beauty ideals and cultural zeitgeist. In (Western) fashion history, it has often showcased models who embodied idealized, sometimes unrealistic beauty standards, symbolizing a dream. Though the runway offers a brief glimpse of fashion as performance, its influence reveals a trickle-down effect of colonialism and racial constructs. Join us this September as we examine the modeling industry, question who defines “fashion design genius,” and explore iconic designs and campaigns that reveal the progress and regress of this trillion-dollar industry. – Kim Jenkins Founder & Principal Researcher, The Fashion and Race Database

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