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☆ This $220 light switch is the latest quiet luxury status symbol
▼ + stars: | 2023-07-24 | by ( Grace Mayer | ) www.businessinsider.com time to read: +4 min

A $220 light switch is popular among ultrawealthy homeowners, The New York Times reported. The light switch is part of the growing quiet luxury trend. But a $220 light switch probably wasn't on your stealth wealth bingo card. Typical light switches, which can sell for just a few dollars, have hardly been described in such a way. While the light switch, on its own, doesn't function as a dimmer, dimmers can be added as additions alongside the switch, per the Forbes & Lomax website.

Persons: Lomax, David Hottenroth, Joseph, weren't, Dave, Lorna Hall Organizations: New York Times, Service, Forbes, Times, HBO Locations: Wall, Silicon, Buffalo , New York, Brooklyn, Lafayette , Colorado, New York

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

☆ How Style Not Com Became the Darling of the Front Row
▼ + stars: | 2023-07-06 | by ( Jessica Iredale | ) www.nytimes.com time to read: +1 min

firm, saw a fawning post by Mr. Gvishiani in September 2021 — he called it “the P.R. “It could have been a fake account or someone that is laughing about people from fashion,” Mr. Is it cynical?’ But he attracted my attention, so it was kind of smart.”By January 2022, Style Not Com had accrued about 10,000 followers. Mr. Gvishiani sent Ms. Cornet his wish list of shows he would like to attend during Paris Fashion Week. “We put him front row, and Loïc Prigent came to me and said: ‘Wow, you put Style Not Com front row.

Persons: ”, Gvishiani, Lucien Pages, —, JW Anderson, Coperni, Saint Laurent, Loewe, Pages, “, Com, Bottega Veneta, Clara Cornet, Instagram’s, Cornet, Loïc Prigent, ’ Organizations: . Agency, All, Paris Locations: Tbilisi, Europe, East, Africa, Paris

☆ In Paris, a Dinner at a Former Taxidermy Workshop
▼ + stars: | 2023-07-06 | by ( Julia Sherman | ) www.nytimes.com time to read: +3 min

Though far smaller in scale, the debut of We Are Ona’s Paris studio, on a crisp evening in spring, felt just as significant. As the sun set, friends began to trickle in, accepting glasses of celebratory champagne. Kenny Duncan, 35, a sculptor, found common ground with the chef Zélikha Dinga, 34, whose old-world desserts are presented with an artist’s eye. Behind her was an oil painting of a young woman in tears, a self-portrait by her dinner partner, the artist Inès Longevial, 32. “Four hundred people sat on 400 one-of-a-kind chairs,” Pronzato said.

Persons: Pronzato, Ona, Rihanna, Sayaka Sawaguchi, Gil Nogueira, Garde, Louis, Géraud Castor, Castor, Sébastien Meyer, Arnaud Vaillant, Mory Sacko, Louis Vuitton, Tropez, Kenny Duncan, Zélikha Dinga, Celine Pham, Inès Longevial, ”, he’s, Gaetano Pesce, ” Pronzato, “, — Organizations: Perron, Cartier, Louis, Reform Locations: Los Angeles, Champagne, Coperni, St ., Inari, Arles, Italian

☆ Why this in-flight magazine is the fashion industry’s new must-read
▼ + stars: | 2023-06-25 | by ( Nick Remsen | ) edition.cnn.com time to read: +7 min

Model Ismael Savane pictured in an Air Afrique T-shirt during Paris Fashion Week Mens Spring-Summer 2023 on June 23, 2022 in Paris. “We want to revive the African transcendence that Air Afrique represented,” Lamine Diaoune, the founder and creative director of the Air Afrique collective, said in a statement. It really was about more than just flights.”An Air Afrique stewardess, pictured during training in Abidjan, Côte d’Ivoire, in 1971. The cover of Air Afrique magazine's first issue, featuring the French rapper Tiakola (far right). (All members of the Air Afrique collective have backgrounds in creative fields; each also has projects outside of the group, too.)

