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Elena Mirò: 40th-anniversary capsule collections, new store openings, and a focus on the Middle East

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October 16, 2025

New developments at Elena Mirò, the brand founded in 1985 and historically specialised in plus-size womenswear from the Miroglio Group, based in Alba, which is marking its 40th anniversary with a capsule collection that bridges its stylistic past and future, while preparing several mono-brand store openings in Italy and Lebanon and setting an overall focus on the Middle East in 2026 — without neglecting mature markets.

Elena Mirò, some garments from the “Rosso Mirò” capsule – E.P. – FashionNetwork.com

“We chose to concentrate the celebration of the brand’s 40th anniversary in this final part of the year, with an early rollout in stores in September, when the campaign created specifically to celebrate the brand’s values was launched,” Fabio Assecondi, brand director of Elena Mirò, explained to FashionNetwork.com.

“On October 16, we celebrated the anniversary in Milan with a VR-led event, which will also be rolled out in stores, bringing to life the interpretation we collectively agreed on within the company to honour these 40 years: a lifestyle capsule collection for AW 2025/26 called ‘Rosso Mirò’, featuring a rich palette with red taking centre stage.”

Red, the brand says, becomes the capsule’s defining code and signature hue, around which an evolving wardrobe takes shape — conceived as a bridge between Elena Mirò’s stylistic heritage and its future — built on sculpted silhouettes, innovative materials and couture details, with animalier accents translated into refined patterns and contrasts.

Elena Mirò, 'Always Myself' campaign for AW 2025/26, a collective manifesto that aims to overcome stereotypes and promote a vision of femininity that is free, authentic and self-aware
Elena Mirò, “Always Myself” campaign for AW 2025/26, a collective manifesto that aims to overcome stereotypes and promote a vision of femininity that is free, authentic and self-aware

Comprising around forty pieces in sizes 42 to 58 — as with the brand’s entire offer — the capsule spans multiple product categories to reflect the brand’s essence today, and is aligned with the pricing of Elena Mirò’s classic collections.

Italy continues to be the label’s primary market, but international markets now account for 40 per cent of revenue, a figure achieved fairly evenly across all channels.

“The Iberian Peninsula remains Mirò’s second-largest market, thanks to our presence there for 26 years and our collaboration with El Corte Inglés,” Assecondi said.

“We are consolidating European distribution. In fact, we have just reopened our two-level, 100-square-metre flagship in Paris after a major redesign. In France we operate six stores and three concessions, while in Germany we do not have direct distribution for now, but we work closely with Breuninger, which has become one of our key accounts outside Italy.”

Fabio Assecondi, Brand Director of Elena Mirò
Fabio Assecondi, Brand Director of Elena Mirò – Gruppo Miroglio

Also well positioned in Greece, the Piedmontese brand this year opened a mono-brand store in Tbilisi, the capital of Georgia, and will open two stores in Lebanon by the end of the year. “The Middle East will be our focus, thanks to the excellent fit with the brand’s style and with the customer profile in that part of the world,” the brand director assured.

“We are also considering further openings in Italy, where this year we have opened two new outlet stores, at Scalo Milano and Marcianise, and where the focus is on operational management and boosting performance. Online sales are delivering excellent results,” the executive continues, “up by 60 per cent last year, with a country breakdown very similar to the situation in physical retail, with Italy accounting for just under 60 per cent, followed by Germany, Spain and France, alongside many other active countries.”

“We have a very loyal client base, which we absolutely do not want to lose, but to grow we also need new customers, so having a broad size range is important, also in terms of image,” Assecondi explained.

“In 2022, post-pandemic — when the market was still well below pre-Covid levels — we recorded 30 per cent more new customers than in 2019; the following years also saw double-digit growth. Above all, when we look at who these new customers are, we find that what we call the ‘Size Extension’, namely sizes 46–52, is our core and must remain so. But it is equally interesting that 20 per cent of our new customers fall into sizes 42 and 44. If we then look at tourists, sizes 42 and 44 reach 35 per cent. In addition, retention rates are very high by market standards, at almost 50 per cent.”

Elena Mirò, some garments from the 'Rosso Mirò' capsule
Elena Mirò, some garments from the “Rosso Mirò” capsule – E.P. – FashionNetwork.com

The Miroglio group (about 4,000 employees including store staff; 400 in the business unit; around 70 at headquarters) recorded turnover of 588 million euros in 2024, up sharply from 530 million in 2023. Assecondi reports 8 per cent growth for Elena Mirò on a like-for-like basis across all direct channels, with the online channel now accounting for nearly 15 per cent of the brand’s direct sales.

