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But hidden within the typical red carpet fanfare at the Governors Ball in Los Angeles on Sunday night was a group of sartorial renegades, each one taking aim at the traditional button-down shirt. Leading the charge was actor Barry Keoghan, dressed in a full Dolce & Gabbana suit featuring a black cropped satin jacket. Matt Baron/BEI/ShutterstockDrew Starkey paired his red suit with a stand collar and ornate black clasp. His Shakespearean-style blouse might look more at home at a Renaissance fair than a glitzy red carpet, but its off-white shade and tie-front detail gave the Gucci tuxedo a new lease of life. Jordan Strauss/Invision/APWith social media positioning fashion as mainstream entertainment, red carpet dressing has never felt so important to an actor’s digital profile.
Persons: Governors Ball, Barry Keoghan, Kamala Harris, yore, Nicholas Hoult, Matt Baron, BEI, Shutterstock Drew Starkey, Jude Law, Saint Laurent, Drew Starkey, Daniel Craig, Luca Guadagnino’s, , Alessandro Michele, Paul Mescal’s, Gucci, Paul Mescal, Jordan Strauss, Robert Wun, Timothée Chalamet, Ball Organizations: CNN, Governors, sartorial renegades, Gabbana Locations: Los Angeles, Rome, London
Andrew Garfield debuts an unusual red carpet accessory
  + stars: | 2024-10-18 | by ( Leah Dolan | ) edition.cnn.com   time to read: +2 min
CNN —Last night, British actor Andrew Garfield arrived at the London Film Festival premiere of his latest film “We Live in Time” sporting a surprising accessory. Wedged under his arm like a beloved clutch bag on a night out, Pugh’s rigid two-dimensional form topped off Garfield’s outfit perfectly. His black leather Valentino loafers matched his belt, but Garfield wasn’t complete without his 5 foot 4 inches of cardboard. At various points along the red carpet, he gleefully set Pugh down, posing with an arm wrapped around her inanimate waist. His custom Valentino outfit was somewhat overshadowed by his 5 foot 4 inch long cardboard cutout.
Persons: Andrew Garfield, Florence Pugh, Valentino, Alessandro Michele, Valentino loafers, Garfield wasn’t, Pugh, Gareth Cattermole, Pugh —, Garfield, ” It’s, Will Ferrell, Con, Brad Pitt, Michael B, Jordan, Bernie Sanders, Danny DeVitto, Michael Kors Organizations: CNN, London Locations: British
Editor’s Note: CNN Style is one of the official media partners of Paris Fashion Week. Fashion house Coperni took over Disneyland Paris on Tuesday evening and staged their show in front of the iconic Sleeping Beauty castle. Brand history was similarly front and center at Alexander McQueen, where Seán McGirr showed his second collection for the label. River Callaway/WWD/Getty ImagesBirds were a recurring motif in the Stella McCartney collection shown during Paris Fashion Week and chosen by the designer to protest their use in the fashion industry. Jerome Domine/Abaca Press/Sipa USA"I’ve been thinking of the billions of birds that get killed for the fashion industry," said McCartney.
Persons: Coperni, Lyvans Boolaky, Chemena Kamali, Pascal Le Segretain, Valentino, Alessandro Michele, Gucci, Michele, Alexander McQueen, Seán McGirr, , Johanna Geron, Ann Demeulemeester, Stefano Gallici, ” Gallici, Francois Durand, Alphonse Maitrepierre’s, Donald Duck, Miyake, Julien De Rosa, Kristy Sparow, Issey Miyake, Wool, knitwear, Mickey, Sébastien Meyer, Arnaud Vaillant, , Chanel, Van Noten, Sarah Meyssonnier, Stella McCartney, I’ve, McCartney, Jerome Domine, Jerome, Andreas Kronthaler, Vivienne Westwood’s, Paul Watson, Dame Vivienne, Vivienne Westwood, Louis Sullivan, Junya Watanabe, Dior, , Sagg Napoli, Sofia Ginevra Giannì, Jonathan Anderson's, Loewe, Ik, Louis Vuitton, Miu Miu, Miuccia Prada, Goshka Macuga, Saint Laurent, Yves Saint Laurent, Demna Gvasalia, Giovanni Giannoni, Dykes, Williams, Harri Shanahan, Thatcher, Antonin Tron, Gigi Hadid, McGirr, Donald, Justin Shin, Mary Jane, Victor Virgile Organizations: CNN, Paris, Paris CNN, Paris Fashion, Disneyland Paris, Getty, Pompidou, Disney, Balmain, Reuters, Callaway, Fashion, Abaca, Louis, Art, femmes, Lingerie Locations: France, Europe, Chloé, AFP, Paris, Bermuda, Greenland, Stockholm, London, Balenciaga, Siân
"I think the 'miracle' at Prada is Miu Miu," Luca Solca, a senior analyst at Bernstein, told Business Insider. Miu Miu is doing just that. "Miu Miu is resonating with consumers because of a savvy mix of product and communication marketing," Solca said. Miu Miu has embraced stars (Sydney Sweeney and Gigi Hadid were featured in recent campaigns), which has energized its following. AdvertisementIn short — pun intended — you can't get trendier than Miu Miu right now, and being trendy is good for business.
