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Designer Berluti Reveals Opening Ceremony Tuxedo for French Athletes

An employee shows the Paris 2024 - Berluti label sewn inside the suit jacket for the French team athletes for the opening ceremony by LVMH's upscale menswear label Berluti, in a showroom at Berluti headquarters in Paris, France, April 10, 2024. REUTERS/Stephanie Lecocq
An employee shows the Paris 2024 - Berluti label sewn inside the suit jacket for the French team athletes for the opening ceremony by LVMH's upscale menswear label Berluti, in a showroom at Berluti headquarters in Paris, France, April 10, 2024. REUTERS/Stephanie Lecocq
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Designer Berluti Reveals Opening Ceremony Tuxedo for French Athletes

An employee shows the Paris 2024 - Berluti label sewn inside the suit jacket for the French team athletes for the opening ceremony by LVMH's upscale menswear label Berluti, in a showroom at Berluti headquarters in Paris, France, April 10, 2024. REUTERS/Stephanie Lecocq
An employee shows the Paris 2024 - Berluti label sewn inside the suit jacket for the French team athletes for the opening ceremony by LVMH's upscale menswear label Berluti, in a showroom at Berluti headquarters in Paris, France, April 10, 2024. REUTERS/Stephanie Lecocq

LVMH-owned menswear brand Berluti unveiled navy wool suits with colored silk lapels for France's Olympic athletes' opening ceremony outfits on Tuesday.
LVMH, a sponsor of the Paris 2024 games, said the "tuxedo-inspired outfit" reflected Berluti's identity, using "noble materials and patina effects" for an elegant, French look.
The jacket lapels have a red and blue motif inspired by the French flag and the brand's signature color-infused patina leather shoes. The women's jackets have cut-away sleeves.
Berluti was founded in Paris in 1895 by a young Italian shoemaker. The French athletes will also wear Berluti trainers or leather loafers.

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Salvatore Ferragamo Adjusted Operating Profit Tumbles in 2024

Models present creations from the Ferragamo Fall/Winter 2025/2026 collection during Fashion Week in Milan, Italy, March 1, 2025. (Reuters)
Models present creations from the Ferragamo Fall/Winter 2025/2026 collection during Fashion Week in Milan, Italy, March 1, 2025. (Reuters)
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Salvatore Ferragamo Adjusted Operating Profit Tumbles in 2024

Models present creations from the Ferragamo Fall/Winter 2025/2026 collection during Fashion Week in Milan, Italy, March 1, 2025. (Reuters)
Models present creations from the Ferragamo Fall/Winter 2025/2026 collection during Fashion Week in Milan, Italy, March 1, 2025. (Reuters)

Salvatore Ferragamo on Thursday reported that its adjusted operating profit had more than halved last year, as the Italian luxury leather goods group looks for a new boss to replace outgoing Chief Executive Marco Gobbetti.

Adjusted earning before interest and taxes (EBIT) dropped to 35 million euros, better than a LSEG analysts consensus, after the company last year said it expected an EBIT around 30 million euros.

The group reported a net loss of 68 million euros in 2024 from a profit of 26 million euros a year earlier.

Ferragamo's revenues declined 4% at constant currencies in the fourth quarter. In January the group flagged "encouraging results" from its direct-to-consumer sales which were overall flat in the last three months of the year.

The group said last month that its CEO Gobbetti would leave on March 6 after little over three years in charge, during which time the former Burberry chief failed to stem a slide in sales at the Florentine brand.