News

  • Italy’s Aeffe Group’s revenue falls in 2024, expects growth in H2 2025
    Aeffe Group has reported €251 million (~$263.9 million) in 2024 revenue, down 21.3 per cent YoY. The footwear and leather goods division fell 25.3 per cent, while prêt-à-porter declined 21.8 per cent. Wholesale sales dropped 25.1 per cent, and retail fell 12.5 per cent. Regionally, Italy, Europe, Asia, and America saw declines. Chairman Massimo Ferretti remains optimistic for H2 2025 growth.
  • US brand Bloomingdale's unveils The White Lotus x AQUA collection
    Bloomingdale's launches The White Lotus x AQUA collection on February 3, inspired by the HBO series' third season set in Thailand. Featuring tropical-themed women's apparel and accessories, the line includes floral dresses, swimsuits, crochet totes, and casual wear. The collaboration offers a stylish way to embrace the show's bold aesthetic, available online and in-store.
  • Italy allocates $260.8 mn for fashion industry in 2025
    Italy has allocated of $260.8 million for the domestic fashion sector this year, minister of enterprises and ‘Made in Italy’ Adolfo Urso recently announced. Out of that, $104.32 million each is meant for development contracts and mini development contracts, $15.65 million to support a green and digital transition, and $31.8 million has been allocated for promoting sustainability.
  • Germany’s Mytheresa to rebrand as LuxExperience after YNAP acquisition
    MYT Netherlands Parent BV (Mytheresa) will rename itself 'LuxExperience BV' following its planned acquisition of YOOX NET-A-PORTER (YNAP), including brands like NET-A-PORTER, MR PORTER, YOOX, and THE OUTNET. Subject to shareholder approval in March 2025, LuxExperience aims to become a leading global multi-brand digital luxury group, enhancing customer experiences and synergies.
  • India’s Liva & Harsh Vardhan Jalan unveil sustainable couture ‘Prana’
    Harsh Vardhan Jalan collaborates with Liva Fabrics to create ‘Prana,’ a couture collection inspired by the Indian concept of life force. Blending cultural heritage, innovation, and sustainability, it features eco-friendly materials like repurposed fish scales. With bold designs and Liva’s revolutionary fabrics, it redefines luxury fashion and celebrates nature.
  • Italy’s Ermenegildo Zegna posts $2.03 bn revenue in FY24, up 2.2% YoY
    Ermenegildo Zegna NV reported FY24 revenues of €1,946.6 million (+2.2 per cent YoY, -1.9 per cent organic). Q4 FY24 revenue rose 3.3 per cent to €589.2 million (~$615.0 million) (+2.9 per cent organic). Americas (+14.6 per cent), EMEA (+5.9 per cent), and APAC (+10.5 per cent) grew, while Greater China declined (-11.4 per cent). Zegna expects continued volatility in China.
  • Celys named finalist in 2025 Drapers Conscious Fashion Awards
    Celys is a finalist in the 2025 Drapers Conscious Fashion Awards, nominated for its zero-microplastic compostable polyester. This innovative fibre decomposes 95.4 per cent in 179 days, tackling microplastic pollution. The nomination underscores Celys’ commitment to sustainable fashion, showcasing solutions that merge performance with environmental care.
  • France’s LVMH reports $88.3 bn revenue in 2024, up 1% organically
    LVMH has recorded €84.7 billion ($88.3 billion) in revenue for 2024, down 2 per cent YoY but up 1 per cent organically. Net profit fell 17 per cent to €12.55 billion, while profit from recurring operations dropped 14 per cent to €19.6 billion ($20.41 billion). Operating free cash flow rose 29 per cent to €10.48 billion. Fashion & leather goods led the segment with €41.06 billion in revenue.
  • Spanish brand Mango appoints CEO Toni Ruiz as chairman
    Mango’s Board appointed CEO Toni Ruiz as Chairman, reinforcing its 2024-2026 Strategic Plan. Jonathan Andic was named Vice-Chairman, confirming the Andic family’s commitment. Manel Adell joined as an Independent Board Member, continuing the company’s professionalisation. Ruiz expressed gratitude and ambition for Mango’s growth, stating the brand is stronger than ever.
  • Germany's Zalando awards IAMISIGO for innovation in fashion
    IAMISIGO wins the 2025 Zalando Visionary Award for its bold innovation, blending heritage textiles with African craft techniques. Founded by Bubu Ogisi, the brand will showcase its collection at Copenhagen Fashion Week in August. The award includes a €50,000 (~$52,000) price, runway production support, mentorship from Dio Kurazawa, and resources to develop IAMISIGO’s business and creative vision.