Persons: that's, Miu Miu, Luca Solca, Bernstein, Miu, , Moncler, Stifel's Rogerio Fujimori, Edward Berthelot, Solca, Sydney Sweeney, Gigi Hadid, Lexie Liu, Zhao Jinmai, Wu Yanshu, Miu Miu's Mary Jane, It's, Prada, Prada hadn't, Jelena Sokolova, Morningstar, Burberry, Gucci, Andrea Guerra, Raf Simons, Muccia Prada, Goldman Sachs, Gen, Scarlett Johansson, Arqué, Sokolova, Alessandro Michele, Guerra, L'Oréal, " Guerra Organizations: Prada, HSBC, Little, Business, New York Times, LVMH, Gucci Locations: Prada, Asia, China, Tokyo, Taipei, Nanjing, LVMH, Hong Kong
Fashion’s Fake News Epidemic
  + stars: | 2024-07-24 | by ( Vanessa Friedman | ) www.nytimes.com   time to read: +2 min
On Monday, Tom Ford (the brand) announced the departure of Peter Hawkings as creative director after just over a year. Hedi Slimane is 100 percent leaving Celine, going to Chanel and being replaced by Michael Rider, late of Ralph Lauren. Or maybe Mr. Slimane is going to Burberry? Kim Jones, currently at Fendi women’s wear, is being replaced by Alessandro Michele. By Maria Grazia Chiuri, who happens to be artistic director of Dior women’s wear.
Persons: Tom Ford, Peter Hawkings, Van, you’d, Sarah Burton, Alexander McQueen, Hedi Slimane, Celine, Chanel, Michael Rider, Ralph Lauren, Slimane, Bruno Pavlovsky, John Galliano, Dior, Kim Jones, Alessandro Michele, Michele, Valentino, Pierpaolo Piccioli, Maria Grazia Chiuri, Dior women’s Organizations: Chanel, Burberry Locations: Givenchy, Margiela, Chanel
CNN —Virginie Viard is exiting Chanel after five years serving as the French luxury house’s artistic director of fashion collections. The designer took on the position following Karl Lagerfeld’s death in 2019 after working alongside him at Chanel for decades. Pascal Le Segretain/Getty ImagesChanel said that it wanted to thank Viard “for her remarkable contribution to Chanel’s fashion, creativity and vitality.”Just last month, Chanel’s chief executive Leena Nair told The Business of Fashion that “since Virginie took over from Karl… the Chanel fashion business has multiplied by 2.2. The Chanel ready-to-wear business has been multiplied by 2.5, and the ready-to-wear business last year of Chanel grew by 23%.”The brand’s earnings rose 16 percent to $19.7 billion in 2023. Karl Lagerfeld and Virginie Viard walk the runway during the Chanel show as part of Paris Fashion Week on October 2, 2018 in Paris, France.
Persons: Virginie Viard, Karl Lagerfeld’s, fashion’s, Lagerfeld, Gabrielle “ Coco ” Chanel, Chanel, Viard’s, , , Pascal Le Segretain, Viard “, Leena Nair, Virginie, Karl …, Fendi, Karl Lagerfeld, Gabrielle Chanel, Valentino’s Pierpaolo Piccioli, Alessandro Michele, Gucci, Sarah Burton, Alexander McQueen Organizations: CNN, Chanel, Paris Haute Couture Locations: Chanel, Paris, France, British
Musician Rosalía brings the straitjacket back into view
  + stars: | 2024-05-03 | by ( Leah Dolan | ) edition.cnn.com   time to read: +5 min
CNN —On Tuesday, 12-time Latin Grammy winner Rosalía stepped out in New York wearing an outfit that demanded a double-take. (Since the release of her third album, “Motomami,” Rosalía has been spotted in everything from biker-style shield sunglasses to Harley Davidson helmets). In 1994, the New York State’s Office of Mental Health proposed that straitjackets be discontinued after 18 patients died while restrained or in “unsupervised seclusion” between 1988 and 1992. But Rosalía isn’t the first to attempt to recontextualize the garment in the name of fashion. At the Gucci show in 2019, Ayesha Tan-Jones protested the label's straitjacket-inspired clothes by writing "Mental health is not fashion" on their hands.
