31/12/2008
Fashion companies are either looking to take out burdensome debt, fund expansion of their retail networks or provide liquidity to a part of their investor base that needs cash, said Pierre Mallevays.
Read more11/12/2008
‘There is a drive towards timeless, very high-end brands,’ said Pierre Mallevays, a partner at Savigny Partners, an investment banking boutique in London. ‘If you buy a Louis Vuitton bag, you know that it will not lose much value. But if you buy a weaker brand, you are not so sure.’
Read more01/12/2008
Rental is the latest development in temporary ownership of luxury items. Previous temporary ownership models include fractional ownership/timeshare, mainly in connection with property assets although more recently with private jets, yachts and classic cars, and by reselling on the second hand market.
Read more03/10/2008
The financial crisis will end sellers’ hopes of a return to valuations of a year ago, said Pierre Mallevays, managing partner at luxury investment bank boutique Savigny Partners.
Read more25/09/2008
Pierre Mallevays, managing partner at London-based Savigny Partners, said the credit crunch has finally pushed potential sellers to have realistic expectations. It will do a lot of good to the M&A market in luxury and branded goods, he said.
Read more01/09/2008
Groups like LVMH are not leveraged and still have appetite for acquisitions.
Read more01/05/2008
Pierre Mallevays believes that while the current economic uncertainty may or may not be affecting demand for luxury goods, depending on the particular product and its markets, major French acquirers are certainly being more circumspect.
Read more04/04/2008
Experiential luxury – life beyond bling
Sector review / Sector valuation
M&A activity in the sector in 2007
01/03/2008
The last few years have witnessed a veritable boom in expenditure on experiential luxury: whether hiring a personal trainer, learning how to cook with Michelin-rated chefs such as Jean-Christophe Novelli or going on a life-changing adventure trip, the concept of spending on self-enrichment has become a widely accepted feature of our lifestyles.
Read more29/02/2008
Owning a fashion house, says Pierre Mallevays, managing partner of Savigny Partners advisory firm in London, is like owning a piece of art. There is clearly a glamour factor.
Read more21/02/2008
Pierre Mallevays said “Where the British were very good traditionally was in their own production and their own manufacturing. Once you start dismantling that by selling factories you sell your soul.”
Read more12/02/2008
WWD has learned that Lacroix, owned by Florida-based Falic Group, has engaged London-based Savigny Partners LLP to explore the possibility of a minority investor to accelerate the fashion company’s expansion.
Read more11/02/2008
Pierre Mallevays said management was doing a great job on products, but that some improvement was needed in the design and ambience of Jaeger stores. Products and image keep getting better, he said.
Read more08/01/2008
“There is a big difference, and disconnect, between how Tommy Hilfiger is perceived in the U.S. versus Europe”, said Pierre Mallevays, the founder and managing partner of Savigny Partners LLP, a luxury good advisory and mergers and acquisitions firm in London.
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