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Polène moves in on grand scale in heart of Milan

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January 8, 2026

With the opening of a flagship store in Milan at the start of January, Polène has cemented its presence across the world’s four major fashion capitals. Having inaugurated its impressive flagship at the Rond-Point des Champs-Élysées and opened on London’s Regent Street in 2025 (alongside Beijing, Hamburg and Copenhagen), the French accessible-luxury brand, renowned for its sleek bags, is kicking off 2026 at the same pace. Having been present in New York’s SoHo for the past two years, it is opening its eleventh global boutique within the Quadrilatero della Moda of the Lombard capital.

Polène’s new Milan store – Polène

At 37, Via Alessandro Manzoni, between premium-brand boutiques and design stores, Polène makes a bold statement with five striking window displays and showcases its expertise in presenting its bags, priced from €260 for the Neiti clutch, with signature models such as the Mokki at €540 and the Cyme at €420. As in each of its boutiques, the concept gives pride of place to natural materials while echoing local codes.

In Milan, each area of the store, designed by Norm Architects, is dedicated to a single material: stone, inspired by Milanese flooring, at the entrance; leather in various forms to evoke artisanal craft; wood, bringing warm contrast and guiding visitors to a final area where ceramics take centre stage.

“The final space hosts the highlight of the tour: a piece by Italian artist Clara Graziolino. Positioned to be visible as soon as you enter the store, it catches the eye. Crafted in ceramic, the piece evokes the texture of leather. This collaboration reflects Polène’s desire to promote local know-how and to anchor each project in its locale,” according to a press release.

Milan store interior
Milan store interior – Polène

Having launched online ten years ago, the brand is asserting its ambition to deliver a distinctive in-store experience. In Paris, at the end of September, it created a cabinet of curiosities in its flagship, spotlighting the key stages in the making of its products, all crafted in its Ubrique workshops in Spain’s Cádiz region. Polène is also exploring this approach in Milan.

“The immersive Craft at Work experience extends this exploration with the Leather Orchestra: in a small dedicated space, visitors become conductors of an ensemble of leather panels, where material and sound meet in a unique performance, resonating with the city of opera,” explained the brand.

Taking its cue from leading luxury houses, the French brand ritualises the relationship with its customers and meticulously choreographs its offering, placing strong emphasis on concept. In Beijing, at its Taikoo Li Sanlitun flagship opened in December, the brand opted for an environment composed entirely of leather bricks.

“These bricks are made from leather offcuts collected in our partner workshops before being compressed using a process we developed,” the company told FashionNetwork.com.

The brand shipped 12 tonnes of bricks to fit out this store. This concept demanded extensive advance planning so that the teams could receive and work with the materials. Ultimately, it offers a unique environment that marries the tactile appeal of leather with a mineral aesthetic.

Interior of the Polène store in Beijing, opened in December
Interior of the Polène store in Beijing, opened in December – Polène

This attention to detail and to the story told by each location, together with the precision of its designs and a carefully cultivated aura of rarity, underpin the success of the brand founded ten years ago by Antoine, Mathieu and Elsa Mothay (grandchildren of the founders of Saint James). Between its dynamic online sales and its physical expansion, Polène has enjoyed double-digit annual growth on average over recent years. With revenue reportedly nearing €350 million in 2025, according to several sources, the brand, which prides itself on its long-term culture, faces a number of growth challenges.

While it has secured an impressive new headquarters in the heart of Paris, on Rue du Louvre, to house all its operational teams, and now employs 1,200 people, it must manage shortages across its catalogue. The company intends to maintain its distinctive practice of producing its leather bags in Andalusia. The label is introducing other materials and expanding its jewellery and accessories categories, but leather remains central to its identity. It has launched a project to build its own factory locally to increase production. However, this has encountered delays, and the site is not expected to be operational until 2027. As it develops its physical network internationally, Polène must also assert its identity through the training of local teams and the codification of sales rituals. All the more so as the company, which says it self-finances its development, is not easing the pace on this front.

In 2026, the brand—which since 2024 has counted the L Catterton fund (linked to LVMH and the Arnault family) among its backers—has several store openings in the pipeline.

In Asia, it will set up in Tokyo at the luxury Ginza Six shopping centre and is keeping a close eye on Singapore, which has become a regional magnet. It is also aiming to expand in the United States, with California and Chicago in its sights. Finally, in the Middle East, the French brand is due to open its doors in Dubai, in the Mall of the Emirates. A prospect that will see French success shine across new horizons.

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​Pandora eyes 6% organic growth in 2025 as weak US market mutes prior guidance

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January 9, 2026

Pandora expects to deliver 6% organic growth in 2025, the Danish jewellery brand announced on Friday in its preliminary and unaudited results for 2025, falling below previous guidance of 7% to 8%.

Pandora is known for its charm bracelets – Cortesía

 
“We delivered 6% organic growth in 2025 despite softer than expected Q4 holiday trading, particularly in North America,” said Pandora’s CEO Berta de Pablos-Barbier, the brand announced on its website on January 9. “While the year was marked by macro headwinds, it has also highlighted opportunities to sharpen execution and strengthen brand desirability.”
 