Persons: Michel Renaudeau, Côte, Senegal —, Ismael Savane, Melodie Jeng, ” Lamine Diaoune, ”, Djibi Kébé, ” Kébé, “, Côte d’Ivoire, they’ve, Bottega, Tiakola, Lamine Diaoune, Djiby Kébé, Jeremy Konko, Amandine Nana, Zhedy Nuentsa, Bamba Thiam, Axel Pelletanche, ” Nana, Paul Kodjo, Marie, Hélène Tusiama, Tusiama, ’ ” Pope Jean, Paul II, Jean, Claude Delafosse, Pope Jean, Abdel El Tayeb, El Tayeb, Matthieu Blazy, El Tayeb’s Organizations: France CNN, Afrique, Air, Central African, Paris, Centre Pompidou, Air Afrique, “, Air Afrique Air Afrique’s, Franco, El Locations: Paris, France, New York City, Mauritania, Benin, Burkina Faso, Cameroon, Central African Republic, Chad, Côte d’Ivoire, Gabon, Niger, Republic of, Congo, Senegal, West Africa, New York, Abu Dhabi, Europe, Abidjan, Côte, Dakar, West, Africa, Ivory Coast, ”, ‘, Sudanese, El

☆ James Beard Award 2023 winners announced
▼ + stars: | 2023-06-06 | by ( Marnie Hunter | Forrest Brown | ) edition.cnn.com time to read: +12 min

The awards have been presented in the Windy City since 2015 and are set to remain there through 2027. Like last year, much of the 2023 show was focused on showcasing the new push for greater diversity. The James Beard Foundation has been mired in controversy over the past few years. The winner of the South category, Natalia Vallejo, is the first Puerto Rican native to win a James Beard Award. Here’s the full list of the 2023 James Beard Restaurant and Chef Awards nominees.

