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Bulgari appoints Laura Burdese as new CEO

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December 18, 2025

Bulgari has named Laura Burdese, a 10-year veteran of LVMH, to be the famed jewellery brand’s CEO, though her appointment is only effective from July 1, 2026. Burdese succeeds Jean-Christophe Babin and will report to Stéphane Bianchi. 

Laura Burdese is Bulgari’s new CEO – Bulgari

 
“I am very proud of this smooth transition from one great leader to another. For the past three years, Laura and Jean- Christophe have worked side by side to sustain and orchestrate the brand elevation of the iconic Roman jewellery Maison. The nomination of Laura, while opening a new chapter for Bulgari, is a tribute to her strong contribution and accomplishments,” said Stéphane Bianchi, LVMH group managing director and CEO of LVMH watches and jewellery, in a release. 
 
Burdese began her career in the LVMH Group as CEO for Acqua di Parma, before joining Bulgari in 2022 as chief marketing officer. After leading the brand transformation and elevation over recent years, she was promoted to deputy CEO in July 2024. 

“Jean-Christophe has shaped the success of TAG Heuer and Bulgari while creating unique paths within their respective industries. I am confident that in his new missions, he will bring the same energy and keep on supporting LVMH and its maisons thanks to his extraordinary vision,” Bianchi added in a release.
 
Babin will step down as CEO of Bulgari after more than 25 years in the giant luxury group, first at TAG Heuer and then at Bulgari. Under his leadership, the maison underwent a profound transformation, reclaiming its unique position as the quintessential Roman high jeweller. He also spearheaded Bulgari’s advancements in watchmaking and expanded Bulgari into the luxury hospitality industry with new hotels in major global cities. 
 
Babin also demonstrated a strong commitment to Italian craftsmanship, evidenced by the inauguration of a new factory extension in Valenza and the launch of the Scuola Bulgari. Babin will continue to serve as chairman of the Bulgari Board, CEO of the Bulgari Hotel Business Unit, and president of the Bulgari Foundation. He will also report to Bianchi.
 
Burdese started her career in the beauty industry, holding brand management positions at Beiersdorf and L’Oréal. In 1999, she joined the Swatch Group as marketing director Italy, before doing management stints at Klein Watch and Jewelry and Swatch Group’s Italian subsidiary. In addition to this role in 2012, she was named president and CEO of Calvin Klein Watch & Jewelry Co. Ltd. 
 
In October 2016, she joined LVMH as president and CEO of Acqua di Parma. In 2022, Burdese was appointed vice president of marketing and communications at Bulgari, before being appointed deputy CEO in 2024. She holds a degree in International Economics from the University of Trieste and a Master’s degree in Marketing and Communication. 
 
 

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Zurich-based Skincode opens a pop-up in Portugal showcasing medical-grade dermocosmetics

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December 19, 2025

Zurich-based Skincode AG- renowned for its 100% vegan, cruelty-free and paraben-free medical skincare products- has just opened its first pop-up in Vila Nova de Gaia. The launch took place on Wednesday, December 17, inside Farmácia Gaia Jardim, located in the Gaia Jardim Shopping Centre, specifically at 399 Avenida dos Escultores. The initiative marks a strengthening of Skincode’s physical presence in Portugal.

@skincode_portugal / Instagram

According to a statement issued by AICEP, the pop-up was entirely designed, produced and installed by the Portuguese company Decorpublic, based in Famões, Odivelas, which specialises in point-of-sale (POS) marketing and advertising decor solutions.

The statement also notes that the design of this debut pop-up store is intended to reflect the brand’s Swiss tradition, combining precision and purity with scientific excellence. It adds that, in creating the space, Decorpublic combined high-gloss lacquer finishes, crisp white surfaces, integrated lighting, and backlit displays. Decorpublic also states that the result captures Skincode’s clinically tested approach to dermocosmetics.

@skincode_portugal / Instagram

Skincode’s CEO and founder, Prinz Niclas Massalsky, said, “A big thank you to Farmácia Gaia Jardim for the honour of a fantastic collaboration, and to Decorpublic for producing and installing this impressive display/retail unit.” He said in another statement, “We couldn’t be happier and prouder.”

