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.
Pont joins from Moncler, where she served as worldwide marketing and communication director at a time when the skiwear brand was ramping up the pace of buzzy initiatives through its “Genius” program of frequent desinger collaborations.
The CMO role is a newly created position at Kering-owned Balenciaga, which has been reinforcing its marketing and press operations as the label aims to keep scaling up, and after longtime communications boss Lionel Vermeil moved to a role at the company’s group level.
Earlier this year, the brand tapped Robin Meason, a longtime collaborator of artistic director Demna Gvasalia through the press agency Ritual Projects, as its worldwide public relations director.
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Can Balenciaga Modernise Couture?
Reviving Balenciaga’s haute couture operation has been a transformative experience for Demna Gvasalia, resulting in a democratic, gender-fluid collection that includes jeans and t-shirts.
The group’s flagship Prada brand grew more slowly but remained resilient in the face of a sector-wide slowdown, with retail sales up 7 percent.
The guidance was issued as the French group released first-quarter sales that confirmed forecasts for a slowdown. Weak demand in China and poor performance at flagship Gucci are weighing on the group.
Consumers face less, not more, choice if handbag brands can't scale up to compete with LVMH, argues Andrea Felsted.
As the French luxury group attempts to get back on track, investors, former insiders and industry observers say the group needs a far more drastic overhaul than it has planned, reports Bloomberg.