logo
Canali names Stefanos Tsitsipas as its new brand ambassador

Canali names Stefanos Tsitsipas as its new brand ambassador

Italian luxury brand Canali announced on Monday the appointment of tennis star Stefanos Tsitsipas as its new global brand ambassador.
​The partnership will see the Greek featured in exclusive editorial content, official appearances, and bespoke campaigns "that explore a new expression of modern elegance," according to a press release.
Off court, he will wear the latest Canali creations designed to reflect both the sportsmen and the brand -- "quietly confident, impeccably constructed, and timelessly relevant."
'Stefanos stands for more than performance, he represents values we believe in deeply: dedication, composure, and the constant pursuit of excellence. He brings depth, integrity, and a strong sense of identity — qualities that align naturally with our vision," said Stefano Canali, president and CEO.
Known for his strong backhand, the 26-year-old sports star was born into a tennis family -- his mother Julia was a professional on the WTA Tour and his father Apostolos trained as a tennis coach, introducing Tsitsipas to the racquet sport at age three.
The professional has been ranked as high as world No. 3 in men's singles by the Association of Tennis Professionals, first achieved in August 2021 – making him the highest-ranked Greek in tennis history.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Former finalist Paolini stunned as Wimbledon seeds continue to fall
Former finalist Paolini stunned as Wimbledon seeds continue to fall

France 24

time40 minutes ago

  • France 24

Former finalist Paolini stunned as Wimbledon seeds continue to fall

Just 12 months after her run to the All England Club final, Paolini followed a host of highly-ranked seeds out of the grass-court Grand Slam. The Italian fourth seed, beaten by Barbora Krejcikova in the 2024 Wimbledon title match, slumped to a 4-6, 6-4, 6-4 loss in two hours and 18 minutes on Court Three. After reaching the French Open and Wimbledon finals last year, Paolini has failed to make the quarter-finals in each of her last four Grand Slam appearances, although she won the Roland Garros doubles crown with partner Sara Errani in June. The 29-year-old's defeat against Rakhimova means four of the top five seeds in the women's singles have been eliminated just three days into the event. Second seed Coco Gauff, third seed Jessica Pegula and fifth seed Zheng Qinwen were beaten in the first round. World number one Aryna Sabalenka is the last of the top five seeds remaining after her win against Marie Bouzkova of the Czech Republic in the second round on Wednesday.

After Prada 'sandal scandal', Indian brands tap heritage pride to boost sales
After Prada 'sandal scandal', Indian brands tap heritage pride to boost sales

Fashion Network

time43 minutes ago

  • Fashion Network

After Prada 'sandal scandal', Indian brands tap heritage pride to boost sales

"Prada 0: Kolhapur 1," said an Instagram post by e-commerce website Shopkop, whose founder Rahul Parasu Kamble's open letter to Prada pointing out the footwear is "soaked in tradition" was reshared 36,000 times on social media. "I saw the controversy as a way to promote Kolhapuri," said Kamble, 33, who has seen sales of sandals he sources from local artisans touch 50,000 rupees ($584) in three days, five times the average. Social media has been abuzz in recent days with criticism and sarcastic memes, with politicians, artisans and a trade body demanding due credit to Indian heritage. Prada has said it will arrange follow-up meetings with artisans. In a statement to Reuters on Tuesday, it added the Italian group intends to make the sandals in India in collaboration with local manufacturers, if it commercialises them. India's luxury market is small but growing, with the rich splurging on Lamborghini cars and pricey watches. Prada does not have a single retail store in India and its products are usually reserved for the super rich - its men's leather sandals start retailing at $844, while Kolhapuris can be priced as low as $12. But linking of the Prada name to the Kolhapuri sandals, which are made by around 7,000 artisans, is providing a business opportunity for some. Mumbai-based Ira Soles is running new Facebook and Instagram advertisements which proclaim its $32 "Tan Handcrafted Kolhapuris just walked the ramp at Prada ... Limited stock. Global spotlight. Own a piece of what the world is applauding.". E-commerce website Niira is offering up to 50% discounts on its Kolhapuri slippers it says are "rooted in tradition". Its sales of $18 sandals, that looked like the one Prada showcased in Milan, have tripled, founder Nishant Raut said. "Why can't an Indian Kolhapuri brand become as big as a Birkenstock," he said. Handmade in small factories, Kolhapuri sandals, or chappals as they are called in Hindi, are often paired with Indian attire. Similar designs are sold in big outlets of Bata India and Metro Brands, and also on Amazon and Walmart's Flipkart. In 2021, India's government said the sandals could achieve $1 billion a year in exports. Though latest estimates are not available, artisans say the business has struggled as consumers increasingly opt for more fashionable, upmarket footwear. Still, the Prada controversy is breathing new life into a craft that Lalit Gandhi, president of Maharashtra's main industry lobby group, says is "a dying art". Gandhi said he is in talks with Prada to develop a co-branded, limited-edition sandal. Kolhapur craftsmen Ashok Doiphode, 50, is pinning hopes on a Prada boost. He hand-stitches sandals for nine hours daily but can sell a pair for just 400 rupees ($5). "If big companies like Prada come, craftsman like me can get a good price."

