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Underwear and lingerie producer Trucco Tessile buys rights to Italian homewear brand Happy People

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Nicola Mira

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January 13, 2026

Major developments are on the cards in 2026 for Trucco Tessile, the Cuneo-based Italian producer of pyjamas, underwear and loungewear. Trucco Tessile has bought, for an undisclosed amount, Italian homewear brand Happy People, renowned for its cheerful, insouciant, creative and colourful style. “The acquisition marks a new chapter in the history of [Trucco Tessile], as the group aims to continue to grow and innovate while abiding by its values of quality, creativity and care for people,” said Agostino Trucco, CEO of Trucco Tessile since January 1, speaking to FashionNetwork.com.

Happy People

Happy People was created with the goal of fostering joy and good cheer, and is well-known for its family-oriented collections and its distinctive depictions of two characters, a wolf and a sheep, that have become symbols of affection, close familiarity and good humour. “Happy People is much more than a brand, it’s a way of looking at life with joy,” said Trucco. “Welcoming [Happy People] into our family means believing in the value of emotions, in the power of a smile, and in the strength of stories that unite people. It’s a development that looks to the future with confidence, and goes hand in hand with our desire to keep innovating without losing our sense of humanity,” he added.
 
“[Happy People] is a label that has made history in its segment, so it cropped up on our radar. Let me underline that the company wasn’t going through a rough patch, business was buoyant, the owners simply decided to sell,” said Trucco. “As a result, we’re dealing with a brand (since we bought just the brand name – and only the rights relating to the apparel, pyjamas and underwear categories – we didn’t buy the company that produces Happy People) that is sound and well-established. It has an extremely strong identity, and is an interesting complement to our portfolio,” he added.

Trucco Tessile’s new acquisition is vertically integrated and has a strong product focus, complementing the Cuneo group’s nightwear know-how. The group’s portfolio also includes Julipet, a high-end men’s underwear brand, Boglietti, a women’s lingerie brand whose positioning was recently elevated from the market’s mid-range to the premium segment, and Alpina, a mid-range women’s and men’s underwear brand. “Style-wise, Happy People is entirely different from Boglietti, which targets elegant, understated and sophisticated women. Happy People’s brand narrative is fun, amusing and family-friendly,” said Trucco. “Besides, Happy People is a concept that goes beyond a mere product, pyjamas, and tells a love story – a strictly platonic one – between a wolf and a sheep.”

Happy People
Happy People

Happy People’s household linen range remains instead, as before, the property of Italian Textile Company, based in Ferno, near Varese. Trucco Tessile is planning to expand Happy People’s retail footprint both in Italy and abroad through the wholesale and e-tail channels. The brand is currently distributed via some 400 stores in Italy, Belgium, Spain, Germany and Greece.

In 2024, Trucco Tessile generated a revenue of €9 million, with e-tail sales growing and accounting for 10% of the total. “Through the new three-year business plan I have drawn up,” said Trucco, “we’ll try to align our three channels, i.e. e-commerce, the DTC channel consisting of our physical stores (we have a dozen) and the wholesale business, to become as much as possible an omni-channel company.”
 
As for Trucco Tessile’s other brands, Boglietti has developed a range that utilises natural fabrics like cotton, cotton-linen and cotton-bamboo blends, characterised by an “elegant, pared-down style consistent with the brand identity strategy we have implemented for the underwear and nightwear lines,” said Trucco.

Happy People

Julipet’s new nightwear is an ode to colour: “we’re well aware that blue is the colour of the night and of Julipet, and is synonymous with elegance, but we’re bringing alternatives to the market. Our watchwords this year are colour, colour, colour. The same goes for [Julipet] swimwear, and of course there’s a whole range of Julipet apparel, chiefly travelwear, featuring ultra-resistant, breathable, fresh and lightweight high-tech fabrics. Our new Oxford line, with a dozen SKUs, is absolutely innovative. It’s a highly streamlined range in a wide variety of colours, whose key feature is the use of high-tech  fabrics with specific functions. The garments are comfortable, extremely functional, and highly suitable for people who travel a lot,” said Trucco.
 
Alpina, which operates a handful of monobrand stores in Piedmont and is designed for everyday use, has functionality as its key feature. The brand’s hero products are its signature pyjamas, but Trucco Tessile is working to expand Alpina’s assortment to include sportswear, starting from the Fall/Winter 2026-27 season.

