John Galliano has renewed his contract as creative director of the house of Maison Margiela, in a vote of confidence in the controversial British designer by the brand's owner, Italian billionaire Renzo Rosso.
Renzo Rosso, who owns more fashion-forward brands than anyone in Italy, is one busy man. We caught up with the fashion empresario in Manhattan to hear how his radical readjustment of Diesel is progressing.
The Italian denim label has tweaked its new store concept, introduced in Copenhagen last May, and will adapt its other monobrand stores accordingly, choosing between renovations, new openings and closures.
Renzo Rosso’s fashion group has increased the stake its holds in the Dutch label from 51 to 70% of the capital, while the remaining 30% is in the hands of founders and designers Viktor Horsting and Rolf Snoeren.
The LVMH-owned luxury label, which is getting ready for a big September relaunch with ready-to-wear, is redefining its image with a new logo and a shortened name, having dropped the founder's first name.
Italian fashion group OTB is planning to invest 200 million euros ($226 million) over the next three years, potentially in acquiring other brands, after boosting its financial strength in 2018, it said on Monday.