A double surprise at Sunnei. First, a show that wasn’t a show. Then, an unexpected announcement two hours later. In a statement issued on Friday evening, Loris Messina and Simone Rizzo explained that they are leaving their mens- and womenswear ready-to-wear label.
“After ten years, we feel an urgent need to change form, but not direction. We will continue to work in the realm of creativity, with even greater freedom, radicalism and a desire to experiment,” they stated in a brief note.
Simone Rizzo with Loris Messina on his shoulders – ph DM
A few hours earlier, the duo behind Sunnei had taken the liberty of showing no looks at all to a room packed with guests. In place of a traditional runway show, they staged a larger-than-life auction in the middle of fashion week, in collaboration with Christie’s—a thinly veiled denunciation of the commodification of creativity.
Once everyone had taken their seats in what appeared to be an auditorium, with an antique wooden lectern bearing the name Christie’s in large gold letters at centre stage, a voice announced that what was about to unfold was not a fashion show but “an urgent act”. Attendants then handed out what looked like a catalogue listing the lots for sale, complete with descriptions and estimated prices.
The first surprise was that the only two lots presented were two enormous wooden crates. The first lot was described as “a testament to Made in Italy, imbued with creativity and a bold aesthetic”, while the second “is sold as a pair.”
“The work is characterised by a continuous dialogue between digital and physical reality, extending to multidisciplinary projects that blur the boundaries between fashion, design and aesthetic exploration.”
At this point, the models entered the room and took up positions behind two huge balustrades on either side, simulating bidders, phones pressed to their ears, while the auctioneer took his place at the lectern and launched the bidding. The first crate contained the Sunnei brand, founded in 2014 and known for its colourful, relaxed fashion with a highly graphic sensibility. The bidding quickly escalated, and the starting price, set at 6 million “fashion dollars”, soared to 112 million.
The second crate was carefully brought onto the stage by white-gloved movers equipped with electric screwdrivers. When they removed the lid, the two designers appeared—Loris perched on Simone’s shoulders. The starting bid was 17 fashion dollars. The lot went for 95 million to resounding applause. Once the sale was over, the models slipped backstage.
The auction staged by Sunnei – ph DM
Only Messina and Rizzo could have imagined such a scenario to bid farewell to their brand, carrying their demonstration to its logical conclusion at a time when marketing and storytelling prevail over the product, and a mercantile society dominates. As their statement of intent put it, “Fashion is finance, creativity is for sale.”
“More than ever, today’s industry is driven by hidden but powerful dynamics. This performance is not a direct critique, but a hyperbolic theatrical metaphor for this mechanism. The Sunnei auction is intended as both a disruptive artistic act and a conceptual statement—a visual, contradictory staging of the system, where the symbolic defies the concrete and where desire itself is called into question,” they said.
The image of designers selling themselves to the highest bidder is both telling and apt in the current context, where the big luxury groups appear ever more voracious and omnipresent on the global market, while young designers and small independent labels find it increasingly difficult to survive.
This is not the first time Sunnei has challenged the fashion world. Two years ago, the label invited the public to rate its show. Over the years, its presentations have become cult, each time attracting an audience of connoisseurs, blending immersive experiences with artistic performances.
The two designers were the first to stage a show atop the Pirelli skyscraper, beneath Milan’s ring road repainted white for the occasion, and at the bottom of a drained swimming pool. At times, they had their models sprint in a headlong race, launching them into the crowd in a jubilant, airborne glide. Most recently, they marked Sunnei’s tenth anniversary with an all-senior cast.
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The demerger of Unilever‘s ice cream division, to be named ‘The Magnum Ice Cream Company,’ which had been delayed in recent months by the US government shutdown, will finally go ahead on Saturday, the British group announced.
Reuters
Unilever said in a statement on Friday that the admission of the new entity’s shares to listing and trading in Amsterdam, London, and New York, as well as the commencement of trading… is expected to take place on Monday, December 8.
The longest federal government shutdown in US history, from October 1 to November 12, fully or partially affected many parts of the federal government, including the securities regulator, after weeks without an agreement between Donald Trump‘s Republicans and the Democratic opposition.
Unilever, which had previously aimed to complete the demerger by mid-November, warned in October that the US securities regulator (SEC) was “not in a position to declare effective” the registration of the new company’s shares. However, the group said it was “determined to implement in 2025” the separation of a division that also includes the Ben & Jerry’s and Cornetto brands, and which will have its primary listing in Amsterdam.
“The registration statement” for the shares in the US “became effective on Thursday, December 4,” Unilever said in its statement. Known for Dove soaps, Axe deodorants and Knorr soups, the group reported a slight decline in third-quarter sales at the end of October, but beat market expectations.
Under pressure from investors, including the activist fund Trian of US billionaire Nelson Peltz, to improve performance, the group last year unveiled a strategic plan to focus on 30 power brands. It then announced the demerger of its ice cream division and, to boost margins, launched a cost-saving plan involving 7,500 job cuts, nearly 6% of the workforce. Unilever’s shares on the London Stock Exchange were steady on Friday shortly after the market opened, at 4,429 pence.
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Burberry has named a new chief operating and supply chain officer as well as a new chief customer officer. They’re both key roles at the recovering luxury giant and both are being promoted from within.
Matteo Calonaci becomes chief operating and supply chain officer, moving from his role as senior vice-president of strategy and transformation at the firm.
In his new role, he’ll be oversee supply chain and planning, strategy and transformation, and data and analytics. He succeeds Klaus Bierbrauer, who’s currently Burberry supply chain and industrial officer. Bierbrauer will be leaving the company following its winter show and a transition period.
Matteo Calonaci – Burberry
Meanwhile, Johnattan Leon steps up as chief customer officer. He’s currently currently Burberry’s senior vice-president of commercial and chief of staff. In his new role he’ll be leading Burberry’s customer, client engagement, customer service and retail excellence teams, while also overseeing its digital, outlet and commercial operations.
Both Calonaci and Leon will join the executive committee, reporting to Company CEO Joshua Schulman.
JohnattanLeon – Burberry
Schulman said of the two execs that the appointments “reflect the exceptional talent and leadership we have at Burberry. Both Matteo and Johnattan have been instrumental in strengthening our focus on executional excellence and elevating our customer experience. Their deep understanding of our business, our people, and our customers gives me full confidence that their leadership will help drive [our strategy] Burberry Forward”.
Traditional and occasion wear designer Puneet Gupta has stepped into the world of fine jewellery with the launch of ‘Deco Luméaura,’ a collection designed to blend heritage and contemporary aesthetics while taking inspiration from the dramatic landscapes of Ladakh.
Hints of Ladakh’s heritage can be seen in this sculptural evening bag – Puneet Gupta
“For me, Deco Luméaura is an exploration of transformation- of material, of story, of self,” said Puneet Gupta in a press release. “True luxury isn’t perfect; it is intentional. Every piece is crafted to be lived with and passed on.”
The jewellery collection features cocktail rings, bangles, chokers, necklaces, and statement evening bags made in recycled brass and finished with 24 carat gold. The stones used have been kept natural to highlight their imperfect and unique forms and each piece in the collection has been hammered, polished, and engraved by hand.
An eclectic mix of jewels from the collection – Puneet Gupta
Designed to function as wearable art pieces, the colourful jewellery echoes the geometry of Art Deco while incorporating distinctly South Asian imagery such as camels, butterflies, and tassels. Gupta divides his time between his stores in Hyderabad and Delhi and aims to bring Indian artistry to a global audience while crafting a dialogue between designer and artisan.