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Bikkembergs sees 2025 revenue steady at €30 million, plans two openings in Tbilisi

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January 16, 2026

Bikkembergs returns to Milan Fashion Week and, for the first time, opens the doors of its headquarters on Via Stendhal (Solari). “Pitti is a wonderful platform, but we made a strategic choice to be more consumer-driven,” Dario Predonzan, the brand’s CEO, tells FashionNetwork.com.

Dario Predonzan at the entrance to Bikkembergs’ HQ in Milan

The more than 500-square-metre space, which opened around 10 years ago, brings together the design studio, offices, and B2B sales across two floors, and was set up for the occasion with an oversized inflatable soccer ball positioned at the entrance, the result of a collaboration with a Turin-based creative.

The soccer sneaker is at the heart of the brand’s strategy. Founded by Dirk Bikkembergs, the label is now owned by China’s Modern Avenue. “It is our signature piece, the item consumers associate most strongly with the Bikkembergs name. It’s also on trend right now thanks to its low-profile aesthetic,” Predonzan notes.

Last June’s collaboration with Gosha Rubchinskiy marked a step-change in this direction. “We phased out all the old models across the various markets, a move similar to what Adidas did with the Stan Smith. We will put a strong focus on the brand’s heritage,” says the CEO.

The collaboration with the Russian designer was a limited edition of about 2,000 pairs. “We sold almost all of them. Spring-Summer ’26 was the first season of the sales campaign and we nearly doubled the footwear category’s figures,” Predonzan continues.

A total look from Bikkembergs' FW26 collection.
A total look from Bikkembergs’ FW26 collection.

The company closed 2025 with turnover of 30 million, in line with last year. “We are satisfied because, despite the difficulties, the company is on a solid financial footing. We have worked hard to streamline processes. It is crucial to be a healthy business in such an uncertain market phase,” the CEO adds.

Driving Bikkembergs’ sales are Germany and Northern Europe, which are once again important markets. The US and Russia account for much of the remainder. “The opening plan through 2027 is proceeding, with two new openings coming in Tbilisi, Georgia, between March 2026 and next autumn-winter. Today we have nine mono-brand stores, but we are always looking for partners for new openings,” says the manager.

In Milan next March, the brand will celebrate its founder with a special event, coinciding with the launch of the first exhibition at MoMu in Antwerp dedicated to the Antwerp Six (which includes designer Dirk Bikkembergs himself). “We want to tie in with this important event to pay homage to our origins,” Predonzan concludes.

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Dealz continues to drag down ‘resilient’ Pepco in Q1

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January 16, 2026

Pepco’s first quarter was “solid” the pan-European value retailer said this week, despite the underperforming Dealz chain continuing to be a drag on its results.

Pepco

Q1 covered the three months to the end of December and saw group revenues up 4.3% on a constant currency basis to €1.4 billion. This reflected “solid Pepco growth partly offset by the expected temporary drag from the Pepco FMCG exit, which will reduce during the year, and a softer topline performance in Dealz”. 

The Dealz chain operates in Ireland and the Isle of Man was well as in Poland and is the equivalent of the UK Poundland chain that Pepco sold last year.

Group like-for-like (LFL) revenues (excluding FMCG) grew 3.3% during the quarter with the Pepco chain up 4.2% LFL. That number was helped by “a particularly strong result in December, despite a highly competitive and promotional seasonal period”. It saw positive Q1 LFL revenue in key markets including Poland, Iberia and Italy.

But Dealz LFL revenues declined by 7.7% in Q1. The business “experienced disruption in October and November 2025 as it re-platformed its operations following the Poundland sale, and thereafter saw a material recovery of LFL in December 2025”. The group “continues to progress with a divestment of Dealz, with an intended completion in 2026”.

Even with the Dealz problems, the group gross margin in Q1 was 360bps higher year-on-year, and in line with the final quarter of FY25 (49.4%).

CEO Stephan Borchert called it an “encouraging start to the year, with Pepco delivering a resilient performance. I’m especially pleased with our strong December trading, against intensifying promotional activity across our key territories. Western Europe, in particular, continues to perform well, achieving consistent double-digit like-for-like revenue growth (excluding FMCG) through the quarter. The group also delivered a significant year-on-year increase in gross margin, despite disciplined price investment.

“Consumer confidence in some markets remains subdued against an ongoing uncertain macroeconomic backdrop, but our focus on delivering exceptional value is resonating with customers who continue to prioritise value in their everyday shopping decisions.

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Kering CRAFT gains major momentum among Chinese designers

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January 16, 2026

Since its November 2025 launch, ‘Kering CRAFT: Creative Residency for Artisanship, Fashion, and Technology’ has generated substantial buzz among China’s creative community. In response to high demand and frequent enquiries, a dedicated seminar was recently held at the SFDA Designer’s Home to clarify the program’s framework and application process.

