Map of brands in luxury fashion, pt. 1

Fashion, News and commentaries

A recent chart depicting the seeming diversity of food brands actually belonging to a few companies made me think that the same could probably be said of fashion brands, especially in the luxury sector. I decided to map some of the biggest brands to serve as guide, which can be quite helpful when I write posts on the business side of fashion.

As most of you probably know, Moët Hennessy Louis Vuitton (LVMH) is a giant conglomerate with subsidiaries that stretch all the way to China and diversified across several products from alcohol to watches. I realized as I was making the charts that it would be quite difficult to fit it all in one post so I decided to do a series instead and this is the first of that series.

I’m starting the series based on information that is the most readily available which means companies that are publicly traded. As I go through the series, I will also do my best to map brands held by private companies as well.

For this series, I’m starting with Kering, Richemont, and Prada. The brands are grouped according to the way the respective companies organize them as business units. For example, Kering has the Luxury and Sports & Lifestyle divisions. Out of the three, Kering offers the most transparent annual report, offering revenues by division, by region and in some cases, by brand. Kering also states its percentage ownership for each brand here, which I’m also pasting below. Richemont on the other hand offers revenue figures by business area: Jewellery Maisons, Specialist Watchmakers, etc. and by region. Prada, the smallest of the three, have 4 brands – sales from each brand are outlined in the company’s quarterly and annual reports.

brands_map_luxury_pt1

 

Here is Kering Group’s percentage ownership of its brands:

kering_ownership

 

Weekly roundup in tech and retail

News and commentaries

Here’s the most relevant news this week in technology and retail.

In Tech:

  1. Amazon announces streaming service Fire TV to compete against Google’s Chromecast, Roku and Apple TV
  2. Microsoft slashes prices on cloud services by 35%-65% in response to recent price cuts from Google and Amazon AWS
  3. Square now accepts Bitcoins which can help push for more mainstream acceptance of the crypto-currency
  4. Microsoft introduces the Cortana personal assistant years after Siri and Google Now
  5. Google splits into two: GOOG (Class C, non-voting) and GOOGL (Class A) for Sergey Brin and Larry Page to maintain control

In Retail:

  1. Prada SpA falls due to slowing luxury sales growth, optimistic in new stores and improving its supply chain
  2. Alibaba buys 26% stake in Intime Retail, moves into brick and mortar stores
  3. UK online retailer Asos first half earnings down due to expansion investments in new stores and product offerings
  4. Marks and Spencer to open 250 stores over the next 3 years to grow global sales by 25% and profit by 40%
  5. Hudson Bay Company shares, owner of Saks Fifth Avenue, fall 9% as the company forecasts weaker-than-expected 2014 earnings and plans to spend more on e-commerce