Author: Mimosa Spencer
PARIS — LVMH-owned Patou announced the departure of artistic director Guillaume Henry and said it was reconsidering its future strategy, the French fashion house said on Friday.“This mutual decision will allow Guillaume to fully dedicate himself to other projects, while the Maison explores a different format for its future evolution,” Patou said in a statement.The move comes as LVMH works to tightens its focus to navigate the prolonged downturn in fashion luxury.Henry was handpicked by LVMH’s Sidney Toledano to resurrect the fashion label most famous for its historic perfume “Joy.”Henry in 2019 debuted his designs for the fashion house, which…
Coperni will not show at Paris Fashion Week for the upcoming season, founders Arnaud Vaillant and Sebastien Meyer said in a statement on Friday, citing a deterioration of their partnership with Tomorrow London, which took an undisclosed stake in the label in 2019.The pair said they partnered with the London-based showroom-turned-brand accelerator to support the growth of their label, but that relations had since soured.“This relationship has since deteriorated significantly, to the point that Coperni no longer has the means to support its development,” they said.The designers added they planned to seek ways to gain control of their label.“This choice…
PARIS — Pieter Mulier is exiting Alaïa after a five-year run that thrust the Paris-based label back into the fashion conversation. His architectural, refined sensibility wowed insiders and fuelled sales growth.In a statement on Friday, the Richemont-owned brand confirmed the designer’s departure, adding that “the studio will ensure continuity in the interim period until a creative organisation is confirmed.” Mulier is expected to head to Versace, acquired by Prada Group last year. His last collection for Alaïa will be shown in March.An architecture graduate from the Brussels Institut Saint-Luc, Mulier drew on Alaïa’s essence while bringing his own view, sending…
PARIS — Giambattista Valli has cancelled his Jan. 26 haute couture show in Paris, citing a review of the business, his namesake label said in a statement on Thursday, fueling talk the fashion house faces financial difficulties.“The House is currently undertaking an in-depth review of the organization of its activities in order to ensure the company’s sustainability. Fully focused on this process, it has decided not to hold the show scheduled for the next Paris Fashion Week on January 26, 2026,” said the brand, in an emailed statement.The last-minute withdrawal from the Paris fashion calendar of the label founded by…
PARIS — Giambattista Valli has cancelled his Jan. 26 haute couture show in Paris, citing a review of the business, his namesake label said in a statement on Thursday, fueling talk the fashion house faces financial difficulties.“The House is currently undertaking an in-depth review of the organization of its activities in order to ensure the company’s sustainability. Fully focused on this process, it has decided not to hold the show scheduled for the next Paris Fashion Week on January 26, 2026,” said the brand, in an emailed statement.The last-minute withdrawal from the Paris fashion calendar of the label founded by…
Hulcan co-founders Mario Maher and Joe Wilkinson have purchased the intellectual property rights to defunct London-based e-tailer Matches and its in-house fashion label, Raey, with plans to relaunch both with a new business model next year, they announced on Wednesday.“We’re committed to preserving the heritage of Matches while driving its digital transformation, and to shaping the next chapter of Raey with a clear and distinctive voice,” said Maher in a statement.The move comes as fashion brands and retailers seek new ways to attract inflation-weary shoppers and pull out of a two-year slump in demand for luxury fashion which has hit…
Kering has finalised a New York property deal with private equity firm Ardian, the French luxury group said Tuesday.Under the agreement, Kering is contributing the 115,000-square-foot property at 715-717 Fifth Avenue to a newly created joint venture, in which Ardian will hold a 60 percent stake with Kering holding the remaining 40 percent and receiving $690 million in proceeds.The deal is part of Kering’s push to maintain control of prime retail locations while raising cash and reducing its heavy debt load. The company has been hit particularly hard by a sector-wide slowdown in luxury demand.In January, Kering signed a similar…
After eight years away, Joseph is returning to the runway.The contemporary British brand will show its Autumn/Winter 2026 collection — the second showing under creative director Mario Arena — in February at London Fashion Week.The step marks a move into a more expansionist strategy from the London-based label after a period of retrenchment that entailed store closures and the paring back of its product offer.“Rejoining the London Fashion Week schedule reaffirms Joseph’s positioning as a designer brand,” Barbara Campos, Joseph’s chief executive, said in a statement to The Business of Fashion. “With Mario’s creative leadership now firmly established, this feels…