By Bloomberg Published Apr 24, 2024 Kering SA warned that profit will plunge in the first half of the year after wealthy shoppers curbed spending on Gucci products. See catwalkGucci – Fall-Winter2024 – 2025 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight Recurring operating income will drop between 40% and 45% in the first six … Read more
Middle Eastern and Chinese investors are reportedly eyeing a Selfridges stake as Thailand-based Central Group continues to seek an owner-partner to replace failed co-owner Signa. Selfridges Central is aiming for a partner to buy out Signa’s remaining holding and The Times reported that it’s talking to several sovereign wealth funds and other deep-pocketed potential buyers. … Read more
FIT FOR MCQUEEN: As part of its “transformation strategy” under new designer Seán McGirr, Alexander McQueen has named Gaelle Collet its chief brand and communications officer, WWD has learned. She starts on May 15 and reports to Gianfilippo Testa, president and chief executive officer of the London-based fashion house. Previously, Collet spent five years at … Read more
After Inditex saw its investors demand greater transparency regarding the factories where it produces its garments, listed fashion companies are now also facing questions from impact investors. Their aim: to encourage companies to adopt processes that are more respectful of workers and the environment. Johanna Schmidt is an investment strategist at Triodos Investment Management, which … Read more
Alexander McQueen is reorganising. The Kering label has appointed a new chief brand and communications officer, Gaelle Collet. The Spanish-born manager will take up her post on May 15, reporting directly to CEO Gianfilippo Testa. She will be responsible for steering the brand’s strategy in terms of public relations, communications, image and marketing. Alexander McQueen … Read more
By Bloomberg Published Apr 19, 2024 Three months before his 90th birthday, Giorgio Armani is hinting at possible big changes for his Italian fashion empire once he’s no longer in charge. After fighting for years to keep Giorgio Armani SpA independent amid the mergers and acquisitions that reshaped the luxury sector, the billionaire design virtuoso … Read more
By Reuters API Published Apr 17, 2024 Italian luxury group Brunello Cucinelli said on Wednesday its sales rose 16.5% at current exchange rates in the first quarter, driven by growth in all regions, including Asia. Brunello Cucinelli As demand for luxury goods slows, the gap between the performances of different groups widens, with those focusing … Read more
Harvey Nichols has faced tough conditions in recent years but it’s now hoping for a better time ahead with the announcement of a new CEO. Julia Goddard, new Harvey Nichols CEO Julia Goddard is its new top executive and will take up the reins in June, as well as joining the board, moving from Kering’s … Read more
Translated by Roberta HERRERA Published Apr 16, 2024 During the Milan Furniture Fair, luxury houses prominently showcase projects that draw heavily on heritage, collaborating with pivotal figures in design. Many leading labels have opted to reissue the celebrated historical works of design luminaries, particularly Italian, reinterpreting these pieces in opulent versions that align seamlessly with … Read more
By AFP Published Apr 12, 2024 Italian fashion designer Roberto Cavalli, whose penchant for python and flamboyant animal prints made him the darling of the international jet set for decades, died Friday at 83, the luxury company said. Dr “It is with deep regret and a great sadness the Roberto Cavalli Maison participates in the … Read more
/cdn.vox-cdn.com/uploads/chorus_asset/file/25440969/videoframe_48666.png)
