Only The Brave reaffirms its long-term commitment to China with three initiatives that underscore the importance of the Chinese market for the international fashion and luxury group, which brings together the brands Diesel, Jil Sander, Maison Margiela, Marni, Viktor&Rolf, and the companies Staff International and Brave Kid, and holds a stake in the Amiri brand. In addition, founder Renzo Rosso says he will invest further in China.
Renzo Rosso in Shanghai for Diesel’s 20 years in China – OTB
The first initiative is the official opening of its new APAC headquarters in Shanghai, a region where OTB now has 900 employees and around 100 stores, spread across China, Hong Kong, and Macao. Attending the inauguration ceremony, alongside the group’s founder, Renzo Rosso, were the Consul General of Italy in Shanghai Tiziana D’Angelo and Shanghai’s Jing’an District authorities.
The new headquarters boasts double the space of its previous address and is located in the Lee Gardens building. Nestled in the heart of the city’s Jing’an District, it overlooks the scenic Suzhou Creek. According to a statement, the location and expansion of the offices reflect the group’s desire to strengthen its roots in China, as well as to offer the team increasingly modern and functional workspaces and to consolidate relationships with local partners.
The second initiative during Renzo Rosso’s visit to China was a talk for students at Donghua University, one of Asia’s most prestigious design and fashion universities, organised under the patronage of the Consulate General of Italy, Camera Nazionale della Moda Italiana, Altagamma, the Italian Trade Agency, and the Italian Cultural Institute.
A moment from Rosso’s lecture at Donghua University – OTB
For its third initiative, as 2025 marks the 20th anniversary of Diesel’s presence in China, where the brand has built a recognisable and coherent presence, an event was organised at the Fosun Foundation in Shanghai. The highlight of the event was the launch of a capsule collection titled “Diesel China 20th Anniversary”, designed by Creative Director Glenn Martens.
“China is a country with a unique energy; every time I come back here I am fascinated by its pace, creativity and speed,” said Renzo Rosso. “For our group, China is not only a strategic market, but an inexhaustible source of inspiration. Over the past two decades, we have expanded the presence of our brands and built an authentic dialogue with new generations who share the values of our brands. Our philosophy is to collaborate with local communities to merge brand know-how with the local mindset. The opening of the new Shanghai headquarters, meeting with young talent at Donghua University, and the celebrations of Diesel’s 20th anniversary represent a special moment for me and for the OTB Group […] We will continue to invest in China in the future.”
Shortly before the evening event in Shanghai, Rosso told Reuters that these investments in China will be made by his group despite the decline in the local market, and will take the form of a reorganisation of OTB’s retail presence. The entrepreneur revealed that some stores will be closed, but others will be opened in new and better locations.
Rosso with staff at OTB Group’s new APAC headquarters in Shanghai – OTB
“I am optimistic. I think that if the Chinese market continues to proceed in this way, it could represent an opportunity, because we will be able to have better spaces at better prices, which wasn’t the case before,” Rosso told Reuters. “My current vision is to invest in the country. I believe in China; it’s so big, so important. We are doing well this year compared to the market,” he added. “Everyone is in decline; we have some growth, so we are quite satisfied.”
Over the years, the Veneto-based group has supported numerous initiatives and collaborations in China that have connected the creativity and values of its brands with designers, artists and local communities. Notable among these are the “Marni Miao” project, which celebrated the elegance and complexity of embroidery by reinterpreting the codes of the Miao minority through a contemporary lens, as well as the various capsule collections that Diesel has created in collaboration with Chinese designers such as Xander Zhou and Pronounce and celebrities such as William Chan and Chris Lee, along with events and music tours with local artists.
In addition, Maison Margiela has brought its experimental vision into dialogue with the country’s contemporary art and culture through new retail formats, pop-ups, installations and initiatives in different cities, while MM6 Maison Margiela has collaborated with designer Chen Peng.
Renzo Rosso – OTB
In addition, OTB has long supported the new generation of Chinese talent. Renzo Rosso has in fact served on the jury of the BoF China Prize in 2019 and supported the launch of the Yu Prize competition, providing mentorship and coaching to support and develop the country’s young designers.
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On Thursday December 12, the Paris commercial court decided on the future of French premium ready-to-wear retailer IKKS. At the end of a receivership procedure involving several purchasing bids for IKKS, the court has approved the offer by Santiago Cucci, who was named president of the group’s holding company HoldIKKS last year, and Michaël Benabou, co-founder of event sales site Veepee.
Inside an IKKS store – IKKS
The court’s decision has put an end to months of uncertainty for IKKS’s employees. According to figures drawn up by the receivers at the end of August, the group’s staff numbered 1,287 worldwide, 1,094 of them in France. At the time, the group had 473 stores between France and 11 other countries, plus headquarters in the town of Saint-Macaire-en-Mauges and offices in Paris.
