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Tag: shoemaker

  • Berluti makes its Vietnam debut

    Berluti makes its Vietnam debut

    LVMH-owned Parisian shoemaker Berluti has expanded its footprint into Vietnam, opening its first store in Hanoi in partnership with local partner S&S Group.

    Located in the heart of Hoan Kiem district across from the famous Metropole Hotel, the Berluti Vietnam boutique follows the brand’s signature simple design dominated by wood and leather elements.

    After passing through the stripe pattern glass facade, customers are welcomed with a leather wall highlighting the brand’s ‘art of patina’ and a designed chandelier inspired by Vietnam’s tiered ‘rice ladder fields’.

    The store offers a full selection of Berluti’s men’s accessories, including shoes and leather goods.

    Founded in 1895 by Alessandro Berluti, the brand is known for its elegant craftsmanship and deep understanding of producing men’s footwear and accessories. Berluti has more than 60 boutiques across several markets, including South Korea, Mainland China, Hong Kong, Singapore and Japan.

  • Michael Kors to buy luxury shoemaker Jimmy Choo for $1.2 billion

    Michael Kors to buy luxury shoemaker Jimmy Choo for $1.2 billion

    Michael Kors has been struggling in recent quarters with declining same-store sales as fewer people visit its shops. U.S. retailer Michael Kors has agreed to buy luxury shoemaker Jimmy Choo for $1.2 billion, snapping up a British brand launched in the east end of London and made famous by celebrity fans including Princess Diana.

    Founded in the 1990s by bespoke shoemaker Jimmy Choo, the brand is known for its stiletto heals and accessories and sells in cities from London to Paris, New York and Tokyo.

    It put itself up for sale in April after its majority owner JAB signaled its intention to focus on consumer goods. At 230 pence in cash per share, the group is receiving a premium of 36.5 percent to its share price before the sale process was announced.

    Michael Kors, once the hottest name in affordable luxury with a hugely popular handbag range, has been struggling in recent quarters with declining same-store sales as fewer people visit its shops.

    In response, it has expanded into dresses and menswear, and invested in its online business. It said Jimmy Choo would continue to operate as it does today, under its existing management team.

    “Jimmy Choo is an iconic premier luxury brand that offers distinctive footwear, handbags and other accessories,” said Michael Kors, honorary chairman and chief creative officer.

    “We admire the glamorous style and trend-setting nature of Jimmy Choo designs.”

    Jimmy Choo floated on the London Stock Exchange at 140 pence in 2014. It closed on Monday at 195 pence.

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