Tod’s Parts Ways with Creative Director Matteo Tamburini

Shoes of Italian luxury shoemaker Tod's are displayed in the window of the company's store in Zurich, Switzerland, April 25, 2019. (Reuters)
Shoes of Italian luxury shoemaker Tod's are displayed in the window of the company's store in Zurich, Switzerland, April 25, 2019. (Reuters)
TT

Tod’s Parts Ways with Creative Director Matteo Tamburini

Shoes of Italian luxury shoemaker Tod's are displayed in the window of the company's store in Zurich, Switzerland, April 25, 2019. (Reuters)
Shoes of Italian luxury shoemaker Tod's are displayed in the window of the company's store in Zurich, Switzerland, April 25, 2019. (Reuters)

Tod's creative director Matteo Tamburini will leave the company after nearly three years, the Italian luxury shoemaker said on Wednesday, without naming a replacement.

Tamburini, appointed in December 2023, previously worked at Bottega ‌Veneta. He ‌presented his ‌final ⁠collection for Tod's in ⁠September during Milan Fashion Week.

Tod's Chairman and CEO Diego Della Valle thanked him "for the creative and professional ⁠contribution he made during ‌his tenure, ‌for the commitment he ‌demonstrated, and for the ‌work carried out together with our company teams".

"I conclude this chapter with deep respect ‌for the work we accomplished and for the ⁠people ⁠who made it possible,” Tamburini said in the same company statement.

Tod's, previously listed in Milan, was taken private in 2024 by L Catterton, a private equity firm backed by French luxury group LVMH.



Tod’s Parts Ways with Creative Director Matteo Tamburini

Shoes of Italian luxury shoemaker Tod's are displayed in the window of the company's store in Zurich, Switzerland, April 25, 2019. (Reuters)
Shoes of Italian luxury shoemaker Tod's are displayed in the window of the company's store in Zurich, Switzerland, April 25, 2019. (Reuters)
TT

Tod’s Parts Ways with Creative Director Matteo Tamburini

Shoes of Italian luxury shoemaker Tod's are displayed in the window of the company's store in Zurich, Switzerland, April 25, 2019. (Reuters)
Shoes of Italian luxury shoemaker Tod's are displayed in the window of the company's store in Zurich, Switzerland, April 25, 2019. (Reuters)

Tod's creative director Matteo Tamburini will leave the company after nearly three years, the Italian luxury shoemaker said on Wednesday, without naming a replacement.

Tamburini, appointed in December 2023, previously worked at Bottega ‌Veneta. He ‌presented his ‌final ⁠collection for Tod's in ⁠September during Milan Fashion Week.

Tod's Chairman and CEO Diego Della Valle thanked him "for the creative and professional ⁠contribution he made during ‌his tenure, ‌for the commitment he ‌demonstrated, and for the ‌work carried out together with our company teams".

"I conclude this chapter with deep respect ‌for the work we accomplished and for the ⁠people ⁠who made it possible,” Tamburini said in the same company statement.

Tod's, previously listed in Milan, was taken private in 2024 by L Catterton, a private equity firm backed by French luxury group LVMH.


Sportswear Brand On Expects Higher Profit Margin After Strong Quarterly Sales

Shoes by On are pictured in the Swiss Sport Style shop, in Lausanne, Switzerland, September 14, 2021. (Reuters)
Shoes by On are pictured in the Swiss Sport Style shop, in Lausanne, Switzerland, September 14, 2021. (Reuters)
TT

Sportswear Brand On Expects Higher Profit Margin After Strong Quarterly Sales

Shoes by On are pictured in the Swiss Sport Style shop, in Lausanne, Switzerland, September 14, 2021. (Reuters)
Shoes by On are pictured in the Swiss Sport Style shop, in Lausanne, Switzerland, September 14, 2021. (Reuters)

Sportswear brand On raised its annual gross margin forecast after beating third-quarter sales estimates on Tuesday, as new product launches and celebrity collaboration efforts drove demand across its premium shoes and apparel collections.

The company has grown fast and expanded its store footprint globally, taking market share from bigger rivals such as Nike and Adidas.

The company said its holiday campaign ‌is underway and new ‌products are gaining traction. ‌On ⁠expects fourth-quarter sales growth ⁠to accelerate, even as it maintains its premium positioning and full-price discipline amid a promotional retail environment.

