Latest news with #LuxuryFashion
The Independent
10-07-2025
- Business
- The Independent
Mulberry raises £20m from shareholders after sales plunge lower
Luxury fashion firm Mulberry has raised £20 million from its largest shareholders as it revealed a plunge in sales over the past year. Bosses at the handbag maker said it has made 'significant progress' in its turnaround efforts, after being hit hard by a slowdown in luxury spending in recent years. Last month, the company said it planned to launch a cash-call in order to help stabilise its finances amid a challenging backdrop. On Thursday, the Somerset-based firm said Singapore-based Challice and Sports Direct-owner Frasers Group, Mulberry's two largest shareholders, supported a £20 million fundraise to provide the business with fresh capital. It will also appoint James France from Frasers' onto Mulberry's board of directors. It came as Mulberry revealed blamed the shrinking luxury market for a 21% slump in revenues to £120.4 million for the year to March 29. This included a 20% fall in UK retail and digital revenues, after it was impacted by 'macro-economic conditions, uncertainty and inflationary pressures which has affected consumer spend and habits'. Mulberry saw underlying pre-tax losses grow to £23.7 million for the year as a result, compared with a £22.6 million loss a year earlier. The business is currently undergoing a major turnaround plan under recently appointed boss Andrea Baldo. The plan includes efforts to simplify its operations, including the closure of 12 loss-making shops in Asia, and a 'refresh' of Mulberry's brand identity. Sales across the company declined 18% over the nine weeks June 1, matching board expectations. Mr Baldo said: 'We have made significant progress in laying the foundations for Mulberry's turnaround. 'Since launching our Back to the Mulberry Spirit strategy in January, we have acted at pace to simplify the business, reduce costs, and refocus on our most profitable channels and markets. 'This is an ambitious transformation, underpinned by operational discipline and a commitment to placing creativity at the heart of everything we do.' Shares in the company were 5% lower on Thursday afternoon.
Grazia USA
09-07-2025
- Entertainment
- Grazia USA
Gucci & Pomellato Come Together In A Feat Of Craftsmanship With 'Monili'
Gucci 'Monili' / All images: supplied Ciao, Monili ! In a poetic marriage of heritage and innovation, Gucci has unveiled Monili, the first High Jewellery collaboration with fellow Italian house, Pomellato. Debuting in May 2025 during the Gucci Cruise 2026 runway in Florence, the collection is a luminous tribute to the Houses' shared values: timeless design, artisanal excellence, and Italy's enduring ability to fuse romance with craftsmanship. Named after the Italian word for 'jewels', Monili draws from Pomellato's 1984 archives, reimagining sculptural silhouettes through Gucci's leatherworking savoir-faire. The result is a series of refined objects that are as wearable as they are arresting, defined by a balance of brilliance and tenderness in equal measure. Think: supple stitched leather entwined with sculpted gold, pavé diamonds threaded into chain links, and forms that feel ancient yet ultra-modern. Among the newly revealed highlights is a minaudière unlike any other. Boasting a hard-case clutch in black leather, the piece is fitted with a wrist strap chain in white gold and dusted with diamonds. Meanwhile, a sinuous bracelet spirals soft black leather around a gleaming knot of white gold pavé, and a bold cuff entwines a leather loop with a statement clasp of diamonds. Gucci 'Monili' / Image: supplied Rose gold and warm brown leather take centre stage across a series of knotted necklaces and bracelets, each piece honouring the expressive language of form, contrast, and materiality. At once sculptural and fluid, they echo the collection's central tenet of balance with purpose. Gucci 'Monili' / Image: supplied Gucci 'Monili' / Image: supplied More than adornment, Monili is a meditation on the alchemy of touch, material, and meaning. It embodies Gucci's future-facing vision under the leadership of CEO Stefano Cantino and Pomellato's unwavering commitment to sustainability and craftsmanship. Together, these Houses present not just jewellery, but heirlooms for a new generation—crafted not only with brilliance, but with soul to leave a lasting impression. Gucci 'Monili' / Image: supplied Discover more about the collection here.
