Malìparmi is embarking on a new chapter, setting its sights on a 25% revenue increase by 2028. Leading the charge is Virginia Da Sie, granddaughter of the brand’s founder, who has been appointed chief executive officer of the heritage label known for its bold prints and vibrant colors since its launch in the 1970s.
Virginia Da Sie
Virginia, now the third generation to lead Malìparmi, takes over from her mother, Annalisa Paresi, the driving force behind the brand’s international success. Paresi will remain with the company as president of the newly formed board of directors, supporting her daughter in style and marketing decisions.
A Bocconi University graduate with a Master of Science in Management, Virginia joined the family business after gaining experience in Italy and abroad. She started at Malìparmi as a retail buyer before moving into digital communication and e-commerce.
“I grew up immersed in fashion, learning from my mother and embracing the joy of creating,” says Virginia Da Sie. “This journey has been invaluable in ensuring continuity for the brand and securing its future with a strong sense of responsibility and a deep understanding of what women want today. That’s why I’m so excited to lead this new chapter of Malìparmi—a brand created by women, for women.”
“There is a strong synergy between Virginia and me, allowing us to collaborate with mutual respect for our skills, experience, and expertise,” adds Annalisa Paresi. “In a family business, passing the baton from one generation to the next is never easy, but in our case, it’s happening seamlessly, built on trust and shared vision.”
As the leadership transition unfolds, Malìparmi’s design studio is also undergoing a transformation. A new designer will take the creative reins, working closely with Virginia and Annalisa to shape the brand’s fall-winter 2025/26 collections.
A look from Malìparmi fall-winter 2025/26
This restructuring comes as Malìparmi focuses on growth after a challenging 2024. The company closed the year with €21 million in revenue but fell short of breaking even due to a sluggish second half impacted by macroeconomic conditions.
Looking ahead to 2025, the company expects financial stabilization amid an uncertain market and ongoing brand repositioning. Growth is projected to increase in 2026, driven by retail and e-commerce expansion.
In late 2024, Malìparmi opened its third store in Spain—following Madrid and Barcelona—bringing its total number of mono-brand stores to 18 (12 in Italy, 6 internationally). The brand also relocated its Bologna store to the fashion district and plans to open three more standalone boutiques by 2028—two in Italy and one abroad.
Currently, retail accounts for 30% of Malìparmi’s revenue, with Italy as its leading market (60%), followed by Spain (10%). The brand’s growth strategy will also focus on e-commerce, which currently makes up 5% of total sales. A new high-performance platform, developed in collaboration with luxury e-commerce specialist The Level Group, is set to accelerate international expansion, focusing on the U.S. market.
The Philipp Plein group is actively deploying an ambitious retail expansion plan for its three labels (Philipp Plein, Plein Sport and Billionaire), as the mercurial Hamburg-born designer and owner of the Switzerland-based group told FashionNetwork.com. Plein has been working at his customary headlong pace during the recent Milan Fashion Week, busy with events and runway shows featuring celebrity guests like rapper Busta Rhymes.
Philipp Plein unveiled its Wild West-inspired co-ed Fall/Winter 2025-26 collection, featuring 51 looks, at the iconic Plein Hotel in Milan. The mood was Cowboy Couture, translating into a casual but high-spirited style for the daytime, and a boldly elevated one for the evening. The collection focused on Philipp Plein’s signature denim looks, notably indigo jeans matched with oversized denim shirts and striking coats. Vintage Americana motifs and a pair of glittering Stars & Stripes trousers featured alongside polished tailored looks combining dark red and green with bright blue. Notable accessories included Wild West hats, road-trip style bags, and a range of footwear including knee-high red leather boots, functional combat boots, and classic sneakers.
“We wanted to take advantage of the truly unique venue we’ve created in Milan. We didn’t stage a fashion show here, but a show full-stop, the Plein Show cabaret, with 25 dancers and performers entertaining 500 guests who kept eating and partying until 5 a.m. We love filling this place with joy and happiness,” Plein told FashionNetwork.com. “We opened the Plein Hotel with its three restaurants in September 2024, and in just a few months we have held several events and shows, including a black-tie masked ball – think Kubrick‘s Eyes Wide Shut film – and performances by DJs like Marco Corona and Sven Väth. We’ve had scores of events, all of them creating fun party memories,” he added.
Plein used to stage runway shows for his main label that were real events, held in large venues with thousands of guests. “Right now, I think that, not just for us but for the fashion world as a whole, everything should be more restrained and confidential,” said Plein. “And we haven’t finished yet, because in summer we’ll open a beach club on the upper floor, where we can accommodate over 1,500 people. The Plein Hotel is a unique opportunity, which we must take advantage of,” he added.