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Kering announces ‘phased’ acquisition of jewellery components manufacturer Raselli Franco Group

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December 18, 2025

“This acquisition marks a strategic step for Kering and illustrates our ambition in the jewellery sector”: for his first acquisition at the helm of Kering, Luca de Meo, CEO of the French luxury group since September, has opted for an Italian player. On Thursday, the group announced the “phased” acquisition of Raselli Franco Group, an Italian company specialising in the manufacture of jewellery, with the aim of taking full ownership by 2032.

Kering to gradually increase its stake in the Raselli Franco Group – Raselli Franco

The first stage of this progressive acquisition will take place in 2026, in a transaction that values the company— a long-standing Kering partner based in Valenza, between Milan and Turin, with offices in Paris, the United States, Canada, China and Hong Kong— at around 575 million euros.

“The acquisition will be carried out in several stages, starting with an initial stake of 20% in the first quarter of 2026, for an amount of 115 million euros,” the group said in a statement, stressing that the agreement envisages full ownership by 2032.

“By securing essential production capacity for our jewellery business, this partnership will strengthen our value chain and accelerate the growth of our Houses,” said de Meo in the press release. Kering owns the Boucheron, Pomellato, DoDo and Qeelin jewellery brands.

Founded in 1969, Raselli Franco Group is internationally recognised for its expertise and capacity for innovation in jewellery prototyping and manufacturing, according to Kering.

The company spans the entire value chain, from sourcing raw materials and precious stones to research and development, design, component creation, assembly and quality control, the luxury group said.

In the first nine months of the year, Kering’s sales fell by 14% to 11 billion euros, but in the third quarter, the jewellery brands posted “very solid momentum, with double-digit revenue growth”, the group said when presenting its results. The segment recorded double-digit growth, with Boucheron cited as the growth driver, performing particularly well in the United States and Asia-Pacific. As for Pomellato and Qeelin, commentary was positive on the development of both brands.

With AFP

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OVS sees sales rise 6% in the first nine months, EBITDA up 9.4%

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December 18, 2025

In the nine months from February 1 to October 31, 2025, OVS Spa reported net sales of 1,244.7 million euros, up 5.8% on the first nine months of 2024. Pro-forma growth, excluding Goldenpoint’s contribution, was 2.9%, four percentage points ahead of the market.

Stefano Beraldo, OVS Group CEO

By sales channel, direct store sales totalled 1,004 million euros (+7.6% versus 2024; pro-forma growth +4.0%). The franchising and B2B channel posted revenues of 241 million euros, down 0.9% year on year due to lower sales to off-price marketplaces, while business with franchise partners edged up slightly.

During the period, adjusted EBITDA reached 152.3 million euros, up 17.1 million on the same period of 2024, with a positive contribution from Goldenpoint. Breaking this down, OVS’s EBITDA rose by 11.6 million to 122.8 million euros; Upim‘s EBITDA was 30.5 million, compared with 29.3 million last year; and Stefanel‘s EBITDA increased by around 2 million euros.

The third quarter confirmed the group’s positive momentum, with net sales of 452 million euros (+9%; +4.1% excluding Goldenpoint). Adjusted EBITDA was 50.6 million euros, up 9.4%.

“The growth in the third quarter was particularly significant given the challenging basis for comparison with the same period last year, which recorded an exceptional +13%. (…) This performance reflects the effectiveness of the strategic choices made, particularly in the womenswear segment, with an assortment structured around collections with distinct and complementary identities. The Piombo, Les Copains, and B.Angel collections are therefore delivering significantly better sales per square metre than the rest of the range. The beauty segment also continued to deliver excellent results, with double-digit growth,” commented CEO Stefano Beraldo.

“In terms of performance by banner, the strongest growth was achieved by OVS, while Upim consolidated the exceptional +8% posted in the first nine months of 2024. Stefanel also performed very well, with like-for-like growth of around 10% in the quarter. Finally, our approach to managing Goldenpoint is beginning to deliver its first results: overall sales are up by around 10% on the comparable period, driven by the success of the product categories developed by our design studios,” he said. 

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Puma secures more than €600 million in additional financing facilities

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December 18, 2025

Sportswear business Puma has secured additional financing of more than €600 million. It comprises a €500 million facility and a further €108 million in committed credit lines, according to a statement on Thursday. The aim is to reduce utilisation of the existing €1.2 billion revolving credit facility while increasing the company’s financial flexibility.

Reuters

The new €500 million facility is fully guaranteed by Santander Corporate & Investment Banking (Santander CIB). Both new financing instruments have maturities of up to two years.

Markus Neubrand, CFO of Puma SE, said: “While our existing syndicated credit facility and promissory notes remain available, today’s announcement will enhance our financial flexibility as we work to finalise our long-term financing structure. The fact that our banking partners have further expanded their commitment and business relationship underlines the confidence in our future business model and strategic direction. This will enable us to realise our strategic priorities and our goal of establishing Puma as a top-three sports brand worldwide.”

FashionNetwork.com with dpa

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