Following the relaunch of its fragrance and eyewear lines in early 2025, Borsalino is expanding into leather goods. The Italian milliner will develop a line of high-end bags and accessories through a partnership with the Ticino-based manufacturer Gamat, whose clients include Giorgio Armani, Dsquared2 and Off-White.
Mauro Baglietto has been at the helm of the Italian label since 2020 – Borsalino
The Italian label, acquired in 2018 by Haeres Equita — the investment fund led by Philippe Camperio — has previously developed small leather goods under its own name. However, this is the first time it has offered a fully fledged line of products. As general manager Mauro Baglietto notes: “With this new leather goods licence, Borsalino is writing a new chapter in its history.”
This five-year licence agreement covers the design, production and distribution of the new line of bags and accessories. The first collection is set to debut for Autumn/Winter 2026–2027. The first models will be unveiled at the forthcoming Milan Fashion Week.
The sales campaign will launch in November, with products reaching the market in September 2026 through the 17 Borsalino boutiques, a selection of multi-brand stores, international department stores, and the brand’s e-commerce site.
“Co-designed with Gamat, this leather accessories collection aims to enrich customers’ wardrobes with pieces to accompany them on their travels or in everyday life, without compromising on style and functionality,” the house said in a statement, adding that each piece will offer the same quality as Borsalino’s famous felt hats.
Founded in 1998 by Alessandro Mazzucchelli in Chiasso, Switzerland, Gamat produces more than 700,000 leather items annually, including bags and accessories for brands positioned in the mid- to high-end segment. With approximately 50 clients worldwide, the company provides integrated management across Europe and Asia for each project, encompassing everything from raw material selection to prototyping and production, as well as quality control.
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Louis Vuitton has named Grammy Award–winning artist Future as its newest ambassador, deepening the maison’s ongoing commitment to celebrating talent across cultural landscapes.
Louis Vuitton names Future as its newest ambassador. – Louis Vuitton
The Atlanta-born rapper, producer and composer continues to dominate the global music landscape. Most recently, he released back-to-back chart-topping albums, “We Don’t Trust You” and “We Still Don’t Trust You”, which became an international phenomenon and further cemented Future’s status as a cultural trailblazer. Over the course of his career, Future has earned 11 number-one albums and multiple chart-leading singles.
“Future embodies the core values of Louis Vuitton, including creativity, artistry, and a pioneering spirit that resonates with international audiences,” the maison said in a statement. “His unique style and creative vision make him an invaluable addition to the Louis Vuitton family.”
It’s not the first time Future collaborates with Louis Vuitton. He attended Louis Vuitton’s Men’s Spring–Summer 2026 show in Paris at the invitation of Pharrell Williams, a longtime friend and creative collaborator. Earlier this year, Future also appeared at the 2025 Met Gala, themed “Superfine: Tailoring Black Style,” wearing a custom Louis Vuitton grey quarter-zip ensemble layered with a tie, designed by Williams.
Rent the Runway announced on Monday sales for the third quarter rose 15.4% to $87.6 million, with the U.S. rental platform clocking growth across its subscriber base.
Rent the Runway
The New York-based firm said ending active subscribers grew 12.4% to 148,916 during the three months, and average active subscribers totalled 147,645, up 12.9% on the prior-year period.
Meanwhile, total subscriber numbers lifted 6.1% to 185,166 during the quarter ending October 31.
In line with strong sales growth, the company reported a net income of $76.5 million, as compared to a loss of $18.9 million in the third quarter last year.
“This year we’ve repositioned ourselves for sustained growth in the category,” said Jennifer Hyman, co-founder and CEO of Rent the Runway.
“Not only did we execute operationally on our stated goals to return to our customer-obsessed origins, reinvigorate our brand, and drive double-digit growth in subscribers; but we also restructured our balance sheet, closing the recapitalization transactions in October that offer improved financial flexibility to better position us for continued growth.”
Earlier this year, Rent the Runway said it will hand over a controlling stake in the company as part of a plan to cut debt and grow.
The deal, with lender Aranda Principal Strategies and other partners, will wipe more than $240 million of debt from Rent the Runway’s balance sheet, according to an emailed statement released in August.
Looking ahead, Rent the Runway said it forecasts revenue of between $323.1 million and $325.1 million for the full-year.
Elisabetta Caldera, 55, has been named global chief people and organization officer for Chanel Ltd., succeeding Claire Isnard, 64, starting next month, the company told Bloomberg News in a statement.
Isnard is retiring after more than 17 years at the group, which had a workforce of around 38,400 employees last year. Caldera will join Chanel’s leadership team, reporting to Chief Executive Officer Leena Nair, and be based in London.
Caldera spent more than four years as global chief human resources officer at Aegon Ltd. where she was also part of the insurer’s executive committee. The Italian executive previously spent 17 years at Vodafone Group Plc in various HR roles until 2021 when she joined Aegon.
Under CEO Nair, the former head of HR at Unilever Plc, Chanel has been rebuilding the roster of top managers at the company as an older guard retires.
Chanel, known for its No. 5 fragrance, is privately owned by the billionaire brothers Alain and Gerard Wertheimer whose fortunes are estimated at about $43 billion each, according to the Bloomberg Billionaires Index.
The company, founded in Paris but headquartered in London, reports its financial performance once a year, generally around late May. Revenue fell 4.3% to $18.7 billion in 2024 on a comparative basis with operating profit sliding by almost a third partly due to heavy advertising spending and a rise in hiring.