Enninful will transition to a new global advisory role, while ‘having the freedom to take on broader creative projects,’ he said in a memo to staff.

Creative director Giovanna Engelbert has rolled out a colourful, more exuberant aesthetic and enlisted fashion heavy-hitters like Steven Meisel and Pat McGrath as the Austrian crystal-maker seeks to return to profitability by boosting its presence in fine jewellery.

The privately-held fashion and beauty giant’s sales rose 17 percent to $17 billion in 2022. Private salons for top-spending clients, emerging technologies and a new London headquarters are on new CEO Leena Nair’s agenda.

How a unique approach to supply chain, design, communications and retail has powered blockbuster demand for iconic bags like the Birkin and Kelly, enabling the French leather goods house to face down rivals and become a global megabrand with a market capitalisation greater than Nike’s.

The social-media savvy designer is leaving the ready-to-wear brand after a single season.

After reaching €500 million in annual sales, Golden Goose is set to roll out a new cultural hub in Venice and leverage partnerships with creators including Suki Waterhouse and Brian Woo, joining players like Louis Vuitton and Moncler in putting culture, not just fashion, at the heart of its brand in a bid to widen its appeal.

The French brand has accelerated the pace of opening new workshops and training centres in response to rising demand for its handbags.

Prada reported a strong rebound in Asia and shook off fears of a US slowdown.