MŌDUM’s Post

In case you missed Miss Tweed 's weekly highlights: FERRAGAMO REPORTS YET ANOTHER DECLINE IN QUARTERLY SALES FERRAGAMO’s turnaround is taking time to materialize. The Italian fashion brand known for its silk scarves and bow-tipped ballerinas reported a 7.2 percent drop in first-half revenues on Thursday. It followed a 6.5 percent decline in first-quarter sales. Ferragamo did not split out second-quarter figures.   The company, which used to be called Salvatore Ferragamo, has been trying to reinvent itself for years. It is undergoing a radical revamp both in terms of design and communication with lots of bright colors and avant-garde looks under designer Maximilian Davis, who joined more than a year ago. ..... Some fashion critics are skeptical about Davis’ ability to drive sales. He made Ferragamo a more modern brand but also a colder one, they say. It replaced its traditional burgundy red with the same flashy red luxury car maker Ferrari uses. It also threw out its trademark handwritten logo and adopted one that looks like that of several other brands, including Burberry and BALENCIAGA. To read more click here: https://lnkd.in/e6puBRqD #luxury #fashion #mode

As we reflect on the highlights of Fashion Week, Gucci's Fall/Winter 2024 collection under Sabato De Sarno's creative direction stands out as a vibrant testament to how tradition and innovation can intertwine, creating something truly remarkable. De Sarno's vision, "This is my way of dreaming, without hurry, visualizing and stratifying aspirations as if they were the bricks of a house," resonates with a deep understanding of heritage and forward-looking ambition. This delicate balance is not just the essence of Gucci's latest collection but a principle that guides many family-led businesses across industries. This season, Gucci has amplified the allure, yet De Sarno remains steadfast in his belief that, "My dreams, as with my fashion, always converse with reality." His approach underlines a broader narrative that values authenticity and practical beauty, principles that are increasingly rare in our fast-paced world. De Sarno's focus on the tangible—product, quality, details, and portability—over the spectacle, highlights a profound commitment to real-world value. "I don't care about the narration, the performance of the show. I am interested in the reality," De Sarno shares, emphasizing the importance of creating fashion that resonates with our daily lives and reflects our values. The narrative of Gucci, under the larger umbrella of Kering, serves as a beacon for the potential of family-led companies to shape industries and drive innovation. This ethos of blending tradition with innovation, and a focus on tangible value over fleeting spectacle, resonates with Cornèr Banca's philosophy. At Cornèr Banca, we recognize the unique strength and resilience that family-led businesses like Kering bring to the economy and society. Our commitment to supporting these entities stems from a belief in their ability to foster sustainable growth and innovation, guided by deep-rooted values and a long-term vision. As we admire the artistry of Gucci's Fall/Winter 2024 collection, we also celebrate the broader ecosystem that nurtures the unique contributions of family-led enterprises. It's a narrative that Cornèr Banca is proud to be a part of, as we continue to support the vision and ambition of family-led businesses that shape our world.   #familybusiness #cornèrbanca #AcrossGen #enterprise

📶 𝐖𝐡𝐢𝐜𝐡 𝐋𝐮𝐱𝐮𝐫𝐲 𝐠𝐢𝐚𝐧𝐭𝐬 𝐚𝐫𝐞 𝐫𝐢𝐬𝐢𝐧𝐠 𝐚𝐧𝐝 𝐰𝐡𝐢𝐜𝐡 𝐚𝐫𝐞 𝐟𝐚𝐥𝐥𝐢𝐧𝐠❓ With Kering facing some headwinds, I took a deep dive into the Lyst Index for insights. 💡 For the uninitiated, the Lyst index is a quarterly ranking of the "hottest" fashion brands. Here’s what I found: ➡ Gucci: dominated in '21 and '22. By '23, they've dipped to 9th place or even lower. ➡ Balenciaga: faced setbacks with their ad scandal late in '22, now slightly behind Gucci. ➡ Louis Vuitton and Dior: both have witnessed a consistent fall since '23. ➡ Miu Miu: has been rapidly ascending the ranks. ➡ Prada: the consistent frontrunner, securing a spot in the top 5 for 3 years straight. The luxury fashion scene never stands still. Some brands fall. Others rise. That’s the excitement of it all. Stay tuned for the next quarter’s shifts! #luxuryindustry #fashionbrands #lystindex 𝑆𝑜𝑢𝑟𝑐𝑒: 𝐿𝑦𝑠𝑡.𝑐𝑜��

Apparently, Gucci Creative Director Sabato De Sarno recently said at an event in Milan earlier this week: "I'm doing what I like, and if what I like is a commercial thing, fine." Some pundits quickly jumped in and criticized him for being arrogant. De Sarno has faced unwarranted criticism following his debut collection, accused of being too commercial and succumbing to corporate demands. Perhaps his response simply means, "What if what I like happens to be commercial?" I find pitching Commercial vs. Creative such an unproductive debate. Creative can be Commercial and Commercial can be Creative. Upholding purpose, values, and authenticity to oneself and the brand that we serve already adds worth to one's work. Will it drive sustainable sales and profit? This requires time (more than a fashion nanosecond) to be confirmed. For those of us in the business, or simply love the art and science of fashion, new talents recently appointed to helm multi-billion-euro brands should be encouraged and supported, not taken down at the first chance. #FashionDesign #BrandValue #Authencity #Courage https://lnkd.in/eBGcyy3Y