The Swiss dermocosmetics brand, headquartered in Zurich, is present in Portugal through pharmaceutical distribution channels and strategic physical points of sale. The Essentials (sensitive skin) and Exclusive (cellular anti-ageing) ranges can be found in pharmacies and parapharmacies such as Farmácia Triunfo, as well as through distribution networks such as Pharmashop. They are also available online in stores including Care to Beauty, Makeupstore.pt, and BeautyTheShop.

@skincode_portugal / Instagram

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Rams Global, Swinger International, and SRI Group acquire minority stake in Etro

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December 19, 2025

Iconic Italian luxury lifestyle brand Etro is entering a new phase of development. A consortium of industrial investors comprising Rams Global, Mathias Facchini (Swinger International), and banker Giulio Gallazzi (through SRI Group) has acquired the minority stake previously held by the Etro family. L Catterton remains the majority shareholder and will continue to actively support the brand’s long-term growth strategy.

Etro’s new investor consortium

The transaction is intended to strengthen Etro’s industrial and strategic capabilities, while underscoring strong external confidence in the brand’s positioning and future potential. Financial terms were not disclosed. However, the implied valuation exceeds that of L Catterton’s original investment, confirming the value created since it came on board.

Through their respective platforms, Rams Global, Facchini, and Gallazzi chose to invest in Etro after identifying significant untapped potential in both existing and new markets. These partners will contribute industry expertise, networks, and industrial know-how to support the next phase of international expansion and category development.

The current CEO, Fabrizio Cardinali, will remain a central figure in the company’s future, continuing to lead the execution of the strategic plan with the new investors. Faruk Bülbül, representing Rams Global, will be appointed chairman of the Board of
Directors and will work closely with the CEO and shareholders to support the next phase of growth.

Etro SS26
Etro SS26

Rams Global has over 36 years of experience across 11 business areas, from luxury residences to hospitality and gastronomy, with an established international presence in numerous countries and major global cities.

Swinger International S.p.A. is an Italian fashion group specialising in apparel, footwear, bags, and accessories in the ready-to-wear and contemporary segments. The company manages its own brands, including the women’s ready-to-wear label Genny, as well as licensed collaborations with leading international fashion houses.

Giulio Gallazzi is president & CEO of SRI Group, a private equity investor focused on SMEs. He has extensive experience in international business development, corporate finance, and corporate governance. Under his leadership, SRI Group has completed several strategic acquisitions and has become one of the main shareholders of the Banca del Fucino Group.

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November’s UK retail sales disappoint as official figures are released

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December 19, 2025

Black Friday and all the discounts in the period leading up to it are supposed to boost retail sales, right? Well, not so much in the UK as official statistics on Friday showed that volume-wise, they actually fell by 0.1% in November ‍from ‌October. Analysts had expected ‌sales to rise by 0.4% month-on-month.

Reuters

Coming after they’d already fallen (again, month-on-month) in October by 0.9%, it wasn’t good news. The month also saw sales volumes fall as shoppers pulled back from online shopping specifically.

The Office for National Statistics figures aren’t as useful as they used to be — they frequently get revised up or down and the headline doesn’t include a value-based percentage anymore. Plus it focuses mainly on quarterly readings as it says monthly ones are too volatile.

Confused? Let’s try to make it clearer. As mentioned, sales volumes dipped marginally month-on-month despite understandable expectations of a Black Friday-driven rise.

Volumes rose 0.6% in the quarter up to and including November compared to the previous quarter (the three months to August). And the quarter was up 0.7% compared to same period in 2024.

Volumes were also down by 3% compared with their pre-Covid pandemic level in February 2020.

We’re told that clothing stores maintained a strong three-monthly performance.

Online retail grabbed a bigger share of overall sales but the numbers still dipped. The ONS said non-store retailing was down 2.9% for the month and 0.8% for the three months.

Jonathan Moyes, Head of Investment Research at Wealth Club, called it “another grim reading on the health of the UK economy. The credit for these numbers will surely go to the Chancellor, who spent much of the month running what little confidence the UK consumer had into the ground. Clearly consumers are hurting and higher taxes will only make matters worse, potentially hampering economic growth and risking an economic doom loop”.

And Jacqui Baker, head of retail at RSM UK and chair of ICAEW’s Retail Group, added: “Speculation around potential tax hikes and the wettest weather seen this year dampened retail sales in November. The drop in sales compounded a bleak start to the all-important Golden Quarter, not even Black Friday deals could entice shoppers to splurge ahead of Christmas, with the biggest fall in online.”

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