Persons: James Beard, Eric Adjepong, Esther Choi, Andrew Zimmern, Gail Simmons, ”, ” Simmons, Gregory Gourdet, Kann, ” Sherry Pocknett, Sly Fox, James, Ellen Yin, J.B . Pritzker, Chicago Mayor Brandon Johnson, foodie, James Beard’s, “, Timothy Hontzas, Sam Fore, Mariah Carey, Monti Carlo, Natalia Vallejo, Rachel Miller, Nightshade Noodle, Lynn, Niki Nakayama, Erik Ramirez, NY Rob Rubba, Hajime Sato, Sozai, Celeste Noche, NY Don, Brandon Chrostowski, Greg Dulan, CA Aaron Hoskins, Sarah Simmons, Elie Yigo, Quynh Pham, WA Ellen Yin, Damarr Brown, Virtue, Rashida, LA Charlie Mitchell, Clover, NY Amanda Shulman, Angelo, Bakeshop, Zak, Baker, Baker Veronika Gerasimova, Elaine Uykimpang Bentz, Café Mochiko, Vince Bugtong, Margarita Manzke, CA Shawn McKenzie, Café, AL Lula Drake, Los Angeles , CA Spencer, Ann, Brownsville , TX Rob Roy, California Gilberto Cetina Jr, CA Kyle, Katina, Brandon Hayato Go, Hayato, Los Angeles , CA Justin Pichetrungsi, Carlos Salgado, Taco, Omar Anani, Saffron De, Diana Dávila, IL Tim Flores, Genie Kwon, IL Andy Hollyday, MI Sarah Welch, Marrow, Jesse Ito, Cantina La, Kate Lasky, Tomasz Skowronski, Michael Rafidi, Sanaa, Gregory León, Francesco Mangano, Osteria, Madison , WI Itaru Nagano, Andrew Kroeger, Madison , WI David Utterback, Salvador Alamilla, Amano, Caldwell, Michael Diaz de Leon, Suchada Johnson, WY Kris Komori, Ali Sabbah, Brooklyn , NY Mary Attea, Amanda Cohen, Dirt, Valentine Howell, Hunter, CT Sherry Pocknett, Renee Touponce, Joshua Dorcak, Vince Nguyen, Thomas Pisha, Gado, Beau Schooler, Bocca Al, AK Aaron Verzosa, KY Josh Habiger, TN Sam Hart, NC Terry Koval, Paul Smith, Ana Castro, Lengua, LA Timothy Hontzas, AL Henry Moso, Alex Perry, Kumi Omori, Cocina al, Oscar Amador, Kaoru Azeuchi, KAISEKI, Andrew Black, Jeff Chanchaleune, Ma Der, Justin Pioche, Texas Reyna, Painter, Houston , TX Emiliano Marentes, El Paso , TX John Russ, Clementine, San Antonio , TX Ernest Servantes, David Kirkland, Jim Embry, Valerie Horn, Savi ” Horne, Ira Wallace, Olivia Watkins, Karen Washington, Madur Jaffrey Organizations: Washington , D.C, Lyric Opera of, Illinois Gov, Chicago Mayor, Philadelphia, James Beard Foundation, James, New York Times, CNN, Foundation, WA Coracora, Sunday, of Culture, NY, Neng, EDWINS, Restaurant Institute, Hospitality, SC Yenvy, Street Hospitality, Mbaye, Dakar, WA Bottega, AL, SC, Beverages, Merchant, WA BEST, Sherman, Taco María, Selden, D.C, Madison , WI Itaru, Fairchild, Madison , WI, WY, New, New York State, NY Shaina Loew, Pacific, AK, TN, EDO, Food, Burnt Bean, Sustainable Communities Network, Cooperative Farming, Community Center, Southern, Sierra, Burgerville Workers Union, Black Farmer Fund Locations: Philadelphia, Haitian, Pacific, Washington ,, Lyric Opera of Chicago, livestream, Windy City, Boise , Idaho, Madison , Wisconsin, Oklahoma, Monson , Maine, Haiti, Charlestown , Rhode Island, Puerto Rican, Los Angeles, Brooklyn, NY, Washington, Clawson, MI, Seattle, West Hartford, Philadelphia ,, Lucia, Dallas ,, Cincinnati, Portland , Oregon, of Culture , New York, Mexican, Fort Worth , TX Kann, Portland, Milwaukee ,, Asheville , NC, Chicago, Houston , TX, Cleveland, Crenshaw, Columbia, WA, Rashida Holmes, Bridgetown Roti, Los Angeles ,, Dakar NOLA , New Orleans, LA, Clover Hill, New Orleans, Richardson ,, Kansas City ,, Miami, Billings, San Francisco ,, Café Cerés, Minneapolis, Cypress, Pullman, Birmingham, Quarry, Monson, IL, New York, Houston ,, Ann Arbor, Honolulu, Shawnee, KS, Las Vegas, Brownsville , TX, Healdsburg, Sherman Oaks, Costa Mesa ,, Lakes, Saffron De Twah, Detroit ,, Detroit, NJ, PA, , Philadelphia, Cantina La Martina, Apteka, Pittsburgh, Albi , Washington, Kalaya, MN, MO, Sioux Falls, Amilinda, Milwaukee, Osteria Papavero, Madison ,, Yoshitomo, Omaha, UT, WY, Salvador, BRUTØ, Denver, Teton, Teton Village, Boise, Salt Lake City, Sofreh, Brooklyn , NY, , New York, Hudson, Atomix , New York, NH, RI, Krasi, Boston, New Preston, Charlestown, Siu, Yunnan, The, MÄS, Ashland, Berlu, Gado Gado, Bocca Al Lupo, Juneau, Archipelago, KY, NC, TN, WV, Lexington, Bastion, Nashville, Charlotte, Decatur, Charleston, Lengua Madre , New Orleans, Homewood, Orlando, Springs, Cocina, Cocina al Fondo, San Juan, AZ, NM, Oklahoma City, Fruitland, Navajo Nation, Sandwich Hag, El Paso , TX, San Antonio ,, Seguin ,, City of Whitesburg

☆ Starbucks, Estée Lauder, Qualcomm: Global companies warn of slower-than-expected recovery in China
▼ + stars: | 2023-05-11 | by ( Michelle Toh | ) edition.cnn.com time to read: +6 min

Starbucks (SBUX) and Qualcomm (QCOM) have also flagged uncertainties related to the country, which is a top market for both. Beijing abandoned its zero-Covid policy in December and scrapped longstanding quarantine requirements for international arrivals in January, ending restrictions that had isolated its economy. The welcomed, if abrupt, policy U-turn led to hopes that China could help propel global growth as it had before the pandemic. The idea was that as soon as the zero-Covid policy would be over, the Chinese households and consumers would just go berserk. Starbucks warned last Tuesday that sales growth in China was starting to cool — and likely would continue that trajectory over the next six months.

