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LVMH to lift age limit, letting Arnault remain CEO until 85

LVMH will ask shareholders to raise the age limit for its CEO and chairman to 85, allowing its billionaire boss Bernard Arnault to remain longer at the helm of the French luxury goods group. Bernard, 76, created the group and has grown it into the world's largest in its sector, holding the position of both chief executive and chairman of the...

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Arena: Deputy CEO Departs Swimwear Specialist

Giuseppe Musciacchio, Deputy CEO of Arena S.p.A., is leaving the Italian swimwear specialist. Effective March 11th, he has resigned from all his positions on the company's Board of Directors and those of the Arena Group's subsidiaries, Arena announced on Friday. The Board of Directors has begun the search for a successor. Until a replacement is...

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Demna's story: His journey to the artistic leadership of Gucci

First the gossip in the hallways, then the rumors that spread outside the company at an ever-increasing pace, finally, the press release that launches this or that designer into the Olympus of fashion or throws out the window who, until a few months earlier, was the creative "genius" of the new millennium. But behind this media circus of...

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Spinnova revises strategy after Suzano no longer wants to invest

Spinnova is going back to the drawing board to rethink its strategy after Suzano decided not to invest in the next phase of their partnership. The Brazilian wood pulp giant said this decision was based on a realignment of priorities and capital allocation, rather than a lack of confidence in Spinnova technology, according to its annual report....

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Is Formula One fashion’s new playground?

The new Formula One season kicks off this weekend in Australia and it seems that the motorsport dominated by the likes of Lewis Hamilton and Charles Leclerc has captured the fashion world with everyone from luxury fashion houses to sportswear brands and high street names looking for a piece of the action. Once confined to a predominantly...

Fashion |Report Featured

Six fashion concepts for SS26 at Texhibition Istanbul

Fashion designer Belma Özdemir analysed more than 500 booths at the seventh edition of sourcing fair Texhibition in Istanbul. She focused on trends, colours and quality, creating two trend areas based on her findings, with three concepts each. These six SS26 concepts demonstrate how manufacturers and designers are shaping the future of fashion...

Fashion |Opinion Featured

Loro Piana’s quiet ascent to become LVMH’s Hermès

Originally a wool merchant, Loro Piana began as a textile mill, exporting high-end fabrics to Europe, Japan, and the Americas. Renowned for its extra-fine wool, cashmere, and vicuña, the company did not enter the ready-to-wear and luxury goods market until the 1980s. It is fair to say it hasn’t looked back since. By the time LVMH acquired an 80...

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Is the fall of the microtrend upon us?

Tomato-girl summer. Coastal cowgirl. Coquette. Blokette. These words may not, at this moment, mean much to you, but at one point their grasp on the fashion industry was palpable. So much so that they had retailers in a scramble to update their collections, just to keep up with the hype. Their influence was short-lived, however. One day, content...

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Lenzing Group recovers in 2024, result remains negative

Austrian firm Lenzing Group, a manufacturer of regenerated cellulose fibers such as Tencel, increased its sales in the 2024 financial year by 5.7 percent compared to the previous year to 2.66 billion euros. The company attributes this increase primarily to higher fibre sales, which rose by 10 percent. At the same time, however, price levels...

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Guess and WHP strike licensing deal for Rag & Bone accessories

Guess and WHP Global, the joint owners of Rag & Bone, have partnered with Signal Brands on a five-year licensing deal for the New York label’s accessory line. The agreement intends to develop and further expand Rag & Bone’s handbags and small leather goods category. It further underlines the brand’s commitment to global expansion, a press...

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Shein chairman confirms IPO plans

Fast fashion giant Shein has confirmed plans to float on the stock market. In conversation with The Times, executive chairman Donald Tang said he wished for the Singapore-headquartered firm “to embrace the accountability and transparency of being a public company”. Tang declined to comment on the timing, valuation and destination of the listing,...

Fashion |Opinion Featured

Demna’s unexpected move to Gucci: A new era for the Florentine house

The shock announcement on Thursday of Demna’s appointment at Gucci was a fashion marriage many did not see coming. After months of speculation about who would replace Sabato De Sarno—would it be Hedi Slimane, who had reportedly already gone real estate shopping in Milan, or another number two who had been flying under the radar, like the earlier...