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.
The Italian megabrand will host a physical event in the West Coast city November 3, shortly before the Gucci-sponsored 10th LACMA Art+Film Gala taking place November 6. The show, hailed as part of Gucci’s ongoing centenary year celebrations, marks a return to the US six years after creative director Alessandro Michele presented his first Cruise collection in New York.
This will be Gucci’s third show under the brand’s new, seasonless approach to presentations; in May 2020, Michele denounced “the worn-out ritual of seasonalities” in favour of twice-yearly collections presented outside the traditional fashion calendar.
Fashion brands are edging in on the world’s largest gathering of design professionals and their wealthy clients, but design companies still dominate the sector, which is ripe for further consolidation, reports Imran Amed.
Blocking the deal would set a new precedent for fashion M&A in the US and leave Capri Holdings in a precarious position as it attempts to turn around its Michael Kors brand.
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.