Persons: Rosalía, Rick Owens, ” Rosalía, Harley Davidson, Gucci, Ayesha Tan, Jones, , Alessandro Michele’s, hasn’t, Julia Fox, we’ve, Ye’s, Bianca Censori, John Galliano —, Dior, , Maison, Dolce, Rosalia Organizations: CNN, York State’s, Mental Health, Fashion, Gucci, Penske Media, Maison Margiela, Dolce, Gabbana Locations: New York, Spanish, York, Gotham, Tan, Florence, Italy, Shanghai, China
The fall of Gucci was inevitable
  + stars: | 2024-05-03 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +13 min
"We got used to hearing about double-digit growth at Gucci," Fflur Roberts, the head of luxury goods at Euromonitor, told Business Insider. "I think of what a fashion editor is wearing — it's not Gucci," Lindsey Solomon, a fashion publicist, told BI. After taking the top spot on the Lyst Index of fashion's hottest brands in 2022, Gucci dropped to number 11 last quarter. "We still believe the Gucci brand's current growth rate, which is 10 times higher than that of the industry, represents a risk going forward," Morningstar's Sokolova wrote in a 2017 note. Gucci relied heavily on China for its growth, but stores — perhaps including this one in China's Hainan Province — have struggled recently.
Persons: Alessandro Michele's, loafers, Gigi Hadid, Sienna Miller, Steve Madden, ASOS, Sally Singer, Michele, Fflur Roberts, Alessandro Michele, Harry Styles, Billie Eilish, Jared Leto, Kevin Mazur, Bauer, Griffin, Jeff Kravitz, Gucci, Sabato De Sarno, Lindsey Solomon, De Sarno, François, Henri Pinault, China —, Jelena Sokolova, Solomon, Daniele Venturelli, Michele —, Sokolova, It's, Thomas Chauvet, Morningstar's Sokolova, Michele's Gucci, wasn't, Jeremy Moeller, Chauvet, Roberts, Chanel, Gucci's, Gucci hadn't, Hermès, Birkin, Louis Vuitton's Neverfull, Pinault, Louis, Euromonitor's Roberts Organizations: Creative, Gucci, The Recording Academy, Axelle, Morningstar, BI, Citi, Disney, Getty, Revenue, China News Service, Bain, Louis Vuitton Locations: Euromonitor, China, The Asia, Pacific, China's Hainan Province, Asia
Valentino Enters Its Alessandro Michele Era
  + stars: | 2024-03-28 | by ( Vanessa Friedman | ) www.nytimes.com   time to read: +1 min
The song has stopped in at least one game of fashion musical chairs. Valentino has a new creative director: Alessandro Michele, the former Gucci designer who left that brand in 2022. Mr. Michele, who was known for having transformed Gucci into a $10 billion powerhouse by making it a baroque treasure chest of inclusivity and magpie references, replaces Pierpaolo Piccioli, who parted ways with Valentino last week. The appointment, which was first reported by Vogue Business, brings Mr. Michele, 51, back to the heart of the fashion world. “It is a great honor for me to be welcomed in the Maison Valentino,” Mr. Michele wrote in the caption of an Instagram post shared on Thursday.
Persons: Valentino, Alessandro Michele, Gucci, Michele, Piccioli, Jared Leto, Harry Styles, Dakota Johnson, Maison Valentino, ” Mr, , Organizations: Vogue Business
Alessandro Michele’s departure as the creative director of Gucci hadn’t yet been announced. By his own account, he struggled to express himself; young, gay and interested in fashion, De Sarno felt out of place. He did stints at Prada and Dolce & Gabbana before, in 2009, making a more permanent home at Valentino in Rome. During his 14-year tenure there, he cycled upward through various departments until he became the label’s fashion director and the right-hand man of its creative director, Pierpaolo Piccioli. Recently, Gucci announced that the company will relocate the design office from Rome to Milan, where De Sarno feels most at home.
