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Eleventy: Revenue at €127 million, Chicago store opening imminent, push in the US and Asia

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January 20, 2026

From its elegantly appointed 1,000-square-metre showroom at 11 Via Uberto Visconti di Modrone in Milan, which showcases the brand’s entire universe, high-end clothing and accessories label Eleventy presented its Autumn-Winter 2026/27 collection, marked by colours new to the house, an expanded assortment—especially in footwear—and the use of new raw materials such as vicuña, as revenue stabilises and new store openings are readied, starting in Chicago.

Eleventy, Autumn-Winter 2026/27

“It’s an important year for us, one in which we wanted to reinvent ourselves, because we believe it’s right to go back to being special,” Marco Baldassari, who continues to lead the brand he owns as CEO, tells FashionNetwork.com. “We had certainly spent many years operating in our comfort zone, with light colours, which by now are no longer distinctive. So we wanted to introduce new, more sophisticated, darker colours and silhouettes that are new to us, to differentiate ourselves once again from what the market offers.”

“The inspiration for the collection,” Eleventy’s CEO continues, “begins with an inner journey of reconnection with nature, which becomes our stage.”

Brown, therefore, assumes a central role in Eleventy’s wardrobe, as do very deep, almost black greys—like the winter sky—alongside forest greens and burgundy.

“This change has been noticed and, I must say, warmly received by buyers, also because I think it’s right to rekindle the desire of a consumer who perhaps had found the market a bit flat, lacking truly new propositions, where everything seems interchangeable,” the entrepreneur notes.

“It’s one of the contributing factors to this global downturn in fashion and luxury sales. More than tariffs, which in my view have somewhat distracted from the real issue—the strengthening of the euro, alongside the weakening of the yen and the dollar—pricing has certainly played a part, and in many cases the end consumer has not found it justified. With a very balanced price-to-quality proposition, Eleventy has not been particularly affected by this phenomenon. I hope this new collection of ours will reignite a great deal of desire, because we have completely reinvented ourselves, including in terms of fit and aesthetic.”

Eleventy, Autumn-Winter 2026/27
Eleventy, Autumn-Winter 2026/27

Eleventy, which in late 2025 opened its first flagship in Lisbon, will continue its programme of monobrand openings in 2026. The most significant will be in Chicago, in the United States.

“The U.S. is our most important market, thanks also to the mentality of the American consumer, who tends to spend more and is more inclined to purchase than the European customer,” Baldassari observes.

Eleventy currently employs 200 people and has 18 monobrand stores managed directly from headquarters, plus 22 with franchise partners, for a total of 40 monobrand stores. In the multibrand channel, the Milan-based label is carried in around 300 carefully selected doors worldwide.

“To be special, and thereby sell a quality product, you also have to be more selective in distribution, sometimes sacrificing opportunities in favour of a longer-term vision,” the CEO said.

The womenswear collection is growing within Eleventy’s business; today it accounts for 25 per cent of revenue, with turnover rising to 127 million euros from approximately 100 million in 2024 (it was 43 million euros in 2022 and 65 million in 2023, ed.), with 18 per cent generated in Italy and 82 per cent abroad. After the US comes the Middle East, Europe overall, and Asia, where Baldassari highlights South Korea and Japan as growth markets, while China remains to be defined.

Eleventy, Autumn-Winter 2026/27
Eleventy, Autumn-Winter 2026/27

The agreement between the European Union and Mercosur to further liberalise trade between them “is certainly a new opportunity that we will not fail to evaluate with great attention and interest,” said the founder, in the presence of Gianmarco Tamberi, who has officially become Eleventy’s new brand ambassador.

“The choice of Gianmarco Tamberi is due to two fundamental reasons. First, we are Italian and we want to bring Italy to the world, which an athlete like him represents excellently. Second, the alignment of our respective values: to achieve the results we have, we have made many sacrifices, with hard work, consistency, commitment and discipline. These are all elements that unite our paths,” the founder continued.

Since in recent years fashion has first seen the rise of tennis-inspired style and then that of skiing (preceded about fifteen years earlier by golfwear and polowear), can athleticwear be trendy in the coming years as well?

