Tag Archives: Luxury Goods / Services

UPDATE 1-Fashion group Tod put Instagram star Chiara Ferragni on its board | Instant News

* Shares in Tod’s jump more than 5% after the announcement

* The company aims to win over young people to drive growth (Adds details)

ROME, April 9 (Reuters) – Italian fashion group Tod’s said on Friday that it is appointing Instagram star and influencer Chiara Ferragni as a board member, stepping up its efforts to win over the younger buyers driving the sector’s growth.

The luxury leather goods maker shares jumped more than 5% after the announcement of Ferragni, a 33-year-old Italian digital entrepreneur with more than 23 million followers on his Instagram account where he shares fashion and style advice and raises awareness about social issues. .

“We believe that Chiara’s knowledge of the world of youth, combined with the experiences of other board members, can build thinking focused on solidarity with others, with a strong focus on the younger generation, who, now more than ever, need to be heard,” Tod said. .

Tod’s, known for his shoes, launched a new strategy in late 2017 to change his brand and appeal to younger consumers, but the COVID-19 pandemic has hampered his efforts. Sales fell by nearly a third in 2020 due to lockdowns and falls in tourism, marking the fifth consecutive year of annual sales decline.

“Ferragni’s entry into Tod’s board will lead to increased brand visibility, and investors hope this will help in driving group sales in today’s challenging market,” said a Milan-based trader.

Generations Z and Y, born after 1995, will meet about two-thirds of total demand in the luxury goods sector by 2025, up from about 45% in 2019, consultants Bain said in its latest estimate.

“Chiara’s knowledge of the youth world is invaluable,” said Diego Della Valle, Tod’s founder and top shareholder.

Reporting by Claudia Cristoferi; Edited by Giulia Segreti and Pravin Char


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Made in Italy Fund buys casual fashion brand Dondup from L Catterton | Instant News

MILAN (Reuters) – The Made in Italy Fund buys upscale Italian casual brand Dondup from L Catterton, the buying company founded by LVMH owner and French billionaire Bernard Arnault, Italian private equity said on Thursday.

Dondup, which posted sales of 53 million euros ($ 62.56 million) and a core profit of 14 million euros last year, is the seventh investment by the Italian fund and its fourth in the fashion industry.

The acquisition value was not disclosed. L Catterton has invested in Dondup in 2010.

The fund said it aims to create a fashion conglomerate with Dondup and the two other fashion brands it owns – 120% Lino, known for its linen clothing, and jewelry and accessories maker Rosantica – and expand their foothold in Europe and the United States.

($ 1 = 0.8472 euros)

Reporting by Claudia Cristoferi, editing by Giulia Segreti


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The Ferrari Formula One stopped on the fashion track with the Armani outfit deal | Instant News

FILE PHOTOS: Giorgio Armani logo seen in northern Italy, in Milan, Italy, February 23, 2020. REUTERS / Cristiano Corvino

MILAN (Reuters) – Formula One Team Ferrari has signed a multi-year agreement with Giorgio Armani, which will supply branded clothing for all of the racing team’s off-track duties, Scuderia Ferrari and the Italian fashion house said Tuesday.

Ferrari drivers Charles Leclerc and Carlos Sainz, team management and technical staff will wear Giorgio Armani’s various navy blue outfits and accessories during official events and while traveling to Formula 1 races, they said in two separate statements, without disclosing financial details.

“Today, more than ever, we need to work together as a system to promote Italian excellence, creating a synergistic dialogue between different disciplines,” said founder Giorgio Armani.

Tuesday’s deal adds to Ferrari’s 2019 manufacturing agreement with Armani to manufacture clothing sold at the luxury carmaker’s stores, as part of a broader plan to upgrade the brand through new collections of clothing and accessories, entertainment offerings and other services.

Reporting by Giulio Piovaccari; Edited by Christian Radnedge


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Chanel is partying at a ski parlor for fashion week | Instant News

PARIS (Reuters) – Ski lifts may be closed in France due to COVID-19 restrictions, but Chanel reinvented the winter resort atmosphere on Tuesday with a collection featuring an upholstered salopette and faux fur boots perfect for a night out after hitting the slopes.

The French luxury label, cannot, like its rivals, this season present a catwalk show to a live audience for Paris Fashion Week due to the pandemic, revealing its appearance for the following winter in a film.

Swirling between sequences of black and white taken on the streets of Paris to the bursts of color from the dance floor of Castel, the nightclub loved by the fashion crowd, Chanel presents an eclectic mix of style and fabric.

Designer Virginie Viard said in an event note that she was inspired by contrasts, and her collection featured a bold coat paired with sheer gowns and body suits and a bandeau top with the brand’s traditional tweed.

The ski theme infuses the look throughout, from knitted sweaters with snowflake motifs to woolen beanie hats put together by several models, embellished with camellia, another symbol of Chanel.

“This collection is a mix of two influences: the atmosphere of a ski holiday, which I love, and a certain idea of ​​Parisian chic, from the 1970s to the present,” Viard said in a statement.

In the 1960s and 1970s, Castel became a celebrity nightclub, attracting the likes of Rolling Stones singer Mick Jagger and actress Catherine Deneuve. The late Chanel designer Karl Lagerfeld also threw a party at the club.

Chanel models were filmed putting their makeup on and leaving their coats in the locker room in the narrow hall carpeted Castel. Nightclubs and bars have been closed for months in France based on COVID-19 restrictions.

Other looks in the collection include a shearling-style jacket and oversized trousers with a chevron pattern, while several styles are festooned with sequins, including baggy jeans.

Paris Fashion Week runs until March 10.

Reporting by Sarah White; Edited by Janet Lawrence


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Graphic print at Versace in off-calendar fashion presentation | Instant News

MILAN (Reuters) – Italian fashion house Versace sprinkled graphic prints all over its designs for its fall stripes on Friday, launching the collection in its own right days after Milan Fashion Week concluded.

Designer Donatella Versace transforms Greca brand motifs into geometric patterns, “a dynamic and immersive 3D maze”, for women’s and men’s clothing creations and in a video presentation of the line, models pose, act out scenes, and walk a large maze-like set.

Model Gigi Hadid looks cool, wearing a black top, skirt and coat.

The all-black outfit options followed before Versace presented trouser suits, tops, dresses, skirts, jackets and bags decorated with Greca motifs, in shades of brown, red and blue.

The release of the Versace film comes after its usual show, Milan Fashion Week, closes on Monday. Like many fashion houses, the brand, which is owned by Capri Holding, shares videos online rather than hosting regular catwalk shows due to COVID-19 restrictions.

“I’ve realized that this is the future, a new way of communicating collections,” Versace said in a statement, adding that models, like actors, bring “design” to life.

“During filming for this event, I saw how important it was to give models time to ‘feel’ the clothes they were wearing on the runway. Despite living in a fast-paced digital age, taking this time is essential to form genuine connections. For me this is the present and the future. “

The Versace jacket has rounded shoulders while the dress is tied at the waist or with metal mesh. Her appearance is complemented by a veil and platform shoes.

For men, there are jacquard suits, jumpers, and tops embellished with Greca prints. Models also wear cropped shorts and trousers.

Versace also features a Medusa smiley scribble on its line, a play on the fashion house’s logo.

Reporting by Marie-Louise Gumuchian; Edited by Giles Elgood


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