☆ Fashion’s Latest Comeback? Actually Wearable Clothes
▼ + stars: | 2023-05-06 | by ( Katharine K. Zarrella | Photographs F. Martin Ramin The Wall Street Journal | ) www.wsj.com time to read: +1 min

Is that…leather?” Some version of this befuddled inner monologue ran through many editors’ heads as Kate Moss sauntered down Bottega Veneta’s spring 2023 runway in Milan. From a distance, they were unmistakably denim and flannel, respectively. Creative director Matthieu Blazy ’s sartorial trickery gave front-rowers a wow moment but was perhaps too subtle to dazzle those streaming the show on Instagram. That outfit (see the shirt above, and Kendall Jenner wearing a version of the look below) embodies an aesthetic shift that’s sweeping the fashion industry. Instead of buying trendy frippery to flaunt in social-media posts, stylish sorts are craving wearable clothes with subtle details like hand-stitched hems, carefully sculpted silhouettes or luxe textures—details that they, and anyone within a 5-foot radius, can appreciate in the moment.

☆ The best of Milan Design Week 2023
▼ + stars: | 2023-04-27 | by ( Marianna Cerini | ) edition.cnn.com time to read: +8 min

Milan CNN —The design world’s largest annual fair enjoyed a return to full pre-pandemic form with its 2023 showcase, transforming the city of Milan with hundreds of exhibitions, site-specific installations, pop-ups and public projects. Almost everywhere, the focus was on sustainable design, circular economy, material innovation and artistry combining craft with innovation. Some of the most interesting ideas were those that looked at waste – literally – to rethink what design can do when it uses what is already there. Shown in various stages of decomposition, the chair challenged viewers to approach products with the end of their lifecycle in mind. Top image: One of two bags design legend Gaetano Pesce created for Bottega Veneta’s Milan Design Week installation.

☆ Fashionphile founder and CCO explains why that 'ludicrously capacious' bag from 'Succession' had a 310% spike in online searches
▼ + stars: | 2023-04-23 | by ( Celia Fernandez | ) www.cnbc.com time to read: +3 min

Since "Succession" character dubbed this Burberry bag "ludicrously capacious," search for the brand has spiked. One of the show's central characters, Tom Wamsgans, scoffs at the luxury bag, describing it as "ludicrously capacious." Tom Wamsgans' comment about another character's "ludicrously capacious" bag in season four of "Succession" went viral. Macall B. Polay/HBOIn the weeks since the episode aired, searches for "Burberry tote bag" have jumped 310%, according to virtual fitting room company 3DLOOK, per Harper's Bazaar UK. Searches for "Burberry handbag" are up 180%, while "Burberry tote" increased 25%.

☆ ‘Gossip Girl’ for Grown-Ups? Why Chic Women Are Dressing Preppy Again
▼ + stars: | 2023-03-24 | by ( Faran Krentcil | ) www.wsj.com time to read: +1 min

CHLOE LEE never thought she’d be grateful for her school uniform. “Now that I’m an adult, I realize how wrong I was,” the Chicago native said, laughing. One obvious draw: A few classic jackets and skirts that look good with everything can save you time by limiting wardrobe panics. And despite the look’s (literally) buttoned-up roots, it offers versatility, relaxed silhouettes and casual coolness. Or Bottega Veneta’s, where creative director Matthieu Blazy served up sophisticated prep via a blue leather skirt and two-tone collared shirt.

☆ Wearable Clothes at Last? The Top Trends From the Fall 2023 Fashion Shows
▼ + stars: | 2023-03-11 | by ( Katharine K. Zarrella | Lizzy Wholley | ) www.wsj.com time to read: +1 min

LOW-KEY LUXURY At the fall fashion shows, many designers proposed quiet, classic clothes rife with sophistication. From left: fall looks from Fendi, the Row and Loro Piana. This season put an end to that. Perhaps inspired by political and economic uncertainty, or maybe by the fact that women exist in the tangible world again, not just behind filtered screens, brands including Saint Laurent, the Row, Bottega Veneta and Fendi turned out exquisitely wearable, sometimes understated clothes. The shift in tone resonated with guests, some of whom are cautiously optimistic it might last beyond this crucial season for the brand.

