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The king of cashmere makes wine

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February 12, 2025

Italian fashion mogul Brunello Cucinelli calls Solomeo, a tiny Umbrian hilltop village not far from Perugia, his “hamlet of cashmere and harmony.”
And now it’s a hamlet of wine, too.

Castello di Solomeo 2019 – Courtesy

Even those who don’t follow fashion (and why don’t you?) have probably heard his rags-to-cashmere story. Cucinelli started with indulgent women’s sweaters dyed in bright colors inspired by Benetton, and more than 45 years later he oversees a global empire of high-end and effortlessly elegant luxury wear that includes men’s suits, fragrances, shoes and more. Solomeo is Cucinelli’s home, the site of his company’s headquarters and, thanks to the restoration work he’s overseen and financed over several decades, a vibrant modern version of a medieval Italian village.

“I wanted to create the kind of life that was beautiful, in the country, truly living in harmony with nature—all things come from the earth,” he said, in an interview in his light-filled office.

The latest addition to this vision is an ambitious, exclusive and expensive red wine labeled Castello di Solomeo.

You might expect it to be based on sagrantino, the red grape variety indigenous to Umbria and responsible for the famously bold, tannic wines of the Montefalco area south of Perugia. But it’s instead modeled on the world-renowned Super Tuscan reds that Cucinelli “loves.” Those are made primarily from blends of international grapes such as cabernet sauvignon, merlot and cabernet franc, sometimes with a dollop of sangiovese. His favorite Super Tuscan, he says, is Antinori’s Guado al Tasso; he intended Castello di Solomeo as an Umbrian version. 

I sampled the first four vintages—2018 and 2019, as well as the 2020 and 2021 (the latter two have yet to be released)—at a two-day Burgundy-style La Paulée festival last November in Solomeo. It was organized by New York wine entrepreneur and sommelier Daniel Johnnes, who’s behind the annual La Paulée event in the US as well as La Fête du Champagne.

The recently released 2019 was my clear favorite. The growing season in Umbria was exceptional that year, so the wine is fresh, savory and balanced. Lighter in style than Super Tuscans (the Umbrian climate is cooler), it boasts dark fruit, polished tannins and the soft structure of a Cucinelli jacket. As for the others: the 2018 is vibrant, smooth and plush, although it’s not as finely detailed as the 2019. The lush-colored 2020 is attractively fruity, with a note of citrus in the finish, while the 2021 is minty and slightly herbal.

The 2018 premiered last year, and the 2019 just went on sale in the US at $1,200 for a three-pack. The per-bottle price is significantly less than the cost of a Cucinelli cashmere sweater, but because only about 9,000 bottles of each vintage were made, the wine is more exclusive. (It’s only available through Fine + Rare, an international online marketplace.) How Castello di Solomeo will taste after a decade of aging is still an open question, but clearly Cucinelli is positioning it as a collectible to hang on to. 

I’m sure you want to know: Is it worth the price? While the wine doesn’t yet have a sensual, cashmere-like texture or the distinctiveness, depth and richness of the best Super Tuscans, it has rarity on its side, as well as a serious charitable component. Profits from the wine will go to Cucinelli’s Universal Library, in an 18th century villa in Solomeo that he envisions as a space filled with classic texts of philosophy, architecture and literature—selected by an expert panel—where anyone can read and study.

As a writer, I’m all for that.

Why Wine? The Backstory

Don’t assume Castello di Solomeo is just some billionaire’s ego vino. It’s part of Cucinelli’s expansive vision of “humanistic capitalism and human sustainability,” the title of his talk to world leaders at the G20 in October 2021, and detailed on his website. It includes a spate of on-going projects, ideas, and actions that have won him awards and speaking time at major international conferences. “Winemaking,” he said, “is a tribute to Mother Earth. Making quality wine is a way of restoring economic and moral dignity to human beings who work the land.”

Cucinelli was once one of them. As the son of a humble farmer, he grew up in the nearby village of Castel Rigone, helping his father work the land with an ox-drawn plow. When he was a teenager, the family moved to Perugia, where his father worked in a “dehumanizing” factory  and Cucinelli studied to be a surveyor, educating himself with classic works of ethics, theology and philosophy, which he quotes frequently.

This self-education and his belief in the importance of revitalizing the countryside inspired his desire to create a kind of modern rural utopia in Solomeo, with himself as benevolent patriarch. He restored the hamlet’s buildings, created a Renaissance-style theater, redid the brick streets and placed marble plaques with inscriptions of sayings by Aristotle, Plato and Marcus Aurelius all over the village.

The winery and vineyard were the next step, part of Cucinelli’s Project for Beauty, which began in 2010 as he bought up hundreds of acres of warehouse land in the valley below Solomeo. The aim was to return the area to nature and agriculture, which, this being Italy, meant growing not just wheat but also olive trees and vineyards.

