The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
PARIS, France — Italian jeans brand Diesel has named Y/Project designer Glenn Martens as its creative director.
After declaring Chapter 11 bankruptcy at its US division, Diesel returned to growth in 2019, contributing to a 6.6 percent increase in OTB's sales which hit €1.53 billion ($1.8 billion). The denim brand also tapped a new CEO, Massimo Piombini, this year.
“Ever since I met Glenn in 2017 I saw his experience grow and his talent cement,” Rosso said in a statement. “I am happy to now see him take the helm of Diesel, where he will marry his design vision with the iconoclastic values of this unique brand."
Related Articles:
[ Can Diesel Be Cool Again?Opens in new window ]
[ The Future Of Maison MargielaOpens in new window ]
[ Can Y/Project Sustain the Hype? Opens in new window ]
The sharp fall in the yen, combined with a number of premium brands not adjusting their prices to reflect the change, has created a rare opportunity to grab luxe goods at a discount.
Fashion’s presence at Milan Design Week grew even bigger this year. Savvy activations by brands including Hermès, Gucci, Bottega Veneta, Loewe and Prada showed how Salone has become a ‘critical petri dish for dalliances between design and fashion,’ Dan Thawley reports.
The Hood By Air co-founder’s ready-to-wear capsule for the Paris-based perfume and fashion house will be timed to coincide with the Met Gala in New York.
Revenues fell on a reported basis, confirming sector-wide fears that luxury demand would continue to slow.