New Designers Make a Splash at Moschino, Tod’s and Blumarine during Milan Fashion Week

 Models present creations from the Moschino Fall-Winter 2024/2025 collection during Fashion Week in Milan, Italy, February 22, 2024. (Reuters)
Models present creations from the Moschino Fall-Winter 2024/2025 collection during Fashion Week in Milan, Italy, February 22, 2024. (Reuters)
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New Designers Make a Splash at Moschino, Tod’s and Blumarine during Milan Fashion Week

 Models present creations from the Moschino Fall-Winter 2024/2025 collection during Fashion Week in Milan, Italy, February 22, 2024. (Reuters)
Models present creations from the Moschino Fall-Winter 2024/2025 collection during Fashion Week in Milan, Italy, February 22, 2024. (Reuters)

Designers are giving their first impressions at their new fashion houses during Milan Fashion Week.

In a game of musical chairs, Matteo Tamburini showed his first collection for Tod's on Friday just hours before his predecessor there, Walter Chiapponi, made his debut as creative director of Blumarine.

Adrian Appiolaza premiered his first collection for Moschino Thursday evening in a bittersweet moment just a month and a half after being named. His appointment followed the sudden death of David Renne just 10 days into his tenure.

Here are highlights from designer debuts during Milan Fashion Week of mostly womenswear previews for Fall-Winter 2024-25.

TAKING A STAND AT MOSCHINO Having just six weeks to pull together a collection forced Argentinian Appiolaza to be very decisive, creating a collection that he said "didn’t feel too overthought."

He plunged into the archives, taking inspiration from fashion house founder Franco Moschino’s sense of subversion, love of archetypes and trompe l’oeil playfulness.

Appiolaza’s vision invoked a dreaminess. Looks were as if being roused from sleep, and the garments were at times surreal — folded newspaper boat hats, turbans created from shirt sleeves, or a cowboy hat that was unfinished in the back, like a piece of stage scenery seen only from the front. A top was constructed out of men’s ties; a golden bowtie hung sideways as a necklace. Extravagant strands of pearls were worn under a sheer dress.

The feminine silhouette was defined by ruffles, bustles and slip dresses, complemented by men’s vests fitted with garters, oversized cloth shirts and masculine trousers.

"The idea was trying to convey Franco’s universe. It was not really about creating a ready-to-wear collection, but something that told a story," Appiolaza said backstage after the Thursday evening show.

While many brands made circumspect reference to global conflicts, responding mostly with comfort collections of cozy clothes, Appiolaza was more direct, with garments emblazoned with peace signs or the word PEACE written capitals. "I thought it was a good idea to bring peace as a universal message," the designer said.

Closing the show, a Black model wore a top of the Italian tricolor, green, white and red, which Appiolaza said was part of the collection’s message of inclusion. Some social media commentors read it also as a statement about the war in Gaza: the Palestinian flag is green, white, red and black, the black reflected in the closing look’s monochrome skirt and collar detailing on the tricolor top with a trailing tassel. The model carried a piece of bread.

TOD’S FOR THE TRAVELER Matteo Tamburini’s journey with Tod’s departed from a Milan tram depot, with the city’s distinctive vintage orange trams serving as a backdrop.

"We selected this location because it speaks to dynamism, which is closely linked to Tod’s aesthetic. The collection was thought for people who travel, who move in the world," Tamburini said backstage, citing the daytime workhorse Di Bag and the trademark driving moccasin as key starting points.

The mostly monochrome looks featured rich leather dresses, skirts and overcoats, made cozy with layered, twisting knitwear. Trenches were oversized; button-down cotton shirts were layered one over the other; trousers featured deep cuffs, while jacket shoulders were slightly enlarged. Bags were soft, molding into the body. Belts had oblong buckles resembling a vehicle grating. The driving shoe featured long tassels, for movement.

Tamburini said the collection reflects the duality of Milan, at once an expression of the bourgeois and Italy's industrial power.

Tod’s group recently announced an operation to delist the company. Speaking on the sidelines of the show, chairman Diego Della Valle told reporters there was no reason to sell the business after the operation is complete. "We have a family business with young people who want to do this job. What could be better?’’ he asked.