Persons: Sabato De Sarno, Alexander McQueen, Balenciaga, Saint Laurent, , Alessandro Michele’s, Gucci hadn’t, ” De Sarno, Maria, Raffaele, De Sarno, Pierpaolo Piccioli, Gucci, , “ It’s, Sabato, “ I’m, , I’ll Organizations: Gucci, Istituto, Prada, Dolce, Gabbana Locations: Kering, Bottega, Cicciano, Italy, Naples, Milan, Valentino, Rome
Gucci’s Reboot Brings Back Old-School Cool
  + stars: | 2024-01-16 | by ( Guy Trebay | ) www.nytimes.com   time to read: +1 min
The headline was Gucci. Gucci is, in a way, the Ever Given of the personal luxury goods trade. With more than 500 stores worldwide and an estimated market value in 2022 of $35.3 billion, it is that skyscraper-size tanker, caught sideways. The entire fashion business took a hit during the pandemic and then bounced back, or seemed to, with a surprising resilience. The instincts that helped elevate him from journeyman accessories designer to star were already giving him the itch to move on.
Persons: Gucci, Alessandro Michele, , Michele Locations: Suez, Florence
Gucci staff strike over plans to relocate to Milan
  + stars: | 2023-11-29 | by ( Christy Choi | ) edition.cnn.com   time to read: +3 min
CNN —Dozens of employees at Italian fashion house Gucci staged a strike on Monday to protest the company’s decision to move its design office from Rome to Milan. CGIL has argued that asking staff to move to Milan, approximately 300 miles north of the capital, in the first half of 2024 was tantamount to laying them off. Alessandro Garofalo/ReutersFollowing the departure of creative director Alessandro Michele in 2022, Gucci owner Kering shook up the label’s top management. While sales of luxury goods were on a tear earlier in the year, the market cooled in the second half of 2023. The designer gave the old Gucci codes a refresh sending babydoll dresses, tailored short suits, fringed skirts, hoodies and bejeweled knitwear down the runway.
Persons: Gucci, CGIL, , Gucci’s, Sabato De Sarno, Alessandro Garofalo, Alessandro Michele, Kering, Valentino, Marco Bizzarri, Jean, François, Yves, Yves Saint Laurent, Bottega, ” Gucci, De Sarno, “ Gucci Ancora ”, , Julia Roberts, Ryan Gosling, Jessica Chastain, Kendall Jenner, Julia Garner, bejeweled Organizations: CNN, Reuters, Yves Saint, Gucci Locations: Rome, Milan, Bottega Veneta, Balenciaga
Gucci employees in Rome go on strike over creative office move
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +1 min
A Gucci sign is seen outside a shop in Rome, April 20, 2023. REUTERS/Remo Casilli/File Photo Acquire Licensing RightsMILAN, Nov 27 (Reuters) - A few dozen employees at fashion house Gucci in Rome went on strike on Monday against the company's decision to move its design office from the Italian capital to Milan. Labour union CGIL's regional office said Gucci's decision was not supported by objective reasons, making hard not to think the real goal was to cut staff. The transfer "does not involve any staff reductions", a spokesperson for Gucci told Reuters. Following the departure of creative director Alessandro Michele in 2022, Gucci owner Kering (PRTP.PA) changed the label's top management, as it seeks to reignite sales momentum at its largest brand.
Persons: Remo Casilli, Gucci, Alessandro Michele, Kering, Elisa Anzolin, Mark Potter Organizations: REUTERS, Labour, CGIL's, Reuters, Thomson Locations: Rome, Milan
Davide Renne, the Italian fashion designer and former head of women’s wear at Gucci, died nine days after becoming the creative director of Moschino. His death in Milan on Nov. 10 was confirmed by Aeffe, the parent group of Moschino, on Friday. “Today, we are left with the responsibility of carrying on what his imagination and creativity only envisioned.”Mr. Renne, who had been at Gucci for 20 years before the announcement last month of his new role at Moschino, had been working on a debut collection that would have been shown at Milan Fashion Week in February. A well-loved figure in Italian fashion and right-hand man to the former Gucci designer Alessandro Michele, he had spoken of his excitement at being hired for a “dream role” at the top of one of the best-known names in Italian fashion. He succeeded the American designer Jeremy Scott, who left the brand last March.
