Delphine Gieux on LinkedIn: #forzazegna (2024)

In case you missed:WEEKLY HIGHLIGHTS JULY 17-21 BY MISS TWEEDZegna APPOINTS CEO FOR TOM FORD FASHIONItalian fashion group Zegna has poached an executive from LVMH to lead Tom Ford Fashion, a license business it fully acquired in April from The Estée Lauder Companies Inc., the brand’s new owner. Lelio Gavazza, who ran sales and retail at Bulgari, will start as CEO of TOM FORD FASHION on Sept. 18 - a few days before the brand is to present its new vision post-Tom Ford during Milan Fashion Week.Also:Richemont WARNS OF CHINA SLOWDOWNSwiss luxury group Richemont on Monday posted first-quarter sales growth of 14 percent, a performance slightly short of expectations. The group suffered from lower revenue in North America, its most profitable market. It also warned of a potential slowdown in China that could impact demand for lower-priced items from so-called aspirational consumers. The news sent Richemont shares down as much as 10 percent and pushed down the stock of other luxury groups such as LVMH.To read more, click here:https://lnkd.in/egFiggWW

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Read my comments in this article on why the timely changes at Kering are well placed ahead of De Sarno’s debut for Gucci and why consumers want to be lead by the designers at the forefront of their favourite luxury brands. Flint Hyde Drapers #executivesearch #luxuryrecruitment #luxurybrands #luxuryfashion #flinthyde

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LVMH and Kering are among the powerhouses of luxury fashion that have reported increasing sales at this year’s midway point – but there are still challenges ahead. We speak to the leading players to find out more.Register for FREE to read on.#Kering #Gucci #LouisVuitton #Mytheresa #Walpole #luxury #fashionnews

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It has been announced that Italian fashion conglomerate, Tod’s Group revenues for FY22 have exceeded one billion Euros, This is a 13.95% growth compared to FY21 and 10% higher than the pre-pandemic level of 2019.The group, which owns the likes of Tod’s, Roger Vivier, Hogan, and Fay, said all product categories had posted a “solid” double-digit growth, particularly its leather goods and accessories which saw a 33.7% increase when compared to the previous year.Read more in the link below.https://lnkd.in/e9jbbd-9

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Zegna aims for CAGRof rev +10% and of Adjusted EBIT of around 20%, and a strong Cash Surplus... earlier this year Zegna added another incredible name to the portfolio: TOM FORD FASHION, which has become the third pillar of the Group.During the Capital Markets Day, the group announced the outlook by brand:👉 ZEGNA continued store productivity increases and global market share gains, building on the strong results achieved through the successful implementation of the ZEGNA One Brand strategy and a product offering that meets the continued strong consumer demand for quiet luxury. 👉 Thom Browne, building on its 20 year anniversary, expects a high teens CAGR in DTC revenues in the next years, with a streamlined wholesale distribution.👉 Tom Ford Fashionto grow revenues by +10% CAGR in the medium term, capitalizing on the potential of the brand, whose strength today is much larger than its business, and by leveraging Group synergies to fuel its growth."...today we are ahead of the plans we presented..." at our first Capital Markets Day 2022. 💥

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Today’s FSW High Frequency Luxury Monitor update based on the Zegna results. #luxury #luxuryeconomics #strategy #luxurystrategy #retaileconomics

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As Chinese luxury shoppers become more selective about their spending, brands are finding it increasingly challenging to appeal to today's discerning consumers. One of the hardest hit this quarter is global fashion powerhouse Gucci, which is projecting a 20% dip in the first quarter due to a steeper-than-expected decline in the Asia-Pacific region. Angelito Perez Tan, Jr., CEO & Co-founder of RTG Group Asia, weighs in on how brands might need to re-evaluate their strategies to look beyond China for future growth. https://lnkd.in/gF2bVaaK

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The Zegna Group, about eight months after the addition of Tom Ford Fashion, delivered spectacular preliminary FY23 revenues numbers on February 21. Annual revenue growth came in at 27.6 percent after a monster Q4 of 40.1 percent growth. Even if we focus on just organic growth, the numbers were big with roughly 19 percent growth for Q4 and FY23.Growth was strong across the group’s product segments and geographies, the latter of which has been rare during this luxury earnings season. The group’s largest line, Zegna (roughly 70 percent of revenues) chipped in EUR 1.3 billion (19.5 percent group revenue), Thom Browne (20 percent of group revenue) reported EUR 380 million (up 17.8 percent), and the newly acquired Tom Ford generated EUR 236 million during April-December. Joining the ranks of other “quiet(er)” luxury groups, such as Hermès and Brunello Cucinelli, Zegna reported double digit sales growth across all geographical regions, with growth especially strong in Asia (24 percent) and, though it only comprises 3.5 percent of revenues, Zegna took pains to break out the message that UAE grew over 30 percent.Forward guidance was for more of the same. The medium-term outlook was for an adjusted compound EBIT growth rate of about 20 percent.The markets have been pleased with Zegna this year with its share price rising around 25 percent as of intraday trading today, putting it above the 15 percent simple growth rate of our FSW High Frequency Luxury Monitor All-Luxury Index and the roughly 6 percent price appreciation of the S&P 500. Its valuation remains pretty rich with a P/E ratio for the next estimated fiscal year of 29.2x, which is well below the stratospheric levels of Brunello Cuccinelli (63.5x) and Hermès (51.3x), but well above industry giant LVMH (25.6x).You can review Zegna’s preliminary FY23 results here: https://lnkd.in/eGJ-5PqA#economics #finance #luxury #earningsseason

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Luxury fashion house Kering has reported a 13% fall in revenue to €4.5bn (£3.9bn) for the quarter to 30 September, driven by underperformance across all brands and softening demand in the luxury industry. Read the full story here. #fashion #retail #retailnews #luxury #kering #Gucci

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#ZGN - Ermenegildo Zegna Groups Robust Growth Continues in the First Half of 2023 First half 2023 Revenues 1 reach €903 million, up 23.9% year-over-year. Organic growth 2 was 21.5% in the first half of 2023, with double-digit organic growth for both the Zegna and Thom Browne segments. Acceleration in the second quarter with year-over-year... July 27, 2023 at 06:00AM #StockMarket #MWN