Giorgio Armani slows in FY2024 with 6% revenue decline
Giorgio Armani slows in FY2024 with 6% revenue decline

Fashion Network

time2 hours ago

  • Fashion Network

Giorgio Armani slows in FY2024 with 6% revenue decline

Even Giorgio Armani has felt the effects of the global slowdown in fashion and luxury sales. In FY2024, the Armani Group reported consolidated net revenues of €2.3 billion, down 5% year-over-year at constant exchange rates and 6% at current exchange rates. Revenues from the direct retail channel fell more moderately, by 3% at current rates, despite several temporary store closures due to restructuring. Based on data from various specialized research firms, the company noted that this performance was in line with the 2024 industry average for fashion and luxury. 'In an international macroeconomic and geopolitical scenario marked by persistent tensions and high uncertainty, and despite the specific slowdown in the fashion and luxury sector, in 2024 the Armani Group also achieved solid and positive economic and financial results at the consolidated level, albeit down from the previous year,' the Italian company emphasized. The Armani Group reported record investments for the fiscal year, all fully self-funded, reaching €332 million—twice the amount spent in 2023 (€168.5 million) and nearly triple the typical annual investment in previous years. These funds went toward renovating key flagship stores, including the Madison Avenue location in New York, Emporio Armani Milano, Palazzo Armani, and the brand's new headquarters on Rue François 1er in Paris. The company also brought e-commerce operations in-house. Geographically, Europe again generated 49% of consolidated net revenues in 2024, maintaining its share from the previous year. The Americas accounted for 22%, while Asia-Pacific fell to around 19%, slightly down from 2023, primarily due to the slowdown in the Chinese market. Post-IFRS16 EBITDA totaled €398 million in 2024, marking a 24% decline from the previous year (€523 million). EBIT and net income before taxes (EBT) amounted to €67 million and €74.5 million, respectively—consistent with the EBITDA trend and reflective of the impact from numerous extraordinary investments made. The result reflects a mid-single-digit revenue decline alongside a slight 2.5% increase in operating expenses. The Armani Group's net cash and cash equivalents stood at €569.7 million at the end of 2024, compared to €945.6 million at the end of 2023. 'During 2024, although I was well aware of the market slowdown already felt in the second half of 2023 and the many critical issues arising from the international context, I continued to operate with an eye to the future,' Giorgio Armani, Chairman and CEO of the Armani Group, said in the statement. 'It is with this in mind that I have chosen in each case to invest in projects of great importance, both symbolic and concrete, which are fundamental for the company's tomorrow. In any case, 2024 closed with positive results, the result of sound and prudent management, further confirming the Group's solidity.' 'We opted for restrained pricing policies with increases below the rate of inflation and for a distribution oriented to quality rather than quantity, as shown by the stability of the number of points of sale, therefore without forcing and with selective criteria,' added Giuseppe Marsocci, Deputy Managing Director & Chief Commercial Officer of the Armani Group. 'Ultimately, the decision was to focus on product quality and customer experience, even at the cost of sacrificing margins in the short term, in the belief that this choice will make us more competitive when the market returns to growth.' 'I am convinced that pursuing consistency and continuity, avoiding chasing immediate gains, is the best strategy to ensure success in the long run,' added Giorgio Armani, who is back from a convalescence after hospitalization at the end of June, which did not allow him—for the first time in 50 years—to attend in person the fashion shows of his two menswear lines in Milan, Giorgio Armani and Emporio Armani. 'It is precisely thanks to this approach, in an increasingly complex and competitive global context, that I can proudly say that I have maintained the Group's independence and stability.'

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store