Eva Morletto

On Thursday, Hermès confirmed its acquisition of a minority stake in the Piedmont-based company specializing in cashmere and fine fibers, thereby strengthening its vertical integration strategy.

In the third quarter of 2025, Moncler posted sales of €615.6 million, down slightly by 1%. Despite the difficult economic climate, the results published yesterday exceeded analysts’ expectations and confirmed the group’s ability to stay on track.

After announcing the acquisition of Kering’s beauty division yesterday, the world leader in cosmetics and beauty reported sales of €32.80 billion for the first nine months of 2025 this Tuesday, up 3.4% compared to the same period last year, based on comparable data.

On Tuesday, October 14, LVMH announced slight growth of 1% in the third quarter, with revenue of €18.28 billion, confirming the strength of the French luxury giant despite a complex global environment. On the same day, Fendi, part of the group, appointed Maria Grazia Chiuri as creative director after a remarkable career at Dior.

Harrod’s Group (Holdings) Limited, which includes the famous London department store, has published its latest financial results for 2024 in the Companies Register. In the midst of transition, it reports a relatively stable year, despite heavy investments reducing its profits.

On Tuesday, Canada turned the page on a controversial tax. The day after the federal budget was tabled, the luxury tax on aircraft and pleasure boats will no longer be payable.

The Globus department store chain is facing an unprecedented financial storm. Burdened by a CHF 125 million loan from Migros and weakened by the crisis affecting its Austrian shareholder Signa, the brand is struggling to regain its footing. With a recovery not expected before 2026, the group is attempting to reinvent its model in a rapidly changing European department store sector.

On Sunday, Kering announced in a press release that it was selling its beauty subsidiary, created in 2023, to French giant L’Oréal for €4 billion. The transaction, carried out under the new leadership of Luca de Meo, is expected to be finalized in the first half of 2026 and could alleviate the financial difficulties Kering has been experiencing for several years.

Ferrari’s success benefits from a rare characteristic: consistency. Last Thursday, the legendary car manufacturer with the prancing horse logo published its strategic plan for 2030. By exceeding its profitability targets for 2026 by a year, the brand is an exception. However, its share price fell on the stock market when these revelations were made. Ferrari plans to launch an average of four new cars per year between 2026 and 2030.

Loewe, one of the driving forces behind the LVMH portfolio, published its results for the 2024 financial year on Tuesday. The Spanish fashion house, which is very popular with Gen Z, posted positive results with revenues up 9.2% compared to 2023, at €885.2 million.

Shortly after taking the reins at Kering, Luca de Meo has launched a strategic review of the group’s brands, including its flagship Gucci. Bain & Company and Boston Consulting Group (BCG) have been tasked with rethinking the group’s activities to boost performance and implement coherent financial and commercial strategies.

Kering announced yesterday evening a 10% decline in revenue in the third quarter, to €3.4 billion. These are the first results published since Luca De Meo took the reins of the Pinault family’s group last September. However, there are some signs of improvement beginning to emerge.

Another shockwave has hit the luxury fashion world: on Tuesday, the European Commission fined Gucci, Loewe, and Chloé, flagship brands of French giants Kering and LVMH and Swiss company Richemont, €157 million.

It was a successful venture for the young Franco-Belgian designer Matthieu Blazy, who presented his very first collection for Chanel on Monday evening at the […]

At the end of September, Italian cashmere specialist Brunello Cucinelli found itself at the center of an embarrassing scandal. Despite the sanctions imposed by the […]