Despite disruption in Hong Kong, Kering recorded a positive Q3 with revenue up by 14%, driven by strong performances by Gucci, Bottega Veneta and Saint Laurent, as the luxury group’s share price soared last Friday.
Daniel Lee staged his second runway show for the famed Venetian house on Thursday night, building a set that riffed on the key essential of BV – intreccio leather – which the designer has revived as an object of cool.
Gucci may not have grown quite as fast in the latest quarter, according to Kering’s recent results, but it continues to be hugely popular, with the brand making it back to the top spot in the latest Lyst Index for Q2.
Kering has revealed a surprise appointment at the head of Italian label Bottega Veneta. Bartolomeo Rongone, previously chief operating officer at Yves Saint Laurent, will replace Claus-Dietrich Lahrs on 1 September.
Gucci growth is slowing but Kering is OK with that as it's still surging. Meanwhile Saint Laurent and Balenciaga are powering ahead and Bottega Veneta sales may be down, but the omens are good for Daniel Lee's designs.
Milan’s big debut this season was at Bottega Veneta, where young British designer Daniel Lee presented a punchy, tough-chic fashion statement, riffing and revolutionizing many of the codes of this brand.
After slowing down in the last three years, the Italian label owned by Kering is relying on new creative director Daniel Lee, whose first show is scheduled on February 22 in Milan, to return to growth.
Opening with Benetton’s first-ever show on February 19, and featuring again Gucci, Bottega Veneta and an array of new names, the Milan Fashion Week ending on February 25 looks set for a dazzling edition.
Gucci returns to the Italian runways after a hiatus in Paris, to stage its next runway show on Wednesday afternoon, February 20, during the next Italian runway season, whose official calendar was released on Tuesday.
There was a great of talk in Milan about 'sprezzatura', Italian for relaxed and being at ease. A suggestion that the city and its fashion needs to lighten up a little to entice new generation millennials to be consumers.