However, the company stuck to its annual sales forecast of 3.47 billion Swiss francs and 3.56 billion Swiss francs.

On, which authorized ⁠its first share buyback plan up ‌to $1 billion through the ‌end of 2029 in September, recently entered football, the ‌world's most popular sport, by signing Kylian Mbappe.

The ‌company did not mention him in the release after the French soccer star was forced to apologize for comments about Mao Zedong two weeks ago ‌that angered China.

US-listed shares were down 4% in volatile premarket trading. The ⁠stock ⁠has fallen nearly 20% so far this year.

On now expects fiscal 2026 gross profit margin to be around 67.5%, or about 66%, excluding US tariff refunds, compared with its previous forecast of at least 65%.

The Swiss company posted third-quarter sales of 931.4 million Swiss francs ($1.14 billion), compared with analysts' estimates of 929.3 million Swiss francs, according to data compiled by LSEG.


Martine Rose Appointed Balenciaga Creative Director as Kering Seeks Fresh Ideas

Workers board up the windows of a Balenciaga shop on October 30, 2026 on Kurfuerstendamm boulevard in Berlin, one day ahead of announced nationwide youths demonstrations called by the initiative "GenZ regelt" ("GenZ will handle"). (Photo by John MACDOUGALL / AFP)
Workers board up the windows of a Balenciaga shop on October 30, 2026 on Kurfuerstendamm boulevard in Berlin, one day ahead of announced nationwide youths demonstrations called by the initiative "GenZ regelt" ("GenZ will handle"). (Photo by John MACDOUGALL / AFP)
TT

Martine Rose Appointed Balenciaga Creative Director as Kering Seeks Fresh Ideas

Workers board up the windows of a Balenciaga shop on October 30, 2026 on Kurfuerstendamm boulevard in Berlin, one day ahead of announced nationwide youths demonstrations called by the initiative "GenZ regelt" ("GenZ will handle"). (Photo by John MACDOUGALL / AFP)
Workers board up the windows of a Balenciaga shop on October 30, 2026 on Kurfuerstendamm boulevard in Berlin, one day ahead of announced nationwide youths demonstrations called by the initiative "GenZ regelt" ("GenZ will handle"). (Photo by John MACDOUGALL / AFP)

British designer Martine Rose is taking over as creative director at Balenciaga, parent Kering said on Friday, replacing Pierpaolo Piccioli after only 16 months in the role. 

Rose's appointment is the third creative leadership shake-up in a month at Kering brands as the French luxury group's CEO, Luca de Meo, tries to restore growth after a bruising three-year slowdown that hit its biggest label Gucci particularly hard, said Reuters. 

Rose, 45, is a menswear designer who founded her eponymous label in London in 2007 and later worked at Balenciaga for three years ‌under then ‌creative director Demna, who now leads Gucci. 

"It ‌is ⁠a true privilege ⁠to be appointed Creative Director of Balenciaga, a House with an extraordinary heritage and a fearless creative spirit," said Rose. 

De Meo said Rose's "connection to the new generation and her instinctive understanding of culture bring a new dimension to the House." 

In his 10 years at Balenciaga, Demna transformed the Spanish label, infusing it with a dark, ⁠dystopian aesthetic and producing viral streetwear hits, such ‌as chunky, distressed sneakers that fueled ‌sales. 

Piccioli, 59, known for colorful haute couture gowns, tried to take the ‌fashion house in a new direction but the former Valentino creative ‌director's designs received mixed reviews from fashion critics. 

Rose was born in Croydon, south London, and her designs are inspired by 1990s rave culture and street style blending high and low fashion, more in line with ‌Kering's aim to attract a new generation of shoppers. Her brand has collaborated with Nike and with ⁠cult skate ⁠brand Supreme. 

In an Instagram post after the announcement, Piccioli thanked his teams, saying: "Life is a journey and each chapter exists to make way for the next." 

Appointed before de Meo took over and began a complete overhaul of Kering, Piccioli only presented three ready-to-wear collections and one haute couture line in his short time at Balenciaga. 

Kering has yet to announce a new creative director at Saint Laurent, its second-biggest brand, to replace Anthony Vaccarello who resigned in October after a decade leading the Parisian fashion label. 

Alexander McQueen is also currently without a creative director after Kering said Sean McGirr was stepping down.