Lola701
Well-Known Member
- Joined
- Oct 27, 2014
- Messages
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Gobbetti was a good CEO. He is still behind the miracles that were Celine and Givenchy, even though he was helped by a great cast of designers. Nevertheless, the strategy that supported those talents was great.
Knowing that the Chairman comes from TESCO and the CEO from Versace is scary indeed.
I’m still confused on Akeroyd! He comes from Versace, a house that has always made the majority of its revenues through fashion. Versace for example has always been closer to Dolce & Gabbana in price point than Prada for example.
They never had a strong accessories business under Akeroyd but we can attribute their success to the resilience of Donatella, who between 2006 to 2018, delivered collections that put the brand back into the fashion conversation.
Knowing all of that, Akeroyd goes to Burberry, a very premium brand that essentially sell fashion, decide to push for accessories and raise the prices. It’s such a non-sense!
Gobbetti didn’t raised the prices so much because coming from LVMH, he knew that Burberry couldn’t compete with the big players. They can compete with Givenchy but that’s all.
Sometimes we underestimate how much people who works in the industry don’t have a clear understanding of the industry. All brands are not equal!
Knowing that the Chairman comes from TESCO and the CEO from Versace is scary indeed.
I’m still confused on Akeroyd! He comes from Versace, a house that has always made the majority of its revenues through fashion. Versace for example has always been closer to Dolce & Gabbana in price point than Prada for example.
They never had a strong accessories business under Akeroyd but we can attribute their success to the resilience of Donatella, who between 2006 to 2018, delivered collections that put the brand back into the fashion conversation.
Knowing all of that, Akeroyd goes to Burberry, a very premium brand that essentially sell fashion, decide to push for accessories and raise the prices. It’s such a non-sense!
Gobbetti didn’t raised the prices so much because coming from LVMH, he knew that Burberry couldn’t compete with the big players. They can compete with Givenchy but that’s all.
Sometimes we underestimate how much people who works in the industry don’t have a clear understanding of the industry. All brands are not equal!