Persons: Davide Renne, Aeffe, , Massimo Ferretti, ” Mr, Renne, Gucci, Alessandro Michele, Jeremy Scott Organizations: Gucci, , Milan Fashion Locations: Milan, Moschino, American
The Great Gucci Reset Is Here
  + stars: | 2023-09-23 | by ( Vanessa Friedman | More About Vanessa Friedman | ) www.nytimes.com   time to read: +1 min
Sabato De Sarno, the designer who was essentially unknown outside the industry until he was handed the keys to the $10 billion Gucci kingdom earlier this year and tasked with reinventing a brand that had already been reinvented twice before — once by Tom Ford, as a uniform for sultry power players and then again by Alessandro Michele as a big-tent haven for fashion freakazoids high and low — called his first collection “Ancora.”That translates literally as “again.” But, he said in an interview a few weeks before the show, not again as in a retread, like “play it again, Sam” but as the “again, again, again” of desire: the feeling that, when you find something you love, you can never get enough. The feeing that, presumably, Gucci sparked in him, and that he (and his bosses) were hoping his Gucci would spark in consumers. The word was plastered all over posters around Milan teasing the show, on the invitations in a new Gucci burgundy red known as Ancora red and on the sleeve of a vinyl record for the after-party. It was hard to escape.
Persons: Sabato De Sarno, , Tom Ford, Alessandro Michele, Sam ”, Gucci Organizations: Gucci Locations: Milan
Yet, if Gucci’s new designer Sabato de Sarno was rattled before he took his bow for the Italian luxury house at Milan fashion week on Friday, he didn’t show it. Where Michele was an overt maximalist with retro references, de Sarno mined the Gucci archive and codes in a more stripped-back way. Oxblood red dominated the collection, inspired by The Savoy hotel in London where Guccio Gucci worked in the late 1800s. The bling was, in fact, a reference to the Marina jewelry collection that appeared in Gucci campaigns in the late 1960s. The rest of the embellished crystal designs were inspired by embroideries de Sarno found on 1960s clutch bags in the Gucci archive.
Persons: Milan, Sabato de Sarno, Alessandro Michele’s, De Sarno, Julia Roberts, Ryan Gosling, Jessica Chastain, Kendall Jenner, Julia Garner, Francois, Henri Pinault, Swan, Gucci Ancora ”, , de Sarno, Prada, Gabbana, Valentino, Michele, Jackie, , Guccio Gucci, Daniele Venturelli, “ Rosso Ancora, , Sabato De Sarno, Gucci, Kering, Daria Werbowy, Tom Ford Gucci, embroideries de Sarno Organizations: Milan CNN, Brera, Gucci, Dolce Locations: Milan, , Savoy, London, Naples
"Gucci is the opportunity to fall in love with fashion, ancora," De Sarno said in a post on Instagram in the run-up to the show, using the Italian word for "again." Debut collections can generate mixed reactions, and even positive press reviews are not always a proxy for their future commercial success. Kering shares closed 1.5% higher after the show. At their current price, Kering shares are trading at the equivalent of around 14 times expected earnings over the next 12 months, according to LSEG data. Reporting by Mimosa Spencer and Elisa Anzolin, editing by Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.
Persons: Sabato De Sarno, Kering, De Sabato, Kenneth Richard, Federico Giglio, Giglio.com, Gucci, De Sarno, De, Antoine Belge, Francois, Henri Pinault, Julia Roberts, Ryan Gosling, Louis, Dior, Alessandro Michele, Marco Bizzarri, Jean, Hermes, Mimosa Spencer, Elisa Anzolin, Silvia Aloisi Organizations: luxe, Reuters, Exane BNP, fashion's, Louis Vuitton, Moncler, Thomson Locations: Milan, Italy, New York, Chengdu, Bangkok, London, Brera
De Sarno’s debut Friday, nine months after being hired in the wake of Michele’s surprise departure, was the most anticipated on the Milan Fashion Week calendar for next spring and summer womenswear. The fervor was enough to fill the front row with Hollywood A-listers including Julia Roberts and Ryan Gosling. In one recent interview, De Sarno professed admiration for Brutalist architecture, suggesting a love of the essential, and his collection was exactly that. A tiny leather bra top in embossed leather was paired with a matching midi skirt. The conversation started this week by De Sarno is to be continued.
