Luxury brands are casting a wide net to find Chinese celebrity ambassadors, but some must now realise that a great catch is not always the right match.
Gucci plans to name a new creative director as early as this week, with accessories designer Alessandro Michele leading a list of candidates for the job.
Of all the fall-winter fashion collections on show in Milan over the next four days, the label that will attract the most attention will probably be Gucci, and not because of the clothes.
Both the Savigny Luxury Index and the MSCI World Index suffered from profit-taking in the first half of December.
Italian fashion house Gucci said on Monday it would strengthen controls on its suppliers after a television program showed Chinese employees working more than three times their official hours to assemble its handbags.
The hottest trend at France’s second-biggest luxury group this season: Executive departures as the owner tightens the reins. Asset sales may be next on the runway.
Gucci’s longtime creative director Frida Giannini is leaving, a victim of her own success after her designs became too popular to retain the exclusive cachet their price tags demand.