In other words, will athletics succeed in conveying its values to the general public, as it has almost never managed to do in the past? “Achieving results certainly helps to spur similar developments,”  Tamberi replies.

“We were coming out of a period (from around 2000 to 2015) when athletics had a huge void of champions in Italy. Now something has shifted, especially since the Tokyo 2020 Olympics, after the famous five gold medals we managed to bring home. Results can allow the personalities who achieve them to emerge; otherwise it’s difficult to bring a movement to public attention. Today, many young people in athletics are coming through,” explains the high jumper, who in his discipline has won at least once everything there was to win, having been Olympic champion at the Tokyo 2020 Games, world champion in Budapest 2023, world indoor champion in Portland in 2016, and three-time European champion (2016, 2022, 2024), not to mention victories at the European Indoors and two Diamond League finals reached.

Eleventy, Autumn-Winter 2026/27
Eleventy, Autumn-Winter 2026/27

“The collaboration with Eleventy came about very naturally, as we share similar values,” confirms the Ancona-born athlete. “For a few years I had the honour of being a Giorgio Armani ambassador, whom I take this opportunity to thank and acknowledge. When that partnership ended, several companies came forward to have me as a testimonial, but I couldn’t find any that resonated with me and with what I want to represent and communicate. Then Marco Baldassari got in touch. And everything clicked into place naturally.”

Founded in Milan in 2007 by Marco Baldassari and Paolo Zuntini, joined in 2009 by Andrea Scuderi, and now majority controlled (65 per cent) by the Fashion Cube fund—a holding company composed of the VEI Capital fund and a Gulf financial group that controls all the sales networks of the high-end apparel and accessories company—Eleventy works exclusively with natural Italian materials and 100% made in Italy production. Present in more than 30 countries, it also has directly operated stores in cities such as Milan, New York, Paris, Tokyo, Seoul and Dubai.

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Gaurav Gupta launches first menswear flagship at DLF Emporio, Delhi

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January 20, 2026

Gaurav Gupta has opened its first flagship store dedicated to menswear. Located in New Delhi’s DLF Emporio, the boutique measures around 2,300 square feet and establishes Gaurav Gupta Man as a core pillar of the Gaurav Gupta brand.

Inside the first ever Gaurav Gupta Man store – Gaurav Gupta

 
The store inside the premium mall was designed by architect Karanbir Duggal in close collaboration with Gaurav Gupta, the brand announced in a press release. Its bold interior resembles a fluid maze, guiding the shopper through curved corridors, past slightly surrealist sculptures, through to rooms filled with the label’s occasion wear in a move to encourage exploration and discovery.
 
“This space reflects how I think about menswear today,” commented Gaurav Gupta about the intent behind the space. “It is fluid, sculptural, and introspective. The store becomes an extension of the Gaurav Gupta Man, where architecture and clothing exist in quiet conversation with one another.”

Gaurav Gupta mixes fashion and art in his new store
Gaurav Gupta mixes fashion and art in his new store – Gaurav Gupta

 
Gaurav Gupta first introduced his men’s offering in 2017 at fashion event GQ Fashion Nights and has dressed celebrities including Ranveer Singh. The new store caters to the label’s growing national and global menswear clientele with a selection of its signature tuxedos, bandhgalas, and ceremonial dress as well as new verticals including kurtas and Nehru jackets, shirts, accessories, bow ties, footwear, and finishing pieces.

“The concept of Shunya informed the way we shaped the space,” said architect Karanbir Duggal. “Emptiness was treated as an active element, allowing the architecture to feel calm, intentional, and deeply immersive rather than visually dense.”
 

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Ami Paris opens Seoul flagship, its largest yet

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January 20, 2026

Ami Paris is continuing its flagship opening programme but instead of Europe, this time it has turned its attention to Asia with a debut in Seoul. It has just opened its new multi-level flagship in the heart of Hannam at 45, Itaewon-ro 55ga-gil, Yongsan-gu.

Ami Paris, Seoul

And it said this “signals a meaningful evolution for the brand’s retail experience: spanning over 425 sq m, it stands as Ami Paris’s largest flagship globally, introducing a Parisian wardrobe and gathering place rooted in the timeless principles of Korean Hanok architecture”.