IKKS gave a design make-over to its collections in summer, and in September it applied for receivership, after the group’s main shareholders, US investment funds Avenue Capital, CarVal Investors and Marathon Asset Management, expressed their wish to sell the company.
The IKKS group, which operates the eponymous brand as well as One Step and ICode, is still a leading international ready-to-wear retailer in the premium segment, operating several hundred retail outlets (between directly owned and franchised stores, and concessions) in nine countries. The path to new ownership has been complex, since the group was split in several entities, and none of the purchasing bids referred to the group as a whole.
The winning bid’s details
Cucci and Benabou have convinced the court after recently revising their bid upwards. Initially, the bid related to 141 stores, 88 of them directly owned, and 391 company employees.
The deal was clinched after the bid was extended to include 219 stores in France: 92 of them directly owned, 100 franchised, plus 27 Galeries Lafayette concessions. The employees associated to the directly owned stores are 546.
Benabou and Cucci, a former senior executive at Levi’s and a strategic advisor to G-Star, have taken over the IKKS business and are planning to operate a more streamlined store fleet. They will focus on womenswear and menswear, while childrenswear has been put on hold.
The dossiers given to prospective buyers indicated that the IKKS brand accounted for 80% of the group’s revenue, that 64% of its revenue was generated by womenswear, 21% by childrenswear, and 15% by menswear. When the company applied for receivership, direct retail accounted for 77% of revenue, e-commerce (both B2B and B2C) for 20%, and the remaining 3% was generated through the wholesale channel.
Rejected bids
The bid by sustainable fashion brand Faguo, which had been revised to include 15 stores and 30 jobs, was rejected. French group Beaumanoir (which owns womenswear brands Morgan and Caroll) had teamed up with Faguo, offering €1 million to buy the IKKS brand name and some of the stores.
Another rejected bid was put forward by Salih Halassi’s company Amoniss, a shareholder in Pimkie which recently acquired Christine Laure and Chevignon. It initially bid for a minimum of 168 stores and 393 employees.
BCRI Holding, which recently bought Café Coton, initially offered to buy 67 stores with a total of 426 employees. While AA Investments (owner of Smallable, L’Exception and Bonne Gueule) was interested in IKKS’s intangible assets. Verdoso, new owner of The Kooples, withdrew its bid before the November 28 hearing.
Since none of the bids related to the Icode and One Step brands, and to IKKS childrenswear, some of the latter’s stores in France have now closed. The new owners are therefore concentrating on the IKKS brand, out of a group fleet that had 550 stores as of the end of 2024, though streamlining measures started in H1 this year.
The brand’s employees are now hoping IKKS will be able to regain momentum as a recognised name in the premium ready-to-wear segment.
Galeries Lafayette Paris Haussmann welcomes Louis Vuitton‘s latest beauty offering. Under the department store’s famous dome, the house presents, for the first time, a 40 square-metre corner entirely dedicated to its new make-up line, La Beauté Louis Vuitton.
Corner La Beauté Louis Vuitton Galeries Lafayette Paris Haussmann – DR
Louis Vuitton is part of the LVMH group and remains one of the world’s most influential luxury brands, thanks to its expertise in leather goods, fashion, and fragrances. The Galeries Lafayette Haussmann department store, owned by the family-run Galeries Lafayette Group, attracts millions of visitors every year and serves as an important showcase for the world’s leading fashion houses. It is an exceptional setting chosen by Louis Vuitton to present its new beauty proposition.
The house unveils its very first make-up collection, conceived as a new chapter in its vision of the art of travel. The artistic direction of the collection has been entrusted to Dame Pat McGrath, a leading figure in global make-up artistry. She envisions beauty as a means of self-expression and an everyday way of life.
To accompany the launch, Louis Vuitton has created a unique space on the ground floor of Galeries Lafayette. The corner is surrounded by an openwork metal structure featuring the diamond motif associated with the House. The atmosphere blends wood, woven leather and champagne-coloured metal to create a distinctly luxurious setting. The corner offers a personalised experience thanks to a dedicated consultation area, where customers can discover the products, receive advice and enjoy a made-to-measure moment.
The collection comprises three main ranges: LV Rouge with 55 lipstick shades, LV Baume with 10 shades, and LV Ombres with eight eye palettes. Each creation prioritises performance and a powerful sensory experience. The products feature an exclusive olfactory signature created by Louis Vuitton Master Perfumer Jacques Cavallier Belletrud. The refillable cases, designed by Konstantin Grcic, echo the house’s historic codes, marrying elegance and durability.
The space also features an exclusive lipstick trunk that brings together all the shades.
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The historic outdoor event organised by Messe München ISPO took place in Bavaria for the final time, from November 30 to December 2. It gave ISPO the chance to present a final series of awards before its move to Amsterdam, where the trade show will be held from 2026.
