Saint Laurent, Fendi, Celine, Valentino, Dries Van Noten, Alberta Ferretti, Plan C, JW Anderson ans Ports 1961: Here’s a non-exhaustive list of the prestigious openings slated for Milan Fashion Week, which kicks off on Tuesday, September 23. These successive inaugurations are reshaping the luxury landscape at the heart of the Lombardy capital, in the famous Quadrilatero della Moda and its surrounding streets, bringing high-end brands together. The momentum attests to the renewed dynamism of the upmarket industry, signalling a clear bet on a sector rebound.
Dries Van Noten
Dries Van Noten opens its first boutique in Milan – ph Tijs Vervecken
Dries Van Noten arrives in Milan, establishing its very first address in the fashionable Brera district, at 11 Via Brera, a historic cobbled lane in the city centre. It follows the “Gallery” format, already unveiled in Paris and Brussels: a 50-square-metre jewel box devoted to fragrance, beauty and accessories.
With its vaulted ceilings, stone walls and patina, the store preserves the spirit of the 19th-century palazzo that houses it, while exuding a chic, discreet atmosphere conducive to discovery. Notable design pieces decorating the space include a splendid Venini glass chandelier from the 1970s and a Silvio Berrone desk from the 1950s.
Saint Laurent
The Kering house gets a makeover in Milan – Saint Laurent
Standing across three floors at 8 Via Montenapoleone, Saint Laurent’s new flagship does not go unnoticed. The boutique has undergone a complete transformation and expansion, almost doubling in size (nearly 1,300 square metres). It unveils, for the first time in Italy, the new store concept devised by creative director Anthony Vaccarello, “while paying homage to Italian craftsmanship and innovative design.”
Marble, ceramics, bronze mouldings and eucalyptus wood are among the precious materials used to create an atmosphere that is both glamorous and contemporary. Works of art, furniture and other design pieces by Gio Ponti, Carlo Scarpa, Osvaldo Borsani, Marco Zanuso, Aldo Tura, Gaetano Pesce and Vincenzo de Cotiis, among others, are dispersed throughout the space, as in a chic Milanese apartment.
Valentino
The Roman house’s boutique stretches along Via Montenapoleone – Valentino
A little further along, at 20 Via Montenapoleone, Valentino’s historic address—which first opened in 1969—reopened in early September after a thorough makeover. Entirely clad in white with contrasting black details, the contemporary store spans three levels and 1,170 square metres. Large green velvet sofas, Art Deco lighting and brass furnishings add a glamorous touch, reflecting the eclectic aesthetic of the house’s creative director, Alessandro Michele.
The boutique is arranged around two distinct entrances, leading respectively to the womenswear and menswear areas, with women’s ready-to-wear, shoes, bags, small leather goods, eyewear and beauty products on one side, and menswear with all accessories on the other.
JW Anderson
In the neighbouring street, Via Sant’Andrea at number 16, JW Anderson is also preparing to unveil its new look. Inaugurated in May 2023, Irish designer Jonathan Anderson’s jewel-box boutique is undergoing a metamorphosis that mirrors the transformation imposed on his own house since his appointment as artistic director of Christian Dior for men and women.
The idea now is to offer a lifestyle proposition, featuring everything from knitwear to designer chairs and ceramic objects, with an emphasis on craftsmanship. The label’s new stores, like the one recently unveiled in London, are being transformed into true cabinets of curiosities.
Plan C
The “Plan C Frame” modular reading space – Plan C
Launched in 2018 by Carolina Castiglioni after thirteen years at Marni (the house founded by her mother Consuelo Castiglioni), Italian ready-to-wear label Plan C opens its very first boutique, on Via Manzoni, at number 21. With its timeless, design-led fashion and distinctive details, the luxury designer label, which in just a few years has won over some twenty leading multi-brand stores worldwide, including La Samaritaine and Merci in Paris, is shifting up a gear.
Called “Plan C Frame“, the 380-square-metre store, with its geometric forms and lively palette, was conceived by the designer, together with the April platform and architecture practice (AB)Normal, as a concept store organised around differently coloured zones to accommodate a variety of worlds.
For example, a pale-green jewel-box pop-up showcases Aliita jewellery by Venezuelan-Dutch designer Cynthia Vilchez, who is celebrating the 10th anniversary of her brand, while the large central red spiral staircase leading to the basement level, designed in tiers to host talks, has been transformed into a large bookshop and magazine kiosk.
“It’s a lively, dynamic, interesting modular space, in the image of Plan C. The idea is to host various brands, designers and categories, which will rotate regularly,” explained Castiglioni.
“This boutique represents an important step for us. This investment is intended to make us better known to the general public and to increase our audience.”
Fendi and Celine, with Christian Dior to follow
After last spring’s grand unveilings of impressive new concepts by Bulgari, Louis Vuitton and Tiffany & Co., still on the famous Via Montenapoleone, LVMH is rolling out a series of eagerly awaited openings this season. Starting with Fendi, which is inaugurating its Palazzo Fendi Milano with a string of window displays, located at the end of the thoroughfare and extending under the porticoes of Corso Matteotti.
The new address occupies a majestic six-storey building that pays homage to Milan’s architectural codes. The space houses a leather and fur workshop to showcase the house’s artisanal expertise, and a restaurant opened in partnership with Langosteria.
Meanwhile, the Celine boutique at number 25 on the same street will shortly reopen with a new layout and enlarged space. Christian Dior is also planning to open a major space in Milan in the coming months.
