Luxury goods group Kering joined competitors in defying concerns of waning demand in China, as momentum at its powerhouse Gucci slowed slightly in the fourth quarter but still outperformed most other fashion brands.
It was probably inevitable given the publicity she received in May for the Meghan Markle wedding dress, but Givenchy artistic director Clare Waight Keller was named womenswear designer of the year on Monday evening.
Milan prosecutors have wrapped up their probe into alleged tax evasion of around 1 billion euros ($1.13 billion) by fashion group Gucci, paving the way for a formal request for a trial, a judicial source said on Tuesday.
The head of Gucci has reassured shop staff over a looming slowdown in the pace of sales growth after a revenue explosion at the Kering-owned label, according to an internal video message seen by Reuters.
The Camera Nazionale della Moda Italiana has re-elected Carlo Capasa as its president for a two-year term. This is the third time that Capasa has been elected as president of the Camera, Italian fashion's governing body.