Posted by Mark J. Miller on January 29, 2013 12:22 PM
About $4,000 worth of coins are thrown into Rome’s massive, gorgeous Trevi Fountain each day. Making the gesture is said to guarantee your return to Rome.
Now Fendi is throwing a lot more than a few coins into the Trevi’s waters. The Italian fashion house has announced it will hand over $2.9 million to help keep the centuries-old fountain, featured memorably in Federico Fellini’s “La Dolce Vita,” in good shape.
Fendi, founded in Romein 1925, announced the 20-month project Monday along with two of its big-name designers, Karl Lagerfeld and Silvia Venturini Fendi.Continue reading...
Posted by Dale Buss on January 21, 2013 01:03 PM
In bringing Alfa Romeo back to the U.S. market this year, Fiat has three big goals for the move: broadening the car lineup of its joint stable with Chrysler Group; trying to re-establish an Alfa brand that long ago was tarnished in America; and boosting output at its home-market manufacturing operations in Italy.
Fiat and Chrysler CEO Sergio Marchionne told Reuters at the Detoit Auto Show that Fiat plans to introduce an Alfa Romeo 4C sports car to the U.S. market late this year. Marchionne said that the biggest remaining obstacle is to "make sure we hit the powertrains dead on." Still, he told the news service, "We are finalizing the car now, so it should be" in the U.S. this year.
From an American perspective, Alfa Romeo is one of the wild cards that got thrown into the deck when Fiat acquired the carcass of Chrysler from the U.S. government in 2009. It exited the U.S. market about two decades ago with a tattered quality reputation. Now, Marchionne has built the marque into one that would have a shot even in today's highly competitive U.S. market.Continue reading...
Posted by Barry Silverstein on December 6, 2012 11:01 AM
Next year is shaping up to be mixed, at best, for luxury goods. Continuing economic woes in the Eurozone, a flagging Japanese economy, and slow recovery in the U.S. will likely lead to modest spending on luxury brands in those regions.
At a recent fashion summit in Florence, Italy, luxury designers were downbeat. Michele Norsa, CEO of Salvatore Ferragamo, the Italian shoemaker, said: "Markets are very volatile. We must keep a cool head and define our forecasts day by day. ...The first part of the year will be slower. In the second part there will probably be a recovery. These are the signs we are receiving from all our markets." Michele Tronconi, the head of Sistema Moda Italia (SMI), Italy's fashion body, added, "Orders of goods to be delivered in the coming months have shrunk and I don't expect this trend to change soon."
Indeed, Italy is a microcosm of Europe's slide when it comes to luxury goods. Luca Solca, who heads luxury goods research at the Exane BNP Paribas investment group said Italy's luxury goods sales have taken an "abrupt hit" due to the country's austerity measures. Sales of luxury goods are expected to decline nearly 1 billion euros by year's end in Italy despite solid tourism. Globally, sales of luxury goods should grow about 5 percent in 2012 vs. 13 percent last year according to a report by consulting firm Bain & Co.Continue reading...
Posted by Shirley Brady on November 14, 2012 10:01 AM
Prada has launched its first mobile app, an extension of a visual partnership with fashion illustrator Richard Haines — a major digital move for the Italian fashion label, one that it describes as the culmination of "a multi-platform project combining hand-made artistry and cutting-edge technology."Continue reading...
Posted by Dale Buss on September 24, 2012 06:13 PM
Think Sergio Marchionne doesn't thank the American taxpayer every day in his heart that his Fiat was able to pick up Chrysler for a song three years ago? As the Fiat part of his company sinks ever lower into the morasse of the European auto market, Chrysler has revived under Marchionne's leadership to become the financial workhorse of the merged entity.
Now, the CEO of Fiat (who was recently profiled on 60 Minutes) is executing the next phase of his company's ever-increasing dependency on Chrysler, with plans to use Chrysler engineers, plants and dealers to help relaunch Fiat's sporty Alfa Romeo brand in the United States in 2014.
Marchionne plans to give the brand some of its own engines and a spicey Italian identity with American consumers even as he economizes by having one of the first new Alfa Romeo models, for example, built in the same Chrysler Illinois plant that now assembles the Dodge Dart.Continue reading...
Posted by Shirley Brady on August 14, 2012 08:56 AM
Apple rumor created by Swedes as a prank goes viral.
BP nets $2.5bn in deal to sell Californian refinery business and Arco brand.
Canada's media ownership concentration criticized in new report.
Chad Johnson negates powerful personal brand as VH1 series cancelled.
Cosmopolitan founder Helen Gurley Brown passes, remembered, at 90.
Dewar's global brand ambassador chats with the New York Times.
Ford banks on 2013 Fiesta.
GE and Chobani take gold in Ace Metrix Olympics ad ranker.
HarperCollins plans pop-up record store to promote new book.Continue reading...
Posted by Mark J. Miller on August 3, 2012 05:05 PM
Note: This is an update of a story that was originally published on July 27th —
The Gucci family likely doesn't relish any unpleasantries airing out in the open, but two great-grandsons of the company’s namesake founder who are also in the fashion business ended up in an Italian court of law as a result of an intellectual property case brought by the Gucci Group. An interim legal ruling in that case follows a different case involving Gucci, which scored a recent victory against the would-be interlocking G's of Italian rival Guess.
The back story to the case involving Guccio Gucci's great-grandsons: the brothers, Guccio and Alessandro Gucci, own and operate a handbag (that's an example above) and accessories brand called ToBeG. In the words of London's Daily Telegraph, a court in Florence ruled on July 12th that ToBeG was “guilty of infringement of Gucci’s trademarks” and so cannot use the name "Gucci" or "Guccio Gucci" for "marketing communications or website activities."
Roberto Calabresi of SLCG, the legal firm representing ToBeG in the case, provided this statement to brandchannel clarifying that interim legal order:Continue reading...
Posted by Mark J. Miller on June 18, 2012 11:52 AM
Salvatore Ferragamo has become the first fashion house to have a full-out catwalk show at the iconic Louvre museum in Paris. The honor came about after the family company from Florence sponsored the current exhibition of “La Sainte Anne, Leonardo da Vinci’s Ultimate Masterpiece,” according to the New York Times.
“Having a runway show inside the Louvre has a meaning that goes beyond the simple concept of fashion,” creative director Massimiliano Giornetti told the Times about the 2013 resort collection's esteemed showcase. “It is a statement, a continuation of a long tradition of beauty and sensibility, of passion and a love of art. It’s a very positive message. A way to reaffirm our Italian spirit and our culture.”Continue reading...