Cucinelli admitted he knew nothing about winemaking—“My father’s local wine was terrible,” he said. He pulled in Umbrian agronomist Michele Baiocco to find the right site for a vineyard; enlisted noted Italian enological consultant Riccardo Cotarella to fine-tune the wine; and built an impressive winery with a stone facade and an interior of medieval-style vaults and columns made from some 178,000 bricks. The huge terrace in front of it features a marble statue of Bacchus and overlooks 5 hectares (12 acres) of undulating rows of vines planted in 2011. It’s a sizable investment for a mere 9,000 bottles of wine.

The inaugural La Paulée gathering that Cucinelli hosted to show off the first vintages of Castello di Solomeo drew some 200 luminaries from the worlds of fashion, finance and technology—and even a few royals. Saskia de Rothschild of Château Lafite gave a talk on adapting to climate change (and poured Lafite), and Guillaume d’Angerville, head of a great Burgundy domaine, spoke about the problems of wine speculation. Later, Michel Troisgros, chef of his family’s eponymous three-star Michelin restaurant, one of the most storied in France , cooked dinner.

“Quality and exclusivity are everything for wine as well as fashion,” Cucinelli explained,“but it all has to have a higher purpose.” For him that meant creating a vineyard with the beauty of the Renaissance gardens that inspired its design, taking care of the environment and, most of all, paying his workers more than just a living wage and treating them with dignity and respect.

“Would you be willing to drink a wine if the winery doesn’t treat its workers well?” he asked. “I don’t want to buy anything if I know the workers aren’t respected.”

Will people pay $400 for a bottle of wine with these principles behind its label? The success of Cucinelli’s luxury fashion empire signals the answer is probably yes.
 



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Scoop wraps up strong show for AW25 season

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February 12, 2025

Womenswear event Scoop AW25 impressed this week as the once-again-standalone show defied gloomy weather and a gloomy economic backdrop to bring a bit of cheer back to the UK fashion sector. 

And there was plenty of cheer on the colour front and pattern. Despite a mainly muted palette of tonal greens (think sage, olive and low-key emeralds) and burgundies with plenty of variations on Pantone’s Mocha Mousse colour of the year, there were some brights, as well as plenty of embellishment, textural twists and autumnal florals brightening the mood.

No surprise then that it looks set to be a big season for statement slouchy knits with a big play of motifs, contrast trims, and experiment textures. Faux furs should shine too, their ability to ape the real thing being even more impressive as each year goes by. Think “are they real?” faux shearlings, Mongolian lamb, fox, lynx and mink in ultra-long lengths or with bulky cuts.

In day and eveningwear there were plenty of textural plays and subtle sheen too, but with a move away from the in-your-face sequins of recent seasons. That means metallics with silks, solid/sheer contrasts, smooth ‘brocades’, and 3D appliqués.

Alone again, naturally

As mentioned, Scoop is back on its own after multiple seasons running alongside Pure London (now in Birmingham) since it moved from the Saatchi Gallery to Olympia West. 

How did it fare? Perfectly well, it seems. Despite Scoop’s off-the-beaten track location, buyers found their way to its door and the exhibitors FashionNetwork.com spoke to shrugged off the removal of big draw Pure. As busy Paris brand les Filles D’Ailleurs told us: “It’s been good. Most of the customers we have say they never go to Pure.”

As that comment suggests, the buyers were out in force from both independent boutiques and major department stores. Premium independents such as The Place London, The Hambledon, Cordelia James, Doyles, The Mercantile, Jules B, Kiti Cymru, The Dressing Room, and Sass and Edge attended, alongside buying teams from Galeries Lafayette, Le Bon Marché, Hoopers, John Lewis, Jarrolds, Anthropologie and Morleys. Irish retailers, including Emporio, Nu Chic, Sorrento, Rococo, Macbees, Ribbon Rouge, and Sybil, were also in attendance.

The multinational mix at the show went down well with buyers Amaya Jais and Philippine de Boisgrollier of Galeries Lafayette (even though they clearly have brands from anywhere and everywhere beating a path to their Paris door). They called out in particular the fact that labels at Scoop came from multiple countries of origin, and said the Spanish brands were very strong. They also said they liked Black to Grey, Dr Bloom and Indi & Cold in particular.

Meanwhile, Amy Cook, owner of Eighty Seven, praised the show’s manageable size (something mentioned to us many times by exhibitors who were actually shying away from mega-sized shows). She was also happy to discover affordable streetwear-meets-daywear label Loreak Mendian there. 

Nailing newness

While organiser Hyve doesn’t share attendance figures, the show seemed busy with plenty of orders being written. In total there were over 250 collections on show and this edition in particular just seemed to nail it both for old-timers and newcomers.

