Ermenegildo Zegna 2018 Profits Up, Group Invests in Key Markets

MILAN — Reporting an uptick in net profits last year, the Ermenegildo Zegna Group is setting the foundations for further growth as it strengthens its omnichannel approach and continues to build its main market, China, while investing in other key regions, including the U.S. and South East Asia.
In the 12 months ended Dec. 31, net profits rose 3.6 percent to 34 million euros, compared with 32.8 million euros in 2017. Earnings before interest, taxes, depreciation and amortization edged up 0.7 percent to 143 million euros, a margin of 12.3 percent on sales.
Revenues declined 2 percent to 1.16 billion euros, compared with 1.18 billion euros. At constant exchange rates, sales inched up 0.4 percent.
Gildo Zegna, chief executive officer of the Ermenegildo Zegna Group, told WWD that he had a positive view of the performance last year, which was affected by a general slowdown in the international economy, currency fluctuations and weak demand in Europe and the U.S. The two regions were dented by slow tourist traffic, especially from China, as the Chinese now prefer to shop in Asia.
The men’s wear group can leverage the “advantage of being already well-known there,” said Zegna, who was in New York to celebrate the official opening

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Documentaries Show Strong Signs of Growth in Global Markets

Nearly 40% of exhibitors at FilMart this year are currently involved in documentary films. This year, there are 290 such exhibitors from 26 countries and regions, an increase of 30% from the year before, and 24 nonfiction titles in screening sessions, nearly double last year’s 13 titles. The market launched its “Doc World” section in […]

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Gant to Celebrate 70th Anniversary in Overseas Markets

Gant is gearing up to celebrate its 70th anniversary, but the festivities will be centered around its strongest markets in Europe and Asia rather than where it all started: Connecticut.
The brand traces its roots to 1949 when Bernard Gantmacher, an immigrant from the Netherlands, and his two sons, Marty and Elliot, opened a shirt factory in New Haven, Conn., and began selling a button-down shirt to the broader American market. It was embraced early on by the Ivy League students at the East Coast universities and soon became a key part of the preppy uniform.
But for the last decade, the brand has been owned by the family-owned Swiss company Maus Frères, which also owns Lacoste and Aigle. Its net sales in 2014 were $ 1 billion. And while it has a presence in 70 countries and operates 93 stores, its U.S. distribution is limited to mainly e-commerce, and four full-price stores and two outlets.
Under former chief executive officer Patrik Nilsson, the brand three years ago set into motion a plan to reintroduce Gant to its home country. But those efforts largely failed and the company is retrenching and refocusing its energies internationally.
Nilsson exited the brand last June and Brian Grevy, the chief

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LionTree’s Aryeh Bourkoff on Stock Market’s ‘Healthy Correction’ and What to Watch for in 2019

The stock market’s steady decline during the past few weeks has nerves on edge about the onset of a bear market and possible economic downturn to come. Aryeh Bourkoff, head of media-centric investment bank LionTree, sees the recent swings in key indices as a “healthy correction” and emphasizes that business fundamentals across corporate America remain […]

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Uber-Lyft Showdown Shifts to Public Markets

The race between Uber and Lyft to go public next year promises to extend their rivalry for customers to competition for global investors.
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Bull Market’s Latest Hurdle: Slowing Sales Growth

Firms from BlackRock to IBM report disappointing quarterly sales, citing such factors as cautious customers, rising costs and a stronger dollar.
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Median CEO Pay Hit Record of Nearly $12 Million in 2017, Juiced by Markets

The chief executives of America’s biggest companies are on track for another banner year of compensation. Median pay for the chief executives of 133 of the largest U.S. companies reached an all-time high of $ 11.6 million in 2017.
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Criminals worry as dark net markets disappear

Four of the largest criminal marketplaces on the dark net were unreachable on Friday, prompting speculation about police activity.
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Dark web markets boom after AlphaBay and Hansa busts

Following the closure of two illegal markets, listings on rival sites have risen by as much as 28%.
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Huge police sting shuts two dark net markets

International police operations have shut down two of the largest online black markets selling drugs, guns, and counterfeit documents.
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AlphaBay and Hansa dark web markets shut down

The AlphaBay and Hansa marketplaces were known for trade in drugs, weapons and malware.
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Apple Picks New Chief for One of Its Toughest Markets: China

The tech titan has named Isabel Ge Mahe to a newly created executive role to oversee operations in a market where the iPhone maker faces increasingly fierce competition and regulatory challenges.
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Optimism in Financial Markets Fails to Show in Real Economy

Though stocks have been hitting records and big U.S. banks reported stronger-than-expected quarterly earnings, consumers reduced their spending at midyear and became less optimistic about the future.
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Farmers’ Markets of the Heartland

Farmers’ Markets of the Heartland


In this splendidly illustrated book, food writer and self-described farm groupie Janine MacLachlan embarks on a tour of seasonal markets and farmstands throughout the Midwest, sampling local flavors from Michigan, Ohio, Indiana, Illinois, Missouri, Iowa, Minnesota, and Wisconsin. She conducts delicious research as she meets farmers, tastes their food, and explores how their businesses thrive in the face of an industrial food supply. She tells the stories of a pair of farmers growing specialty crops on a few acres of northern Michigan for just a few months out of the year, an Ohio cattle farm that has raised heritage beef since 1820, and a Minnesota farmer who tirelessly champions the Jimmy Nardello sweet Italian frying pepper. Along the way, she savors vibrant red carrots, slurpy peaches, vast quantities of specialty cheeses, and some of the tastiest pie to cross anyone’s lips. x000B x000B Informed by debates about eating local, seasonal crops, organic farming, and biodiversity, Farmers’ Markets of the Heartland tantalizes with special recipes from farm-friendly chefs and dozens of luscious color photographs that will inspire you to harvest the homegrown flavors in your own neighborhood.

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Teotihuacan Mexico City Markets & Food Experience

Teotihuacan Mexico City Markets & Food Experience


Brace yourself for a BIG day of all things Mexican on this Mexico City tour that includes sipping sacred Aztec drinks climbing the Sun Pyramid carousing through street markets negotiating the city’s public transit system visiting a factory that makes cactus candy and dining with a local family.
List Price: $ 78.00
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Latin American Street Food: The Best Flavors of Markets, Beaches, and Roadside Stands from Mexico to Argentina