It added that the space “embraces Seoul’s cool contemporary soul, connecting with a culturally rich neighborhood and a style-attentive crowd who value effortless elegance, art, and discovery”. 

Intended to be more than a traditional boutique, the venue is conceived as an “urban haven and welcoming residence, representing a respectful adaptation to the local context, with a unique sense of intimacy and togetherness”.

It’s certainly an interesting design. Visitors are guided from the street through an underground passage, emerging into the Ami Garden (“a curated oasis of local flora including rowan and maple trees”) before “ascending to the main entrance. This transitional ritual marks a shift from the city’s pace to a serene, breathing space”.

The design concept is based in traditional Hanoks, “creating a cosy atmosphere through a refined interplay of materials: dark oak, granite, and Maljat stone, accented by Ami Paris’s signature elements of beige limewash, gold, champagne gold and mirror finishes”. 

Custom wooden furniture and low-slung seating areas are designed to invite visitors to linger, while bespoke paper lighting, evocative of traditional Hanji, “bathes the interiors in a soft, diffused glow”.

The store also inaugurates an artist residency in collaboration with the Pipe Gallery. Talents “will be invited to engage with the space, ensuring the Ami Paris home remains a dynamic site of cultural conversation”.

At launch, the presentation features the work of Korean-French contemporary artist Chansong Kim.

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New tariffs will hit UK small clothing firms hard – report

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January 20, 2026

The unpredictability involved in doing business with the US has come into sharper relief with the threat of new tariffs being applied to UK exports. And international delivery specialist ParcelHero said Britain’s small businesses “will be the first casualties of [President] Trump’s new Greenland tariff war”.

Donald Trump at the White House, Washington, D.C. (United States), 16 January 2026 – AFP

Any new tariffs come after extra duties were already imposed last year while the de minimis exemption was abolished.

In 2024, the UK exported around $828m-worth of textiles such as clothing to the US. Most of these products will have had a value of under $800 and that de minimis abolition will have had a huge impact. 

But even those business selling luxury goods that didn’t previously qualify for zero duties under the de minimis rule have been hit hard already. 

ParcelHero said that the UK currently has one of the most favourable US tariff rates of 10%, following a trade deal with the country, but “even so, a UK-made coat costing $800 is already likely to cost US shoppers at least an extra $80 (£60) more than it did at the beginning of 2025, assuming that the UK seller passed on all the tariff costs to their US customers. That may not be the only applicable tariff, however, as it could also attract a further tax depending on the item’s tariff code.”

With the new tariff threat just issued, from the beginning of February, “that same coat could cost American consumers around $960 due to the imposition of a further 10% tariff. More concerningly still, from June it could cost them more than $1,000, as February’s 10% tariff rises to 25%. UK specialist and family-run businesses will struggle to survive in the US market as American shoppers turn to cheaper products from elsewhere”.

Parcelhero thinks Trump’s tariff threat over Greenland will particularly impact small UK businesses — which are less able to absorb extra costs and to have the mega-marketing budgets to cement their desirability in consumers’ minds — disproportionately.

The company’s head of consumer research, David Jinks, said he “agrees with UK Prime Minister Keir Starmer that the imposition of new tariffs on the UK and seven other countries that oppose Trump’s plans to take control of Greenland is ‘completely wrong’.

“Many smaller UK exporters are already reeling from the impact of the 10% tariff imposed on the majority of UK products last year. On top of that came the axing of the US de minimis tariff exemption that previously enabled British goods valued at $800 (around £600) or under to enter America duty free. Britain’s SME manufacturers and exporters are likely to be the first casualties of Trump’s new tariff war. Many smaller UK companies may have to quit the US market entirely if the Greenland tariffs are imposed.

“The US is Britain’s largest single overseas market and in 2024, before Trump announced his ‘Liberation Day’ tariffs in April 2025, around 39,500 UK VAT-registered businesses exported goods to the US. Many of these are SME businesses and marketplace traders that are disproportionately affected by the new tariffs.”

And the company thinks that if the tariffs are applied, it will mean a wider move towards tariffs globally. “Whatever the ongoing impact of new US tariffs, the repeal of its de minimis rules and a potential tit-for-tat trade war over Greenland, we are inevitably looking at a period of continuing volatility and changes to US shipments,” Jinks added.

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