Italian fashion legend Brunello Cucinelli is to be honoured with the Outstanding Achievement Award at the Fashion Awards 2025 at the Royal Albert Hall in London in December, the British Fashion Council (BFC) has announced.
Brunello Cucinelli
The accolade, regarded as one of the fashion industry’s highest distinctions, recognises the 47-year career of the Umbrian designer, philosopher and entrepreneur.
Cucinelli is being rewarded for his “exceptional contribution to the world of fashion, as a pioneer who has succeeded in combining luxury and design with a more responsible approach to business”, the BFC said.
Its executive committee said it also chose to bestow this honour on his Solomeo-based fashion house which is “rooted in the ethical principles of Humanistic Capitalism and Human Sustainability, dedicated to promoting the dignity of the human being in all its forms and expressions, as well as to the guardianship of Creation”.
The BFC specifically highlighted “the innovation brought to the world of cashmere [which] has transformed the possibilities of the entire sector”.
Cucinelli added: “I like to think of this as a gift to dedicate to young and very young artisans who, in the future, will be called upon to contribute, in an innovative and contemporary way, to the enhancement of the dignity of manual labour, fine craftsmanship, and our Made in Italy, so highly appreciated around the world.”
Up to 160,000 part-time retail jobs in Britain are at risk of being lost over the next three years as a result of higher employer taxes and regulatory changes, the British Retail Consortium (BRC) trade body warned on Wednesday.
Photo: Pixabay
As the UK economy struggles to grow, the Labour government’s solution was to increase employer taxes in finance minister Rachel Reeves’ October budget to raise money for investment in infrastructure and public services, prompting criticism from the business community.
The BRC, which represents most of the UK’s biggest retailers, said that rising employer National Insurance contributions (NICs) and a 6.7% jump in the national minimum wage will add 5 billion pounds ($6.3 billion) to retailers’ labour costs in 2025 alone, increasing pressure on the industry to reduce staffing levels.
Part-time roles are particularly susceptible to the changes in the employer NICs, the BRC said. Retailers will be taxed for any employee earning more than 5,000 pounds, down from the current threshold of 9,100 pounds, making it significantly more expensive to hire part-time workers.
The BRC said the impact would be compounded by some of the proposed changes to employment legislation being considered by parliament, which it said could force companies to reduce the number of flexible jobs, including seasonal and student jobs.
“One in 10 part-time retail roles are now at risk of being lost,” said BRC Chief Executive Helen Dickinson.
“Retailers face a mountain of costs from the budget and, while they continue to absorb costs where they can, higher prices and job losses are inevitable.”
The government has said the budget measures were needed to fill a 22 billion pound “black hole” it inherited from the previous Conservative administration. It has said difficult choices had to be made to restore economic stability.
The Spanish fashion conglomerate Tendam has a new majority owner. Nine months after canceling its plans for an IPO in Spain, the investment vehicle of the Abu Dhabi royal family, Multiply Group, has acquired a 67% stake in the company from private equity firms CVC Capital Partners and PAI Partners. The deal values the company at over €1 billion, according to reports from the business daily Expansión.
Multiply Group acquires a 67% stake in Tendam, strengthening its presence in the global fashion market. – Tendam
The acquisition follows unsuccessful attempts to take Tendam public, as the market conditions failed to meet the expectations of CVC and PAI Partners. Both firms had been part of Tendam’s ownership since 2006, following a complex bidding war that also involved private equity firm Permira. In 2017, CVC and PAI Partners acquired Permira’s 33% stake, becoming the sole owners.
According to the same source, in addition to IPO attempts, CVC and PAI Partners had also explored other options for the company, including selling it to investors with an industrial profile or to the department store group El Corte Inglés.
Formerly known as Grupo Cortefiel, Tendam’s portfolio includes Women’secret, Springfield, Cortefiel, Pedro del Hierro, Hoss Intropia, Slowlove, High Spirits, Dash and Stars, OOTO, Milano, Fifty, and Hi&Bye. The group operates more than 1,760 points of sale across 80 countries, including standalone stores, department store corners, and franchises. It also maintains an online presence through over 33 websites.
What a difference a different colour and an Oscar-winning composer can make to a fashion show, as Gucci showed in its first post-Sabato De Sarno collection in Milan on Tuesday.
The debut show of the six-day Milan Fashion Week, the show and set were useful reminders of Gucci brand power, something far too many people have forgotten lately.
Gone was the deep purple that obsessed the banished creative director. Instead, the green room, invitations, curtains, and banquette seating inside the huge show space were hearty Castleton green. Even the catwalks were done in two massive interlocking green Gs.
A model walks the runway in Gucci’s Castleton green show space, reflecting a new direction for the house. – Photo Credits: Godfrey Deeny
Presented inside Superstudio Maxi, a giant party club in south Milan, the show was blessed with a fantastic original soundtrack by Justin Hurwitz, who won two Oscars for Best Original Song and Best Original Score for La La Land. He energetically conducted a live chamber orchestra before a front row, where Kering CEO and Gucci patron François-Henri Pinault sat beside Julia Garner, Jessica Chastain, Parker Posey, Jannik Sinner, Yara Shahidi, Dev Patel, Xiao Zhan, and Wen Qi—not bad going for a house without a designer.
A rousing performance that drove forward this show and collection, a cautious yet snappy array of Gucci hits over several decades created by the in-house design team. Ranging from ’60s fur and deep mohair peacoats; to knee-length skirts slit up the side, big-button tunics, or some perfectly cut Donegal tweed business suits. Dolce Vita damsels out for a stroll, certain to make heads turn.
Gucci’s runway featured rich textures and fluid silhouettes, blending heritage with modern elegance. – Photo Cresits: Godfrey Deeny
All the way to the 90s slip dresses, oversized coated blazers with peak collars, or bouclé wool mini cocktails. Best of all were the interlocking G-print velvet dresses and the semi-sheer skirts paired with velour leotards and worn with gold stirrup pendants, adding plenty of oomph. All this was worn with several new takes on the 1955 horse-bit bag that looked very commercial.
There was a time under Alessandro Michele, when the Gucci girl looked like she lived in Brooklyn. None of these girls looked like they ever took a subway.
Halfway through, the chamber orchestra changed rhythms and out came the menswear collection, featuring a sharp new double-breasted suit with an elongated jacket and slim pants, slashed at the back at the ankle and worn with natty leather slippers. Noting too awe-inspiring, but decent merch as were some great scrawny mohair cardigans. Though quite why there were six versions of the same coat, albeit in different materials was hard to comprehend.
Gucci’s menswear collection featured sleek tailoring with modern proportions and effortless elegance. – Photo Credits: Godfrey Deeny
“We wanted to make a brand statement,” said Gucci CEO Stefano Cantino. And the house most certainly did with an excellently staged show that ended with a score of young designers taking a joint bow at the bandstand. All dressed in Castleton green sweatshirts.
Despite it being one of those foggy days when clouds descend like lumpy porridge from the Alps and Milan looks very mournful, several thousand fans swarmed around outside, cheering each star as they exited. Gucci may have suffered several tricky years and seen revenues fall 20% in the most recent quarter, but judging by these fans; the label is still a major cult marque.
The house was mum about the eventual successor to De Sarno, though an announcement is expected in the next several weeks – with Hedi Slimane the designer with the shortest odds.
Business may have been weak but there is plenty of life in the house of Gucci.