With Maria Grazia Chiuri's departure from Dior now official, new appointments are anticipated. It seems as though all that is missing is the station master's whistle and the call of “all aboard” to begin this latest journey towards a new creative direction in luxury fashion. We are witnessing a continuous reshuffling of creative directors; only...
20 hours ago
Italian fashion house Gucci has reportedly reshuffled some top positions, including a new head for the Europe, Middle East and Africa (EMEA) region. Maria Cristina Lomanto is taking on the role of president EMEA, according to trade magazine FashionNetwork. She will assume responsibility for the region on June 1. In addition, Marcello Costa has...
22 May 2025
Paris - Luxury group Kering, still weighed down by its flagship brand Gucci, announced on Wednesday a 14 percent drop in sales to 3.88 billion euros in the first quarter of 2025 and is "redoubling its vigilance to overcome macro- economic turbulence". "As we anticipated, Kering faced a difficult start to the year," said its chief executive...
23 Apr 2025
Despite a sharp 23 percent drop in retail sales in 2024, Gucci remains a standout in the resale market—particularly on Vestiaire Collective. The resale platform highlighted this surprising dynamic in its newly released Vestiaire Value Ranking, which identifies the brands offering the best resale value. By analyzing the accessibility,...
14 Apr 2025
As the US stock market continues to fall into negative territory over the latest tariff changes, individuals around the world seek out more stable and secure alternatives for investing. From gold to arts and collectibles, some of the most sought-after investment pieces in the fashion industry have long included Rolex watches and the ever-iconic...
11 Apr 2025
Shein, the ultra-fast fashion giant from China, strengthened its ever-tightening grip on the apparel market in 2024, outpacing competitors once more as budget-conscious consumers continued to turn to familiar brands amid growing economic uncertainty. The Singapore-based Shein is estimated to have extended its apparel market share by 0.24...
25 Mar 2025
Kering’s long-anticipated announcement of Demna as Gucci’s new artistic director was met with a tepid response from investors, falling short of the market confidence the luxury conglomerate had likely hoped for. Shares in Kering closed 10 percent lower on Friday, underscoring concerns that the appointment alone is not enough to signal a decisive...
17 Mar 2025
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...
14 Mar 2025
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...
Kering has found its new creative lead for Gucci. Balenciaga’s Demna, who dropped his last name Gvasalia for professional purposes in 2021, has been appointed as the Italian luxury house’s new artistic director. He will take up the post early July 2025, a press release from Kering has revealed. The group’s decision to turn to Demna leant on his...
13 Mar 2025
As Paris Fashion Week draws the curtain on the month-long womenswear season, the collections—ranging from headline-grabbing debuts (Sarah Burton at Givenchy, Haider Ackermann at Tom Ford) to pointed social commentary (Comme des Garcons, Balenciaga)—reflect an industry in flux. Just as the global fashion economy seemed to have regained its...
12 Mar 2025
Signs of recovery in China’s luxury market are becoming increasingly clear as fashion brands report encouraging results for 2024. Moncler, the Italian luxury outerwear giant, posted annual revenues of 2.7 billion euros, reflecting an 8 percent increase at constant currency compared to 2023. The Asia-Pacific region was a key driver of this...
14 Feb 2025