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Bernard Arnault inducted into Académie des Sciences Morales et Politiques

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January 13, 2026

Bernard Arnault, CEO of LVMH, the world’s leading luxury group, was inducted into the Académie des Sciences Morales et Politiques on Monday.

Bernard Arnault during his induction at the Académie des sciences morales et politiques, on 12 January 2026 in Paris. – STEPHANE DE SAKUTIN / AFP

The billionaire was elected in December 2024 to chair 1 of the “Political Economy, Statistics and Finance” section, previously held by Denis Kessler, the former chairman of the reinsurer SCOR, who died in June 2023.

“I take up the baton that, beyond death, my friend Denis Kessler extends to me, so that within this Academy, but also beyond it, I may contribute to the spirit of freedom, ambition, generosity, uncompromising standards and entrepreneurial passion that he embodied in his own way,” said Arnault, in a tribute to his predecessor.

His sword, a ceremonial element of the Institut de France that was presented to him by Bruno Le Maire, was designed by architect Frank Gehry, who died in December and who also designed the Fondation Louis Vuitton.

The green uniform was made by Dior, one of the LVMH group’s brands.

“As for great entrepreneurs, I believe I can demonstrate that Mr. Arnault does indeed belong to this category if we consider only the objective data: the importance of the company in France and worldwide, its contribution to the prosperity of the French economy – and the European economy -, and its decisive role in disseminating and promoting French and European excellence in the global economy,” said Jean-Claude Trichet, former president of the European Central Bank, in his welcome address.

Among the guests were First Lady Brigitte Macron, Culture Minister Rachida Dati, billionaire Vincent Bolloré, Maurice Lévy, honorary chairman of Publicis, the Mayor of Paris Anne Hidalgo, the President of the Île-de-France region Valérie Pécresse, and several ambassadors, an AFP journalist observed.

The LVMH CEO was accompanied at the event by his family, several group executives and a number of designers, including Pharrell Williams, artistic director of Louis Vuitton’s menswear collections.

Like the Académie Française, the Académie des Sciences Morales et Politiques forms part of the Institut de France and comprises fifty full academicians, elected by an absolute majority of their peers to a chair left vacant by the death, prolonged absence or resignation of their predecessor.

Arnault adds this title to the Grand Cross of the Legion of Honour, which he received in March.

Paris (France), 12 Jan 2026 (AFP)

This article is an automatic translation.
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Italy antitrust cuts Amazon record fine to $878.2 million

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Reuters

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January 13, 2026

Italy’s antitrust authority said on Monday it had reduced a ⁠record fine imposed on U.S ⁠e-commerce giant Amazon to 752.4 ‍million ‌euros ($878.20 million) from ⁠an ‌original amount of ‌1.128 billion euros.

DR

The authority, which fined Amazon in 2021 ‍for abusing its dominant ‌position ⁠in ​logistics services, recalculated ⁠the ​penalty following a regional administrative ​court ruling last September.

© Thomson Reuters 2026 All rights reserved.



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Urban Outfitters sales rise 9% over holiday period

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January 13, 2026

Urban Outfitters Inc. announced on Monday a 9% uptick in holiday sales for the two months ending December 31, on the back of FP Movement and Nuuly growth.

Urban Outfitters sales rise 9% over holiday period. – Urban Outfitters

The Philadelphia-based apparel retailer said retail segment sales rose 7%, with comparable retail sales up 5%, reflecting mid single-digit growth across both digital and physical store channels.

By brand, comparable retail sales increased 9% at Urban Outfitters, 5% at Free People and 3% at Anthropologie. FP Movement continued to outperform, delivering an 18% increase in comparable sales, while the broader Free People brand recorded a 1% gain. 

The company’s subscription segment, led by rental platform Nuuly, saw net sales jump 43%, fueled by a 41% rise in average active subscribers. Wholesale net sales increased 13%, largely driven by stronger Free People sales to department stores.

For the eleven months ended December 31, total company sales were up 11% year over year. Retail segment sales rose 8%, with comparable retail sales increasing 6%, again supported by balanced growth across online and store channels. Subscription segment net sales climbed 51%, reflecting a 46% increase in average active subscribers, while wholesale net sales grew 15%.

During the eleven-month period, Urban Outfitters Inc. continued to expand its physical footprint, opening 58 new stores, including 36 Free People locations—21 of which were FP Movement stores—13 Anthropologie stores and nine Urban Outfitters stores. The company closed seven locations, including five Urban Outfitters stores and two Free People stores.

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