Kering CRAFT: Creative Residency for Artisanship, Fashion, and Technology in partnership with Shanghai Fashion Week
Kering CRAFT: Creative Residency for Artisanship, Fashion, and Technology in partnership with Shanghai Fashion Week – SHFW

At a recent seminar, Kering’s Greater China president Cai Jinqing introduced the Kering CRAFT program, an initiative dedicated to nurturing the next wave of creative leaders. By combining creative practice with industry collaboration and sustainability, the program offers a clear roadmap for talent development. Designers in attendance received a thorough breakdown of the selection process and participation guidelines, engaging in direct dialogue about the program’s implementation.
 
Kering CRAFT represents the latest evolution of the collaboration between Kering Group and Shanghai Fashion Week. Following the momentum of the Kering Generation Award, this partnership seeks to accelerate the growth of forward-thinking Chinese talent. The goal is twofold: to provide designers with the tools to scale and to discover the future “global + local” brands that will define the Chinese fashion landscape.

Meticulously curated by Kering Group, this global program spans France, Italy, and China, connecting the fashion hubs of Milan, Florence, Paris, and Shanghai. The year-long immersive journey is anchored by a mandatory eight-week European residency, offering participants unparalleled access to and exchange with Kering’s iconic luxury houses. Complemented by domestic training in China, the program merges craftsmanship with cutting-edge innovation to spark vital dialogues on heritage and the evolving business models of the luxury sector.

The event saw strong engagement, with over 40 designers attending in person and nearly 30 participating via a live digital stream, where they engaged in a deep-dive Q&A session
The event saw strong engagement, with over 40 designers attending in person and nearly 30 participating via a live digital stream, where they engaged in a deep-dive Q&A session – SHFW

 
In her opening remarks, Madame LV, secretary general of the Shanghai Fashion Week Organizing Committee and executive VP of SFDA, affirmed the organisation’s full support. She emphasised that they would leverage Shanghai Fashion Week’s extensive network and the SFDA’s talent platform to provide ongoing resources and professional collaboration. This partnership is designed to establish a future-oriented cultivation mechanism, elevating Chinese design capabilities and driving the industry’s creative transformation.
 
By Sissi Chu
 

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Milano Moda Uomo: Ralph Lauren, the coolest classicism

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January 16, 2026

The house of Ralph Lauren very rarely stages menswear runway shows in Milan, which is a pity as its catwalk display this Friday was the coolest and cleverest display of menswear classicism we’ve seen in many moons.

Ralph Lauren in Milan – FashionNetwork.com

 
The smoothest of shows too. Presented with polish inside Ralph Lauren’s European headquarters, a geometric Rationalist era jewel of a building. Guests- from Tom Hiddleston and Colman Domingo to Nick Jonas- imbibing biscuity champagne as they took their places on leather bench seats.
 
Opening with a score of looks from Polo, a rich selection of kicky, preppy ideas: red flannel shirts with turkey prints; Navajo graphic wool sweaters; snow crystal pattern cardigans; and even a brown three-piece Prince of Wales suit.  All anchored by Alpine hiking boots or hyped-up L.L. Bean style waders; or accessorised by Black Watch tartan carpet bags.

Plenty of Western looks, from urban cowboy brown suede fringed jackets, worn by a model with an acoustic guitar on his back, to lace ties, rancher hats, and riding boots. Very Yellowstone in Lombardy.

Black Watch tartan by Ralph Lauren
Black Watch tartan by Ralph Lauren – FashionNetwork.com

 
Backed up by a great soundtrack- where Nina Simone’s Sinnerman followed Texas Sun by Khruangbin and Leon Bridges. Ideal for some bold and colourful motor-bike jackets that read: Ralph Lauren Racing.
 
As day shifted to evening, Scottish baronial chic made an appearance: from Clan Stewart red plaid tuxedos worn under a Count Dracula cape to a great black Grenadier guards military tunic worn with a black silk stock– un petit merci to Dior. Albeit seen on models sporting New York Yankees baseball caps.
 
“We had so many looks and ideas in this collection that it just seemed right to stage a show this week in Milan,” explained Andrew Lauren, sitting among the movie stars in the villa’s covered courtyard.

Tailoring by Ralph Lauren
Tailoring by Ralph Lauren – FashionNetwork.com

 
All worn by a highly diverse cast, from all the world’s continents. And, one could not help noticing that when he came to the two chalk stripe impeccable bankers, these were worn by a South and an East Asian.
 
Though there was clearly no deliberate political message, the very heterogeneousness of the cast was a reminder of how Ralph has always celebrated the diversity of America. Which, at a moment when ICE are clearly racially profiling citizens in the United States, made this show feel very powerful.
 
This is the melting pot America that Europeans love. Not the white supremacism currently being rammed down people’s throats.

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