Business

Kering warns profit to tumble following Gucci woes in China

Kering warns profit to tumble following Gucci woes in China

Kering SA warned that profit will plunge in the first half of the year after wealthy shoppers curbed spending on Gucci products.
Luxury
Business
Ermenegildo Zegna grows by 8% in the first quarter

Ermenegildo Zegna grows by 8% in the first quarter

The Italian group achieved sales of 463 million euros in the first quarter, driven by the US, where sales jumped by 58%, while they fell by 15% in China. While Zegna made progress, Thom Browne fell back.
Luxury
Business

Wethenew acquires assets from bankrupt competitor Kikikickz

The French platform specialising in the resale of vintage sneakers is taking over the assets (websites and customer portfolio) of its competitor. It has also embarked on a general repositioning.
Fashion
Retail

Valentino sees sales fall in 2023

The Roman luxury house achieved sales of €1.35 billion in 2023, down 5% on 2022. However, sales through its direct sales network were up by 3%.
Luxury
Business

Design

Tod’s triumphs with Art of Craftmanship in Venice

Tod’s triumphs with Art of Craftmanship in Venice

Few brands are as attached to the concept of craft as Tod’s whose creative collaboration, The Art of Craftmanship – A Project by Venetian Masters, opened with panache on Friday night.
Fashion
Design
Milan Design Week: Elective affinities at Hermès, Armani

Milan Design Week: Elective affinities at Hermès, Armani

Hermès and Giorgio Armani have taken centre-stage at Milan Design Week with their sophisticated installations, showcasing the affinities between their furniture and fashion collections.
Lifestyle
Design

Adidas-Rheon Labs partnership creates "new era" sports bras

Despite advancements in activewear, most sports bras “are stuck in the past”. That’s according to Joanna Wakefield-Scurr professor of Biomechanics at the University of Portsmouth, and the University of Memphis.
Fashion
Design

Gucci, Bottega Veneta, Saint Laurent, and Loro Piana honor design icons in Milan

These esteemed fashion houses are collaborating with Gio Ponti, Cini Boeri, Gae Aulenti, Portaluppi, and Le Corbusier, to reinterpret their classic designs in luxurious new forms at the Milan Furniture Fair.
Lifestyle
Design

Appointments

Marcelo Burlon steps down as creative director of County of Milan label

Marcelo Burlon steps down as creative director of County of Milan label

The Argentinian designer, who founded the label in 2012, is stepping down at a delicate time of transition for the parent company New Guards Group, on which investment fund Style Capital is said to have set its sights.
Luxury
Appointments
Ganni names ex Balenciaga exec Laura du Rusquec, as new CEO

Ganni names ex Balenciaga exec Laura du Rusquec, as new CEO

Ganni, the clean-cut Danish hipster label, has named the former Balenciaga executive Laura du Rusquec to be its new CEO in a significant shift of emphasis at the brand.
Luxury
Appointments

UK's John Lewis says finance boss to step down later this year

Britain's John Lewis Partnership said on Tuesday that finance director Berangere Michel will step down from her role later this year, after 16 years at the retailer. 
Fashion
Appointments

Former Gucci CEO joins board of Taylor Swift-favored Golden Goose

Former Gucci Chief Executive Officer Marco Bizzarri has been appointed to the board of directors of Golden Goose
Fashion
Appointments

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