By Bloomberg Published Jan 16, 2024 Struggling Italian fashion house Trussardi SpA is nearing a deal that will see it transferred to a new owner and have assets sold off as part of a debt restructuring. See catwalkTrussardi – Fall-Winter2023 – 2024 – Womenswear – Milan – © ImaxTree After an extended marketing process that … Read more
By Bloomberg Published Jan 13, 2024 Luxury stocks are off to a rough start this year, adding to their 2023 drop, with Burberry Group Plc’s surprise profit warning crushing hopes for a near-term rebound. See catwalkBurberry – Spring-Summer2024 – Womenswear – Royaume-Uni – Londres – © Launchmetrics Burberry shares slumped as much as 15% on … Read more
Translated by Nicola Mira Published Jan 10, 2024 Kering is keenly interested in Italian start-up Sqim, also known as Mogu. Through Kering Ventures, its venture-capital arm, the French luxury group has backed the Italian start-up specialised in materials bio-produced using mycelium (sourced from mushroom roots) in the latter’s first major funding round. Sqim has raised … Read more
By Bloomberg Published Jan 10, 2024 Former Credit Suisse chief Tidjane Thiam resigned from the board of France’s Kering SA in order to focus on politics in the Ivory Coast, the company said in an e-mailed statement. See catwalkGucci – Spring-Summer2024 – Womenswear – Milan – © Launchmetrics Thiam won a vote in December to … Read more
Translated by Roberta HERRERA Published Jan 8, 2024 With its headquarters, production sites, logistic centers, and units for research and innovation, Italy has become an extremely strategic location for Kering. Ever since the French group acquired a stake in the Gucci Group in 1999 – a pivotal milestone in the company’s evolution to becoming a … Read more
Translated by Cassidy STEPHENS Published Jan 2, 2024 While the general public is beginning to embrace generative AI which, simply put, offers personalised texts and images, the fashion and luxury sectors are using artificial intelligence to generate advertising campaigns, product sheets, customer experiences, and even the products themselves. But while AI seems to be the … Read more
After a wait of 23 years and a few ups and downs, the Fontainebleau luxury resort in Las Vegas finally opened its doors in mid-December. Owned by Fontainebleau Development, the spectacular $3.3 billion complex has just unveiled its retail offering. Fontainebleau casino and resort opened in Las Vegas Between the 3,644 luxury hotel rooms and … Read more
NOT SO MERRY: “With the Gucci tree with which we’re decorating the Galleria, we want to spread a message of joy and beauty with all of you and the entire city of Milan,” was the message from Gucci president and chief executive officer Jean-François Palus during the lighting ceremony of the tree in December. That … 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
Translated by Nicola Mira Published Dec 22, 2023 The heralded departure of Matthew M. Williams, who has been in charge of style at Givenchy since 2020, has fuelled a fresh spate of wild rumours about his succession. And about the creative director positions at other LVMH labels. Is a new round of musical chairs on … Read more
