Bottega Veneta Shows Off 'Soft Functionality' in Milan

Bottega Veneta, known for its handbags, offered a clothing collection showing off what it called 'soft functionality'. Stefano RELLANDINI / AFP
Bottega Veneta, known for its handbags, offered a clothing collection showing off what it called 'soft functionality'. Stefano RELLANDINI / AFP
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Bottega Veneta Shows Off 'Soft Functionality' in Milan

Bottega Veneta, known for its handbags, offered a clothing collection showing off what it called 'soft functionality'. Stefano RELLANDINI / AFP
Bottega Veneta, known for its handbags, offered a clothing collection showing off what it called 'soft functionality'. Stefano RELLANDINI / AFP

British designer Louise Trotter showed her debut collection for Bottega Veneta in Milan Saturday with a collection focused on "soft functionality", with structured clothes in supple, draped fabrics.

In front of an audience that included actresses Uma Thurman and Julianne Moore, the models wore leather coats and suits with wide shoulders as well as voluminous fur-like tops -- one in shimmering gold -- matched with slinky skirts, said AFP.

Other dresses were more fitted, wrapped around the body and lined with cotton so they slid off the skin, in a collection focused on tailoring and the softest leathers, satin and wool.

Bottega Veneta is known for its handbags, and these were also big, brightly colored and made with the label's trademark "intrecciato" leather weave and carried under the arm.

Trotter, who was named last December, said she sought inspiration from the early years after the founding of the firm in Vincenza in 1966, and its expansion into the United States.

This included the decision not to brand its bags but let the craftsmanship speak for itself.

"I think the early period between 1966 and 1977 is a good starting point for me. I discovered this sort of soft functionality in bags, a liberation of women at that time," Trotter said backstage after the Milan Fashion Week show.

"And also I think I discovered this bold confidence. To wear a bag without a logo, you have to be confident."

She recalled Laura Braggion, Bottega Veneta's first female creative lead, who was part of Andy Warhol's team in New York.

"I was imagining her journey, her freedom of being an archetypal Italian woman, moving to New York and that experience -- it was a liberation for her," she said.

Trotter took over at Bottega Veneta from Matthieu Blazy, after a career that included French fashion label Carven, Lacoste and Joseph.

She said working with the resources and artisans of the Italian firm, which is owned by French luxury giant Kering, was like "opening a candy box".

All luxury brands have suffered in recent years from a slowdown in Chinese spending.

But Bottega Veneta has been more resilient than its Kering stablemates, particularly Gucci, with sales up one percent in the first half of 2025.



China's HongShan Reportedly Eyes $2.9 Billion Golden Goose Deal by Christmas

People walk in a commercial street at the historical Shichahai district in Beijing, China, December 3, 2025. REUTERS/Sarah Meyssonnier
People walk in a commercial street at the historical Shichahai district in Beijing, China, December 3, 2025. REUTERS/Sarah Meyssonnier
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China's HongShan Reportedly Eyes $2.9 Billion Golden Goose Deal by Christmas

People walk in a commercial street at the historical Shichahai district in Beijing, China, December 3, 2025. REUTERS/Sarah Meyssonnier
People walk in a commercial street at the historical Shichahai district in Beijing, China, December 3, 2025. REUTERS/Sarah Meyssonnier

China's HongShan Capital Group (HSG) has sent a 2.5 billion euro ($2.91 billion) offer to private equity Permira to buy Italian luxury sneaker maker Golden Goose, with the aim of signing the deal by Christmas, daily la Repubblica reported on Friday.

Details still need to be defined but the offer gives the luxury group an enterprise value of 10 times the core profit expected by the end of the year, debt included, the newspaper said.

Golden Goose's revenues totaled 655 million euros in 2024, with an adjusted core profit of 227 million euros.

HSG has asked veteran fashion industry executive Marco Bizzarri to become Golden Goose's future chairman, la Repubblica said, adding that the Chinese private equity aims to expand Golden Goose's directly-managed stores, particularly in Asia, and plans to list the group in the medium-term.

Last year the Venice-based company, which sells sneakers for more than 500 euros a pair, shelved plans for an initial public offering on the Milan Bourse, citing market volatility caused by political uncertainty in Europe.


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.