Etro has appointed Fabrizio Cardinali as its CEO, effective in Q4. The company said he brings “more than 25 years of strategic leadership expertise and an unmatched track record in the luxury fashion space”.
The event, which closes Paris Fashion Week on October 5, will unveil a tribute collection designed by AZ Factory, as well as a series of looks conceived by more than 40 designers from a wide variety of backgrounds.
After taking a plunge last week following the announcement of China’s wealth redistribution plan, share prices for the leading luxury groups made up some ground earlier this week, though uncertainty lingers.
AZ Factory, the fledgling fashion house founded by Alber Elbaz, will stage a special homage show to the late designer that will close out this autumn’s Paris Fashion Week on Wednesday evening, October 5.
Swiss luxury goods group Richemont said Friday that sales had climbed above their pre-pandemic level thanks to sales in Asia, the Americas and Middle East. Jewellery sales led the advance, while fashion sales declined.
Building on its “long-term commitment to ensure more sustainable and circular practices”, Net-A-Porter and Mr Porter have entered the pre-owned luxury watches market with Watchfinder & Co for the US market.