Xone
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So she said that in what context? like she knew where he is going?It was in one of the latest episodes of her podcast.
So she said that in what context? like she knew where he is going?It was in one of the latest episodes of her podcast.
That’s not how you substain a company….Exactly! There can only be one “God”. And that is Hedi and no one else.
If you order Hedi, you will also get Hedi. And everything that happens next won't be a surprise. You rely on a safe horse and the horse should be very well looked after.
Don’t get me wrong.Of course, I think my point was more that Arnault would go very far to keep Hedi at Celine if that was really a main objective for LVMH. I'm sure Merle has done a great job, not only in coping with Hedi's antics and demands but also in implementing the vision of someone else who is a complete perfectionist in all details.
Having said that, her real challenge will come now in managing Celine when her role will probably be even more important while the brand is transitioning with a new, lesser known CD in an overall difficult, declining market.
What! Can you share the source?Do you remember when I said Céline was at -40% vs LY? Everybody said it couldn't be true and they just reported that...
Sorry, what does LY mean?Do you remember when I said Céline was at -40% vs LY? Everybody said it couldn't be true and they just reported that...
Last yearSorry, what does LY mean?
Surely Hedi did leave Celine because he has something bigger on the horizon: either be CHANEL, ARMANI or GUCCI: he’s been said to have moved in Milan. At least they are reporting^^
Leaving does not mean you are the weaker one but it’s not even a weak or not conversation.
The reality is that it all comes down to relationships between humans. Moving the studio is nothing new and it’s not an issue per say. Everything becomes an issue when the relationship with the counterpart is hard.
I’m sure NG would have stayed at Balenciaga if Guichot was a competent executive. She wasn’t. And for me all the glory for the rebirth of Balenciaga should go to Ghesquiere.
And today, I don’t think Charbit has any clue to what he is doing and I don’t think nobody at Kering is thinking long term anyway…
I’m always on the creative side but I also try to be pragmatic.
But this time, for me it goes both ways. Even if at the end, LVMH wanted him to stay I can see him say « I’m done ». He executed his vision until the end and the brand will be just fine.
The reality today, and it has been the case since Tom Ford really, CD are expected to have a business mind. In reality they always had (Karl, Mugler, Gaultier, Rykiel, Yamamoto and others). But what happens is that sometimes, a CD has a clear vision and the suit don’t has a vision, has a different vision and doesn’t know how to execute it.
And in a way, today suits can hide themselves behind the « total creative vision » of the designer to mask their lack of awareness on the industry and the market when things are difficult.
But the term gods for me here was uncalled for. Nobody is challenging the status of the creatives.
But in this instance, of a business issue, the ones calling the shots and having the « last word » in the company is the owner.
Tbh, I just think it’s a pity that in 2024, we have a major designer, with everything that has been achieved so far, who is leaving because of strategic/relationships issues with the CEO.
And I have to say that a lot of people in the new generation of executives, particularly in France, lacks the culture to run a fashion business. When you see the energy of a Pietro Beccarri, you understand why he is where he is. You see Michael Burke, you understand why he was there. The same for Toledano.
One of the best fashion CEOs, Jean Louis Dumas, Domenico De Sole, achieved great success because they understood the culture, the products, they spent times with the makers, not only with the numbers.
Sometimes it’s simple: you spend time with a creative, you are taken by what’s going on, you believe in it and you end up being ready to do whatever to make it succeed.
It’s maybe what was missing in the Merle/Slimane relationship.
Gucci seems very unlikely. And Armani too….Surely Hedi did leave Celine because he has something bigger on the horizon: either be CHANEL, ARMANI or GUCCI: he’s been said to have moved in Milan. At least they are reporting
He must be clairvoyant if he anticipated Chanel months ago.
I just wish Mr. Armani would give him one Armani Privé collection, as a residence.Gucci seems very unlikely. And Armani too….
Armani is smaller than Celine and Gucci doesn’t even own their license. Plus, given the messy divorce with Kering that ended up with many lawsuits, I doubt they will go that route.
He must be clairvoyant if he anticipated Chanel months ago.
We don’t know yet how long The Weirthemers and Pavlovsky are going to wait 1 year to name a CD. Chanel is a possibility even though it’s not related to Milan at all.
Hedi going to Chanel will mean that he will compromise for the job.
His non compete will end in October 2025 so if he is joining Chanel and if the clause is applied, that means no show until probably January 2026.
I stopped into the Toronto Celine store while traveling this past weekend and the SA seemed surprised that I wanted to look at RTW. When I picked something out he rushed to ring me up (there wasn't anyone waiting for an SA) and seemed pleasantly surprised that I wanted to look at belts first.CELINE is selling like hot cakes right now both the women and the mens: must truly be the HEDI halo effect….
Maybe that could be it. But there is one thing to consider. When Hedi took over Celine, the corona pandemic was just beginning. Total lockdown in Europe and Asia. For almost a year. That was really bad luck for him. Nobody talks about the fact that this year was economically dead. Everyone said back then that Hedi would never be able to be successful with Celine. And now everyone is amazed. Hedi didn't do anything wrong. If anyone did anything wrong, it was the one who made false promises to investors.I think Celine was already at 1 billion when Hedi joined. When he joined, Arnault told investors the goal was to grow it to 3 billion in 5 years. Hedi brought it to 2.5. A huge success, undoubtedly, but not a surprise - and still short of the high end of the goal. 🤭