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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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Bartolomeo Rongone to leave Bottega Veneta for Moncler

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January 20, 2026

In another change to Kering’s organisational structure: the group has announced that Bartolomeo Rongone, CEO of Bottega Veneta, will leave the group on March 31, 2026 to pursue new career opportunities.

Bartolomeo Rongone and Remo Ruffini
Bartolomeo Rongone and Remo Ruffini – Moncler

The executive will step down from his role at Bottega Veneta on March 31, 2026, and will be appointed CEO of the Moncler Group with effect from April 1, 2026.

Under the Moncler Group’s new organisational set-up, Remo Ruffini will serve as executive chairman, retaining responsibility for creative direction and continuing to play a central role in governance and in shaping the group’s strategic direction.

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Puma to supply F1 champions McLaren with motor racing kit in global deal

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January 20, 2026

Puma will supply team kit to Formula One champions McLaren this season in a multi-year global deal that also covers activities in ⁠IndyCar, World Endurance from 2027, virtual racing, and the ⁠all-female F1 Academy series. No financial details were given.

Formula One F1 – Abu Dhabi Grand Prix – Yas Marina Circuit, Abu Dhabi, United Arab Emirates – December 7, 2025 McLaren’s Lando Norris celebrates after becoming the 2025 Formula One World Champion – REUTERS/Jakub Porzycki

“Our sport is in ‍incredible ‌shape, and it’s been fantastic to ⁠see an ‌influx of major fashion ‌and lifestyle brands who are looking for deep and meaningful ways to engage with our growing global ‍fanbase,” said McLaren Racing CEO Zak Brown.

McLaren previously had a ‌deal ⁠with ​Castore, with some media ⁠reports ​suggesting that was worth 30 million pounds ($40.41 million) a year.

Puma ​also equip Ferrari and Aston Martin. Williams have meanwhile ⁠switched to ⁠US lifestyle brand New Era.

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Estee Lauder sued by beauty tech startup for alleged theft

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January 20, 2026

Estee Lauder was sued by a self-described “disruptive” startup that accused the cosmetics giant of effectively putting it out of business by stealing technology to boost sales from jet-setting travellers in hotels.

Nomi has accused Estee Lauder of stealing its technology – Bloomberg

In a complaint filed on Friday night in Manhattan ⁠federal court, Nomi Beauty said Estee Lauder has been “driving literally billions in new revenue” to itself after abandoning contracts ⁠in 2018 and 2020, including means to determine consumers’ actual preferences for cosmetics instead of their stated preferences.

Nomi- the name is a homophone for “know me,” as in the customer- ‍said its “secret ‌sauce” was intended to help the parent of Clinique and MAC lipstick ⁠generate more revenue from luxury ‌hotel duty-free shops and in-room purchases, and become less dependent ‌on traditional retail stores. Rather than honour its contracts or follow through on discussions to purchase Nomi outright, Estee Lauder allegedly starved Nomi’s hotel partners of products, while rolling out competing programs in China, Costa Rica, ‍Malaysia, the UK and the US.

These programs “rely on the very same trade secrets Nomi had been educating Lauder about for years,” the ‌complaint said. Nomi ⁠is ​seeking unspecified compensatory, punitive, and triple damages. Estee Lauder did ⁠not immediately ​respond to requests for comment.

“Nomi’s stolen innovations brought Estee Lauder into the information age, and Estee Lauder continues to profit from them wildly,” Nomi’s ​lawyer Matthew Schwartz said in an email. Both companies are based in New York.

Since last February, Estee Lauder has ⁠pursued a “Beauty Reimagined” strategy, including prestige ⁠launches and a streamlining of its supply chain, to revive sliding sales. The strategy also called for up to 7,000 job cuts.

© Thomson Reuters 2026 All rights reserved.



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