Front-row guests included Chinese actor Xiao Zhan, US actor Larsen Thompson and South Korean singer Jungwoo.

BLUMARINE’S NIGHTTIME PLUNGE Walter Chiopponi took Blumarine back to its romantic rebel days of the 1990s when the star vibes of Chloe Sevigny and Mila Jovovich aligned with the fashion house.

The creative director assembled an array of female codes for his debut collection: bows and lace, animal prints and florals, kitten knits and silk.

The Blumarine girl was wandering home after a night out, at times disheveled in an animal print coat, silken shorts and floral pumps with a tattered bow that looked well walked-in. Full of the emotion of the evening, she held it together in soft pastel knits and floret applique tops and dresses that epitomized femininity. A velour slip dress with lace gloves, and a black lace dress over animal print tights gave boudoir looks the final say.

"The clothes are made by the city," Chiopponi said.



Kering’s Fourth-Quarter Sales Fall Less Than Expected as Gucci Slide Continues

The logo of French luxury group Kering is seen at Kering headquarters in Paris, France, February 13, 2023. (Reuters)
The logo of French luxury group Kering is seen at Kering headquarters in Paris, France, February 13, 2023. (Reuters)
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Kering’s Fourth-Quarter Sales Fall Less Than Expected as Gucci Slide Continues

The logo of French luxury group Kering is seen at Kering headquarters in Paris, France, February 13, 2023. (Reuters)
The logo of French luxury group Kering is seen at Kering headquarters in Paris, France, February 13, 2023. (Reuters)

Kering reported on Tuesday a slightly smaller-than-expected drop in fourth-quarter sales, as investors await details of CEO Luca de Meo's plans ​to revive the Gucci owner's flagging fortunes.

Sales reached 3.9 billion euros ($4.64 billion), down 3% from the previous year when adjusted for currency swings. That beat analysts' consensus forecast for a 5% drop, according to Visible Alpha.

The revenue drop was 10% at Italian flagship label Gucci, which accounts for most of Kering's profits, versus analyst expectations of a 12% decline.

It ‌was the brand's ‌10th straight quarter of revenue ‌decline.

Finance ⁠Chief ​Armelle ‌Poulou told journalists Gucci saw some improvement at the end of last year in "almost all regions", helped by newly introduced products and handbag sales.

Grappling with weak sales since the maximalist styles of Gucci's former star designer Alessandro Michele fell out of fashion in 2022, Kering has faced heightened investor scrutiny over its high ⁠debt and declining profitability.

Free cash from operations fell by 35% last year ‌when excluding one-off payments from real estate ‍sales, reaching 2.3 billion euros, Kering ‍said.

"For Kering, it's really about (restoring) the broad desirability globally," said ‍JPMorgan analyst Chiara Battistini.

Facing an uncertain business outlook, the group, which also owns Gucci Balenciaga, Bottega Veneta and Yves Saint Laurent, further reduced its store network by 75 boutiques with further closures planned, Poulou said.

The ​earnings underscored the steep challenges Kering faces to catch up with peers even though its shares have ⁠risen around 50% since de Meo's appointment was announced last June.

"2025 did not reflect Kering's true potential or the strength of our brands, but it enabled us to lay the foundations for our future recovery," said Poulou.

Kering's annual operating income reached 1.63 billion euros, less than a third of its 2022 level. Kering's operating profit margin fell to 11% group-wide and 16% at Gucci, down from 28% and 36% three years earlier.

By contrast, LVMH delivered a 22% margin last year amid ‌a broader luxury slowdown, with its leather and fashion division - home to Louis Vuitton and Dior - hitting 35%.