Fashion Quote of the Day by Miuccia Prada. Miuccia Bianchi Prada born Maria Bianchi is an Italian billionaire fashion designer and businesswoman. She is the head designer of Prada and the founder of its subsidiary Miu Miu. #miucciaprada #fashionquotes #fashiondesigner #prada #miumiu #style #qoutesoftheday #fashionicon #luxury #explorepage #foryoupage

I tapped into the #Gucci show that premiered on LinkedIn Live a couple of hours ago. Here’s my review/thoughts on the show: Loved: The lacework on the dresses The shape and color of the bags The beading (was that it?) on the outerwear The styling of the show. Other thoughts: Overall the show and designs were giving ZARA USA first rather than Gucci first and fast fashion giant, Zara, second. I wonder if they’re trying to make their brand more commercial. There are a lot of “quiet luxury brands” like The Row or Tibi that are popular and beloved right now, which could be influencing this shift. With Gucci’s peers like Louis Vuitton hiring creative directors like Pharrell to make more statement and distinctly LV pieces for both men’s and women’s shows, Gucci seems to be erring on the other side of distinction - similarity. 🤒 Though I’ve been separated from the fashion industry for a few years now, I’m reminded why I loved fashion brand strategy so much! Still a passion of mine. Cheers to everyone who’s still pursuing their dreams and creating along the way. 🥂 #fashionbrand #brandstrategy #gucci #review

#Milanfashionweek is here. While there is high expectation for the Gucci show by Sabato De Sarno (with the today very common "erase and rewind" approach on Instagram, where all the past posts were cancelled), there are plenty of shows to be intrigued by. - Diesel and its inclusive approach is (or let's say has already) winning the attention of #GenZ, season after season, - Versace is waited by the Fashion Community as the Barbie effect has hit the peak and now, a new mood has entered (and it has to be unveiled). - The King Giorgio Armani, 88 y.o. that season after season enchants the audience and the market. Many are speculating on the future of the company, but as he told in a rare on-screen appearance in the documentary Milano: "The future of the [company] Giorgio Armani is linked to me and I know I am not eternal (...) But my commitment is to manage the company for as long as I have left to live.” - Last but not least: Moncler GENIUS. You will not find the Fashion show on the list, but the much anticipated event with the creative director of Men's fashion for Louis Vuitton. Pharrell Williams will be present in Milan, for an exclusive event in collaboration with ANTONIA. The occasion is the release of the capsule collection that is all-around the concept of #glamping. The influence of Pharrell is touching many fields. To quote Mr. Morale lyrics: "Better known as myself, I'm a demigod. Every thought is creative, sometimes I'm afraid of my open mind". #digitalcommunication #digitalmarketing

Gucci, Fendi or Prada? Financial stability is the ultimate fashion statement. Forget the trends; I'm rocking a portfolio that never goes out of style. 🎩💼 #FinancialChic #WealthyWardrobe #MoneyMovesFashion #FashionableFinance #WealthyFashionista #StylishInvesting #ChicInvestments

Delve into the dynamic world of luxury fashion with FGM's latest blog post! Discover the intrigue behind Pierpaolo Piccioli's departure from Valentino and the speculation surrounding the brand's next creative direction. Join the conversation and explore the evolving landscape of haute couture. Read more on https://lnkd.in/g_fnxEQp ! #FashionNews #Valentino #LuxuryFashion #HauteCouture #CreativeDirection"

Miu Miu is on a tear after posting revenue growth of 89% in the first quarter. That's helped its parent company Prada SpA whose shares have gained 39% so far this year. The Italian fashion group is among the winners in this new normal after a slowdown in luxury demand has taken hold. Its biggest label Prada also grew during the period (+7%). Miu Miu is the baby of Miuccia Prada, who's the sole designer at the brand (the granddaughter of the company founder splits those duties with Raf Simons at Prada). The vibe at Miu Miu, after having attended a few shows now, is PREPPY WITH AN EDGE. Picture boarding school blazers and floral skirts paired with grungy leather boots and dark sunglasses. The rebels from the 16eme, the UES, Chelsea or Brera. VIPs and models present in recent shows include White Lotus' Sydney Sweeney, The Crown's Emma Corrin and Luther Ford as well as 2000s celebrity Alexa Chung. Miu Miu was ranked #1 brand on the quarterly Lyst Index released yesterday which tracks social media searches of the most popular labels. The #2 was Prada. Miu Miu now represents about 22% of total retail revenue at the group, up from 15% in the fourth quarter. #prada #miumiu #markets #luxury #fashion Bloomberg News