Investors may want to keep an eye on the luxury fashion market. Between 2020 and 2031, the market is expected to balloon from $75.1 billion to more than $115 billion, according to Transparency Market Research. “There is a significant demand for comfortable, stylish, and environmentally responsible luxury clothes as a result of growing urbanization and rising level of disposable income. Product makers are putting up efforts to boost luxury clothes manufacturing in order to meet increasing demand around the world. Consumers in developing nations are becoming more loyal to brands, which is likely to fuel demand for high-end clothing.” In addition, they noted, “Expansion of the e-commerce business has opened up a plethora of options for luxury apparel makers and distributors.” All could be beneficial for companies such as Gaucho Group Holdings Inc. (NASDAQ: VINO), LVMH Moet Hennessy Louis Vuitton (OTC: LVMUY), Kering SA (OTC: PPRUY), Nordstrom Inc. (NYSE: JWN), and Burberry Group (OTC: BURBY).
Look at Gaucho Group Holdings Inc. (NASDAQ: VINO), For Example
Gaucho Group Holdings, Inc. (NASDAQ: VINO), a company that includes a growing collection of e-commerce platforms with a concentration on fine wines, luxury real estate, and leather goods & accessories, today announced its trademark application for MAISON GAUCHO has been approved to move forward toward registration. The US trademark application includes hospitality and gaming industries such as Casinos, Hotel accommodation services, Restaurant services, Bar and cocktail lounge services, with pending applications slated for additional categories.
Maison Gaucho is the high design, high style component of the Argentina luxury fashion brand Gaucho – Buenos Aires™ (GAUCHO.com). The line offers unique, handmade pieces showcasing elevated looks for style conscious people who value being fashion forward. Founded by entrepreneurial entrepreneur Scott Mathis and headed up by Argentine Creative Director Lautaro De la Peña, Gaucho – Buenos Aires™ blends the quality of a bygone era with a sophisticated, modern, global outlook. The brand’s beautifully handcrafted clothing and accessories herald the birth of Argentina’s finest designer label .
Gaucho – Buenos Aires™ embodies the spirit of Argentina — its grand history, its folklore and its revival as a global center of luxury. Inspired by the sophisticated elegance of the great European maisons, Gaucho – Buenos Aires™ is also rooted in the traditions of native, nomadic culture. With its ambitious couture, ready-to-wear and high-street fashion offering, this is the brand in which Argentine luxury finds its contemporary expression.
“By incorporating Maison Gaucho into Gaucho – Buenos Aires’ brand architecture, we see this as an opportunity to expand Gaucho’s reach into other retail and experiential categories, thereby building stronger bonds with our existing customer base as well as reaching a broader range of potential customers and new niches,” said Scott Mathis, Gaucho Group Holdings ’s Founder, Chairman and CEO. “We are intent on elevating Gaucho to the status of being a world recognized brand. As we continue to introduce Argentina DNA to the Unites States, such as our newly opened flagship store in Miami’s Design District, as well as our upcoming Las Vegas project that would expand the Gaucho brand in ways that could include opportunities in lodging, hospitality, retail, and gaming, our plan for Gaucho’s future is an ever- growing and evolving business. Please stay tuned as these and other opportunities unfold.”
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Other related developments from around the markets include:
LVMH Moet Hennessy Louis Vuitton the world’s leading high-quality products group, recorded revenue of €36.7 billion in the first half of 2022, up 28% compared to the same period in 2021. Organic revenue growth was 21%. All business groups achieved double-digit organic revenue growth over the period. In the second quarter, revenue increased by 27% against a particularly high basis of comparison. Organic revenue growth was 19%, in line with trends seen in the first quarter. Europe and the United States have been up sharply since the start of the year, while Asia saw a lower level of growth due to the new health restrictions in China.
Kering SA announced that it has completed the sale of its entire stake (100%) in Sowind Group SA, which owns the Swiss watch manufacturers Girard-Perregaux and Ulysse Nardin, to its current management, in accordance with the terms announced on January 24, 2022.
Nordstrom Inc. reported first quarter net earnings of $20 million and earnings per diluted share of $0.13 for the quarter ended April 30, 2022. Excluding a gain on the sale of the Company’s interest in a corporate office building and an impairment charge related to a Trunk Club property, the Company posted an adjusted loss per share of $0.06. Additionally, first quarter EPS was negatively impacted by $0.05 as a result of discrete tax expenses, primarily related to stock-based compensation, which increased the quarterly effective tax rate by 19.3 percent of pretax earnings . The Company continues to expect a full-year income tax rate of approximately 27 percent. For the first quarter, net sales increased 18.7 percent versus the same period in fiscal 2021, exceeding pre-pandemic sales levels, and gross merchandise value (“GMV “) increased 19.6 percent. During the quarter, Nordstrom banner net sales increased 23.5 percent and GMV increased 24.8 percent. Net sales for Nordstrom Rack increased 10.3 percent and continued to show sequential improvement towards pre-pandemic sales levels.
Burberry Group recently reported, “FY22 was the first year of the growth and acceleration phase of our strategy. In this chapter, our focus is on leveraging our unique brand equity to deliver sustainable, high-quality growth, while continuing our efforts to do well by doing right. Despite a continuing challenging external environment, FY22 revenue increased 10% vs FY20 and 23% vs FY21 at CER. Full-price comparable store sales advanced 30% vs LLY as our strategy to exit mainline and digital markdowns drove a material enhancement in the quality of our revenue streams. Regionally, Americas led full-price comparable store sales growth with sales almost doubling in the US compared with FY20. Full-price comparable store sales were also strong in South Korea where they increased 81% and in Mainland China where they rose over 50% compared with FY20, despite regional lockdowns impacting our performance, particularly in March. We also saw improving trends in EMEIA despite an ongoing headwind from reduced touri sts due to COVID-19 related travel restrictions.”
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