Pandora is eyeing a full-year operating profit of approximately 7.8 billion Danish crowns ($1.2 billion) along with an EBIT margin of around 24%, in line ‍with its previous guidance. The North American market reported 2% like for like growth in the fourth quarter of 2025 with trading in November and December below expectations due to weakened consumer sentiment causing muted in-store traffic. Although EMEA like for like growth came in at -1% and Italy lagged, Spain, Poland, and Portugal reported strong growth, according to the business.

“As new CEO, my focus will be to navigate the current market environment, reduce our commodity exposure and course-correct in select areas to accelerate profitable growth,” said de Pablos-Barbier. “Pandora continues to pursue significant untapped growth opportunities as a full jewellery brand. Our fundamentals are strong. We are building a bigger Pandora.”  
 
The business will announce its audited full-year 2025 results on February 5. Pandora plans to launch designs in new materials this calendar year, aiming to use high silver prices as fuel for innovation, according to de Pablos-Barbier.

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NRF 2026 Retail’s Big Show to kick off in New York on January 11 with over 5,000 exhibitors

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January 9, 2026

The NRF 2026 Retail’s Big Show will be held in New York on January 11-13 with over 5,000 exhibitors from some 100 countries, showcasing the latest innovations, tech tools and solutions for the retail trade.

NRF

The event will once again be staged at the imposing Jacob K. Javits Convention Centre in Manhattan, and will feature a busy programme of conferences, keynote speeches and panel debates. One of the show’s star attractions will be actor Ryan Reynolds (of Deadpool and Detective Pikachu fame), who will illustrate his various business ventures.

Also among the participants, representatives of corporate giants like Google, Amazon, Zalando, AliExpress, Adidas, JD Sports, VF Corp., H&M, Mango, Guess, Old Navy and Gap Inc., Abercrombie & Fitch, Michael Kors, Nordstrom, Urban Outfitters, Perry Ellis, The North Face, Bestseller, Lowe’s, Pandora, Coach and Shopify.

Industry experts will speak at sessions on elevating the customer experience, adapting business operations to drive efficiency, promoting business-model agility, recruiting next-level talent, and understanding the latest retail technology. Among those sharing their insights at NRF 2026 Retail’s Big Show will be Fran Horowitz, CEO of Abercrombie & Fitch, Carhartt CEO Linda Hubbard, Marc Metrick, CEO of Saks Global, Michael Rubin, founder and CEO of Fanatics, and Ulta Beauty CEO Kecia Steelman.

The show will feature The Expo, a section on new retail technologies and solutions, the Vendors in Partnership Awards, What’s in Store for Retail Media Networks, as well as happy hours on the Expo floor and tours of some of New York’s more innovative retail spaces.

NRF

Several participants from leading French companies are expected, like Gonzague de Pirey, chief omnichannel and data officer at LVMH, Gabriel Bertoli, head of digital transformation at L’Oréal, Anne-Claire Baschet, head of data and AI at French unicorn Mirakl, and Hervé D’Halluin, in charge of RFID and traceability at Decathlon.

In terms of exhibitors, France will be represented by 28 companies under the Business France banner. They include Autone (specialised in inventory optimisation using AI tools), RetailNext (which generates metrics analysing retail footfall and customer behaviour), omnichannel and logistics experts like OneStock (specialised in order management systems) and Revers.io (returns management and SAV analysis), as well as specialists in new purchasing-path solutions like Faume (for second-hand while label products) and Live Vendor (DTC sales solutions).

The 2025 edition of NRF Retail’s Big Show, featuring some 6,000 exhibitors, was held in New York on January 16-18, and attracted over 40,000 visitors.

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Olivier Teboul named president of Parfums Christian Dior North America

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January 9, 2026

The house of Dior has appointed Olivier Teboul to be its new president of Parfums Christian Dior North America. The nomination is effective this Friday, January 9.

Olivier Teboul – Parfums Christian Dior

Teboul moves to the United States after almost a decade in Asia, where he has been president and representative director of Dior in Japan since 2016.

“Teboul’s leadership has been a driving force behind the success of Parfums Christian Dior Japan over the last 10 years. He played a pivotal role in strengthening Parfums Christian Dior’s brand elevation to allow an undisputable brand leadership in the market,” Dior said in a release.

The Paris-based luxury marque also praised Teboull for having “successfully implemented innovative strategies, fostered strong relationships with key partners, and built a high-performing team. This move to the USA market recognizes his invaluable contributions and the outstanding work he has done in transforming our business model in Japan.”

Teboul graduated from the international business school HEC Paris in 1996 before beginning his career with international marketing positions in the luxury division at L’Oréal. He then moved on to international general management positions, including in Asia. 

He joined Parfums Christian Dior in 2015 for an assignment at PCD North America in New York, before being appointed president and representative director in Japan in 2016, a position he held until December 2025. 
 
 

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