Latest news with #luxurymarket
Yahoo
17 hours ago
- Business
- Yahoo
SMCP - Notification of availability of SMCP 2025 Interim financial report
Paris, July 31st, 2025 Notification of availability of SMCP 2025 interim financial report SMCP announces that its interim financial report for the six-month period ended June 30, 2025, has been made available to the public and filed with the Autorité des marchés financiers today. The interim financial report is available on SMCP's website: Finance / Section: Publications & events / Financial reports) ABOUT SMCP SMCP is a global leader in the accessible luxury market with four unique Parisian brands: Sandro. Maje. Claudie Pierlot and Fursac. Present in 55 countries. the Group led by Isabelle Guichot as CEO, comprises a network of over 1.600 stores globally and a strong digital presence in all its key markets. Evelyne Chetrite and Judith Milgrom founded Sandro and Maje in Paris. in 1984 and 1998 respectively. and continue to provide creative direction for the brands. Claudie Pierlot and Fursac were respectively acquired by SMCP in 2009 and 2019. SMCP is listed on the Euronext Paris regulated market (compartment A. ISIN Code FR0013214145. ticker: SMCP). CONTACTS INVESTORS/PRESS SMCP BRUNSWICK Amelie Dernis Hugues Boëton +33 (0) 6 79 99 27 15 +33 (0) 1 55 80 51 00 Tristan Roquet Montegon +33 (0) 6 37 00 52 57 smcp@ Attachment Press Release - SMCP - Notification of availability of SMCP 2025 Interim financial reportError in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
17 hours ago
- Business
- Yahoo
SMCP - Notification of availability of SMCP 2025 Interim financial report
Paris, July 31st, 2025 Notification of availability of SMCP 2025 interim financial report SMCP announces that its interim financial report for the six-month period ended June 30, 2025, has been made available to the public and filed with the Autorité des marchés financiers today. The interim financial report is available on SMCP's website: Finance / Section: Publications & events / Financial reports) ABOUT SMCP SMCP is a global leader in the accessible luxury market with four unique Parisian brands: Sandro. Maje. Claudie Pierlot and Fursac. Present in 55 countries. the Group led by Isabelle Guichot as CEO, comprises a network of over 1.600 stores globally and a strong digital presence in all its key markets. Evelyne Chetrite and Judith Milgrom founded Sandro and Maje in Paris. in 1984 and 1998 respectively. and continue to provide creative direction for the brands. Claudie Pierlot and Fursac were respectively acquired by SMCP in 2009 and 2019. SMCP is listed on the Euronext Paris regulated market (compartment A. ISIN Code FR0013214145. ticker: SMCP). CONTACTS INVESTORS/PRESS SMCP BRUNSWICK Amelie Dernis Hugues Boëton +33 (0) 6 79 99 27 15 +33 (0) 1 55 80 51 00 Tristan Roquet Montegon +33 (0) 6 37 00 52 57 smcp@ Attachment Press Release - SMCP - Notification of availability of SMCP 2025 Interim financial report
Yahoo
21-07-2025
- Business
- Yahoo
The Rise Of 'Superfakes': Why Ultra-Realistic Designer Knockoffs Are Disrupting The Luxury Industry
Long gone are the days of easily spotted, plasticky fake bags perched atop folding tables on New York City's Canal Street. Instead, the modern counterfeit bag is a near-perfect replica, or "reps," to use the more cloak and dagger term you'll see in the underground market. And Gen Z's shift to replicas could pressure luxury margins long-term, The Wall Street Journal reported recently, detailing the shadowy market of "superfake" handbags. Market Data Shows Gen Z's Reticence to Buy Luxury The luxury sector may be seeing its first revenue pressures as Gen Z pulls back: According to the Journal, data from consulting firm Bain & Co. shows younger consumers spent $5 billion less on luxury in 2023 than the previous year. Don't Miss: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Many are rushing to grab Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — While the data can't definitively identify the cause, the decline suggests one or both factors: budget constraints, or a growing preference for high-quality counterfeits, according to the Journal's analysis. "People are starting to realize how good these fakes are getting" Online communities of replica handbag enthusiasts have been reacting to the article, including lurkers and buyers from the "Repladiesdesigner" subreddit, which was specifically called out by the Journal: "It's crazy how far 'super fakes' have come and they really are just as good as the original in many cases. The difference in price makes it an easy choice for many," one user writes. "I also bought Hermes authentics in [the] past but now I'm buying high tier reps." "It's true that some people are just starting to realize how good these fakes are getting," writes another