Persons: — Sabato De Sarno, Gucci —, “ Gucci Ancora, “ Gucci, De Sarno, Alessandro Michele, Sarno’s, Julia Roberts, Ryan Gosling, Tom Ford, Guccio Gucci, De, tinsel, Organizations: MILAN, Prada, Dolce, Gabbana, Milan, Hollywood, Gucci Locations: Valentino, London, Brera
MILAN/PARIS, Sept 19 (Reuters) - Gucci creative director Sabato De Sarno takes to the runway in Milan on Friday, in a high-stakes designer debut for the Italian label’s owner, French luxury group Kering (PRTP.PA). De Sarno’s Gucci catwalk presentation – one of the industry’s most highly-anticipated shows this year – will serve as an aesthetic reset for the brand, aimed at reigniting sales, but it is also the first major test of a sweeping overhaul at Kering. The group has also taken steps to broaden its revenue sources, announcing plans to buy high end perfumer Creed in June and a 30% stake in fashion label Valentino in July. “We don’t think that a margin reset would be badly received by the market,” said Carole Madjo, analyst with Barclays. Reporting by Mimosa Spencer and Elisa Anzolin Editing by Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.
Persons: Gucci, Sabato De Sarno, De Sarno’s Gucci, Valentino, Louis, Jean, Francois Palus, Marco Bizzarri, De Sarno’s, Bizzarri, Alessandro Michele, De Sarno's, Sabato De Sarno's, , Carole Madjo, Daria Werbowy, Luca Solca, Bernstein, Mimosa Spencer, Elisa Anzolin, Tomasz Janowski Organizations: MILAN, Louis Vuitton, Dior . Group, Gucci, RBC, Barclays, De, Thomson Locations: PARIS, Milan, Kering
Ms. Burton, then its head of women’s wear, had been working with Mr. McQueen since 1996, when she started at his label as an intern after graduating from Central Saint Martins, the design school in London. Within a year of her succeeding Mr. McQueen as the brand’s creative director, Ms. Burton created the Princess of Wales’s ivory lace wedding gown, which became more famous than any dress designed by Mr. McQueen. Ms. Burton, who rose to lead a fashion house in an industry still largely dominated by men, helped Alexander McQueen evolve from a label beloved by fashion superfans into a modern luxury powerhouse. Kering, which bought a 51 percent stake in Alexander McQueen in 2001, is also reconfiguring its organization and its assets. The conglomerate has appointed Maureen Chiquet, a former chief executive at Chanel, to its board of directors and has named Francesca Bellettini, the chief executive of Saint Laurent, as the deputy chief executive of Kering’s portfolio of brands.
Persons: Burton, McQueen, Ms, . McQueen, Prince Harry’s, Meghan Markle, Queen Elizabeth II, Alexander McQueen, , Sarah, ” François, Henri Pinault, Burton’s, Gabriela Hearst’s, Jeremy Scott’s, Alessandro Michele’s, Maureen Chiquet, Francesca Bellettini, Saint, Pinault Organizations: Central Saint Martins, Gucci, New York, Creative Artists Agency Locations: London, Chloé, Moschino, China, Saint Laurent, Hollywood, Valentino
Pinault’s Hollywood foray is untimely distraction
  + stars: | 2023-09-08 | by ( Pierre Briancon | ) www.reuters.com   time to read: +4 min
REUTERS/Charles Platiau Acquire Licensing RightsLONDON, Sept 8 (Reuters Breakingviews) - The story of European business trying to mingle with Hollywood has often led to unhappy endings. The Pinault family, which controls $61 billion luxury group Kering (PRTP.PA), thinks it can buck the trend. Pinault may have overpaid for CAA, especially in the middle of a major strike of Hollywood writers and actors. The transaction, through holding company Artemis, adds Hollywood's premiere talent agency to Pinault’s family empire which spans fashion, wine and contemporary art. CAA was valued at $1.1 billion when TPG acquired a majority stake in 2014, four years after having originally invested in the talent agency.
