Paolo Aimino, EY Italy market leader, and Frederico Bonelli, EY Western Europe retail, fashion, and luxury leader, noted that “After a record-breaking 2021, the global IPO market took a sharp turn in the opposite direction in 2022. With only 1,333 IPOs raising US$179.5b, IPO activity dipped 45% and 61% by number of deals and proceeds, respectively, year-over-year (YOY).”
Over the past month, the Italian luxury brand Etro has opened four stores successively in Chengdu Sino-Ocean Taikoo Li, Chengdu SKP, Beijing DT51, and WS Mall Wuhan International Plaza, fully accelerating its expansion in the Chinese market.
“After my recent trip to Greater China, I am optimistic about China’s reopening as we are witnessing a rebound in our business and the industry at large.”
Aeffe aims to capitalize on the investment relating to the reorganization of the Moschino brand’s retail distribution in China.
Ferragamo noted that they are quite encouraged by the positive customers’ reaction in China since the restrictions were lifted.
The growth, in fact, was driven by the retail channel and the Tod’s brand, which recorded excellent results in all product categories.
For the first time Pitti Uomo was dedicating an exclusive space to accessories and lifestyle products designed for the animals that are closest to us.
Eleven brands were selected to exhibit home decoration, classic design pieces, and innovative furniture products at the SIGN section.
The acquisition means that Gruppo Florence is expanding into embroidery.
Since the Pitti Uomo 94 in 2018, Pitti Immagine has cooperated with the Danish trade exhibition Revolver to set up the Scandinavian Manifesto section to showcase Nordic fashion.
