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GU appoints Francesco Risso as creative director; to design collaborative line with Uniqlo

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January 8, 2026

GU has appointed Francesco Risso to be its new creative director, six months after the Italian designer left the same position at Marni.

Francesco Risso at the GQ Awards

 
“As part of its corporate direction to strengthen the global presence of Group brand GU, Fast Retailing is pleased to announce today the appointment of Francesco Risso as GU’s creative director,” said Fast Retailing in a group memo.
 
GU is a significant label in the giant Japanese group Fast Retailing, whose flagship marque is Uniqlo. 

Risso’s brief is to shape GU’s creative direction as it enters its next phase of growth. His debut collection for GU is scheduled for Fall/Winter 2026.
 
Alongside his appointment at GU, Risso, who helmed the collaborative Uniqlo and Marni collection of 2022, will also develop a new collaboration line with Uniqlo, set to launch in 2026.
 
“I want more than ever to make real clothes for real people. It is crucial that the future of fashion is charged with meaning and purpose. But for imagination to find its full potential, bold ideas must have an infrastructure to reach people all over the world,” said Risso.
 
Risso studied fashion in Florence, New York, and London. He spent a decade at Prada, developing a rigorous approach to narrative and craft while gaining extensive design experience. 
 
From 2016 to 2025 he served as creative director at Marni, shaping a boldly original vision for the house inspired by music, art, and cultural exploration. His Avant-garde shows were some of the highlights of Milan Fashion Week, noted for their remarkable performance art installations. While his one famed American show for Marni staged under the Brooklyn Bridge, where he accompanied an orchestra playing cello, was a legendary fashion moment.
 
A passionate educator, Risso has also held guest positions at the world’s top art and design schools.
 
With this move, Risso becomes the latest noted European designer to accept a full-time position with a mass market Asian label since Kim Jones became creative director for Areal, a new luxury sub-brand from Chinese down outerwear giant Bosideng, in October.
 
GU likes to style itself as “trend-forward fashion with a touch of Tokyo.” The name ‘GU’ comes from the Japanese word for freedom and is pronounced “jee-you.”  GU was established in 2006 and currently operates approximately 480 stores in Asia, with e-commerce sites in Taiwan, Hong Kong, and Japan. 
 
GU arrived in the US in 2024, opening its first flagship store outside Asia in New York, at 578 Broadway in Soho, as well e-tailing internationally from its GU global online store.

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Elizabeth Scarlett in Valentine’s Day collab with Dalloway Terrace

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January 9, 2026

Thirty-seven days and counting: Elizabeth Scarlett, lifestyle and accessories brand has Valentine’s Day firmly in its sights, announcing a creative partnership with Dalloway Terrace, London’s dining destination at The Bloomsbury.

Elizabeth Scarlett

Bringing together two British brands “united by a shared love of beauty and storytelling”, the collaboration will see Dalloway Terrace transformed into an immersive space “celebrating love, nature and artistry”. It’s a trend we’re seeing more and more often with brands linking up with complementary destinations in a way that benefits both partners.

Inspired by Elizabeth Scarlett’s signature wildflower motifs – the terrace will feature a specially commissioned floral installation, “drawing guests into the brand’s romantic, nature-led world”.

At the heart of the partnership is a limited-edition Afternoon Tea, specially created to celebrate the partnership with a special menu (pastries and sweets inspired by the brand’s signature storytelling).

To mark the event, every guest who books a space on the day will receive a complimentary limited-edition Elizabeth Scarlett love heart stripe pouch (RRP £38), created for the collaboration. Some of the proceeds will also be donated to wildlife conservation.

Elizabeth Petrides, founder of Elizabeth Scarlett said: “We wanted to create a moment where guests can slow down, look closer, and feel immersed in the natural world – even in the heart of the city. From the wildflowers that surround you to the wildlife artwork at the core of our brand, it honours the magic that happens when artistry and nature meet.”

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LVMH Champagne union calls for further strikes

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January 9, 2026

The CGT labour union at LVMH‘s champagne units called for new strike action next Thursday, as it seeks to pressure management to compensate workers for lost bonuses.

The LVMH business includes fashion and refreshments – DR

CGT labour representatives from the Moet&Chandon and ⁠Veuve Clicquot champagne houses said in a video addressed to workers on Friday that they ⁠should drop their tasks for “at least three hours.” The union launched protests last month against a cut in annual bonuses and other ‍benefits ‌at the world’s largest luxury group, even as it keeps
The ⁠group hasn’t yet ‌publicly commented on the labour dispute. LVMH’s ‌Moet Hennessy alcohol division had no immediate comment when contacted by Reuters on Friday.

Management at the unit had offered to pay a one-off 1,000 euros ($1,162.20) payment ‍to workers after it said it would not pay usual annual bonuses amid a decline in sales, ‌said ⁠the ​CGT, an offer “not at the height of our ⁠expectations.”

“It ​is really important to continue to put pressure on the company,” a CGT official said in the ​video message, adding that further talks are planned for Wednesday. So far, no strike action ⁠has been announced at ⁠LVMH’s other drinks businesses, including the Hennessy cognac brand.
 

© Thomson Reuters 2026 All rights reserved.



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Saks Global seeks to file for bankruptcy as soon as Sunday, Bloomberg News reports

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January 9, 2026

Luxury retailer Saks Global is planning to file for Chapter 11 bankruptcy as soon as Sunday, Bloomberg News ⁠reported on Friday, citing people familiar with the matter.

Shoppers walk outside the Saks Fifth Avenue flagship store in Manhattan in New York City, U.S., January 6, 2026 – REUTERS/Angelina Katsanis

The ⁠owner of New York’s century-old Fifth Avenue flagship store is preparing ‍to ‌file for bankruptcy without a restructuring ⁠deal in ‌place, though it aims ‌to craft one in the coming weeks, according to the report.

The company is also in ‍advanced discussions on about $1.25 billion debtor-in-possession financing package with creditors, which ‌would ⁠allow ​it to keep its ⁠business ​running during bankruptcy and pay vendor dues, the report added.

Saks ​Global did not immediately respond to a Reuters ⁠request for comment.

© Thomson Reuters 2026 All rights reserved.



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