Persons: Francois, Henri Pinault, Kering, Charles Platiau, Tom Hanks, Steven Spielberg, François, Ari Emanuel’s, Artemis ’, Gucci, Alessandro Michele, Pinault, Jean, Kering’s, Valentino, Brad Pitt, Salma Hayek, Lisa Jucca, Streisand Neto Organizations: REUTERS, Reuters, Hollywood, Universal Studios, Creative Artists Agency, CAA, Gucci, TPG, Endeavor, Thomson Locations: Paris, France, bask
After seasons of relative calm and predictability (some might say stultifying sameness), Milan has become the city to watch, with the two debuts of the season. First up: Sabato De Sarno at Gucci. Then there’s Peter Hawkings, another longtime deputy, who became the creative director of Tom Ford in April after the brand was sold to Estée Lauder and Mr. Ford stepped down. Mr. Hawkings worked beside Mr. Ford for decades, and judging by his official portrait, is very much in the mold of his mentor (down to the tinted aviators). The result is pretty much guaranteed to remind of us what we lost when we lost the very talented Mr. Moschino at only 44 in 1994 and why brand founders really matter.
Persons: Sabato De Sarno, Gucci, Valentino, Alessandro Michele, Peter Hawkings, Tom Ford, Estée Lauder, Ford, Hawkings, Jeremy Scott, — Katie Grand, Carlyne Cerf, Dudzeele, Gabriella Karefa, Johnson, Lucia Liu —, Moschino Organizations: Mr Locations: Milan
Kering dons Valentino scent to ease Gucci malaise
  + stars: | 2023-07-28 | by ( Lisa Jucca | ) www.reuters.com   time to read: +3 min
Adding the maker of pricey Rockstud bags could help it reduce its dependency on tottering star brand Gucci. Kering’s stake purchase values the whole brand at 5.7 billion euros, or 16 times its EBITDA of 350 million euros last year. Kering will pay 1.7 billion euros for the stake in cash. Valentino had revenue of 1.4 billion euros and a recurring EBITDA of 350 million euros in 2022. Kering’s star brand Gucci rose just 1% on an organic basis.
Persons: Henri Pinault, Valentino, Gucci, Valentino Garavani, LVMH, Sabato De Sarno, Alessandro Michele, Marco Bizzarri, Kering, George Hay, Streisand Neto, Oliver Taslic Organizations: MILAN, Reuters, Thomson
For years, Marco Bizzarri was one of the most well-known and respected executives in the global luxury business. Bald and boldly suited, he was the architect behind the meteoric success of Gucci, the largest fashion brand in the stable owned by the French group Kering, which also includes Balenciaga, Bottega Veneta and Saint Laurent. The news was buried in the third paragraph of a memo Kering released that outlined a major organizational shake-up as François-Henri Pinault, the chairman and chief executive, tries to write a new chapter for the fortunes of Gucci and the conglomerate. In the same announcement, Kering said Francesca Bellettini, the chief executive of Yves Saint Laurent, would become the conglomerate’s deputy chief executive for brand development, a promotion that will require all Kering brand chief executives to report to her and make her one of the most powerful women in the luxury industry. Jean-Marc Duplaix, Kering’s chief financial officer, will also become a deputy chief executive, overseeing operations and finance.
Persons: Marco Bizzarri, Gucci, Saint Laurent, Alessandro Michele, Bizzarri’s, Kering, Henri Pinault, Francesca Bellettini, Yves Saint Laurent, Jean, Marc Duplaix Organizations: Saint, Gucci Locations: Bottega Veneta
Despite their vastly differing personal styles and occupations, they have all been spotted in a pair of Gucci horsebit loafers. In mid-June, coinciding with the menswear shows at Milan Fashion Week, Gucci will stage an exhibition celebrating the legacy of its signature loafer. In 1974, George H. W. Bush wore a pair of horsebit loafers to meet then-President Gerald Ford. Through the decadesThe success of Gucci’s horsebit loafers has been far-reaching, and the secret to their ongoing relevance may lie in the shoe’s versatility. The horsebit loafer is Gucci’s answer to the near-philosophical question: What shoes do I wear?
Persons: George H, Bush, , Jane Birkin, Wiz Khalifa, Gucci horsebit, Gucci, loafers, Gerald Ford, David Hume Kennerly, Birkin, Francis Ford Coppola, Sophia Loren, Charlotte Casiraghi, Jodie Foster, Brad Pitt, Zoe Kravitz, Gigi Hadid, Guccio Gucci —, , Aldo, Rodolfo, Vasco, Guccio, Serge Gainsbourg, Gucci’s, Alessandro Michele, JB Lacroix Organizations: CNN, Metropolitan Museum of, Milan Fashion, Golden Globe, MTV VMA, Savoy, Wall Locations: Cannes, Monégasque, London, Florence, Italy, New York, France
Total: 25