Alberta Ferretti
Soft décor for the Italian fashion house’s new flagship – Alberta Ferretti
Alberta Ferretti is opening its new flagship on the street parallel to Via Montenapoleone, at 26 Via della Spiga. Marked by the renewed vision of Lorenzo Serafini, who took over its creative direction last year, the historic Italian house presents a new layout concept developed in synergy between Re-Design Studio, led by Riccardo Furlani, and AAFW – Alessandro Fantetti Workshop.
Spanning two levels and 250 square metres, the flagship features a restrained, minimalist décor in shades of white.
“The choice of materials favours neutral tones and soft surfaces, in dialogue with integrated lighting, offering a soft, natural effect. Every part of the boutique contributes to a welcoming and intimate experience, while retaining the spirit of timeless elegance typical of the house,” the company summarised in a press release.
Ports 1961
Nearby, also on Via della Spiga at number 8, the flagship store of the luxury womenswear brand Ports 1961 has just opened. Spread over two floors and 200 square metres, the refined space is characterised by a restrained palette, geometric forms and carefully selected materials.
Founded by Japanese-Canadian designer Luke Tanabe in Toronto in 1961, and now owned by Ports International Enterprises, a company linked to Hong Kong’s PCD Group, the house, whose creative studio is located in Milan’s Brera district, entrusted its creative direction to Francesco Bertolini last year, and this opening marks an important milestone.
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Private equity firm TPG Inc. is considering options for APM Monaco, including a possible stake sale or an initial public offering of the jeweler, according to people familiar with the matter.
APM Monaco
TPG is working with an adviser and may start a dual-track process early next year, the people said, asking not to be identified discussing private information. The US investment firm is aiming to fetch a valuation of at least $2 billion for the company in a deal, one of the people said.
Deliberations are preliminary and TPG might decide to keep the asset for longer, the people added.
A representative for TPG declined to comment.
A TPG-led consortium acquired a 30% stake in APM Monaco in 2019, and in 2021 documents were submitted for a Hong Kong IPO that never materialized. The following year, the group started sounding out potential interest in its stake, Bloomberg News reported, though TPG said at the time it didn’t plan to sell.
European private equity firm Trail and China Synergy, an investment firm backed by TPG and China international Capital Corp., were also part of the investor group that bought the stake in APM Monaco six years ago.
TPG had $286 billion in assets under management as of the end of September. The US buyout firm invested in APM Monaco through its Asia-focused private equity platform.
APM operates about 500 jewelry stores globally, according to its website.
Caleres on Tuesday reported a 6.6% uptick in sales to $790.1 million for the third quarter, on the back double-digit growth in the American footwear firm’s brand portfolio.
Caleres
The St. Louis-based company said brand portfolio segment sales surged 18.8%, thanks to the recently acquired Stuart Weitzman brand. Without the acquisition, which was announced in February, sales increased just 4.6% on last year.
Elsewhere, Famous Footwear sales decreased 2.2%, with comparable sales down 1.2% for the three months ending November 1.
During the quarter, net earnings fell to $2.4 million, or earnings per diluted share of $0.07, compared to net earnings of $41.4 million or earnings per diluted share of $1.19 in the prior-year period.
“Caleres delivered third quarter sales results that were ahead of our internal expectations, highlighted by organic sales growth in our brand portfolio segment, strong lead brands performance, sequential improvement in trends at Famous Footwear, and accelerated e-commerce momentum in both segments of our business,” said Jay Schmidt, president and chief executive officer at Caleres.
“With the recent addition of Stuart Weitzman, our brand portfolio now drives nearly half our sales and more than half our operating earnings. As we expected, we experienced pressure on our earnings from tariffs and near-term acquisition dilution, however, the fundamentals of our business are improving.”
Caleres acquired footwear brand Stuart Weitzman from luxury heavyweight Tapestry in February for just $105 million. The cash deal was completed this summer.
Groupe Dynamite on Tuesday posted strong third-quarter results, reporting double-digit sales growth and increasing its full-year guidance.
Groupe Dynamite lifts 2025 outlook after Q3 revenue surge. – Dynamite
Revenue for the quarter rose 40.3% to $363.0 million from $258.8 million a year earlier, driven by a 31.6% increase in comparable store sales and contributions from new locations. Online revenue grew 43.3% to $63.2 million.
The Canadian fashion retailer behind the Dynamite and Garage brands posted net earnings of $41.1 million, up 101.7% from a year earlier, with diluted earnings per share rising to $0.71 from $0.38.
Operating income surged 90.3% to $120.1 million, while adjusted EBITDA rose 67.5% to $146.1 million.
“Our teams once again demonstrated the strength of our values-led culture. What we delivered this quarter across product, stores, and digital reflects the intention, discipline, and agility that continue to set us apart. We’re well into our journey to elevate and premiumize both brands, and the customer response remains strong,” said Stacie Beaver, president and chief operating officer.
“Operationally, our real estate strategy continues to be a core pillar, with 17 gross openings year-to-date positioning us for sustained, high-quality traffic. On digital, we’re encouraged by the 40 basis points increase in e-commerce penetration in Q3 2025, as we enhance our platforms to support richer storytelling and more seamless experiences. With a solid foundation, real momentum, and teams who move fast and stay aligned, we enter Q4 confident in our ability to raise performance, strengthen brand experiences, and deepen our community connections.”
Looking ahead, the company increased its fiscal 2025 outlook and now expects comparable store sales growth of 25.5% to 27.5%, up from 17% to 19%.
The company said its outlook remains subject to risks, including tariffs, real estate delays, weather disruptions, changes in consumer demand and IT or supply chain issues.