Hello everyone and happy new year 2012 !
I will start the year with a - pretty - serious but very interesting topic:
As a finance employee, understanding fashion companies from the financial side gives me an invaluable insight into their strategic decisions.
Here is a short summary that analyses the Fashion year 2011 under a different angle for those of you who are interested: indeed, different things of large importance happened from a financial point of view in 2011:
- Feb 2011: Paris Group (Dubai retailer) buys Gianfranco Ferre
- May 2011: Labelux (German luxury-goods holding company) buys Jimmy Choo for over £500m
- June 2011: Jones Group (New York-based firm which owns fashion brands such as Nine West) buys Kurt Geiger for about £215m
- June 2011: LBO France takes a 20% stake in The Kooples
- June 2011: Prada’s listing on the Hong Kong Stock Exchange
- June 2011: High-street fashion chain Jane Norman sells 31 stores after falling into administration
- June 2011: Ferragamo’s listing on the Milan Stock Exchange
From now on I will make “financial markets updates” on the fashion sector as soon as major events take place, aside of my other usual articles about the main fashion shows and my modelling experience.
See you soon !
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