How rapid change is reshaping the tradition-soaked luxury sector in Europe and beyond.


Twenty years ago, people laughed at him in his shrunken grey suit. Now he’s showing haute couture in Paris, publishing a weighty monograph on his career, and chairing the CFDA. Who’s laughing now?

The designer has made deft experimentation with colour a hallmark of his aesthetic at the Roman house. Previously known for its signature red, Valentino has expanded its palette under Piccioli — from blistering magenta to dusty electric blues — turning the use of colour into a powerful brand signifier in the process.

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Dior has “postponed indefinitely” its menswear show slated for March 23 in Hong Kong. Production teams, travelling guests and local authorities were informed yesterday of the change, just a month before the event.

Despite macroeconomic conditions that challenged players across the luxury industry, sales for Milan-based OTB Group rose 10.2 percent year-over-year to €1.9 billion ($2 billion) in the financial year 2023, ended Dec. 31.