Inside Italy’s Luxury Dealmaking Surge

How Social Media Is Changing Physical Retail, Gucci Sales Back Above 2019 Levels

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WHAT YOU NEED TO KNOW TODAY: WEDNESDAY, JULY 28, 2021 Italy's wave of luxury mergers and listings is expected to grow as the country's last remaining independents face pressure to bounce back from the pandemic while juggling succession and digital transformation. Brands seeking alternatives to China's malls are opening pop-ups in street style hotspots, offering a crash course in how social media is changing physical retail in China. Gucci sales have rebounded above pre-pandemic levels, putting parent Kering ahead of expectations but behind rival LVMH's fashion and leather goods division. Moncler beat analyst expectations for the second quarter, growing 5 percent compared to pre-pandemic levels. Plus, don't miss Thursday's BoF Live discussion on 'The Future of Fashion Resale' with Rebag's Charles Gorra, Reflaunt's Stephanie Crespin and ThredUp's James Reinhart.

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LUXURY As Armani Speculation Swirls, What's Next for Italy's Dealmaking Surge? By Robert Williams

The current wave of mergers and listings is expected to grow as big groups like LVMH and Kering surge ahead and Italy's last remaining luxury independents face pressure to bounce back from the pandemic while juggling succession planning and digital transformation. READ MORE

CHINA How Social Media Is Changing Physical Retail By Zoe Suen

Photogenic stores in retail districts with buzzy influencer culture like Shanghai's Wukang Road offer a crash course in how social media is reshaping physical retail in China. READ MORE

LUXURY Gucci's Sales Climb Back Above 2019 Levels By Bloomberg Kering's second-quarter results beat expectations despite the continued struggles in travel retail and wholesale. READ MORE

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NEWS BRIEFS Klepierre Says Revenues Started to Rebound in Q2 as Stores Reopened SMCP Q2 Sales Lag Pre-Pandemic Performance Latin American Trade Show Giant Colombiamoda Kicks Off in Colombia Moncler Sales Recover During Spring Quarter Lucas Ossendrijver to Design Capsule Collections for Theory Russia's Wildberries Says Ukraine Sanctions Will Hurt Entrepreneurs, Not Company Covent Garden Landlord Writes Down Its London Estate Again as Demand Grows

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RETAIL The Future of Fashion Resale By BoF Team

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Explore Jobs at Calvin Klein, Tommy Hilfiger and PVH The PVH brands are currently hiring in Amsterdam for a Graphic Designer at Calvin Klein, a Senior Merchandiser for Menswear at Tommy Hilfiger and a Buying & Demand Planner and a Junior Project Manager at PVH.  With a team of more than 30,000 associates operating in 40 countries, the 140-year-old business PVH is one of the world's largest apparel companies. Its brand portfolio includes Calvin Klein and Tommy Hilfiger. VIEW JOBS

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