Weekly highlights
Week from 2023-01-23 to 2023-01-27
Kering has appointed Sabato de Sarno, the right-hand man of Valentino designer Pierpaolo Piccioli, as Gucci’s new creative director. Investors have been eagerly awaiting such news since the abrupt departure of Alessandro Michele at the end of November. De Sarno, who spent 14 years at Valentino, has been hired to make Gucci more chic and less theatrical, industry sources said. Gucci has been underperforming rival megabrands for the past three years and is in dire need of a creative reboot to help sales regain momentum.
Paris Couture Week was back in full force this week with lots of spectacular shows applauded by affluent ladies flown in from all over the world ready to spend thousands of euros on a beautiful dress. Recession? What recession? Couture buyers did not seem to care much about the current state of the world. Many had not been to a show in three years and were eager to splurge.
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