The struggling British fashion and accessories brand, which is axing its Paris and Hong Kong comms teams, is also on the verge of discontinuing its ready-to-wear and footwear licences from Spring/Summer 2021.
The Italian footwear designer has licensed the production and worldwide distribution of his eponymous label to OLG, the Milanese subsidiary of Japanese group Onward Holdings, in order to concentrate on design work.
At the latest Milan fashion week, designers have expressed real ecological awareness for the first time in their shows, without sacrificing creativity, business or glamour, as in any fashion week worthy of its name.
The executive, who previously led the company's footwear division, has become the new CEO of OLG, the European luxury subsidiary of the Japanese group of the same name, and has plans to turn it into a talent incubator.
Japanese online fashion retailer Zozo said it expects its profit to recover in the current fiscal year, after its first-ever annual drop in earnings on a failed experiment with bespoke tailoring and clashes with brands.