Fendi Names Maria Grazia Chiuri as Creative Director of the Italian Fashion House

Italian designer Maria Grazia Chiuri poses during a photocall upon arrival to attend the Spring/Summer 2025 menswear ready to wear joint fashion show hosted by Vogue World as part of Paris Fashion Week at Place Vendome in Paris, on June 23, 2024, ahead of the upcoming Paris 2024 Olympic Games. (AFP)
Italian designer Maria Grazia Chiuri poses during a photocall upon arrival to attend the Spring/Summer 2025 menswear ready to wear joint fashion show hosted by Vogue World as part of Paris Fashion Week at Place Vendome in Paris, on June 23, 2024, ahead of the upcoming Paris 2024 Olympic Games. (AFP)
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Fendi Names Maria Grazia Chiuri as Creative Director of the Italian Fashion House

Italian designer Maria Grazia Chiuri poses during a photocall upon arrival to attend the Spring/Summer 2025 menswear ready to wear joint fashion show hosted by Vogue World as part of Paris Fashion Week at Place Vendome in Paris, on June 23, 2024, ahead of the upcoming Paris 2024 Olympic Games. (AFP)
Italian designer Maria Grazia Chiuri poses during a photocall upon arrival to attend the Spring/Summer 2025 menswear ready to wear joint fashion show hosted by Vogue World as part of Paris Fashion Week at Place Vendome in Paris, on June 23, 2024, ahead of the upcoming Paris 2024 Olympic Games. (AFP)

Fendi on Tuesday named Maria Grazia Chiuri as its new creative director, replacing Silvia Venturini Fendi, who stepped aside last month to become honorary president of the fashion house founded by her grandparents and now owned by the French luxury conglomerate LVMH.

Chiuri’s first collection for the Rome-based fashion house will be previewed next February during Milan Fashion Week.

Chiuri, 61, most recently served as creative director of LVMH's Dior and is a former co-creative director at Valentino alongside Pierpaolo Piccioli. She started her career at Fendi designing handbags.

“Maria Grazia Chiuri is one of the greatest creative talents in fashion today, and I am delighted that she has chosen to return to Fendi, to continue expressing her creativity,” Bernard Arnault, chairman of LVMH, said in a statement.

Venturini Fendi had taken over womenswear in addition to menswear after the departure last year of Kim Jones, who became artistic director for womenswear and couture in 2020 following the death of fashion giant Karl Lagerfeld, who shaped Fendi over half a century.

Fendi this year celebrated the 100th anniversary of its founding as a handbag maker and furrier in Rome by Edoardo and Adele Fendi. Their five daughters — Paola, Anna, Franca, Carla and Alda — transformed it into a global luxury fashion house.

“I return to Fendi with honor and joy, having had the privilege of beginning my career under the guidance of the house’s founders, the five sisters,” Chiuri said in a statement.

Chiuri’s appointment comes amid a major game of musical chairs among creative directors at major houses, with many debuts taking place during fashion weeks in September and October.

They include Matthieu Blazy at Chanel, Jonathan Anderson at Dior, Piccioli at Balenciaga, Demna at Gucci, Alessandro Michele at Valentino, Simone Belotti at Jil Sander, Dario Vitale at Versace and Louise Trotter at Bottega Veneta.



Debenhams' New Pay Plan Without Vote 'Disgraceful', Says Top Investor Frasers

Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)
Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)
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Debenhams' New Pay Plan Without Vote 'Disgraceful', Says Top Investor Frasers

Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)
Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. (Reuters)

A move by struggling British online fashion retailer Debenhams to push ahead with a new executive pay scheme without seeking approval from investors was "utterly disgraceful", the finance chief of rival Frasers said on Thursday.

Frasers is Debenhams' biggest investor with a 29.7% stake.

Last week, Debenhams said that one of the reasons it was not asking for a shareholder vote on the new pay scheme worth up to 222 million pounds ($296 million) was because a "major competitor" investor, which it did not name, had tried to block previous resolutions.

Debenhams has been locked in a long-running tussle with Frasers, majority-owned by British retail tycoon Mike Ashley, which unsuccessfully attempted to block its rebrand and oust its co-founder.

Frasers' chief financial officer Chris Wootton said Debenhams' latest move, which could see CEO Dan Finley earn up to 148 million pounds if Debenhams' share price hits 3 pounds over the next five years, was "typical corporate governance from them, utterly disgraceful".

However, he told Reuters that if Debenhams achieved a share price of 3 pounds "shareholders will be happy."

Debenhams shares were trading at 22.25 pence on Thursday, down 3.3%.


Zara Owner Inditex Reports Strong Start to Winter Sales

FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo
FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo
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Zara Owner Inditex Reports Strong Start to Winter Sales

FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo
FILE PHOTO: A person walks by a Zara store in Plaza de Espana in Madrid, Spain, June 11, 2025. REUTERS/Ana Beltran/File Photo

Zara owner Inditex said sales grew 10.6% in constant currency over the start of its fourth quarter, beating analysts' expectations for the November period that includes the crucial Black Friday sales.

The $178 billion fast fashion giant also reported on Wednesday sales of 9.8 billion euros ($11.41 billion) for its third quarter ending October 31, higher than the 9.69 billion euros expected by analysts according to an LSEG estimate.

The results from Inditex, seen as a bellwether for the global fast fashion sector, provide a first glimpse into how successful the key Black Friday sales weekend was for retailers.

The strong sales growth in the period from November 1 to December 1 compared to a year ago marked an acceleration from the nine-month currency-adjusted growth rate of 6.2%, an encouraging sign for the fourth quarter, its biggest in terms of revenues.


Hugo Boss Sees 2026 EBIT at 300 Million-350 Million Euros on Strategic Overhaul

FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov/File Photo/File Photo
FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov/File Photo/File Photo
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Hugo Boss Sees 2026 EBIT at 300 Million-350 Million Euros on Strategic Overhaul

FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov/File Photo/File Photo
FILE PHOTO: Plastic toilet cabins are reflected in a window with the logo of Hugo Boss fashion company in central Moscow, Russia, May 8, 2025. REUTERS/Maxim Shemetov/File Photo/File Photo

German fashion group Hugo Boss on Tuesday said it expects its earnings before interest and taxes to be between 300 million and 350 million euros ($406.74 million) in 2026, as it undertakes a strategic overhaul.

The company forecast currency-adjusted sales to fall in mid- to high-single digits in 2026 before returning to growth in 2027, due to deliberate brand and channel realignment, Reuters reported.

The update follows last month's guidance for 2025 at the lower end of its range, between 4.2 billion and 4.4 billion euros in sales and operating profit of 380 million to 440 million euros, citing rising macroeconomic uncertainty and adverse currency moves.

It had also reported its quarterly sales below expectations, hurt by weaker demand in Britain and China and pressure from a softer dollar.

The company said it would provide a detailed outlook for 2026 on March 10, alongside full-year 2025 results.