Felix Capital Appoints Laurent Droin Partner
Droin was most recently a partner at Eurazeo, where he led investments in Gisou, Axel Arrigato and Ex Nihilo.
This Week: Luxury’s Salone Love Affair
The downturn in demand for luxury fashion hasn’t stopped major brands from making a splash at Milan’s Salone del Mobile design fair.
Why Gucci Picked Demna
The era-defining Balenciaga designer will take the reins of Italy’s biggest luxury brand in a surprise shakeup of parent company Kering’s creative ranks. The French group is under pressure to turn around performance after profits tumbled 46 percent last year.
At Bottega Veneta: Blazy Out, Trotter In
Under Matthieu Blazy, the Italian leather goods label was a bright spot in Kering’s portfolio. Louise Trotter, who will leave Carven in late January, is set to replace him.
This Week: Chanel Under the Microscope
The French couture and beauty giant will stage a major show in Hangzhou on Dec. 3, amid a severe slowdown in luxury demand and signals that a new designer will soon be announced.
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Kering Names New CEOs at Saint Laurent and Balenciaga
The company is shaking up its executive ranks again amid sliding sales. Balenciaga chief Cédric Charbit will lead Saint Laurent, to be replaced by Gianfranco Gianangeli.
Retail
Exclusive: H&M to Collaborate with Glenn Martens
The buzzy Belgian designer known for his work at Y/Project and Diesel will create a collection for the Swedish fast-fashion giant, CEO Daniel Ervér and Martens revealed at BoF VOICES 2024. The move is part of a wider push to reassert H&M’s fashion credentials.
Exclusive: H&M to Collaborate with Glenn Martens
The buzzy Belgian designer known for his work at Y/Project and Diesel will create a collection for the Swedish fast-fashion giant, CEO Daniel Ervér and Martens revealed at BoF VOICES 2024. The move is part of a wider push to reassert H&M’s fashion credentials.
Hedi Slimane Is Exiting LVMH’s Celine
The star designer is departing the Parisian fashion house after months of thorny contract negotiations. During his tenure, Slimane more than doubled Celine’s annual sales to nearly €2.5 billion.
Are Luxury Brands Still Worth It?
Luxury’s results ‘superweek’ underscored just how far consumer demand has fallen. Macroeconomic gloom is part of the problem, but there may be deeper issues with big luxury’s value proposition.
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Pierpaolo Piccioli Is Exiting Valentino
A new creative configuration will be announced soon, the Roman couture house said.
Vogue World to Kick Off Couture Week With Olympics Tribute
The production will take place on June 23rd on Place Vendôme and feature fashion content overseen by Carine Roitfeld, Ibrahim Kamara and fashion historian Alexandre Samson.
Can Chloé and McQueen Get Their Groove Back?
New designers Chemena Kamali and Seán McGirr will make their runway debuts for the storied but stagnant luxury fashion houses in Paris this week. That, and what else to look for in the coming days.
Burberry and Gucci: Two Brands With Something to Prove This Week
Both labels are trying to reignite sales and push upmarket, but convincing consumers won’t be easy. Runway shows this week will be another chance to make their case. That, plus what else to watch for in the coming days.
The News in Brief
System Launches New Bi-Annual ‘System Collections’
The title could provide a handy source of new revenue for the Anglo-French magazine.
Gosha Rubchinskiy and Yeezy Part Ways
Rubchinskiy, who had teamed up with the rapper Kanye West to design menswear for Yeezy, is pushing ahead with plans to relaunch his namesake label later this year.
System Co-Founders Reacquire Magazine
Elizabeth von Guttman, Jonathan Wingfield and Thomas Lenthal have bought back the title after its publisher was placed into liquidation last month. System will launch its next print issue in January.
Harvey Nichols Hires Net-a-Porter Veteran Katie Benson Amid Revamp
Benson will join the department store chain as chief merchant as part of a wider push to revitalise the business under new CEO Julia Goddard.
Givenchy, Still Without a Designer, Names a New CEO
Owner LVMH has appointed Louis Vuitton executive Alessandro Valenti Givenchy’s new chief, opening a ‘new chapter’ for the French couture house as the industry awaits a successor to former designer Matthew Williams.
Susanna Lau Joins System Magazine as Digital Editorial Director
The move comes as System owner Mike Obenson aims to turn what began as a bi-annual print title into a global media brand with a stronger digital offering.
Gucci Unveils ‘Who Is Sabato De Sarno?’ Film
The Italian megabrand is releasing “Who Is Sabato De Sarno? A Gucci Story,” a short film offering a behind-the-scenes look at the new Gucci designer’s debut last September.