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Profits boom for Prada
In the first six months, the group’s revenues reached 1.9 billion euros (+22%). Profits doubled to 188 million euros from last year and margins also improved. «July results have been very positive. We are confident of achieving our medium-term financial and operational targets», ceo Patrizio Bertelli stated
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Record-breaking profits for Kering
The European recovery makes profits skyrocket to 1.98 billion euros (+34%) with revenues of 9.93 million euros, compensating China’s lockdown. Yves Saint Laurent recorded its best half-year ebit with sales going up by 42%. Positive performance from Gucci (+15%) with 5.2 million euros and Bottega Veneta (+18%)
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Lvmh soared to +28%
The fashion & leather goods (+31%) and wines & spirits (+23%) divisions pushed the luxury giant's revenues up to 36.7 billion euros in the first half of the year. «We face the second half of the year cautious but confident», Bernard Arnault stated. Downturn in China has been offset by Japan’s recovery
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Benetton begins again with Andrea Incontri
“I do not consider this just a fashion brand but a democratic and social brand,” the designer explained to MFF. Starting from 2023 he will lead the women, men and kids collections of the historic brand. Its debut in September will be in the store in Corso Bueno Aires during Women Fashion Week
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Bluebell wants Trapani on Richemont's Board of Directors
«The former ceo of Bulgari is an industry leader and today he is independent». Giuseppe Bivona, partner of the hedge fund working to change the governance of the Swiss giant, exclusively explained to MFF the decision to propose the manager on the Group's Board
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Bulgari bets on Milan
«The flagship store in Via Montenapoleone will more than double in size by the first half of 2024» CEO Jean-Christophe Babin anticipated to MFF. The store will be part of a building in which Lvmh will also open Tiffany and Louis Vuitton. High jewelry drives growth and generates 20% of revenues
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Botter: «Fashion as a lever for change»
From collections made with ethical materials to the creation of a nursery to grow corals in the oceans, the two designers Rushemy Botter and Lisi Herrebrugh are betting on a circular approach for their brand, thanks in part to the Andam fashion award they received. «We want to give back to nature as much as possible, and not just take from it», they told MFF
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Alessandro Michele: «I take fashion beyond its limits»
«I do not have a specific style process, I am always changing it», Gucci's creative director explained in London at the «Fashioning masculinities» exhibition, supported by the fashion house. «I started looking at the brand as a platform to expand ideas»
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Stargate Saint Laurent
Revisited tuxedos, softened lines, increasingly invisible boundaries between masculine and feminine in the collection designed by Anthony Vaccarello, who imagined a cinematic show among the dunes of Agafay, recreating a monumental oasis
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Tommy Hilfiger: «I am back with a show in New York»
«It was time to restore support to Nyfw where it all started», the designer told MFF. The brand, part of Wall Street giant Pvh, ended the fiscal year with sales of 9.3 billion dollars, while working on the metaverse and sustainability with stars such as Shawn Mendes
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Remembering Gianni Versace
25 years after his death, MFF commemorates the designer, amid stories from friends and designers, who were inspired by him. «According to me, fashion must petrify, like the gaze of Medusa», he had stated. Today, with his sister Donatella as Creative Director, his legacy is still as alive as ever
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Daniel Roseberry: «My dream for Schiaparelli»
«I would like to make the voice of the Maison dominant in the fashion world and extend its aesthetic language to more product categories,» the Creative Director of Diego Della Valle's brand told MFF. The spotlight is on the exhibition dedicated to the fashion house's founder at the Musée des Arts Décoratifs in Paris running through January 22, 2023