☆ Gucci Launches Sustainability Drive as European Fashion Regulation Looms
▼ + stars: | 2023-02-22 | by ( Joshua Kirby | ) www.wsj.com time to read: +6 min

It will boost transformation in the Italian fashion industry’s production models, said Gucci in a joint release with French parent Kering. “Luxury brands generally have strong and transparent supply chains and an opportunity to better communicate sourcing quality,” they said. “Luxury brands have the burden to stand for our better selves, as they embody people’s aspirations and ideals,” Mr. Solca said. In 2018, U.K. luxury fashion house Burberry said it would stop burning unsold inventory amid pressure from environmental groups, but some peers continue the practice. The hub’s activities will later be extended to Kering’s other brands, before opening to the wider fashion sector.

☆ Burberry's Lee stages an ode to British heritage in debut runway show
▼ + stars: | 2023-02-21 | by ( Suban Abdulla | ) www.reuters.com time to read: +2 min

LONDON, Feb 20 (Reuters) - Faux fur, oversized coats and hot water bottles dominated Burberry’s (BRBY.L) runway as Daniel Lee presented his vision for the British heritage label at London Fashion Week on Monday. Burberry's mackintosh-style trench coat was re-imagined in a muted khaki with green faux fur lapels. English rose patterned tailoring sat alongside chunky rubber boots with an equestrian twist and cosy square toed shearling and faux fur shoes in the Autumn Winter 2023 collection. Monday's show follows the unveiling of Burberry's new logo: a sleeker elongated typeface and a campaign steeped in "Britishness". Lee previously created a buzz at Italy's Bottega Veneta with pillowy leather clutch handbags and slip-on heels.

[1/2] A man looks at a window display outside a Gucci store, part of the Kering group, at Tsim Sha Tsui shopping district in Hong Kong January 17, 2013. But while Gucci, which accounts for the bulk of profits and revenues at Kering, was the only brand to post a fall in sales, analysts said other labels too posted lower-than-forecast results. Kering said sales fell by 15% in North America in the fourth quarter and by 19% in Asia Pacific. But the situation has been more complicated for Kering, since Gucci relies more heavily on China than competitors. LVMH's fashion and leather goods division, home to Louis Vuitton and Dior, grew sales by 10% over the fourth quarter.

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☆ Want Big-Skirt Energy? How to Master the Statement Look
▼ + stars: | 2023-02-03 | by ( Fiorella Valdesolo | ) www.wsj.com time to read: +1 min

A drenching is always amusing, but it’s her tutu that makes that scene indelible. The show’s costume designer, Patricia Field, was insistent on the garment, saying in an interview, “Whatever she’s wearing has to be completely original to last in time.”That iconic look embodies “big-skirt energy,” a mood dominating the resort and spring 2023 collections. A skirt needn’t literally be big to possess BSE. But whether maxi or midi, spangled or satin, printed or plain, it must project outsize attitude. And women are gravitating to that, reports Marc Rofsky, a buying director at e-commerce site Moda Operandi, who’s seen year-over-year, double-digit growth in skirts between October and January 2023.

☆ Gucci Parent Kering Taps Estée Lauder Executive for Beauty Push
▼ + stars: | 2023-02-03 | by ( Nick Kostov | ) www.wsj.com time to read: 1 min

PARIS—Gucci-owner Kering SA has tapped a senior Estée Lauder Cos. executive to lead a new beauty division, as the luxury giant looks to expand in cosmetics and perfumes. Raffaella Cornaggia will help develop beauty offerings for brands including Bottega Veneta, Balenciaga and Alexander McQueen. Kering said the Italian national would bring strong experience to a strategically important area.

☆ Resale value of Gucci, Chanel, Louis Vuitton handbags is falling
▼ + stars: | 2023-01-19 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +3 min

“Demand for higher-priced luxury brands at resale is down, which is pushing prices for brands like Chanel, Gucci and Louis Vuitton down.”At the same time, she said, demand for previously owned lower-priced luxury brands — such as Miu Miu and Bottega Veneta — is up. They are no longer willing to pay the same price at resale that were willing to pay last year for brands like Hermes, Gucci and Louis Vuitton,” Skoda added. According to The RealReal’s Annual Luxury Consignment Report 2023, which was released Thursday, handbag resale prices fell 20% for Louis Vuitton, 17% for Gucci, 10% for Hermès and 9% for Chanel over the past 90 days. Resale prices are cooling somewhat for luxury handbag brands like Gucci and Louis Vuitton, according to The RealReal. As they embrace lower prices, resale shoppers have become less picky about the condition of the items they buy.

