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.
Sales at Italian fashion group Salvatore Ferragamo fell by 20 percent in the fourth quarter, broadly in line with expectations, as new lockdowns to fight a resurgence of Covid-19 in Europe more than offset a strong rebound in China.
Full-year sales plunged by a third to 916 million euros ($1.1 billion), compared with a SmartEstimate consensus estimate of 911 million euros provided by Refinitiv.
By Claudia Cristoferi, editing by Silvia Aloisi
The Rome-based couture house’s bet on Rome’s most bankable design talent could help it punch above its weight.
The duo behind Skims are taking a minority stake in the luxury cashmere label, with an eye on scaling the cult brand.
After headline pieces — sometimes formerly owned by celebrities or featured on TV — sell for blockbuster prices, they can end up pretty much anywhere, from museums to collectors’ closets.
Serre, who grew sales by 20 percent in 2023, has been named Pitti Uomo’s next guest designer. She’s using the opportunity to show her men’s collection for the first time.