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RICHEMONT ACQUIRES DELVAUX

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Richemont acquires Delvaux, so Philippe Fortunato “a predestined name” and Managing Director of fashion houses and accessories at Richemont, hailed Delvaux’s heritage, know-how and exceptional manufacturing capabilities. The house’s rich archives and creative momentum over the past decade provide a solid foundation for the company’s long-term development, strengthening Richemont’s presence at the top of the global leather goods industry, putting a dagger in the side of the Lord of the Arnault, and that is not a Belgian story.

Founded in 1829, Delvaux is considered as the oldest luxury leather goods house in the world, the first to patent leather handbags in 1908, and the brand was one of the first luxury companies to introduce seasonality into its collections in the 1930s. Official supplier to the Royal Court of Belgium since 1883, it boasts an archive of over 3,000 designs, all of which are patented. Continue reading →

MARCO GOBBETTI QUITS BURBERRY

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Marco Gobbetti is stepping down as CEO of Burberry, and will leave his post at the end of 2021 after nearly five years on the job.

The company said Monday he is leaving to take up another opportunity "that will enable him to return to Italy and be closer to his family.

He will be taking up the role of general director and CEO of Salvatore Ferragamo.

The hunt is on for his successor, said Burberry, adding that Gobbetti will work with chairman Gerry Murphy to provide full support to the executive leadership team on an orderly transition.

At Ferragamo, Gobbetti will step into the shoes of Micaela Le Divelec Lemmi, who was appointed in 2018.

VUITTON IGNITE THE LUXURY STREETWEAR

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The French luxury brand unveiled the sneakers as part of Virgil Abloh’s spring 2022 men’s collection and Nike Partners With Louis Vuitton on New Air Force 1 Sneakers.

In an homage to hip-hop culture, Virgil Abloh has brought together his two biggest brand partners to create what is sure to be one of this year’s hottest sneaker collaborations.

The shoes, designed in 21 colorways, were unveiled on Thursday as part of Abloh’s spring 2022 men’s collection, a sked whether they would be made available for sale, Vuitton responded: “Stay tuned for more details.”

The shoes feature a small neon green serrated tag on the side, and a label with the Louis Vuitton name and the Nike swoosh on the tongue. Continue reading →

HANDBAG RENTAL

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Kering Invests in Luxury Handbag Subscription Rental, a London-based subscription platform for luxury handbag rentals.

The business, which launched in November 2019, has completed a new funding round with Kering as the newest investor. Cocoon’s model is rental rather than resale, with customers choosing from a variety of memberships that currently give them access to more than 35 luxury brands including Gucci, Dior, Prada and Chanel. Subscribers choose from flexible monthly and quarterly plans, and can keep the bags for a set period of time.

The handbags arrive at customers’ homes packaged with personalized notes as if they were gifts, but they are not for sale. Instead, they’re on constant rotation, with styles updated and refreshed by the Cocoon team in step with runway and social trends.

Ceanne Fernandes-Wong, chief executive officer and cofounder of Cocoon, said that with Kering’s “incredible history, proven track-record of innovation and deep luxury knowledge, it’s fantastic to have investment from such a powerful market leader.” Continue reading →

MACRON INAUGURATES HIS MENTOR’S STORE

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Return on investment for Bernard Arnault with the inauguration of the new  department store “La Samaritaine” by the French President Emmanuel Macron yesterday evening, marking the culmination of a 16-year renovation process that promises to galvanize shopping and tourism in the centre of Paris as the city emerges from the coronavirus pandemic.

“Oh la la!” the French leader exclaimed as he walked into the painstakingly restored Art Nouveau building, where 700 employees lined along the stairs and balconies greeted him with loud cheers. Will we be back to the 18th century when staff belonged to the Lord? It looks like Selfridges serie to follow on Netfilix

He praised Arnault and his group for their “relentless” commitment to the project, noting that none of it would have been possible without teamwork. Now LVMH is betting that its 750 million-euro investment will pay off, despite the continued absence of tourists, which are the lifeblood of DFS, the travel retail division which operates the store. Continue reading →

SNEAKER IN PINAULT WOOD

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After two years of in-house research and development, Gucci is unveiling an innovative and groundbreaking animal-free luxurious material called Demetra.

Demetra contains upward of 77 percent plant-based raw materials and is made of viscose and wood pulp compound from sustainably managed forest sources as well as bio-based polyurethane from renewable sources. Back in the wood business for Pinault it makes sense !

Produced entirely in Italy in Gucci’s factory, the new material is using the same expertise and processes for tanning, which ensures that, in addition to offering top quality, the material is soft, durable, resilient and pliable, claimed the company. Price will be between 590 and 790 euros. Continue reading →

CHANEL THE FALL

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The French luxury house reported on Tuesday that revenues totaled $10.1 billion in 2020, down 18 percent at comparable rates.

