Italy
Pieter Mulier appointed chief creative officer at Versace
Belgian fashion designer Pieter Mulier has been appointed as the new Chief Creative Officer at Versace, marking a turning point for the luxury brand following its acquisition by the Prada Group
Ferragamo posts 2025 revenue decline despite fourth-quarter DTC rebound
The Italy-based luxury group saw its revenue decline in 2025. However, direct-to-consumer sales accelerated in the fourth quarter as a result of strategic initiatives in place since the second quarter
Valentino dies aged 93
Italian fashion designer Valentino Garavani has died aged 93. He became synonymous with 'Valentino red', a vibrant shade introduced at the end of the 1950s that went on to define his aesthetic
Expo Riva Schuh and Gardabags attendance stable at 8,000
The Italian trade fair specialising in footwear, bags and accessories, which took place from the 10th to the 13th of January, attracted almost 8,000 visitors, which is comparable to the previous June edition
Signs of stabilisation emerge in the Italian footwear industry
According to Assocalzaturifici, the Italian footwear industry is beginning to stabilise following a challenging start to the year. However, activity remains below 2024 levels
Chinese Group HSG Takes Majority Stake in Golden Goose
Under the new ownership structure, Permira will retain a minority stake, Silvio Campara will remain Chief Executive Officer, and Marco Bizzarri is set to become non-Executive Chairman
Expo Riva Schuh and Gardabags adapts to a changing market landscape
Ahead of the upcoming January edition, the Italian trade fair is adapting to changing market landscape while reinforcing its dual role as strategic observatory and a meeting place for footwear and accessories professionals
Golden Goose delivers strong nine-month performance
The Italy-based luxury sneaker has reported a 13% year-on-year increase in revenue in the first nine months of the year, driven by the strength of its direct-to-consumer (DTC) channel across regions
Prada completes Versace acquisition
The Italy-based luxury group has completed its acquisition of Versace from Capri Holdings for approximately 1.3 billion euros. The deal was announced in April
Hermès takes a minority stake in the Italian cashmere maker Lanificio Colombo
As part of its strategy to strengthen vertical integration, the French luxury group has acquired a 15% stake in the Italian manufacturer of cashmere and other noble fibres Lanificio Colombo
Ferragamo hints at turnaround after flat third quarter
Despite its nine-month performance to date, the Italy-based luxury group has hinted at a turnaround following a flat third quarter of net sales, driven mainly by the performance of DTC across regions
Prada Group sales rise in the first nine months
The Italy-based group reported year-on-year net revenue growth of 9% in the first nine months of the year. This was driven by the Miu Miu brand, which saw a 41% year-on-year rise in retail sales during the period
Giuseppe Marsocci appointed CEO of Giorgio Armani Group
Giuseppe Marsocci, a seasoned Armani fashion group executive, has been appointed as Chief Executive Officer of the company, with immediate effect
Innovation to take the spotlight at Expo Riva Schuh and Gardabags
As the footwear and accessories industry enters a new phase, Expo Riva Schuh and Gardabags will serve as the global meeting point where technological innovation transforms into commercial opportunity
Global footwear trade: China loses ground, US imports rise in value
Year-to-date Chinese footwear exports are down, while Vietnam and Indonesia have grown. EU exports increased modestly, with Portugal performing better than Spain and Italy. US imports increased in value-
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