Hester Moore, owner of Helen Moore, said: “This has been the best show yet, and we’ve been coming for five years. Something just clicked this year. We’ve been busy every day with buyers – it’s been non-stop.”

For Juls Dawson of Just Consultancies it was the first time the company had exhibited at Scoop in several years, “and it has been the best trade show we have attended in a long time. The timing is perfect… as the market is 100% looking for newness and brands that hit the spot from a pricing perspective. The quality of customers aligns with our expectations, with the best boutiques across the UK attending. We have been extremely busy and have met several retailers we have been trying to connect with for a long time. At one point, we couldn’t keep up with the traffic on our stands.”

That point about newness was key for product with the season feeling like it was maybe on the verge of some change as dresses slightly lost their all-encompassing dominance and separates, knits and outerwear had a chance to shine.

Newness was also important for the brands themselves and there’s no denying that Scoop continues to be the go-to event for any brand wishing to enter the UK premium market.

Augusta – Photo: Sandra Halliday

That holds true for Paloma and Cristina Rato, the sisters who founded Spanish footwear brand Augusta in 2019 as an online-only operation. With a mission to get women out of 365-days-a-year trainers, their leather and calf hair boots, chunky-but-low-heel-and-feminine Mary Janes, loafers and almost-flat slingbacks (all designed in Madrid and produced in Alicante) could do just that. 

They usually show in Paris and Milan but told us they decided to add London this time “as the UK is a big market for us online and as we don’t yet have retailers here we decided it was time to do something. We were recommended to come to Scoop by some Spanish brands that show here. We wrote orders on the first day and it was very good”.

No. 44 – Photos: Sandra Halliday

Romania’s No. 44 also thinks it’s time to break into the UK as it doesn’t sell in the country at all for now. MD Claudiu Ciubotaru is evangelical about its “timeless”, sustainable jeans. Denim is the company’s obsession (its intricately cut and tailored blazers also come in denim), as is sustainability. That means heavy use of recycled materials and a project (still under way and not yet come to fruition) to make better use of the waste created by premium selvedge denim.

The five-year-old company said the trend is definitely towards looser, slouchier cuts with Ciubotaru also wearing one of the slouchiest styles (yes, it’s womenswear only in theory, but he said the cuts are versatile enough to be adapted).

Ciubotaru said the brand saw plenty of interest at the show and was keen to try it because of its strong “design” focus, which meant visitors would ‘get’ the brand.

Avec Les Filles – Photos: Sandra Halliday

Meanwhile, show newcomer and New York brand Avec Les Filles (the French name comes from the Paris runway inspiration) was bucking the wider Scoop trend with slightly lower pricing than the average and a more exuberant approach to colour. The company’s Lexi Michelotti said it was the right time and venue to launch the brand into the UK market.

“Why the UK? We feel London and New York are in a ‘friends across the pond situation’. We know all the stores here so we felt it was a similar enough market. We’ve had a good reaction and we’ve written orders even though people seem to be slowing down from writing orders directly at shows. People were looking at the really eye-catching pieces, the faux furs, some of our flashier dresses.”

Established names

But Scoop wasn’t all about new-to-Britain labels. Emily Lovelock for instance is a well-established, eight-year-old name (and an Indian one despite the very English monicker) that was making an impact with its day and partywear.

Emma Chapman of the Morris Fyffe agency (which has only been handling it since the SS25 season) said it has done particularly well with the partywear this time, adding that “maybe in down times people tend to go for something a little bit more unusual”.

Emily Lovelock – Photos: Sandra Halliday

And what they get with the label is lots of small but crucial detail, from heart buttons to lace inserts, ric rac edging, other unusual fastenings, cuff trims, embroideries, decoratively topstitched denim and more. And it seems to be paying off with Chapman saying that it was pieces with those details that were proving a big hit.

The brand works predominantly with boutiques and the stand was continuously busy.

Another established label, Stand Studio — the Scandi cool outerwear specialist — is already stocked in Selfridges and END. But is aiming to re-energise its UK business with indies and department stores post-pandemic. Laura Robertshaw from agency 360 Group that’s now handling Stand Studio said the show got off to a good start for the label, even though what it was showing there was just a tiny percentage of its full offer. 

Stand Studio – Photo: Sandra Halliday

And it seemed to be getting a good response to its long faux furs (as mentioned, long coats are key for the season) and curly faux furs, writing orders from day one.

And when it comes down to summing up the success or failure of a show, that’s what it’s all about — orders. From that point of view, we should be able to say that Scoop’s AW25 event was an undeniable success.

Copyright © 2025 FashionNetwork.com All rights reserved.



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Alibaba becomes China’s new AI darling with $87 billion rally

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February 12, 2025

The frenzy over Chinese artificial intelligence is turning Alibaba Group Holding Ltd. into an investor favorite again, injecting new life into an e-commerce giant that had nearly sunk into obscurity following a years-long regulatory crackdown.

