Personally, I’d love to see the end of the mega luxury corporations.
I miss when luxury was luxurious
I miss when luxury was luxurious
Would you like Richemont and Kering to merge?
- Thread starter Grand Maven
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I’m not keen on seeing them merge, I think diversity of management philosophy leads to better competition and offerings. It’s boring when everything is fun in the same way.
That being said I agree they have complementary strengths. So perhaps more strategic partnership between them?
That being said I agree they have complementary strengths. So perhaps more strategic partnership between them?
Working on each other's strengths can make them more innovative/creative.
Exactly. I think it also allows them to keep a bit more control. I don't know if you have ever read the book 'A Creative Constraint' but sometimes not being able to do everything you want can create better results.
So, what do you think should happen? Would you want them to merge?
Oh personally I want them to merge. Why? So they can take on LVMH. Don't get me wrong I still LOVE LVMH.
You rec the luxury shopping book. You know a lot about luxury and fashion books 🤗
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I do appreciate competition as it pushes everyone, in theory!
I think part of the issue is that luxury brands need revenue and they are competing for a small audience. So they can get more people into the brand by going more mass, or they can charge more for the same quality (Chanel, I’m looking at you)! Neither of those lead to innovation.
What would you like to see in terms of them taking on LVMH? More exclusive product? Better quality? More interesting designs?
I made a point about Kering being soft luxury while Richemont is hard luxury. What I'd like to see is them switching with each other's resources, which means new stuff instead of them playing it safe.
I remember looking at Bottega bags semi-recently, but when I found out they were part of Kering, I stopped. I agree with Purseonfleek and don't support Kering and their fashion houses based on their controversies. I used to own the Soho Disco bag and the Ace Sneakers from Gucci during their hype (2017-2018), but got rid of them before the controversies began. I don't own any products from Kering (Gucci, YSL, Bottega, Balenciaga, etc) and will continue to stay away. I believe make-up is different though, because they are owned by someone else (YSL makeup is owned by L'Oreal, for example).
I'm such a huge Cartier fan that I would be disappointed if they ever merged.
I'm such a huge Cartier fan that I would be disappointed if they ever merged.
Kering Eyewear has a partnership with Richemont:
www.richemont.com
www.kering.com
Partnerships | Richemont
Building strategic partnerships is part of Richemont’s ambition to craft the future in inclusive, responsible and sustainable ways. By partnering with global and local organisations sharing the same values, Richemont is committed to accelerating innovation and agile growth across the globe.
www.richemont.com
Kering Eyewear and the Maison Cartier have completed the closing of their strategic partnership
Kering announces that its subsidiary Kering Eyewear and the Maison Cartier, owned by Compagnie Financière Richemont, have completed the closing activities related to the strategic partnership for the development of the eyewear category, in accordance with the terms announced on 21 March 2017...
www.kering.com
Op-Ed | Could LVMH Buy Richemont?
Acquiring Richemont would catapult LVMH into a completely different stratosphere to the rest of the luxury industry, writes Andrea Felsted.