Repladiesdesigner member. "Honestly, with [the] right seller and the right eye, you can snag a bag that looks better than [the] original." Trending: $100k+ in investable assets? – no cost, no obligation. Customers use resources like the subreddit to find sellers, who then move their business off Reddit and onto encrypted apps like WhatsApp and Telegram. According to the Journal, this direct-to-consumer sales model floods shipping ports with untraceable single packages, making it much easier to evade the traditional method of bulk interception of counterfeit goods at customs. Resellers Going High-Tech to Spot Superfakes Indeed, superfake handbags are so indiscernible from their luxury counterparts that designer goods resellers like The RealReal (NASDAQ:REAL) have adopted forensic-level authentication methods: According to the Journal report, the company is implementing XRF technology to analyze the metal composition of bag hardware and X-ray machines to inspect internal structures. The RealReal Director of Authentication Hunter Thompson tells the Journal that counterfeiters may flawlessly replicate a bag's exterior but often overlook subtle interior details, like the way a nail head is hammered what of the brands themselves? How are they fighting back? According to the Journal, in the case of the largest luxury brand, the answer is: meekly. LVMH Moët Hennessy Louis Vuitton, the world's largest luxury conglomerate, spent $11 billion on advertising in 2023 but just $45 million on anti-counterfeiting efforts. It may be that fakes are viewed as a foot-in-the-door toward genuine purchases, but the industry should probably wise up to the reality that superfakes are becoming legitimate competitors — and luxury's pricing power may be at risk. Read Next: Here's what Americans think you need to be considered 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? REALREAL (REAL): Free Stock Analysis Report This article The Rise Of 'Superfakes': Why Ultra-Realistic Designer Knockoffs Are Disrupting The Luxury Industry originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-07-2025
- Business
- Yahoo
The Rise Of 'Superfakes': Why Ultra-Realistic Designer Knockoffs Are Disrupting The Luxury Industry
Long gone are the days of easily spotted, plasticky fake bags perched atop folding tables on New York City's Canal Street. Instead, the modern counterfeit bag is a near-perfect replica, or "reps," to use the more cloak and dagger term you'll see in the underground market. And Gen Z's shift to replicas could pressure luxury margins long-term, The Wall Street Journal reported recently, detailing the shadowy market of "superfake" handbags. Market Data Shows Gen Z's Reticence to Buy Luxury The luxury sector may be seeing its first revenue pressures as Gen Z pulls back: According to the Journal, data from consulting firm Bain & Co. shows younger consumers spent $5 billion less on luxury in 2023 than the previous year. Don't Miss: Deloitte's fastest-growing software company partners with Amazon, Walmart & Target – Many are rushing to grab Named a TIME Best Invention and Backed by 5,000+ Users, Kara's Air-to-Water Pod Cuts Plastic and Costs — While the data can't definitively identify the cause, the decline suggests one or both factors: budget constraints, or a growing preference for high-quality counterfeits, according to the Journal's analysis. "People are starting to realize how good these fakes are getting" Online communities of replica handbag enthusiasts have been reacting to the article, including lurkers and buyers from the "Repladiesdesigner" subreddit, which was specifically called out by the Journal: "It's crazy how far 'super fakes' have come and they really are just as good as the original in many cases. The difference in price makes it an easy choice for many," one user writes. "I also bought Hermes authentics in [the] past but now I'm buying high tier reps." "It's true that some people are just starting to realize how good these fakes are getting," writes another Repladiesdesigner member. "Honestly, with [the] right seller and the right eye, you can snag a bag that looks better than [the] original." Trending: $100k+ in investable assets? – no cost, no obligation. Customers use resources like the subreddit to find sellers, who then move their business off Reddit and onto encrypted apps like WhatsApp and Telegram. According to the Journal, this direct-to-consumer sales model floods shipping ports with untraceable single packages, making it much easier to evade the traditional method of bulk interception of counterfeit goods at customs. Resellers Going High-Tech to Spot Superfakes Indeed, superfake handbags are so indiscernible from their luxury counterparts that designer goods resellers like The RealReal (NASDAQ:REAL) have adopted forensic-level