Reuters

Alibaba’s Hong Kong-listed shares have surged 46% since hitting a 2025 low on January 13, expanding its market value by nearly $87 billion and exceeding the Hang Seng Tech Index’s 25% gain in the same period. That makes the stock by far the best performer in China’s Big Tech universe in the new year, outshining rivals Tencent Holdings Ltd., Baidu Inc. and JD.com Inc.

It marks a surprise reversal of fortunes for Alibaba, which had fallen out of favor among investors after its business suffered from Beijing’s clampdown on the country’s tech behemoths and a post-Covid consumption slump. Behind the rally is optimism about Alibaba’s efforts to develop its own AI services and platform, which gained traction after Chinese AI startup DeepSeek unveiled technologies that caused a rout on Wall Street.

Alibaba’s shares got another shot in the arm on Wednesday, after the Information reported that Apple Inc. is working with the e-commerce pioneer to roll out AI features in China.

“The emergence of DeepSeek has sparked a new AI-related catalyst for Chinese tech stocks,” said Andy Wong, investment and ESG director for Asia Pacific at Solomons Group. “Within this space, we see Alibaba as having more tangible and well-established earnings growth prospects in the medium term.”

Alibaba’s 2025 bounceback is the culmination of a year-long turnaround spearheaded by two of Jack Ma’s oldest lieutenants: Joe Tsai and Eddie Wu. The chairman and CEO, part of the original founding team that created Taobao in Ma’s lakeside apartment, took the helm in 2023 right after years of Beijing-led regulatory investigations and a post-Covid downturn gutted its cloud and consumer businesses. They took the company back to basics, initially focusing on consolidating and streamlining the fragmented core commerce business.

They also decided to go big in AI. Since the advent of ChatGPT, Alibaba has invested in a clutch of China’s most promising startups, including Moonshot and Zhipu. And it prioritized the expansion of the cloud business that underpins AI development, slashing prices to win back the customers that fled to rivals during the turbulent years. It also decided to spend on AI, joining a race led by Baidu at the time.

In January, that effort yielded initial fruit. Alibaba published benchmark scores showing its Qwen 2.5 Max edition scored better than Meta Platforms Inc.’s Llama and DeepSeek’s V3 model in various tests. The company is now considered a leading player in AI alongside big names from Tencent to ByteDance Ltd. and startups including Minimax and Zhipu.

A key hurdle facing Chinese AI firms has been the slower adoption and lack of willingness to pay for services among domestic consumers and businesses.
“Many hedge funds and long-only investors see AI as a potential inflection point for Alibaba, with some expressing interest in understanding the valuation of Alibaba’s cloud business and any upside from large language models,” JPMorgan Chase & Co. analysts including Alex Yao wrote in a note. “The AI narrative is seen as a driver for potential re-rating, but there are concerns about the monetization of AI capabilities.”

In addition, cloud business growth for Chinese hyperscalers has lagged that of major US peers so far. Analysts estimate cloud revenues for the December quarter rose 9.7% from a year ago at Alibaba and 7.7% at Baidu, compared with 19% at Amazon.com Inc. and 31% at Microsoft Corp.

Alibaba’s financial results scheduled next Thursday are expected to offer investors a fresh opportunity to learn about the company’s progress on its AI models and outlook for its cloud services.

Despite the lingering question marks, Alibaba’s valuations remain attractive to some investors even after the latest rally. Its shares are trading at 12.2 times forward earnings, below its five-year average of 14.6 times.

“Despite the rally, Alibaba’s stock is still undervalued compared to its US tech peers, considering its growth potential and market position,” said Manish Bhargava, chief executive officer at Straits Investment Management in Singapore. “The company is expanding its overseas marketplaces, which could reduce its reliance on the domestic Chinese market and drive future growth.”
 
 



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TAG Heuer becomes Monaco GP’s first title sponsor

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February 12, 2025

Formula One’s showcase Monaco Grand Prix will have a title sponsor, TAG Heuer, for the first time in nearly 100 years as a result of the sport’s new partnership with French luxury giant LVMH.

TAG Heuer Carrera Tourbillon Chronograph x Senna – Divulgação

The watch brand, which has replaced Rolex as Formula One’s official timekeeper, has been a partner of the Automobile Club de Monaco since 2011.

The Monaco Grand Prix has, since the start of the championship in 1950, had no title sponsor but this year will be officially branded the Formula One TAG Heuer Grand Prix de Monaco.
The first edition of the race in the Mediterranean principality was held in 1929, before the days of title sponsorship.

LVMH is starting a 10-year deal with Formula One while the Monaco Grand Prix’s current contract runs to 2031.
 

© Thomson Reuters 2025 All rights reserved.



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