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Camera Nazionale della Moda Italiana submits its proposals for the 2026 Budget Law to the Italian Government

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October 29, 2025

The Camera Nazionale della Moda Italiana (CNMI) has published the proposals it has submitted to the Italian Government, as it does each year to coincide with the presentation of the Budget Law, designed to provide policymakers with concrete recommendations and practical solutions to support the entire Italian fashion supply chain.

Carlo Capasa, President of CNMI

 
“The fashion sector right now needs stability, vision and tools that reward those who innovate and create value in our country,” said Carlo Capasa, President of CNMI. “With these proposals to the government, the Camera Nazionale della Moda Italiana confirms its intention to work with institutions to secure for Made in Italy the future it deserves: strong, sustainable, and competitive.”

The 13 proposals set out a coherent medium- to long-term strategy to strengthen the competitiveness of Italian fashion, which currently faces numerous challenges that risk becoming entrenched.

Among the key measures, the document calls for the extension and strengthening of the tax credit for design and aesthetic development activities, together with renewed funding for Industry 4.0 digitalisation measures through the efficient reallocation of unspent resources under the Transition 5.0 Plan. On the skills front, CNMI urges incentives for the intergenerational transfer of artisanal know-how, the strengthening of corporate academies, and instruments that encourage lead companies to support manufacturing and craft businesses, which are the first to bear the brunt of the current difficulties.

On the internationalisation front, the proposals include a tax credit for exports to the US, affected by the new tariffs, and measures to support the expansion of Italian brands in Mexico and the Mercosur countries in the South American trade block. They also envisage the creation of a fund for the international dissemination of the values and image of fashion, intended to support activities promoted by CNMI, including Milan Fashion Week, which generates significant economic value and has positive effects on national tax revenues.

On sustainability and the protection of competition, CNMI proposes regulatory action to counter the expansion of ultra-fast fashion, through regulatory measures, eco-contributions, and mandatory environmental labelling. In addition, it calls for a tax credit to offset high energy costs in the first half of 2026 for companies that experience cost increases of more than 25% compared with pre-crisis levels.

Finally, the welfare and labour section calls for an update to the rules on fringe benefits, raising and stabilising them, with the aim of strengthening workers’ purchasing power and helping to improve the economic conditions of the families concerned.

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Cosmetics giant Unilever finalises business demerger

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December 5, 2025

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 elevates two SVPs to supply chain and customer exec roles

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December 5, 2025

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.

Burberry – Spring-Summer2026 – Womenswear – Royaume-Uni – Londres – ©Launchmetrics/spotlight

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
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
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”.

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Puneet Gupta steps into fine jewellery

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December 5, 2025

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
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.

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