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.
Former Barney’s New York chief executive Daniella Vitale will join Salvatore Ferragamo as its new CEO for North America as the Italian shoemaker seeks to reboot its management.
The brand also named a new CEO for the EMEA region, Vincenzo Equestre, who previously held senior commercial roles at L’Oreál and at LVMH’s Chaumet and Christian Dior brands.
Ferragamo is attempting to revive its business after years of falling market share as well as taking a heavy hit during the coronavirus pandemic last year. The brand recently tapped a new chief executive, Marco Gobbetti, who is set to join later this year from Burberry, as well as cutting loose its creative director Paul Andrew this spring. The house showed a transitional collection signed by its studio (led by menswear chief and design director Guillaume Meilland) during Milan Fashion Week in September.
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What Now for Burberry’s Turnaround?
CEO Marco Gobbetti is leaving for Salvatore Ferragamo with the British brand’s revival only partially successful.
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.
Balenciaga’s deputy CEO Laura du Rusquec will replace Andrea Baldo as the Danish brand aims to elevate its image.