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Kering’s New Eyewear CEO Roberto Vedovotto Appointed to Executive Committee

In People, What's New by Accessories StaffLeave a Comment


Paris—As if it weren’t already clear, Kering  today appointed its CEO of eyewear Roberto Vedovotto as His appointment to Kering’s executive committee. The appointment illustrates just how seriously Kering is looking to eyewear to help grow its luxurygoods business, one that includes Gucci, Bottega Veneta, Saint Laurent etc. “Roberto Vedovotto’s …

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Scrooge Syndrome: Affluents’ Confidence Dips to Great Recession Lows

In Industry Experts, What's New by Accessories StaffLeave a Comment

Industry Experts

Stevens, PA–Call it the “Scrooge Syndrome.” The consumers who have the money–and loads of it–are worried about the economy and therefore cutting back on their spending. The LCI, Unity Marketing’s measure of affluent consumer confidence, dropped to 46.4 points in October 2014, marking a sharp drop in affluent’s consumer confidence …

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Tod’s 9-Month Profit Falls 21.6%

In Industry News, What's New by Jeff PrineLeave a Comment

Ancona, Italy—Tod’s reported that its nine-month profit dropped 21.6% as costs rose and fewer of its high margin leathergoods were sold. For January to September, the leathergoods and footwear brand posted earnings before interest, tax, depreciation and amortization (EBITDA) at 156.4 million euros (about $194.3 million), missing analyst expectations for …