authentication methods: According to the Journal report, the company is implementing XRF technology to analyze the metal composition of bag hardware and X-ray machines to inspect internal structures. The RealReal Director of Authentication Hunter Thompson tells the Journal that counterfeiters may flawlessly replicate a bag's exterior but often overlook subtle interior details, like the way a nail head is hammered what of the brands themselves? How are they fighting back? According to the Journal, in the case of the largest luxury brand, the answer is: meekly. LVMH Moët Hennessy Louis Vuitton, the world's largest luxury conglomerate, spent $11 billion on advertising in 2023 but just $45 million on anti-counterfeiting efforts. It may be that fakes are viewed as a foot-in-the-door toward genuine purchases, but the industry should probably wise up to the reality that superfakes are becoming legitimate competitors — and luxury's pricing power may be at risk. Read Next: Here's what Americans think you need to be considered 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? REALREAL (REAL): Free Stock Analysis Report This article The Rise Of 'Superfakes': Why Ultra-Realistic Designer Knockoffs Are Disrupting The Luxury Industry originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
17-07-2025
- Business
- Forbes
Billionaire Mike Ashley's Frasers Hit By Higher Labor Costs And Drop In Luxury Sales
Mike Ashley's retail empire is estimated to be worth $5.5 billion. (Photo by Carl Court/Getty ... More Images) Retail giant Frasers Group blamed the government's tax-hiking budget for adding to its labor costs at a time when it also had to grapple with a challenging retail market. The group, owned by British retail billionaire Mike Ashley, reported on Thursday that revenue for the year to April 27 dropped 7.4% to £4.93 billion ($6.6 billion). Frasers attributed the decline to 'challenges in the luxury market' combined with the closure of its unprofitable stores. More than half of the group's revenue is derived from its 'UK Sports' division, which recorded a 7.2% fall in sales. Its 'Premium Lifestyle' unit, which accounted for just over 21% of its total revenues last year and includes brands like Flannels and House of Fraser, saw its sales tumble by almost 15%. But the retailer expressed a note of optimism that the market is on the mend. 'Following an especially weak period after last year's budget, both U.K. consumer confidence and trading conditions improved into 2025, and recent sales trends have been more encouraging,' the group said. Despite the drop in revenue, Frasers still managed to report an improvement in its underlying pre-tax profits that came in at £560.2 million, a 2.8% rise from a year earlier. In December, Frasers had downgraded its profit forecast for the fiscal year to between £550 million and £600 million, citing weak consumer confidence and tougher trading conditions. It also said at the time the government's budget would add another £50 million to it labor costs, which it confirmed on Thursday was indeed the case. Frasers's CEO Michael Murray, said, 'I'm pleased with our performance this year, despite the headwinds caused by last year's budget.' Since the Labour government unveiled its budget in October, businesses groups have repeatedly warned that changes, such as the payroll tax hike and minimum wage increase, would force them to cut jobs and raise prices. And data from the Office for National Statistics (ONS) published on Thursday supports the warnings. The U.K.'s unemployment rate rose to 4.7% in the three months to May. That's the highest rate in four years. The number of job vacancies has fallen continuously for three years. Britain's inflation rose last month to 3.6%, which is well above the central bank's target of 2%. Frasers said it's still facing cost pressures, but it's 'working hard' to mitigate these by using more artificial intelligence and sustaining a robust gross margin. Frasers accelerated its international expansion over the past year, announcing partnerships in Australia, Asia, the Middle East and Europe. The group's strategic investments included upping it stakes in Hugo Boss, and Murray joined the board of the German fashion house. Murray became CEO of Frasers in 2022, taking over from his father-in-law, Mike Ashley, stepped down from the company's board later that same year. Ashley has a current net worth of $5.5 billion, according to Forbes Real-Time Billionaires List. Ashley began building his retail empire at the age of 18, when he founded Sports Direct in 1982, a business that he turned into Britain's largest sporting goods retailer. He expanded his group of businesses over the years through series of investments and acquisitions, including House of Fraser and department store chain Flannels.
