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.
Enzo Quarenghi will join Valentino to head a new division combining its Retail Excellence and Global Markets units, the Rome-based brand said in a statement Monday. Quarenghi, who was previously Italy CEO for payments giant Visa, is being charged with revamping the brand’s customer journey and enhancing strategic connections between communications and selling.
The appointment comes as luxury brands seek to reinvigorate their boutiques during the Covid-19 pandemic by better integrating them with online channels. LVMH recently named a chief omnichannel officer, while Moncler moved to take control of its e-commerce for the first time, pulling out of a white-label arrangement operated by Yoox Net-a-Porter.
Quarenghi will report to Valentino chief executive Jacopo Venturini, who joined the brand from Gucci last year.
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.
Hermès’ elusive sales strategy is at the centre of a new legal challenge for the French luxury giant. BoF breaks down the practices under scrutiny and what the suit could mean for the fashion industry at large.
A sharp drop in the label’s Asia-Pacific sales is the latest sign that Chinese luxury demand is cooling.
This week, Kering flagged sales were down 20 percent at its flagship brand, knocking confidence in the group’s turnaround strategy. ‘A more drastic solution is required,’ one analyst wrote.