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The EU to invest 2.3 billion euros on sustainable fashion
This is the total amount made available by the European Parliament for the transition as highlighted yesterday during the European fashion alliance meeting in Brussels. «We present the voice of the most creative industry», Carlo Capasa of Cnmi told MFF
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The supply chain applauds the bill on Made in Italy
Representatives of industrialists, artisans, and traders see the approval of the bill as a turning point. There is great expectation for the sector for the creation of the Sovereign Wealth Fund and for the implications of the legislation in terms of training
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Italy takes over fashion top management
From Pietro Beccari at Louis Vuitton to Fabrizio Freda at Estée lauder, from Francesca Bellettini at Saint Laurent and Marco Bizzarri at Gucci, the international maisons bet on Italian names. «They combine key skills,» Erika Andreetta from Pwc explained
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Primark to open 100 stores in 3 years
«The openings will mainly be in the US. Italy has now 15 stores, but we are ready to seize more opportunities,» Luca Ciuffreda, Head of Sales for the over-9-billion-revenue giant, told MFF. «We do not have our own factories, but we source from 900 companies in 28 countries, including our own»
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Fashion hotels are worth 1.2 billion euros
This is the value of investments in Italy in high-end hospitality. The trend continues abroad as well, from Giorgio Armani to Dolce&Gabbana to new Bulgari projects. «Partnerships with the hospitality sector are a very attractive opportunity for both parties,» experts told MFF
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The market likes dual listing
Richemont and thredup have already started the secondary listing. Meanwhile, Ferretti is marching toward an ipo in Milan, and Prada and Coty are feeling the European grounds. «Different exchanges allow investors to diversify, increase liquidity, and mitigate country risks,» Kearney experts told MFF. Zegna or Lanvin group could be next to strengthen the italian stock exchange as luxury hub
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Dolce & Gabbana shines with Mytheresa
Domenico Dolce and Stefano Gabbana’s brand took the runway in Portofino to celebrate the summer capsule created in partnership with the Nyse-listed e-tailer. The fashion house also inaugurated its branded new Excelsior café in the Piazzetta
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Alberta Ferretti pays homage to the region of Emilia-Romagna
«This place is home for me. I have my family, my roots, my present here» the designer of the Aeffe fashion Group stressed, who parades with the Cruise 2024 collection at Castel Sismondo in Rimini, home of Fellini Museum, as a message of resilience for the flood-stricken territory in addition to a series of charitable initiatives
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Aquawoman for Louis Vuitton
Neoprene suits, sequins like scales of an exotic fish, and headgear like warriors of the depths. Nicolas Ghesquière brings his fantasy mermaids to Isola Bella, the island on Lake Maggiore, to celebrate the Cruise 2024 collection for the Lvmh group brand, the first ever held in Italy
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Pinault to invest in Italy with Kering Group
«We have 13,000 employees out of 47,000 in the country,» the ceo of the luxury giant of over 20 billion in revenues underlined, inaugurating its new 9,500-square-meter Milan headquarters between Via Della Spiga and Via Senato, after the logistics hub of over 16 hectares in Trecate. Mayor Beppe Sala and Gucci’s ceo Marco Bizzarri attended the opening ceremony
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Genny’s fashion show in Monaco
At the Grande Verrière of the Grimaldi forum, designer Sara Cavazza puts up a show in the Principality of Monaco. The fashion week rewards the designer «for bringing Italian style to the world». The Swinger international brand will open its flagship store in Beverly Hills in august and is studying initiatives in the Veneto region
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Dior takes the runway in Mexico on the wings of Frida Kahlo
«She was able to transform herself into a work of art and challenge conventions,» Maria Grazia Chiuri explained to MFF. The Lvmh’s Maison fashion show Cruise 2024 takes place in the painter’s hometown. «In 1954, Monsieur Dior started from here a South American tour. The models from that time, reinterpreted by Elina Chauvet, will be displayed in our museum in Paris»
