Italian luxury sneaker brand Golden Goose has picked Lazard as financial adviser to explore a potential stock market listing in Milan, two sources close to the matter said on Tuesday.
The former ready-to-wear director at J.W. Anderson will succeed Sarah Burton. It’s the latest in a string of executive shakeups as Kering seeks to reinvigorate its business on multiple fronts.
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Prices for pre-owned Rolex watches kept falling on the secondary market last month while entry-level models and brands like Cartier and Omega fared comparatively better.
DFS is making “an unprecedented investment” in the 128,000-square meter project, which will open by 2026 and feature over 1,000 luxury brands including those from LVMH Moet Hennessy Louis Vuitton SE, the firm said in a statement.
The 35 year-old former racecar driver — son of designer Miuccia Prada and chairman Patrizio Bertelli — is restructuring the Milanese group from the inside out. ‘Everything’s changing so that everything can stay the same,’ said the BoF 500 cover star about readying Prada for its next chapter.
The beauty festival space flatlined when Covid-19 restricted large in-person events. This year, a number return, including Sephoria, which makes the case that the experiential event is back and better than ever.
To discover how SMEs are successfully cutting through the noise to connecting with consumers in an increasingly crowded digital landscape, BoF interviews Christian Juuls Nielsen, the founder of Aknvas, Batsheva Hay of Batsheva and Arianne Elmy, founder of her eponymous brand.
Balenciaga, Valentino and Louis Vuitton all have their issues, writes Tim Blanks.
In a statement ahead of its third quarter earnings call on Oct. 3, Oddity Tech — the parent of makeup brand Il Makiage and skin care line Spoiled Child, which started trading on the Nasdaq in July — said it expects revenue for the third quarter ended Sept. 30 to rise 29 to 31 percent year-over-year, up from initial guidance of 18 to 23 percent.
