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 luxury brand named Masumi Shinohara to the post, which will be based out of Tokyo. Before Valentino, Shinohara worked for Zegna Japan as president and as president, CEO and representative director for LVMH-owned Berluti Japan.
In his new role, Shinohara is tasked with expanding the brand’s presence in department stores and retail locations in both regions and will report to Valentino Chief Commercial Officer Marco Giacometti.
The announcement follows a series of changes to Valentino’s global executive roster. Mitchell Bacha was named the brand’s CEO for Greater China in April. Last year, Valentino appointed Laurent Bergamo to chief executive of the Americas region, replaced in his role as general manager for the Middle East by Simone Bertolini. Although Valentino has come to be known in the fashion industry for its couture prowess under creative director Pierpaolo Piccioli, the brand is currently focused on replicating the commercial and retail success of its rockstud styles and deepening its relationship with consumers beyond Europe and the US.
The designer has always been an arch perfectionist, a quality that has been central to his success but which clashes with the demands on creative directors today, writes Imran Amed.
This week, Prada and Miu Miu reported strong sales as LVMH slowed and Kering retreated sharply. In fashion’s so-called “quiet luxury” moment, consumers may care less about whether products have logos and more about what those logos stand for.
The luxury goods maker is seeking pricing harmonisation across the globe, and adjusts prices in different markets to ensure that the company is”fair to all [its] clients everywhere,” CEO Leena Nair said.
Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a broader slowdown in demand for the sector.