Translated by Roberta HERRERA Published Apr 27, 2024 Shortly after his debut bridal runway show, Giambattista Valli found solace in one of the upper chambers of Barcelona’s historic Llotja del Mar. The grand medieval structure, which once housed the Public Bank of Catalonia and nurtured talents like Picasso and Dalí, is a familiar backdrop for … Read more
By AFP Translated by Roberta HERRERA Published Apr 11, 2024 Gucci has long served as the powerhouse driving the luxury conglomerate Kering forward. Yet, sales of the esteemed Italian brand are decidedly on a downward trajectory in a decelerating global luxury market. Consequently, Kering has little choice but to rejuvenate the brand by elevating its … Read more
Translated by Cassidy STEPHENS Published Apr 11, 2024 In the midst of its repositioning, Gucci has announced a new key appointment to complete its front-line management team. Kering’s flagship label has recruited Stefano Cantino from Louis Vuitton to take on the newly created role of deputy CEO to support CEO Jean-François Palus. Palus took the … Read more
By Bloomberg Published Apr 4, 2024 Gucci owner Kering SA is spending €1.3 billion ($1.41 billion) for a property on Milan’s toniest shopping street. Via Monte Napoleone 8 The French luxury group said Thursday that it’s buying Via Monte Napoleone 8 from a unit of Blackstone Property Partners Europe. The 18th-century property covers five floors … Read more
Six days after ending the quarter century career of Pierpaolo Piccioli at Valentino, the Rome-based house has named ex-Gucci designer Alessandro Michele to be its new creative director. Alessandro Michele – Valentino “It is a great honor for me to be welcomed into the Valentino Maison. I feel the immense joy and responsibility of joining … Read more
By Bloomberg Published Mar 24, 2024 Fears of a slowdown among Chinese shoppers have dogged the luxury industry for the better part of a year. Last week the scale of the problem hit home for one of fashion’s biggest but most exposed brands, Gucci. See catwalkGucci – Fall-Winter2024 – 2025 – Womenswear – Italie – … Read more
Translated by Cassidy STEPHENS Published Mar 8, 2024 Kering is seeing the departure of its director of communications and image. Valérie Duport joined the luxury group, which owns Gucci, Saint Laurent and Balenciaga, in 2016. The company tells us that “Valérie Duport has decided to pursue other projects outside Kering,” confirming a report published by … Read more
On the occasion of the publication of its annual results, Kering lifted the veil on the strategy undertaken for its beauty division. Fragrances will be the first category to be developed, positioned in the very high-end segment, with the launch in the second half of 2024 of a first fragrance for Bottega Veneta, followed by … Read more
By AFP Published Feb 8, 2024 Luxury group Kering announced on Thursday that net profit would fall by 17% in 2023, to €2.98 billion, and that sales would fall by 4% to €19.57 billion, as the group restructures its flagship brand Gucci. See catwalkGucci – Fall-Winter2024 – 2025 – Menswear – Italie – Milan – … Read more
By Bloomberg Published Dec 21, 2023 Mike Ashley began to look like he was emulating LVMH founder Bernard Arnault when he elevated a scion of his sportwear empire to a senior role. Now, by buying luxury online retailer Matches, he’s aiming to be Britain’s own bling king. Mike Ashley Ashley, who founded British retail conglomerate Frasers Group Plc and … Read more
