Valentino Cancels Menswear and Haute Couture Shows
Valentino has scrapped its June runway shows for menswear and haute couture following last week’s announcement that creative director Pierpaolo Piccioli is exiting the brand.
The Rome-based couture house’s bet on Rome’s most bankable design talent could help it punch above its weight.
This week, Kering flagged sales were down 20 percent at its flagship brand, knocking confidence in the group’s turnaround strategy. ‘A more drastic solution is required,’ one analyst wrote.
A new creative configuration will be announced soon, the Roman couture house said.
The brand is being accused of unlawful ‘tying’ for allegedly requiring shoppers to buy ancillary items from other product categories before they were allowed to purchase the brand’s sought-after Birkin bags.
ADVERTISEMENT
Kering’s first-quarter revenues will likely decline by 10 percent on a comparable basis, the Paris-based luxury group flagged on Tuesday.
The lacklustre month follows a 19 percent year-on-year drop in January, the bank’s analysts said. LVMH, Brunello Cucinelli and Ferragamo are among the companies most exposed to a US slowdown.
Jean-Jacques Guevel’s departure follows the exit of the brand’s marketing chief Txampi Diz last week.
The Belgian designer will step down as creative director of his namesake fashion house following its June menswear show, he announced in a letter to fashion editors Tuesday.
ADVERTISEMENT
The Milan-based group’s continued acceleration in a slowing luxury market could ease pressure on its new generation of leaders as Miuccia Prada and Patrizio Bertelli plan their succession.
Creative director Pelagia Kolotouros and CEO Thierry Guibert are banking on a retail-driven strategy and fresh focus on fashion and tennis to power the brand’s growth.
New designers Chemena Kamali and Seán McGirr will make their runway debuts for the storied but stagnant luxury fashion houses in Paris this week. That, and what else to look for in the coming days.
Sales at Renzo Rosso’s Breganza-based fashion group have continued to climb in a rocky market for designer apparel, validating the design-led approach that was on display at the Diesel and Marni shows this week in Milan.
Valentino has scrapped its June runway shows for menswear and haute couture following last week’s announcement that creative director Pierpaolo Piccioli is exiting the brand.
Di Felice, creative director of Parisian fashion house Courrèges since 2020, will guest design Jean Paul Gaultier’s next haute couture show.
The trade fair brought together furniture and homeware propositions from fashion favourites like Rick Owens, Sacai, Charlotte Chesnais.
Dior has “postponed indefinitely” its menswear show slated for March 23 in Hong Kong. Production teams, travelling guests and local authorities were informed yesterday of the change, just a month before the event.
Lectra will pay around $85 million for 50.3 percent of the company with plans to acquire the remaining shares by 2030 in 5 annual tranches at prices adjusted for growth.
The Capri-owned Italian label has appointed Caroline Deroche Pasquier communications chief and used the occasion to highlight the long list of key hires made by new CEO Emmanuel Gintzberger.
Pulis is a major figure in the communications landscape, having worked to launch blockbuster perfumes like Sauvage, the world’s best-selling juice, during a 16-year tenure at Parfums Christian Dior.
The Fédération de la Haute Couture et de la Mode, Paris Fashion Week’s organising body, released provisional calendars for January’s menswear and haute couture weeks.