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.
A show for Gucci’s “Cosmogenie” cruise collection that was set to take place Tuesday at Seoul’s Gyeongbokgung Palace has been cancelled following a lethal stampede Saturday night. South Korea is in a period of national mourning after more than 150 people were killed amid rushing crowds during a Halloween celebration in the capital city’s Itaewon district.
“Our hearts are filled with grief for those who lost their lives or were injured,” the Italian brand said in a statement.
Gucci first revealed the cruise collection by designer Alessandro Michele at the Castel del Monte in Puglia, Italy in May. Rescheduling the runway show will not be possible, a company source said, but discussions are ongoing with the Korean Cultural Heritage Administration to explore partnering with the landmark venue at a later date.
After preserving his fashion empire’s independence for decades, the 89 year-old designer is taking a more open stance to M&A.
The sharp fall in the yen, combined with a number of premium brands not adjusting their prices to reflect the change, has created a rare opportunity to grab luxe goods at a discount.
Fashion’s presence at Milan Design Week grew even bigger this year. Savvy activations by brands including Hermès, Gucci, Bottega Veneta, Loewe and Prada showed how Salone has become a ‘critical petri dish for dalliances between design and fashion,’ Dan Thawley reports.
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.