Connect with us

Fashion

Kering buys stakes in Italian eyewear manufacturers Visard, Mistral

Published

5 days ago

on


By

Reuters

Published



April 3, 2025

Gucci owner Kering said on Thursday its high-end eyewear division had signed an agreement to acquire the entire share capital of Italian manufacturer Visard and a minority stake in another Italian company Mistral.

Reuters

The transaction is expected to go through in the third quarter of 2025, Kering said, without giving any financial details.

It could complete a full acquisition of Mistral in 2030, it added.

© Thomson Reuters 2025 All rights reserved.



Source link

Related Topics:
Continue Reading

Fashion

Italian RTW label Velasca plans 37 new openings worldwide by 2028

Published

18 minutes ago

on

April 8, 2025

By


Translated by

Nicola Mira

Published



April 8, 2025

Driven by 9% revenue growth in fiscal 2024 to €23.5 million, Italian footwear and ready-to-wear label Velasca, founded in 2013 by Enrico Casati and Jacopo Sebastio, is stepping up the pace of its retail expansion. Velasca’s plan is to open 37 new stores by 2028, in Europe and beyond.

Jacopo Sebastio (left) and Enrico Casati

 
The label already operates stores in Milan, Rome, Turin, Bologna, Florence, Brescia, Naples, Palermo, Verona, Padua, as well as in Paris and London. A few weeks ago, it opened its first bottega (artisanal shop) in Copenhagen, and another in New York, on Madison Avenue.
 
By April, Velasca will grow its monobrand fleet to 30 addresses, by opening two more stores in Paris, and by entering the German market with a first store in Munich. Outside Italy, Velasca is mulling a second opening in London, while the opening of a store in Forte dei Marmi, Italy, is scheduled in two weeks.
 

The Velasca ‘bottega’ in Verona
The Velasca ‘bottega’ in Verona

“International expansion and the consolidation of our presence in Italy are key elements in our overall growth strategy, which is based on an omni-channel model featuring a careful balance between physical and digital retail. Thanks to the rapid growth of our online channels, we’re able to identify high-potential markets very early on, so that we can make quick decisions in terms of new retail openings,” said Sebastio and Casati. “Our goal is to stay close to our community by offering a quality experience tailored to their needs, immersing them in Velasca’s world and values,” they added.

Thanks to these new projects, Velasca is targeting revenue of €27.5 million for fiscal 2025.

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Fashion

Kering Beauty names Nathalie Berger-Duquene CEO of Creed

Published

51 minutes ago

on

April 8, 2025

By


Translated by

Nicola Mira

Published



April 8, 2025

Kering Beauty has appointed former Estée Lauder executive Nathalie Berger-Duquene to the post of CEO of Creed, the Franco-English fragrance brand acquired by the French luxury group in 2023. Berger-Duquene will take office on May 6, succeeding Sarah Rotheram, who left Kering in October 2024.
 

Nathalie Berger-Duquene – Kering Beauté

Berger-Duquene has been active in the beauty industry for more than 25 years, developing a number of perfume brands. After starting her career at LVMH-owned Guerlain, she joined the L’Oréal group in 2005, where she held various senior positions, including head of international make-up marketing at Lancôme, and managing director for the Armani and designer brands division.

In 2019, she joined US cosmetics group Estée Lauder as managing director EMEA for Tom Ford Beauty and Kilian Paris. She was then appointed senior vice-president of Tom Ford Beauty, overseeing marketing, communication and the online business worldwide. In 2022, Berger-Duquene was named global general manager of Balmain Beauty, still part of Estée Lauder.

At Kering Beauty, the luxury giant’s division created in early 2023 to accelerate the cosmetics market growth of the Bottega Veneta, Balenciaga, Alexander McQueen and Pomellato labels, Berger-Duquene will report to Raffaella Cornaggia, who oversees the division. She has also joined Kering Beauty’s executive committee, and will be based in London.

The Creed brand was founded in 1760 by James Henry Creed. In 2023, it recorded revenue of approximately €250 million, and is sold via some 40 monobrand stores and 1,400 multibrand retailers.

At the end of June 2023, Kering signed an agreement to buy a 100% stake in Creed. The value of the operation was not disclosed, but in July the Financial Times mentioned the sum of €3.5 billion.

In 2024, Kering generated revenue of €17.19 billion. The Kering Eyewear & Corporate division, which now includes Kering Beauty, reported revenue of €1.9 billion, up 24%.
 

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Fashion

Easter spend to hit £2.3 billion in UK says GlobalData

Published

10 hours ago

on

April 8, 2025

By


With Christmas, Valentine’s, Mother’s Day and Eid al-Fitr now in (or almost in) the rearview mirror, the next big spending season in the UK is Easter and GlobalData believes Britain will spend £2.3 billion on celebrating it this year.

Photo: Pexels

That’s based on its research that shows over 40% of UK Easter shoppers have reported that they intend to spend more this year. And with Easter falling on 20 April, three weeks later than last year, retailers should prepare for more outdoor celebrations than last year, even though it looks like the current spell of sunny weather might not last into the four-day weekend.

The analytics company said shoppers are planning to spend an average of £124.75, which is £12.35 more than last year. Food & drink and gifting are expected to dominate spending, accounting for over 70% of shoppers’ Easter budgets. 

Unfortunately, it didn’t break down its prediction for gifting spend. But it said that purchases of luxury Easter eggs will boost gifting sales, with 46% of Easter gifting shoppers planning to buy these items this year.

Aliyah Siddika, associate retail analyst at at GlobalData, said the appeal of luxury Easter eggs really does seem to be growing and called out M&S as one retailer making the most of them.

And of course, one key point to remember is that such items tend to be bought in-store more than online and getting consumers into shops is the battle almost won when it comes to getting them to look at other products on offer.

Copyright © 2025 FashionNetwork.com All rights reserved.



Source link

Continue Reading

Trending

Copyright © Miami Select.