Covid has forced the Italian luxury industry to step up the pace of its transformation and search for investors, as shown by Zegna announcing a forthcoming stock market listing, and L Catterton’s acquisition of Etro.
Speculation over the future of Italian fashion group Armani came to the fore on Wednesday after the Milanese brand said it had no interest in a tie-up with car maker Ferrari, as proposed in a plan by investment banks.
Zegna has partnered with automotive giant Stellantis in an ambitious plan to transform its entire fleet into green cars by 2025. Stellantis brands include Fiat, Alfa Romeo, Peugeot, Citroën and Maserati.
France has long had an obsession with American ideas and icons, and enjoyed and profited from re-imagining them with a Gallic touch. The latest is Shiloh Heritage - a marriage of Texas and the Camargue.
The event, this year scheduled in October, has picked the creative director of Lacoste to chair the fashion competition jury, the famous footwear designer for accessories and Dominique Issermann for photography.
What is your definition of luxury? Most people would have a hard time agreeing, and a cleverly eclectic exhibition in the Musée des Arts Décoratifs in the Louvre entitled Luxes, which opens Thursday, redefines the term.