Register
Login:
Share:
Email Facebook Twitter

London South East Natural Resources Briefing webcast: #Emmerson #Alba #Condor Gold #Gold analysis Watch Now

London South East Natural Resources Briefing webcast: #Emmerson #Alba #Condor Gold #Gold analysis
Angus Energy in talks to buy 'transformational' gas asset in North England


Burberry Share News (BRBY)

Stock Market news at lse.co.uk - RSS News Feeds

Share News for Burberry (BRBY)


Share Price: 1,852.50Bid: 1,831.00Ask: 2,040.00Change: 0.00 (0.00%)No Movement on Burberry Grp
Spread: 209.00Spread as %: 11.41%Open: 1,819.00High: 0.00Low: 0.00Yesterday’s Close: 1,852.50




Italian menswear shows open in gloom over economy and Missoni

Sat, 12th Jan 2013 10:08

By Antonella Ciancio

MILAN, Jan 12 (Reuters) - Milan's menswear fashi
on week started on Saturday amid concerns over the economy and also the fate of Vittorio Missoni, one of Italy's best-known clothes executives, whose plane disappeared off Venezuela a week ago.

Italy's luxury goods industry is set to continue to outperform other sectors this year, according to analysts, helped by the appetite of Asian shoppers for the country's tailored suits and leather shoes.

But prospects for the economy remain as gloomy as the cloudy skies under which hundreds of fashion critics and buyers rushed on Saturday to watch the menswear proposals for next winter.



Orders for the Italian menswear collections that will arrive in stores around the world this summer have fallen 8 percent, Italy's textile and fashion body Sistema Moda Italia (SMI) said.



Over half of domestic menswear manufacturers polled by SMI said they saw no sign of improvement this year, while the remaining 44 percent said they were preparing for deterioration.



The fashion world is also awaiting news about Missoni, eldest son of one of Italy's most famous fashion families.

A small twin-engine aircraft carrying Missoni, 58, his wife Maurizia Castiglioni, another couple and two Venezuelan crew went missing on Jan. 4 after taking off from the Caribbean island resort of Los Roques.

The Missoni fashion house, known for its exuberantly coloured knits featuring bold stripes and zigzags, said it had decided to go ahead with its show in Milan, although the family is unlikely to attend.

Media reported on Saturday that the location where the plane disappeared may have been found, but it was not possible to get an immediate comment from Italy's foreign ministry.

The Italian fashion chamber called reporters to retweet family members' requests to find Missoni and the others aboard.



CHEAP AND CHIC

Designers showing in Milan will need all their imagination to attract male customers flocking to e-commerce websites and outlets for quality bargains.

Domestic sales of Italian tailored clothes, silk ties and leather shoes fell 4.7 percent in 2012 for a fifth consecutive year, according to Italian textile and fashion body Sistema Moda Italia (SMI).

Only outlets and online sales bucked the trend, with a jump of 41 percent in sales to final customers during the 2011/12 winter season, according to SMI.

Big luxury names such as Zegna, Prada and Salvatore Ferragamo have boosted their digital ranges to entice younger customers who shop from smartphones.

'You have to ask yourself: 'Are our products suitable for selling on line?'' Hugo Boss Chief Financial Officer Mark Langer told Reuters in an interview on Friday.

'Amazingly, we've sold a lot more suits than we thought we would online,' Langer said.

Exports helped global sales of Italian menswear grow by 2 percent to 8.6 billion euros ($11.4 billion) in 2012 despite a sharp decline in domestic stores, SMI said.

Europe is still the biggest market for Italian menswear but sales fell 2.7 percent in France and up to 7 percent in Spain in the first nine months of 2012, SMI said.

The Milan show opens with menswear champion Ermenegildo Zegna, followed by Dolce & Gabbana, Burberry and Versace.

($1 = 0.7568 euros)



(Additional reporting by Victoria Bryan; Editing by Jason Webb) Keywords: FASHION MILAN/MENSWEAR

(Antonella.Ciancio@thomsonreuters.com)(+39 0266129722)(Reuters Messaging: antonella.ciancio.thomsonreuters.com@reuters.net)

COPYRIGHT
Copyright Thomson Reuters 2013. All rights reserved.
The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.






UPDATE 2-Financials, miners lead FTSE 100 rebound, but Burberry, Thomas Cook slip

* FTSE 100, FTSE 250 up 0.8%* Banks, miners boost main index* Burberry slumps after FY report* Profit warning takes Thomas Cook to multi-year low* Gen
[16 May '19 10:04]

Huawei ban fans China-U.S. worries, hits FTSE 100; Thomas Cook slumps

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.3%* FTSE 250 up 0.3%* Thomas Cook slumps to multi-yr low* Bu
[16 May '19 08:40]

European stocks dip as U.S. sanctions on Huawei add to trade anxiety

(For a live blog on European stocks, type LIVE/ in an Eikon news window)May 16 (Reuters) - European shares retreated on Thursday after Washington blac
[16 May '19 08:02]

UPDATE 3-Burberry's profits lack new designer's touch

* Full-year adj operating profit down 6%, missing market view* Revenue flat at 2.72 billion pounds* Says very encouraged by response to Tisci's new co
[16 May '19 07:59]

CORRECTED-Burberry reports steady full-year profit

(Corrects to read Tisci, paragraph 1)LONDON, May 16 (Reuters) - British luxury brand Burberry reported broadly flat full-year revenue and profit on Th
[16 May '19 07:21]

UPDATE 2-London's FTSE 100 falters, outcome of U.S.-China talks awaited

* FTSE 100 down 0.9 pct* FTSE 250 down 1.3 pct* BT slumps after FY results* RSA, Barratt higher on trading updates* Metro slips to a fresh life low (A
[9 May '19 10:02]

U.S.-China trade tensions haunt London's FTSE 100

(For a live blog on European stocks, type LIVE/ in an Eikon news window)* FTSE 100 down 0.5 pct* FTSE 250 down 0.6 pct* RSA higher after Q1 report* Su
[9 May '19 08:57]

UPDATE 2-FTSE 100 flounders as miners, exporters drag; Metro Bank plummets

* FTSE 100 down 0.5 pct* FTSE 250 down 0.6 pct* Miners, exporter shares drag on main index* Shell, Smith & Nephew outshine* Metro Bank hits life-low a
[2 May '19 09:43]



Share Price, Share Chat, Stock Market news at lse.co.uk
FREE Member Services
- Setup a personalised Watchlist and Virtual Portfolio.
- Gain access to LIVE real-time Regulatory News (RNS).
- View more Trades, Directors' Deals, and Broker Ratings.
Share Price, Share Chat, Stock Market news at lse.co.uk






Datafeed and UK data supplied by NBTrader and Digital Look. While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.