ISPO Munich held its last edition at the end of 2025 – ISPO
This edition of the ISPO Awards was defined by three main criteria: circularity, multifunctionality, and technology. The winners were selected by an international jury and divided into several categories.
Comfortable, versatile products
In the Running/Trail Running category, gold went to The North Face for its Summit Vectiv™ Pro 3 shoe, recognised for its carbon plates, nitrogen-infused foam, and comfort. Completing the top five were Outopia (Vita Shell Jacket), Decathlon Kiprun (Kipnext shoe), Nedao (HexRise Active Running Long Sleeve T-shirt), and Mizuno (BreathDry Shell Jacket).
The latest generation of winners at the ISPO Awards in Munich was honoured – ISPO
The contest in the Mountaineering/Climbing category was won by Ohmega, Edelrid’s lightweight assisted-braking belay device. Its three-stage braking system, integrated pulley and suitability for all rope teams played an important role in this success. Edelrid and its Ohmega were followed by Blackyak with the Javari Suit, The North Face with the Summit 5050 AMK Hoodie, Mammut with the Crag Recycled Classic Rope, and Blackyak with the Watusi Light Suit.
Lightness, a key element in sports equipment
In the Hiking division, Rab’s Syclon XP 40 pack took top spot, thanks to its low weight, waterproofing and body-hugging Aerofit carrying system. Completing the top five were Kathmandu (XT Series Pack 40 backpack and Women’s XT Series Hybrid Octa Fleece Hooded Jacket), Rab again with its Mythic -6 down sleeping bag, and Simond with its MT900 ultralight backpack.
The award-winning products stood out for their durability, technical features and versatility – ISPO
Mammut’s Eiger Free Pro HS Bib Pants took first place in the Snow Sports category, thanks to their technical sophistication and durability. Helly Hansen (Sogn Patrol Shell jacket) and Elan (ACE GSX FX skis) completed the podium, followed by Pelliot with its The Limit Series One-Piece Down Coat.
Eco-responsibility, a must at the ISPO Awards
In the Lifestyle/Athleisure category, Impetus outpaced its rivals with the ImNatura T-shirt, recognised for its eco-friendly credentials. It finished ahead of Reima and its BugProof Hoodie Surista, Peak Performance and its R&D Helium Loop jacket, Bosideng and its 3-in-1 Smart Layering Kids Down Jacket, and Peak Design and its Roller Pro suitcase.
ISPO moves to Amsterdam in 2026 – ISPO
First prize in the Camping/Vanlife category went to Simond and its Single Wall Trekking Tent 2P UL Condensless, praised for its light weight and material efficiency. Simond was followed by Robens with the LightCore UL 3.1R Regular sleeping mat, Dometic with the Dometic CFX5 series cooler, Acebeam with the Keylight 500 torch, then Robens again with the Scoria Quilt UL +6°C Regular sleeping bag.
Versatile sports products are in vogue
Among the contenders in the Cycling/Commuting category, Bosideng took the gold award for the versatility and recycled materials used in its Circular Design Fashion and Functional Puffer jacket. Next came BBB Cycling with its BackStreet LED ERT helmet, Qiaodan with its Carbon Reduction Intelligent Wearable Luminous Riding Windbreaker, then Flectr with its Cargo Mate handlebar.
The new ISPO will now be organised by Messe München and Raccoon Media Group – ISPO
To bring this edition to a close, first prize in the Multisports category went to Helly Hansen for its Arctic Shield Pro Boot HT, whose technical capabilities won over the jury. The Norwegian brand finished ahead of Viking with its QuikGo GTX SL children’s shoe, Polartec with its AirCore x Montura Ritmo PTC AirCore Hooded Anorak, Acemate with its Tennis Robot, and EGGspander with its Your GYM ToGo! muscle-strengthening tool.
Future developments for the European Outdoor Group
This series of awards brought the last ISPO in Munich to a close, after fifty years in the Bavarian capital. The European Outdoor Group (EOG) took the opportunity to unveil the roadmap for its transformation programme, built around communications commitments (public relations, marketing, member recruitment) and events (ISPO, Outdoor Impact Summit and EOG Week) focused on environmental, social and regulatory issues.
EOG plans to increase its influence from 2026 onwards – ISPO
EOG’s future also lies in data management, according to its director, Christian Schneidermeier. The association will be developing its Outdoor Market Intelligence Service (OMIS) market analysis tool, implemented by Sporting Insights, and plans to roll it out in Germany this month and in France in early 2026, following a successful launch in the UK. For the time being, OMIS covers three million product references in its database, across 2,000 physical points of sale. According to EOG, the tool represents over €5 billion (2023–2025) in value and includes 1,000 brands represented.
EOG also plans to develop the Sustainability Data Exchange (SDEX) and a European retail directory, and to produce annual market reports, along with complementary projects. The aim is to make EOG a complementary player to ISPO, and to strengthen the European outdoor industry.
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