Valentino’s Full-Year Sales Fall 3 Percent
The results help to explain owner Mayhoola’s decision to shake up the brand’s aesthetic direction by hiring former Gucci designer Alessandro Michele.
Lee Seo-hyun
Company Snapshot
As head of Samsung's Welfare Foundation and the Leeum, Samsung Museum of Art, she is poised to inherit control of the sprawling Korean conglomerate.
The News in Brief
TikTok’s Crackdown on Ozempic Influencers Threatens Weight-Loss Drug Hype Machine
The social media platform will effectively ban most weight loss-related content from appearing on its app starting next month, according to a sweeping new set of community guidelines published on its website last week.
Vivienne Westwood’s Personal Wardrobe To Be Auctioned
A taffeta ball gown with the span of a light aircraft is one of the more magnificent items to go on sale at Christie’s in June as part of an auction of the personal wardrobe of Dame Vivienne Westwood.
Valentino Chairman Bets Quiet Luxury Is Over After Michele Hire
The fashion industry’s era of so-called quiet luxury is over and affluent consumers will want bold designs again, the chairman of Valentino has predicted.
Marcelo Burlon Steps Down as Creative Director of Namesake Brand
Burlon, a former DJ, stylist and PR, founded the Milan-based label as a T-shirt line in 2012, inspired by ‘90s club culture.
Designer Nancy Gonzalez Sentenced to 18 Months in Exotic Skin Smuggling Case
The Colombian designer, whose bags have been worn by celebrities and featured on shows like Sex and the City, previously pled guilty to illegally importing millions of dollars of crocodile and snakeskin handbags into the US.
The Wealthy are Less Willing to Spend on Sustainable Products
Millennial and Gen-Z respondents were among the most likely to pay a premium for environmental-friendly practices.
Express Files for US Bankruptcy Protection, to Close Over 100 Stores
Fashion retailer Express Inc has filed for Chapter 11 bankruptcy in the United States and intends to close more than 100 stores, it said on Monday.