×
324
Fashion Jobs
TOPSHOP TOPMAN
Online Visual Merchandising Manager
Permanent · London
TOPMAN
Buyer (Maternity Cover)
Permanent · London
TK MAXX
20066-Loss Prevention Advisor
Permanent · Hatfield
TK MAXX
Loss Prevention Officer - Bristol
Permanent · Bristol
TK MAXX
Loss Prevention Advisor Northampton Area
Permanent · Northampton
TK MAXX
Loss Prevention Advisor - Hatfield
Permanent · Hatfield
ARCADIA GROUP
Information Security (Infosec) Officer
Permanent · London
SHISEIDO
Accounts Payable Manager
Permanent · LONDON
TK MAXX
Shift Operations Manager
Permanent · Stoke-on-Trent
SANDRO UK
Senior Sales / Supervisor m/f
Permanent · LONDON
TOPSHOP TOPMAN
Senior Digital Visual Merchandising Manager (Maternity Cover)
Permanent · London
BURTON
Senior Buyer - Tailoring - Maternity Cover
Permanent · LONDON
TOPSHOP TOPMAN
Senior Marketing Manager
Permanent · London
TJX CORPORATE
Information Technology Graduate (2021)
Permanent · WATFORD
SHISEIDO
Bareminerals Account Manager - Hoopers, Wilmslow (Maternity Cover) (37.5)
Permanent · Manchester
SHISEIDO
Bareminerals Account Manager - Debenhams, Winchester (Maternity Cover)
Permanent · Hampshire
SHISEIDO
Bareminerals Account Manager - Debenhams, Ipswich (37.5)
Permanent · Ipswich
BURBERRY
Sales Associate - Bicester Village (Full-Time, Temporary)
Fixed-term · BICESTER
BLUE WASH LIMITED
Intellectual Property/Art Paralegal Intern
Internship · LONDON
VICTORIA'S SECRET
Seasonal Associate-Arndale Victoria's Secret Pink
Fixed-term · Manchester
BENSON & CLEGG
Retail & E-Commerce Internship
Internship · LONDON
REISS
Affiliate Assistant
Permanent · LONDON
Advertisements
Published
Sep 11, 2020
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Nicholas Kirkwood and LVMH split, shoe designer takes back ownership

Published
Sep 11, 2020

LVMH is parting ways with luxe shoe label Nicholas Kirkwood after seven years with Kirkwood taking back control. It’s the latest smaller luxury brand that had been taken on during the sector’s boom years that a luxury giant is now exiting, although the French group will continue to support the British brand for the rest of 2020. This will allow for a smooth transition and the parting is said to be amicable and a mutual decision.


Nicholas Kirkwood



The split follows Kering exiting its Christopher Kane stake in 2018 as it focused on its larger power brands.

This is a rare move on the part of LVMH, which is also in the news for calling off its agreed deal to buy Tiffany. But it highlights the importance of conglomerates putting maximum resources behind mega names such as Dior, Fendi and Louis Vuitton in times of intense pandemic-linked pressure. It had previously only sold two brands, Christian Lacroix 15 years ago and Donna Karan International in 2016.

So what was the issue with Nicholas Kirkwood? The brand, known for its pearl-studded heels, seemed unlikely to ever become a portfolio star and its accounts filed at Britain’s Companies House showed mounting losses. Its figures for 2019 showed turnover down to £8.1 million from £11.2 million, a tiny amount compared to the massive revenues LVMH’s top brands generate. The accounts also showed the operating loss widening to £3.3 million from £2.4 million. Meanwhile, the net loss was £3.5 million, bigger than the £2.5 million reported for 2018.

The Central Saint Martins graduate launched his brand in 2005 and LVMH took a controlling stake in 2013. The label has ramped up its e-tail operations since then, also opening a store on London’s luxury-focused Mount Street and diving deeper into sustainability.

But the lockdown is likely to have hit it hard with footwear being a particularly tough category to sell, even online, at a time when shoppers globally are rarely setting foot outside their front doors.

Copyright © 2020 FashionNetwork.com All rights reserved.