MFGS 2024, the vision of top players

«Over the next five years, quality fashion turnover is forecast to rise by 20%». Carlo Capasa, president of the Cnmi-Camera nazionale della moda italiana, opens the three days of work at the XXIII MFGS-Milano Fashion Global Summit on a note of optimism. Three days of discussions, debates, and interviews with organizations, businesses, professionals, and key players on the most pressing topics facing the fashion, lifestyle, and design sectors. «The year 2024 will close with a decline of 3.5%, and even the first half of 2025 will not be positive. Then we expect a change of trend».

With Cnmi-Camera nazionale della moda italiana as an institutional partner, Class Editori is organizing an event that will return to Milan with the goal of better exploring all the nuances of the world of fashion and luxury while reviewing the key factors that are currently driving the industry. Financial resources, the resurgent geopolitics of luxury, case studies of successful realities, mega-chains, the development of the next generation, and issues of beauty and artificial intelligence are all covered. In order to comprehend business 2.0 and create strategies and business models that can handle the challenges of the future, all of these hot points are now essential and regarded as strategically useful. «We must not lose manpower or parts of the supply chain. We can achieve this by accelerating training, even with large investments», he continued.

In order to provide a comprehensive perspective of the current situation, the event brings together the opinions of prominent Italian and non-Italian executives, entrepreneurs, and creatives. It explores the various facets that are currently driving change, as well as the subjects of environmental sustainability and the moral application of technology in production processes. The goal of the first day, «The New Rules: Top Players», is to take an accurate picture of the financial state of luxury and fashion while also highlighting the difficulties and uncharted areas that professionals in the field must overcome in order to stand out. The microphone shifts to Moncler President and ceo Remo Ruffini, currently in China. The testimony of Renzo Rosso, the founder and chairman of Otb group, is followed by a close tour. Diego Della Valle, the president of Tod's, uses an ad hoc panel to highlight the value of craftsmanship. In his speech, he shares his ideas and vision regarding the savoir-faire and legacy of contemporary fashion. Alfonso Dolce, the ceo of Dolce&Gabbana, will introduce themes such as new markets, new opportunities, and new challenges that should be taken into consideration for the success of an iconic Italian brand.

Two round tables will give an economic overview after him. One animated by keynote speakers   Chiara Rotelli from Mediobanca and Francesca Diviccaro of Intesa Sanpaolo, the other by Quadrivio’s ceo, Alessandro Binello, head of luxury and branded lifestyle for JP Morgan emea, Marco Voci, and managing director, head of global luxury and fashion investment banking, Citi emea consumer and retail Bcma, Roberto Costa. The testimony of Filippo Cavalli, ceo of Autry International, will close day one, illustrating the evolution of the signature sneakers with the consequent consolidation of its retail network between America and Asia. «Made in Italy and the challenges of the supply chain» will be the focus of today.

The opening will be held by Adolfo Urso, minister of enterprises and Made in Italy. An overview of luxury geopolitics will be explained by luxury strategic advisor and board member Michele Norsa, while Alsara and her ceo Shahzad Akhtar will explain in detail how to create a new pole between talent and innovation. The holding company founded by Rachid Mohamed Rachid (ceo of Mayhoola for investments, major shareholder of Valentino, and owner of Balmain) has just seen the debut of its ready-to-wear brand Made in Italy, Retori.

Raoul Ravara of Hines Italy and Flavio Sciuccati, senior partner of Teha-The European House Ambrosetti, will provide a strategic point of view on the change in the city of Milan and the comeback of Italian brands. Rocco Iannone, designer of Ferrari, will warm up the engines and start the afternoon sprinting, making a pit stop between collection, runways, and roaring machines. The team designer, however, will not be the only style guide present at the event. In fact, Lorenzo Serafini, the new creative director of Alberta Ferretti, will provide an exceptional testimony, while Marco De Vincenzo of Etro will discuss the new frontiers of creativity and how to transcend artistic boundaries. The awards ceremony for the 2024 Value Chain Awards will follow, another event that has become an essential part of MFGS. (all rights reserved)