This was in line with the forecast by Bruno Pavlovsky, president of fashion and president of Chanel SAS, who said in June 2020 that the company was expecting a double-digit drop in sales for the full-year. Chanel underperformed competitors such as luxury conglomerate LVMH Moët Hennessy Louis Vuitton, which saw revenues decrease 16 percent at constant exchange rates in 2020; Kering, which reported a 16.4 drop in organic sales, and Hermès International, which recorded a 6 percent decline. Continue reading →

SACAI AND JONES IN DIOR RESTAURANT

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The Dior men’s artistic director tapped Sacai designer Chitose Abe to work on a capsule line of 57 items that will bear a logo fusing the identities of both labels, with the Sacai name written inside the “i” in Dior a first for the French fashion house. The collection, dropping in November, is sure to be one of the most anticipated this year.

Abe is part of a loose collective that includes Jones, Virgil Abloh, Matthew Williams and Yoon Ahn who are responsible for transforming streetwear into a luxury category.

Both Abe and Jones are serial collaborators. Sacai has partnered with brands ranging from sportswear behemoth Nike to emerging designers like Tomo Koizumi, but Abe said it was important that the balance of power should be equitable.

“Dior is a very respected heritage brand which I’ve admired ever since I decided to become a designer, so it’s a huge honor. It’s also a brand that has historically demonstrated the importance of innovation, but I’m sure that for a maison like this, the decision to add another brand name to its own is not taken lightly. Continue reading →

FERRARI DIVERSIFICATION

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In an exclusive preview, creative director Rocco Iannone and chief brand diversification officer Nicola Boari mapped out their vision and strategy as Ferrari prepares to hold its first luxury fashion show on Sunday.

Ferrari is mythical, said the brand diversification creative director. Ferrari’s community recognizes itself in a series of values that is unique to the label and that need to be understood to be translated into fashion.

First runway fashion show in Maranello, at the headquarters of the storied luxury sports car maker. Iannone, who was tapped to the role in November 2019, will present the brand’s fashion manifesto with a collection for men, women and children. We will see.

VUITTON DANS QUEL MONDE ?

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Nicolas Ghesquière will unveil Louis Vuitton’s cruise 2022 collection with a livestream scheduled for June 15 at 2 p.m.

Perhaps far from the most famous Parisian monuments, the Expiatory Chapel allows us to explore one of the darkest facets of Paris: the French Revolution and the Terror. Built on the very spot where Louis XVI and Marie-Antoinette were buried, it is one of the most secret monuments of the capital. Hotel Cheval should be a good idea.

The French luxury brand is keeping the location and other details under wraps, although it is understood the collection has already been paraded and filmed somewhere in the vicinity of Paris. The content will be viewable on Louisvuitton.com and its main social media. Continue reading →

YANA BESFAMILNAYA

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Nothing is constant in this world. Everything changes, evolves and transforms each day and everyday. Transformation is everything and everything is transformation. Take a risk and transform, invent, switch looks, play fashion, be badass, make a statement and be sexy.

“I started designing kids clothes when my first child Sophia was born and became a designer. Now looking back into the past, I realize that this was not the beginning. As a child I used to draw models in beautiful dresses in cla “I started designing kids clothes when my first child Sophia was born and became a designer.

Now looking back into the past, I realize that this was not the beginning. As a child I used to draw models in beautiful dresses in classes. Fashion design was always my passion” says Yana Besfamilnaya, the founder and designer. She started with local sewing courses, design courses then graduated Central Saint-Martin’s and NABA Milan fashion courses and ran her first womenswear collection. This was followed with a lot of self-seeking, great amount of hand embroidery, couture design and hard working on searching of the brand identity. Continue reading →

FOCUS ON 3 ANDAM PRIZE COMPETITORS

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To my opinion, there are only 3 out of 14th competitors to eventually win the ANDAM Grand Prize, The winner will receive 300,000 euros and a year of coaching from Balenciaga’s chief executive officer Cédric Charbit who is  the president of the jury this year. You will more information on the 3 finalists to be followed hereafter

GMBH

Berlin is known for its free and uninhibited underground parties. It is in the clubs of this temple of techno that the founders of GmbH, Serhat Isik and Benjamin Alexander Huseby, meet.

Serhat Işık and Benjamin A. Huseby established the Berlin-based label GmbH in 2016, quickly gaining a reputation for sustainable practices and an aesthetic that references underground club culture, migration, politics, queerness and more. Their gender-fluid collections are known for innovative tailoring, streetwear cool and subversive touches, with their fall 2021 collection boasting sensual off-the-shoulder coats and jackets worn by men.

Last month, Işık and Huseby were named creative directors of Trussardi and will present their first Fall collection on 2022.

Işık is a first-generation German of Turkish descent and Huseby, of Norwegian-Pakistani heritage, grew up in Norway. Cultural mixes and a sense of otherness have informed GmbH, and the city and cultural scene of Berlin have also shaped their approach. Last year GmbH was a finalist for the Woolmark Prize. Continue reading →