In the meantime, the Philipp Plein group is busy with a spate of new store openings. On Sunday, March 2, it opened a Plein Sport store in Spain and, between April and May, new Philipp Plein and Billionaire stores will be opening in Munich. A new Plein Sport store was inaugurated last week near Calabasas, in Los Angeles County, while two Plein Sport stores will open in Malta, another in Lebanon, and a further one will open in a few days in Berlin. A Philipp Plein store is also opening at around the same time in Warsaw, Poland.
Plein also dwelt on the challenging year that the industry experienced in 2024. “Many companies took the Covid pandemic as an excuse to raise prices, suppliers raised them too due to a shortage of raw materials and because they couldn’t meet demand, and this led to a situation in which consumers have become hostile to such an unfair pricing policy, as they’re facing price increases of up to 20-30-50%. While quality has failed to rise accordingly,” said Plein, adding that “of course, some groups are under pressure, because they are listed on the stock exchange, there are investors behind them, financial reports every quarter, so they’re pushing for margin, but there comes a point when you can’t push any more.”
“The Gucci case is emblematic of an expansion drive taken to extremes. They did an extraordinary job of bringing the [Gucci] brand to such levels of sales and product desirability. I do believe that there are momentum shifts in the market. For years, consumers wanted Gucci products, now not as much as before, also for the reasons I mentioned earlier, so sales have dropped, and as usual it’s the designer who pays the price, because there always has to be a scapegoat. But I repeat, for me this is just a phase, a change in trend,” concluded Plein.
The Philipp Plein group is based in Lugano, Switzerland. It is financially independent and debt-free, employing over 700 people and operating over 110 monobrand stores worldwide, including flagship stores in Milan, Paris, Barcelona, Berlin, Dubai, Los Angeles, Las Vegas, Shanghai and Singapore.
The Première Classe trade show was held on March 7-10 once again at the Tuileries Garden in Paris, having been staged at the Carrousel du Louvre last September. This season, the show featured 250 exhibitors, fewer than in the past, presenting their latest fashion and accessories collections with a focus on handbags, shoes, jewellery, and headgear. Première Classe was held in parallel with Matter and Shape, the contemporary design show launched by WSN in March 2024, which hosted almost double the number of exhibitors this session, generating new commercial energy.
A handbag by Michino – DR
The Michino brand exhibited its range of high-end leather goods at Première Classe. “French elegance combined with Japanese minimalism,” is how Yasu Michino likes to describe the brand he founded 10 years ago. Michino handbags are made in Italy in the Florence area, by artisanal workshops supplying some of the leading luxury houses. They are characterised by evergreen lines enhanced with subtle graphic details, and are priced from approximately €1,000. Michino, a French-Japanese designer who moved to Paris a long time ago, is a leather goods expert who has worked for labels like Givenchy, Balenciaga and Le Tanneur. A year ago, he decided to focus exclusively on his eponymous brand, which is doing very well in Asia and the USA.
Boots by United Nude – DR
Dutch footwear brand United Nude returned to Première Classe after a few years’ absence. It was co-founded in 2003 by renowned architect Rem D. Koolhaas, and is well-known for its extremely futuristic models (for example, it adopted 3D printing techniques early on) and de-structured heels. This season, it has gone in a rather more urban direction, with bright colours and XL platform soles. United Nude also presented a pair of boots, in black or white, featuring rows of transparent plastic pouches along the legs, which can hold letters forming sentences. A concept that was replicated on a handbag.
The Caro Bag – DR
Studio Caro was launched at the end of 2024 by Estonian-born designer Caro-Liine Tikk, who has worked at Bally, and defines itself as a brand of sustainable luxury accessories. The first products launched by Studio Caro are handbags made in Italian workshops using leather from dormant stocks. The Caro Bag, the collection’s firstborn, comes in small (€1,940), medium and large size, and is decorated with a clasp in 24-carat gold and palladium. Studio Caro is planning to introduce other product categories soon, such as hats and home decoration objects.
UK fashion brand New Look has joined Dutch knitwear brand Rhea and Norwegian sports label Active Brands in signing up to ‘Brand Letter of Intent’, the appeal by international fashion brands to stop mulesing (live lamb cutting).
New Look
The trio takes the number of brands signed up to 100, four years after its launch by global animal welfare organisation Four Paws.
Sending a “clear signal for more animal welfare in the industry… to stop mutilation of 10 million lambs per year”, it urges the Australian wool industry “to stop the process by 2030, and transition to industry-proven alternatives that are kind to animals”.
The trio join leading names such Zara, Patagonia and Hugo Boss to publicly commit to excluding wool sourced from live lamb cutting. In the open letter, they call “to end this cruel practice”.
Rebecca Picallo Gil, wool campaign lead at Four Paws, said: “This global wave of support is a clear message. It is time for a kind solution to a global problem. The wool industry must evolve to meet the demands of modern brands and consumers who ask for cruelty-free fashion.
“It is time for all stakeholders to come together and push for an industry-wide change and end to this cruel practice and ensure a kinder future for millions of lambs in the wool industry.”