Yahoo
08-07-2025
- Entertainment
- Yahoo
Penélope Cruz Highlights Chanel's Textured Tailoring at the Brand's Fall 2025 Couture Show in Paris
An ambassador for Chanel since 2018, Penélope Cruz attended the fashion house's fall 2025 couture collection show during Paris Couture Week on Tuesday, wearing a look from the brand. The Oscar-winning actress donned a Chanel jacket, featuring a tailored silhouette with allover shimmering details intricately woven into the fabric. Cruz's outfit also included a black jacket with off-white trim and pearl detailing, along with sinuous cuffs and subtle pinstripe lines of sparkling details. The actress carried a Chanel quilted bag and wore a pair of black heels to complete her ensemble. More from WWD Hailee Steinfeld Embraces Bold Cutouts and Dramatic Bows in Sheer Dress for Tamara Ralph Fall 2025 Couture Show in Paris Hailee Steinfeld Gives Classic Hollywood an Edge in Dior Pumps at Tamara Ralph's Fall 2025 Couture Show Penélope Cruz Holds Court in Purple Chanel, Diane Kruger Goes Ethereal in Alberta Ferretti and More at Les Arts Décoratifs Ball The actress' shimmering black suit, part of Chanel's cruise 2026 collection, made its runway debut last April. The Villa d'Este hotel in Italy served as the backdrop for the collection's showcase, featuring designs that paid homage to the Romy Schneider wearing Gabrielle Chanel designs in his 1962 movie 'Boccaccio 70,' per Luisa Zargani's WWD review of the collection. Highlights from the collection included 'tweed miniskirts in a beautiful wisteria hue that matched the blooms on the terrace, for example, and short taffeta dresses in a peach or pink color with flounces and ruffles — although at times the frilly effect could have been toned down a bit,' Zargani added. The collection marked a turning point for the French luxury fashion house. Matthieu Blazy, who spent much of his formative years at Bottega Veneta, was named Chanel's creative director in December 2024. The designer's first collection for the label will be featured in October. As of last April, the designer is reportedly assembling his team. Ahead of the fall 2025 couture show, guests from Sofia Coppola to Cruz, Keira Knightley and more kicked off Paris Couture Week with the Bal d'Été at the Musée des Arts Décoratifs on Sunday in Paris. Cruz also wore a Chanel selection from the label's spring 2025 couture collection to the fete. View Gallery Launch Gallery: Chanel Fall 2025 Couture Best of WWD A Look Back at Fourth of July Celebrations at the White House Princess Diana's Birthday Looks Through the Years: Her Sleek Black Jacques Azagury Dress, Vibrant Colors and More Lauren Sánchez's Fashion Evolution Through the Years: From Her Days as TV News Anchor to Today
CNN
07-07-2025
- Entertainment
- CNN
Naomi Watts, BTS' Kim Taehyung and more turn out for Celine fashion show
It was eerily still in Paris on Sunday, as the streets came to a standstill for 'Paris Respire', a car-free scheme where certain districts in the city are closed to motorized traffic for the day. Yet, the Tuileries Gardens was buzzing with a stylish crowd, many of whom wore the same white scarf tied around their neck, wrist, or bag. Far from it being a coincidence, the scarf was part of the invitation that luxury label Celine had sent to guests invited to see its Spring 2026 collection. Staged at the brand's Right Bank headquarters, a day before Paris Haute Couture Week, the show was notable: Not only was it Celine's first in years (the last physical show took place in December 2022, under its former designer Hedi Slimane, who preferred to his present his collections via short films), it also offered a first look at the highly anticipated debut designs under new artistic director Michael Rider. Since being appointed at Celine in October last year, taking up the role in early 2025 after six years at Polo Ralph Lauren, Rider has laid low. While French luxury house Dior sought to drum up interest for its new designer Jonathan Anderson by teasing elements of the new collection on social media, Celine has kept everything under wraps, with the silk scarf invite — which also features in the brand's advertisements plastered across Paris — being the only indicator for what to expect. A bevy of high-profile stars sat under a giant carré de soie (silk pocket square) stretched like a canopy in the courtyard. These included Naomi Watts, Kristen Wiig, and Kim Taehyung, better known as V, from K-pop band BTS, who arrived on a bicycle. Singer Alanis Morisette told CNN ahead of the show that she had 'so much anticipation to see what Michael Rider has done.' Other fashion designers including Jonathan Anderson and Raf Simons, formerly of Jil Sander, Dior and Calvin Klein, also turned out to show their support. The show, which took place in the rain (attendees were given Celine-branded umbrellas), comprised both men and womenswear. There were nods to the brand's past, whether it was the references to the 1970s archives, the clean lines reminiscent of former designer Phoebe Philo (who amassed a cult following known as 'Philophiles' during her tenure), or the lean silhouettes favored by Slimane. Also present were culottes paired with flat Mary Janes and a full flash of the Eighties: balloon-leg washed denim trousers, high-waisted pants tucked into boxing boots, and a tweed jacket with wide shoulders. Horsebit detailing adorned slim ankle boots. But Rider also wove in references to his own past — an argyle jumper could have come straight out of a Ralph Lauren collection, while flounced hems on a knit cardigan recalled Balenciaga's cocoon shapes during Rider's time working under designer Nicolas Ghesquière in the early noughties. There were personal playful touches, too: see the opulent stacked jewelry, rings on every finger. In all, there was a preppy American feel intertwined with French sophistication in the looks. Law Roach, stylist to the stars including Zendaya, seemed to have an inkling for what was coming. 'I want to see this American flair in this Parisian house… I'm so excited to see the newness,' he told CNN ahead of the show, nodding to the long history of American designers in Paris, including Michael Kors who designed Celine from 1997 to 2004. Rider is stepping into big shoes: His predecessor turned Celine into a commercial heavyweight, bringing in an estimated €2.5 billion ($2.76 billion) annually, with the expansion of menswear, leather goods, and fragrance — areas that Rider will continue to oversee. But with his deep familiarity with the Celine maison, he seems intent on ushering in a chapter that is less about spectacle and more about nuance — an approach that tends to age well in fashion.
