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The Roman luxury house has started construction of a facility in Tuscany slated to open in 2022. The project has been underway since 2018, but construction is beginning amid intense financial pressure on the industry.
While the pandemic has increased the attraction of secure vertical integration in the industry, it has also created fresh uncertainty over the fate of Italian manufacturing.
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.
IWC’s chief executive says it will keep leaning into its environmental message. But the watchmaker has scrapped a flagship sustainability report, and sustainability was less of a focus overall at this year’s Watches and Wonders Geneva.
The larger-than-life Italian designer, who built a fashion empire based on his own image, died in Florence last Friday.
