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A new subdued Gucci opens Milan Men's Fashion Week

Gucci on Friday debuted its first menswear collection without its former creative director, Alessandro Michele. While simultaneously opening Milan Men’s Fashion Week, it was also Gucci’s first standalone show after years of presenting in a co-ed format. It was certainly a far cry from its September Twinsville presentation. As the sound of a bass...

13 Jan 2023

RetailFeatured

American luxury shoppers are flocking to Europe

What do London, Paris and Milan have in common? A surge in American luxury shoppers, who are on the continent to buy European high-end fashion and accessories, as the dollar continues to stretch to its highest value in 20 years. In a recent note, Bank of America said: “Very strong demand from US luxury customers was the biggest positive tailwind...

12 Dec 2022

Business

Kering and L’Occitane partner on Climate Fund for Nature

Luxury group Kering and cosmetics giant L’Occitane have come together to launch the Climate Fund for Nature during the ongoing Conference of Parties (COP) of the Convention on Biological Diversity, taking place in Montréal. The goal of the initiative is to mobilise resources from the luxury fashion and beauty sectors to protect and restore...

12 Dec 2022

Fashion

Gucci to present Cruise collection in South Korea

Gucci confirmed it will stage its cruise collection in Seoul on May 15th, 2023. The Italian luxury house cancelled a runway scheduled last month after a harrowing Halloween street incident saw 150 people die in the South Korean capital. By announcing its cruise collection ahead of time, which takes place mid next year and follows the men's and...

9 Dec 2022

Fashion Featured

Balenciaga distances itself from child pornography associations, but is the damage done?

Balenciaga has directly addressed the controversy regarding its latest ad campaign, which features plush bears in leather harnesses and children in the background as well as court documents pertaining to a well-publicised child pornography case. In a grovelling statement the Kering-owned luxury house said it wants to learn from its mistakes and...

29 Nov 2022

PeopleFeatured

Alessandro Michele exits Gucci, Kering confirms

Kering on Wednesday confirmed Alessandro Michele’s exit from Gucci, the latest shakeup in the fashion industry after high profile departures at Burberry, Bottega Veneta and Ferragamo. Mr Michele was a relatively unknown designer when he took the creative reigns at Gucci in 2015 and some saw the appointment by CEO Marco Bizzari as a gamble. Yet...

24 Nov 2022

People

Gucci creative director Alessandro Michele reportedly set to exit

Gucci’s creative director Alessandro Michele is reportedly set to leave the Italian luxury label. It comes after Michele failed to “initiate a strong design shift” at the storied fashion house, an anonymous source told WWD. Another source told the news publication that François-Henri Pinault, the chair and CEO of parent company Kering, is...

23 Nov 2022

Fashion

Bottega Veneta to offer lifetime guarantee service on its handbags

Luxury handbags are investment pieces, yet despite their desirability and high price points, they are also privy to normal wear and tear, despite being high-end products. Italian luxury house Bottega Veneta is hoping its new lifetime warranty assurance is proof its bags are produced to last. From November a new service called “Certificate of...

28 Oct 2022

Business

Hermès to raise prices as sales remain buoyant

Hermès revenue surpassed analyst’s expectations, beating estimates of a 15 percent increase to a record 24 percent. Despite a dip in share value, with shares having fallen nearly 15 percent in 2022, high spending tourists, especially Americans with a strong dollar, kept the luxury giant well ahead of competitors. By comparison Kering posted...

21 Oct 2022

BusinessFeatured

Kering sales increase 14 percent, posts strong growth across labels

Kering Group revenue of 5,137 million euros was up 23 percent as reported and up 14 percent on a comparable basis in the third quarter of 2022. The company said in a release that versus the third quarter of 2019, comparable revenue was up 28 percent. Revenue in the company’s directly operated store network increased 19 percent on a comparable...

21 Oct 2022

Fashion Featured

Kering tackles greenwashing with new guidelines

Kering has issued an updated sustainability guidance to the group's brand portfolio on greenwashing. The French luxury giant, which operates Gucci, Balenciaga and Bottega Veneta, said its brands and suppliers must communicate their sustainability efforts and results transparently and appropriately, with data underlying statements where possible....

11 Oct 2022

Fashion Featured

Paris packs a punch, as Dior and Saint Laurent kick off fashion week

Powerhouses Dior and Saint Laurent set the bar high at the start of Paris fashion week, showcasing two incredible collections from two of the world’s most successful companies. These uber fashion houses do not waver or do presentations by halves, with expensive sets and production prowess that only come from a storied history and an unrivalled...

28 Sept 2022