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Chiara Ferragni’s company Fenice srl posts €10 million losses in two years

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By

Ansa

Translated by

Nicola Mira

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March 10, 2025

The Fenice srl company, part-owned by Italian fashion influencer and businesswoman Chiara Ferragni, is said to have recorded cumulated losses for €10 million in fiscal 2023 and 2024. The news was reported by Italian daily Corriere della Sera, ahead of the AGM which will approve the financial results and the recapitalisation of the company controlling the Chiara Ferragni brands.

Chiara Ferragni

According to Corriere della Sera, the juncture is a complex one for Ferragni, whose personal brand has foundered over allegedly misleading charity claims in 2023, linked to sales of a sponsored Christmas cake and Easter eggs. In 2023, Fenice srl reportedly generated a revenue of €11-€12 million, but it then plummeted to €2 million in 2024.

Ferragni has a 32.5% stake in Fenice, while entrepreneur Paolo Barletta has a 40% stake and Pasquale Morgese holds the remaining 27.5%. The company is currently managed by Claudio Calabi, after Barletta and Ferragni resigned last November.

Corriere della Sera wrote that the crucial issue is whether the company will be able to continue trading. This may be possible according to some of the documents that will be brought to the AGM, but one of the shareholders is said to be unconvinced, given the difficulties Ferragni is having in salvaging her reputation, still Fenice’s key asset.

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Estée Lauder names Dr. Matthew Walker as first-ever global sleep science advisor

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Estée Lauder has named Dr. Matthew Walker as the brand’s first-ever global sleep science advisor. 

Estée Lauder names Dr. Matthew Walker as first-ever global sleep science advisor. – Estée Lauder

The partnership is designed to enhance Estée Lauder’s ongoing research into the impact of sleep on skin health, leveraging Dr. Walker’s insights to inform the brand’s nighttime skincare research and innovation. 

“My mission is to educate as many people as possible on the fundamental importance of sleep for our overall health,” said Dr. Walker, an author, sleep scientist, and professor of neuroscience and psychology at the University of California, Berkeley. 

“I’m thrilled to partner with Estée Lauder, a brand that is grounded in science, to educate their consumers around the world on the impact of sleep on mind, body and skin.” 

In this role, Dr. Walker will be featured at internal and external events, press opportunities, and educational content across the brand’s channels. 

Likewise, Estée Lauder will serve as the exclusive beauty partner of Dr. Walker’s newly launched Global Sleep Education Foundation, which aims to tackle the global sleep-loss epidemic through free educational programs and support for breakthrough sleep science research.

“For more than 40 years, Estée Lauder has been pioneering research into night skin science, most recently focusing on the impact that poor sleep has on skin,” added Jennifer Palmer, senior vice president, global innovation development & science leadership, Estée Lauder. 

“By partnering with Dr. Walker, a renowned global sleep expert, we are able to deepen this understanding to inform how we engage, educate and inspire our consumers.”

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Gianvito Rossi opens new flagship boutique on Madison Avenue

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Italian luxury footwear brand Gianvito Rossi has unveiled its newly relocated flagship boutique in the heart of New York’s Madison Avenue.

Gianvito Rossi opens new flagship boutique on Madison Avenue. – Gianvito Rossi

Spanning two levels, the space opens with floor-to-ceiling windows that invite passersby to explore within. The boutique’s interior is enveloped in Gianvito Rossi’s distinctive Cipria pink hue.

Inspired by the brand’s Milan flagship while embracing New York’s dynamic energy, the space blends soft velvet, curvaceous design elements, ribbed surfaces, and marble niches.

The store features a curated display highlighting Gianvito Rossi’s signature styles, including the timeless Gianvito pump, alongside the latest Spring/Summer 2025 collection.

The Madison Avenue opening is part of Gianvito Rossi’s continued expansion in the United States, following recent boutique openings at South Coast Plaza, Miami Bal Harbour, Bloomingdale’s in New York, and Las Vegas’ Crystal Palace.

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Vivienne Westwood to host its first-ever fashion show in India on April 1

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Luxury fashion brand Vivienne Westwood will host its first-ever fashion show in India at the Gateway of India in Mumbai on April 1.

Vivienne Westwood to host its first-ever fashion show in India on April 1

The show will be organised in partnership with the Department of Textiles, Government of Maharashtra and Vivz Fashion School.

Vivienne Westwood will showcase a collection created with the natural hand-woven Indian silks and Khadi cottons and wool sourced from across India provided by Khadi India.

“Vivienne Westwood has long championed craftsmanship and heritage, using artisanal fabrics within their collections. Through working with and promoting artisans and small heritage production, Vivienne Westwood is proud to promote more environmentally sustainable forms of fabric production and support traditional skilled jobs and the communities around them,” said a statement from the brand.

The fabrics used for the collection have been sourced from various regions of India and created by Indian artisans using traditional techniques.

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