Against Italy’s gloomy economic backdrop, several Italian luxury brands are dedicating resources to restore monuments, preserve the country’s cultural heritage and offer social support.
BoF’s editor-in-chief Imran Amed reports from the recent press conference held by the Camera Nazionale della Moda Italiana on the state of Italian fashion.
PARIS, France — Ever since fashion entrepreneur Diego Della Valle acquired the rights to couturier Elsa Schiaparelli’s name in 2007, the fashion world has waited with bated breath for news of the label’s relaunch, which was formally confirmed last year. Today, following speculation in Women’s Wear Daily that Marco Zanini, creative director of Rochas, would be tapped as creative director, Schiaparelli revealed that the French
MILAN, Italy — Tod’s SpA reported a 7.6 percent increase in 2012 earnings and said initial results were “positive” in 2013, cut wholesale distribution in Italy by about 20 percent last year to reduce exposure to Europe’s fourth-largest economy, which is mired in recession.
Hedi Slimane’s Saint Laurent debut (Telegraph) “What was most suprising was that it was so unsurprising. It was exactly as expected: lots of masculine/feminine trouser suits, some beautiful wafty dresses and poet’s blouses (most of which we’ve seen before on Kate Moss and Stevie Nicks, although perhaps not always in quite such luxe fabrications) and a cool soundtrack, edited for the show by Daft Punk.
The cobbler and the Colosseum (Telegraph) “Yet very soon the unmistakeable circular façade of the Colosseum will be obscured by scaffolding for the beginning of a €25 million restoration funded entirely by Diego Della Valle, the 58-year-old founder of the shoe company Tod’s.” Apple reveals core values in patent trial (Marketing Week) “Apple is demanding that Samsung pays $2.5bn (£1.58bn) and withdraws
Simons Starts Triumphantly at Dior (On the Runway) “The hardest thing to realize in fashion is that the future lies in the past. The second hardest thing is to forget the past. That precise turn of mind is what Raf Simons showed on Monday as he took control of Dior.” Schiap’s House Reborn (NY Times) “The mover and shaker behind the rebirth of the house of Schiaparelli is Diego Della Valle of Tod’s, who has created
Lunch with the FT: Diego Della Valle (FT) “Tod’s is a success story that continues to show impressive growth: half-year results of the €800m company released this week show sales up by 16.4 per cent from the corresponding period last year and net income up by 26.7 per cent… Tod’s is nothing if not a global concern and, as with most luxury goods companies, eyes are looking hungrily eastwards.” Luxury retailers
Bargains on Flash Sale Sites Serve a Long-Range View (NY Times) “Flash sale Web sites, a thriving e-commerce trend to promote limited-time sales, started as a way for brands to unload excess inventory… But now they have become something else: a way to advertise and find new customers, many of whom visit the sites of the brands and buy full-price merchandise soon after the sales.” Olympics Ahoy! (IHT) “Love
Sleek and Luxe (IHT) “‘I wanted to play with color, a little of the 1970s and a lot of irony,’ said Ms. Giannini backstage, after the parade of fabulous Ms. Fox furs in turquoise, purple, rust and lilac wrapped around the shoulders above slim leather dresses or those sporty jackets with pleated culotte skirts that looked a lot like Yves Saint Laurent archives updated.” The Kiddie Couturiers (NY Times)