Price-conscious customers left the German perfumery chain Douglas facing a decline in profits in its day-to-day trading over the Christmas period.
shutterstock
According to preliminary figures, sales in the first financial quarter to the end of December rose 1.7% year on year to 1.67 billion euros, the company said in Düsseldorf on Monday. However, the operating margin before interest, taxes, depreciation, amortisation, and special items (adjusted EBITDA) was only 19.9%. A year earlier, this margin was 21.5%. Analysts, on average, had expected 20.8% this time.
Douglas attributed the development to shoppers paying close attention to prices when making purchases. While the key “Singles’ Day” and “Black Week” promotions performed relatively well, they also brought forward purchases for Christmas.
Douglas CEO Sander van der Laan continues to expect sales of 4.65 to 4.8 billion euros for the current financial year to the end of September. The adjusted operating margin is expected to be around 16.5%. The SDax-listed company plans to publish its final figures for the first financial quarter on February 11.
This article is an automatic translation. Click here to read the original article.
Tod’s boss Diego Della Valle is of the opinion that “the next step has to be proper new legislation tailored to our industry, it takes 10 days to establish what the problems are and which solutions to put forward.” He spoke after several fashion labels, including Tod’s, were placed under judicial administration. Tod’s and three of its senior executives have been investigated by the Milan prosecutor’s office for alleged labour exploitation by some of its manufacturing subcontractors.
Diego Della Valle
“If we want to solve this issue,” said Della Valle, speaking at Tod’s fashion week presentation in Milan, “we need to talk about it… if we’re keen to solve [it] we could do it very quickly. We have to understand that small artisans are powerless because they need the work, how can they monitor five stages in the supply chain?”
“We need to sit down and take the time to understand that small entrepreneurs are injured parties, and we must protect them,” continued Della Valle. “It mustn’t even cross our mind to talk about labour exploitation, ours is a world of decent people. The [current labour] law was introduced over 20 years ago to fight really serious, nasty problems existing at the time, especially in agricultural areas. We can’t have people around the world say that we don’t care about the work of others, because that’s not true,” he added. “Entrepreneurs and legislators, we have the job of sitting at a table together, with the goal of drawing up within a month a law that will apply to and protect everyone concerned,” said Della Valle.
“When I invited [RAI TV programme] Report to visit our company,” said Della Valle about the recently broadcast interview, “I was happy to do so, because I wanted them to see what our companies are like, how they work locally. Companies do many things for their communities, I don’t want to talk about myself, many other businessmen do it. Let’s show – this is what I’m asking – the nice side [of our world] too, otherwise it’s all just horrible.” Della Valle recommended that “my entrepreneur friends invite lawmakers in their local areas to show them their companies, and I’m sure we’ll all make a grand impression.”
“Dozens of workers have been with us for three generations, and they work with integrity and have solid personal principles because that’s their background. My grandfather was a shoemaker, it’s not as if we come from the moon, it’s just not part of Italian entrepreneurial culture to be exploitative. Often, when these things happen, those who’re involved in the work aren’t even aware of them,” concluded Della Valle.
Italian label Vivetta is investing in the future, and has revealed two major new steps in its strategic evolution: it is entering menswear, and is about to open new headquarters in Milan’s central luxury shopping district.
Vivetta
In June 2025, Vivetta’s new owner, the Modamet holding company, announced that Vivetta Ponti, who founded the label in 2009 and was the creative brains behind her eponymous label, was leaving the post of creative director. She was replaced by an in-house design team, which debuted with the 2026 Resort collection. Vivetta has now revealed it is opening new headquarters in via Senato, in the very heart of Milan.
A sizeable space acquired by Modamet, soon to be home to Vivetta’s commercial offices and showroom, and where the label’s latest collection will be presented to a select group of Italian and international buyers.
In parallel, Vivetta has announced it is making a first foray in men’s fashion, presenting its inaugural collection for the pre-fall 2026-27 season. Vivetta menswear’s official runway launch is scheduled for next February, with a co-ed show at Milan Fashion Week.
“Vivetta is looking to the future, and is actually investing at a time when many are pulling back. Acquiring a new space in Milan is an important step along the route we have taken to ensure [Vivetta] is able to expand and grow as it deserves,” said Nicoletta Raponi, CEO of Vivetta, in a press release. “While we await the appointment of the person who will take creative charge of the label, we are laying the foundations for ensuring our vision’s success,” she added.
Nicoletta Raponi, CEO of Vivetta
In 2022, Modamet acquired a stake and became involved in the running of Vivetta, buying a 58% share in the company that owns the label. Modamet, based in Arezzo, Tuscany, and owned by the Anselmi family, increased its stake in July 2025, taking full control of Vivetta. Modamet is a holding company that also controls Chimera Gold S.r.l., a long-established Arezzo company active in high-end jewellery and metal components for the fashion industry. As well as in fashion, Modamet has interests in real estate, sports and pharmaceuticals.
Valentino Garavani, an icon of Italian fashion, founder of his eponymous maison, and widely regarded as one of the greatest designers of all time, died in Rome on January 19, surrounded by his loved ones.
Born in Voghera, Italy on May 11, 1932, he showed remarkable artistic talent from an early age, which led him to study drawing and fashion in Paris, where he worked with couturiers such as Jean Dessès and Guy Laroche.
Upon returning to Italy, he opened his first atelier on Via Condotti in Rome in 1960, supported by his business partner, Giancarlo Giammetti. International success soon followed: his debut show at Florence’s Palazzo Pitti in 1962 marked his breakthrough, establishing him as an undisputed standard-bearer of Italian fashion worldwide. In 1968, the famous “V” logo was introduced, later becoming the emblem of the maison. Equally iconic is his signature red, inspired by a gown he saw at the opera in his youth, which made this shade a defining hallmark of the house.
Valentino Garavani announced his retirement in 2007, at the age of 75, with a final show celebrating his extraordinary career. His legacy is also chronicled in the 2008 documentary directed by Matt Tyrnauer: “Valentino: The Last Emperor.”
Garavani’s lying in state will be held at PM23, Piazza Mignanelli 23 in Rome, on Wednesday and Thursday, January 21 and 22, 2026, from 11:00 to 18:00. The funeral will take place on Friday, January 23, 2026, at 11:00, at the Basilica of Santa Maria degli Angeli e dei Martiri, Piazza della Repubblica 8, Rome.
This article is an automatic translation. Click here to read the original article.