In the first half, Piquadro recorded losses for €0.1 million, an improvement on the €1.4 million loss posted last year, confirming a revenue forecast of €170-175 million, and adjusted EBITDA of €15 million.
Nearly 65% of the world's most wealthiest consumers intend to increase their luxury spending in 2023, especially for fashion in ready-to-wear and leather goods, according to a study by Kantar Insights and Altiant.
IMG announced on Tuesday the winners of the Australian Fashion Laureate 2022, an awards ceremony honouring individuals who have played a significant role in the growth and cultural impact of Australian fashion.
After seven years Alessandro Michele is stepping down as Gucci's creative director. The brand's design office will continue to carry the direction of the House until a new creative organization is announced.
The long-established Italian high-end hatmaker has strengthened its design office by naming Jacopo Politi as head of style. Politi has been with Borsalino since April, based between Milan and the factory in Alessandria.
New Bond Street in the heart of London's West End has lost its crown as the most expensive shopping street in Europe as far as rents are concerned. That title goes to Milan’s Via Monte Napoleone, new figures show.