Ellesse is set to make a comeback in the US market with the Italian sports label that’s owned by UK giant Pentland Brands returning in a deal with The Iconic Brand Corporation (TIBC).
Ellesse
Pentland said that “in a bold move set to reshape the US sportswear landscape”, it has signed an exclusive, long-term licensing partnership to relaunch the label across the “world’s most dynamic sport and lifestyle market, with tennis and ski at its forefront”.
Under the deal “and in close collaboration with the Ellesse team”, TIBC will “design, develop, produce, and market all Ellesse apparel and accessories collections” for the US with the first fruits set to launch in spring 2026. The debut will be direct-to-consumer through ellesse.us followed by “select flagship retail locations” opening later next year.
Pentland called it a “milestone agreement [that] signals a bold new chapter in the Ellesse journey, positioning the brand for rapid expansion across physical and digital channels, exclusive country clubs and select speciality retailers”.
It added that the sport-meets-fashion brand will be supported in the American market by “a robust brand strategy with a focus on premium design, cultural relevance, and world-class collaborations in sport, fashion, and lifestyle”.
One member of the leadership team at TIBC has history with Ellesse as chairman Todd Furniss was its first US contract tennis player in 1978. He’s “a key figure in US tennis and golf culture [and] now leads gTCGroup with a strong presence in private equity and healthcare transformation”.
Ellesse
Meanwhile CEO Duwayne Miller “is a visionary apparel executive with over 25 years of experience launching and scaling businesses across apparel and home textiles”. Pentland said his work with brands like Ralph Lauren, Brooks Brothers, and Four Seasons “reflects a proven ability to combine product innovation with commercial execution”.
And CFO PM Andersson “brings international financial expertise across consumer goods, private equity, and asset management sectors — ensuring strong, responsible growth for the brand’s future”.
Jack Richardson, SVP and brand director at Pentland said that “this is a group of leaders who understand what it takes to build something meaningful. Our partnership allows us to reintroduce the brand in a way that feels elevated, relevant, and true to its heritage. They bring passion, precision, and the kind of deep cultural connection that aligns beautifully with where we’re heading as a global brand”.
And Furniss added: “Collaborating with the talented team that Duwayne is building, which includes industry experts across product development, sourcing, digital, and marketing, alongside the Pentland Group in London, is one of my greatest professional and personal joys. Ellesse is a brand that I have had a relationship with for 47 years, and few things could bring more personal excitement and enthusiasm than returning [it] to its place of prominence at the intersection of sport, fashion, and culture.”
The demerger of Unilever‘s ice cream division, to be named ‘The Magnum Ice Cream Company,’ which had been delayed in recent months by the US government shutdown, will finally go ahead on Saturday, the British group announced.
Reuters
Unilever said in a statement on Friday that the admission of the new entity’s shares to listing and trading in Amsterdam, London, and New York, as well as the commencement of trading… is expected to take place on Monday, December 8.
The longest federal government shutdown in US history, from October 1 to November 12, fully or partially affected many parts of the federal government, including the securities regulator, after weeks without an agreement between Donald Trump‘s Republicans and the Democratic opposition.
Unilever, which had previously aimed to complete the demerger by mid-November, warned in October that the US securities regulator (SEC) was “not in a position to declare effective” the registration of the new company’s shares. However, the group said it was “determined to implement in 2025” the separation of a division that also includes the Ben & Jerry’s and Cornetto brands, and which will have its primary listing in Amsterdam.
“The registration statement” for the shares in the US “became effective on Thursday, December 4,” Unilever said in its statement. Known for Dove soaps, Axe deodorants and Knorr soups, the group reported a slight decline in third-quarter sales at the end of October, but beat market expectations.
Under pressure from investors, including the activist fund Trian of US billionaire Nelson Peltz, to improve performance, the group last year unveiled a strategic plan to focus on 30 power brands. It then announced the demerger of its ice cream division and, to boost margins, launched a cost-saving plan involving 7,500 job cuts, nearly 6% of the workforce. Unilever’s shares on the London Stock Exchange were steady on Friday shortly after the market opened, at 4,429 pence.
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Burberry has named a new chief operating and supply chain officer as well as a new chief customer officer. They’re both key roles at the recovering luxury giant and both are being promoted from within.
Matteo Calonaci becomes chief operating and supply chain officer, moving from his role as senior vice-president of strategy and transformation at the firm.
In his new role, he’ll be oversee supply chain and planning, strategy and transformation, and data and analytics. He succeeds Klaus Bierbrauer, who’s currently Burberry supply chain and industrial officer. Bierbrauer will be leaving the company following its winter show and a transition period.
Matteo Calonaci – Burberry
Meanwhile, Johnattan Leon steps up as chief customer officer. He’s currently currently Burberry’s senior vice-president of commercial and chief of staff. In his new role he’ll be leading Burberry’s customer, client engagement, customer service and retail excellence teams, while also overseeing its digital, outlet and commercial operations.
Both Calonaci and Leon will join the executive committee, reporting to Company CEO Joshua Schulman.
JohnattanLeon – Burberry
Schulman said of the two execs that the appointments “reflect the exceptional talent and leadership we have at Burberry. Both Matteo and Johnattan have been instrumental in strengthening our focus on executional excellence and elevating our customer experience. Their deep understanding of our business, our people, and our customers gives me full confidence that their leadership will help drive [our strategy] Burberry Forward”.
Traditional and occasion wear designer Puneet Gupta has stepped into the world of fine jewellery with the launch of ‘Deco Luméaura,’ a collection designed to blend heritage and contemporary aesthetics while taking inspiration from the dramatic landscapes of Ladakh.
Hints of Ladakh’s heritage can be seen in this sculptural evening bag – Puneet Gupta
“For me, Deco Luméaura is an exploration of transformation- of material, of story, of self,” said Puneet Gupta in a press release. “True luxury isn’t perfect; it is intentional. Every piece is crafted to be lived with and passed on.”
The jewellery collection features cocktail rings, bangles, chokers, necklaces, and statement evening bags made in recycled brass and finished with 24 carat gold. The stones used have been kept natural to highlight their imperfect and unique forms and each piece in the collection has been hammered, polished, and engraved by hand.
An eclectic mix of jewels from the collection – Puneet Gupta
Designed to function as wearable art pieces, the colourful jewellery echoes the geometry of Art Deco while incorporating distinctly South Asian imagery such as camels, butterflies, and tassels. Gupta divides his time between his stores in Hyderabad and Delhi and aims to bring Indian artistry to a global audience while crafting a dialogue between designer and artisan.