☆ Burberry's sales growth slows to 1% on China COVID hit
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: +1 min

LONDON, Jan 18 (Reuters) - British luxury brand Burberry's (BRBY.L) like-for-like sales growth slowed sharply to 1% in the quarter to end-December as COVID-19-related disruption in mainland China largely offset a stronger performance in Europe. It had reported growth of 11% for the previous quarter. Burberry's like-for-like sales in Europe, Middle East, India and Africa grew 19%, it said, but in other regions they fell. Mainland China, Burberry's biggest market, was down 23%, while the rest of Asia fell 7% and the Americas were down 1%. Burberry's new chief designer Daniel Lee, who was previously creative director at Bottega Veneta, will present his first runway collection for the house next month at London Fashion Week.

PARIS/MILAN, Jan 13 (Reuters) - Gucci kicked off Milan fashion week on Friday with a lineup of slouchy, androgynous menswear styles, forging ahead with its latest collection while the industry waits for owner Kering (PRTP.PA) to name a new designer for the label. The question of who will steer Gucci's creative direction loomed over the megabrand's first men's show in the Italian fashion capital in three years. Events run through Jan. 17, drawing an audience that includes major retail buyers sizing up which styles might be future top sellers. Gucci held back on marketing investments during the pandemic, while larger rival LVMH's two biggest labels Louis Vuitton and Dior pushed ahead, a move that analysts say helped them gain ground on rivals. Despite the current turbulence at Kering, however, expectations are high given the group's strong track record nurturing brands, analysts say.

☆ Arielle Charnas' company, Something Navy, is floundering amid dwindling sales, an employee exodus, and furious suppliers
▼ + stars: | 2022-12-08 | by ( Katie Warren | ) www.businessinsider.com time to read: +36 min

From the outside, it doesn't look as if Charnas' company is in trouble. Mark Sagliocco/Getty Images for Beach MagazineSeveral former employees told Insider they cut ties with Something Navy because they saw signs the company was struggling. Several current and former Something Navy employees told Insider they'd been inundated with emails since the spring from suppliers, freelancers, and models asking where their money was. In one email viewed by Insider, Scanlan told a supplier that cash was tight but promised payment was on the way. The current Something Navy employee said that based on data she'd seen, the retail locations most likely don't turn a profit.

☆ Gucci designer’s exit boosts Kering’s M&A urgency
▼ + stars: | 2022-11-24 | by ( Lisa Jucca | ) www.reuters.com time to read: +3 min

MILAN, Nov 24 (Reuters Breakingviews) - The abrupt departure of star Gucci designer Alessandro Michele on Wednesday is putting French luxury boss François-Henri Pinault on the spot. The Italian brand, Kering’s (PRTP.PA) largest, has been a money-spinner for the 68 billion euro French conglomerate. Gucci revenue nearly trebled to 9.6 billion euros between 2014 and 2019. Reuters GraphicsFollow @LJucca on TwitterCONTEXT NEWSKering’s top brand Gucci said on Nov. 23 Creative Director Alessandro Michele had stepped down. Under Michele’s creative leadership, Gucci sales grew nearly three times from 2014 to 9.6 billion euros in 2019, one of the best performing brands in the luxury world.

☆ Burberry looks to reignite spark under new leadership duo
▼ + stars: | 2022-11-16 | by ( Suban Abdulla | ) www.reuters.com time to read: +4 min

He has already made his key appointment in choosing Daniel Lee to replace Riccardo Tisci as chief designer at the 166-year-old label. Leather goods account for around 20% of Burberry's sales versus 70% at Bottega Veneta. Tisci, in turn, changed Burberry's design language by introducing a TB monogram, that increased the brand's appeal to younger luxury consumers. The final stages of Burberry's five-year plan were expected to see an acceleration in revenue growth and an increase in profits. Burberry's rivals - led by French luxury leaders LVMH (LVMH.PA) and Kering (PRTP.PA) - in contrast, have most recently reported double-digit sales growth in the quarter to the end of September.

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