CNN
07-07-2025
- Entertainment
- CNN
Naomi Watts, BTS' Kim Taehyung and more turn out for Celine fashion show
It was eerily still in Paris on Sunday, as the streets came to a standstill for 'Paris Respire', a car-free scheme where certain districts in the city are closed to motorized traffic for the day. Yet, the Tuileries Gardens was buzzing with a stylish crowd, many of whom wore the same white scarf tied around their neck, wrist, or bag. Far from it being a coincidence, the scarf was part of the invitation that luxury label Celine had sent to guests invited to see its Spring 2026 collection. Staged at the brand's Right Bank headquarters, a day before Paris Haute Couture Week, the show was notable: Not only was it Celine's first in years (the last physical show took place in December 2022, under its former designer Hedi Slimane, who preferred to his present his collections via short films), it also offered a first look at the highly anticipated debut designs under new artistic director Michael Rider. Since being appointed at Celine in October last year, taking up the role in early 2025 after six years at Polo Ralph Lauren, Rider has laid low. While French luxury house Dior sought to drum up interest for its new designer Jonathan Anderson by teasing elements of the new collection on social media, Celine has kept everything under wraps, with the silk scarf invite — which also features in the brand's advertisements plastered across Paris — being the only indicator for what to expect. A bevy of high-profile stars sat under a giant carré de soie (silk pocket square) stretched like a canopy in the courtyard. These included Naomi Watts, Kristen Wiig, and Kim Taehyung, better known as V, from K-pop band BTS, who arrived on a bicycle. Singer Alanis Morisette told CNN ahead of the show that she had 'so much anticipation to see what Michael Rider has done.' Other fashion designers including Jonathan Anderson and Raf Simons, formerly of Jil Sander, Dior and Calvin Klein, also turned out to show their support. The show, which took place in the rain (attendees were given Celine-branded umbrellas), comprised both men and womenswear. There were nods to the brand's past, whether it was the references to the 1970s archives, the clean lines reminiscent of former designer Phoebe Philo (who amassed a cult following known as 'Philophiles' during her tenure), or the lean silhouettes favored by Slimane. Also present were culottes paired with flat Mary Janes and a full flash of the Eighties: balloon-leg washed denim trousers, high-waisted pants tucked into boxing boots, and a tweed jacket with wide shoulders. Horsebit detailing adorned slim ankle boots. But Rider also wove in references to his own past — an argyle jumper could have come straight out of a Ralph Lauren collection, while flounced hems on a knit cardigan recalled Balenciaga's cocoon shapes during Rider's time working under designer Nicolas Ghesquière in the early noughties. There were personal playful touches, too: see the opulent stacked jewelry, rings on every finger. In all, there was a preppy American feel intertwined with French sophistication in the looks. Law Roach, stylist to the stars including Zendaya, seemed to have an inkling for what was coming. 'I want to see this American flair in this Parisian house… I'm so excited to see the newness,' he told CNN ahead of the show, nodding to the long history of American designers in Paris, including Michael Kors who designed Celine from 1997 to 2004. Rider is stepping into big shoes: His predecessor turned Celine into a commercial heavyweight, bringing in an estimated €2.5 billion ($2.76 billion) annually, with the expansion of menswear, leather goods, and fragrance — areas that Rider will continue to oversee. But with his deep familiarity with the Celine maison, he seems intent on ushering in a chapter that is less about spectacle and more about nuance — an approach that tends to age well in fashion.