Pieter Mulier Named Creative Director of Versace

(FILES) Pieter Mulier attends the 2025 CFDA Awards at The American Museum of Natural History on November 03, 2025 in New York City. (Photo by Dimitrios Kambouris / GETTY IMAGES NORTH AMERICA / AFP)
(FILES) Pieter Mulier attends the 2025 CFDA Awards at The American Museum of Natural History on November 03, 2025 in New York City. (Photo by Dimitrios Kambouris / GETTY IMAGES NORTH AMERICA / AFP)
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Pieter Mulier Named Creative Director of Versace

(FILES) Pieter Mulier attends the 2025 CFDA Awards at The American Museum of Natural History on November 03, 2025 in New York City. (Photo by Dimitrios Kambouris / GETTY IMAGES NORTH AMERICA / AFP)
(FILES) Pieter Mulier attends the 2025 CFDA Awards at The American Museum of Natural History on November 03, 2025 in New York City. (Photo by Dimitrios Kambouris / GETTY IMAGES NORTH AMERICA / AFP)

Belgian fashion designer Pieter Mulier has been named the new creative director of the Milan fashion house Versace starting July 1, according to an announcement on Thursday from the Prada Group, which owns Versace.

Mulier is currently creative director of the French fashion house Alaïa, and was previously the right-hand man of fellow Belgian designer and Prada co-creative director Raf Simons at Calvin Klein, Jil Sander and Dior.

In his new role, Mulier will report to Versace executive chairman Lorenzo Bertelli, the designated successor to manage the family-run Prada Group. Bertelli is the son of Miuccia Prada and Prada Group chairman Patrizio Bertelli.

“We believe that he can truly unlock Versace’s full potential and that he will be able to engage in a fruitful dialogue,’’ The Associated Press quoted Lorenzo Bertelli as saying of Mulier in a statement.

Mulier takes over from Dario Vitale, who departed in December after previewing just one collection during his short-lived Versace stint.

Mulier was honored last fall by supermodel and longtime Alaïa muse Naomi Campbell at the Council of Fashion Designers of America for his work paying tribute to brand founder Azzedine Alaïa. Mulier took the creative helm in 2021, after Alaïa’s death.


Ralph Lauren’s Margin Caution Eclipses Stronger‑than‑expected Quarterly Results

Guests wait after viewing the latest Ralph Lauren collection in New York City, US, April 17, 2025. REUTERS/Caitlin Ochs/File photo
Guests wait after viewing the latest Ralph Lauren collection in New York City, US, April 17, 2025. REUTERS/Caitlin Ochs/File photo
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Ralph Lauren’s Margin Caution Eclipses Stronger‑than‑expected Quarterly Results

Guests wait after viewing the latest Ralph Lauren collection in New York City, US, April 17, 2025. REUTERS/Caitlin Ochs/File photo
Guests wait after viewing the latest Ralph Lauren collection in New York City, US, April 17, 2025. REUTERS/Caitlin Ochs/File photo

Ralph Lauren posted third-quarter results above Wall Street estimates on Thursday, but the luxury retailer's warning of margin pressure tied to US tariffs sent its shares down nearly 6.4% in premarket trading.

The company expects fourth-quarter margins, its smallest revenue period, to shrink about 80 to 120 basis points due to higher tariff pressure and marketing spend.

Ralph Lauren, which sources its products from regions such as China, India and Vietnam, has relied on raising prices and reallocating production to regions with lower duty exposure to offset US tariff pressures, Reuters reported.

"Ralph Lauren has been able to raise prices for some time now. There is some limit on how long it can continue to do this. I think (the company's) gross margins are near peak levels," Morningstar analyst David Swartz said.

The company, which sells $148 striped linen shirts and $498 leather handbags, has tightened inventory, lifted full-price sales and refreshed core styles, boosting its appeal among wealthier and younger customers, including Gen Z.

Higher-income households are still splurging on luxury items, travel and restaurant meals, while lower- and middle-income consumers are strained by higher costs for rents and food as well as a softer job market.

The New York City-based company saw quarterly operating costs jump 12% year-on-year as it ramped up brand building efforts through sports-focused brand campaigns such as Wimbledon and the US Open tennis championship.

The luxury retailer said revenue in the quarter ended December 27 rose 12% to $2.41 billion, above analysts' estimates of a 7.9% rise to $2.31 billion, according to data compiled by LSEG.

It earned $6.22 per share, excluding items, compared to expectations of $5.81, aided by a 220 basis points increase in margins and an 18% rise in average unit retail across its direct-to-consumer channel.

Ralph Lauren now expects fiscal 2026 revenue to rise in the high single to low double digits on a constant currency basis, up from its prior forecast of a 5% to 7% growth.