Vogue Business

@voguebusiness

Everything you need to stay ahead in fashion.
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@Alessandro_Michele has been appointed the new creative director of @MaisonValentino . “It’s an incredible honour,” said Michele of his appointment today. “I feel the immense joy and the huge responsibility to join a Maison de Couture that has the word ‘beauty’ carved on a collective story made of distinctive elegance, refinement, and extreme grace.” His appointment ends 14 months of speculation about where Michele would resurface following his exit from Gucci. The Roman designer’s first day at Rome’s archetypal couture house will be next Tuesday, 2 April. His debut collection under the Valentino flag will be spring 2025: under current plans, it will be unveiled during this September’s edition of Paris Fashion Week at what will be the season’s most anticipated show. Read the exclusive at the link in bio.
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When #EmRata shared a photo of herself wearing two diamond rings to her 30 million Instagram followers last week with the caption “Divorce rings,” the post was met with over a million engagements. “I don’t think a woman should be stripped of her diamonds just because she’s losing a man,” she said to Vogue explaining her decision, adding that she loved the “idea of a ring unabashedly representing the many lives a woman has lived." Now, with a focus on repurposing wedding jewellery, brands are eyeing up the opportunity. Tap the link in bio to find out more.
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This month’s biggest trends, recorded by the #VogueBusiness Beauty Trend Tracker, have landed - from a rise in searches for ‘glowy’ skin and a surge in chrome nails to purchases of hair oil, we’ve analysed just which beauty trends users jumped on the most this month and how brands can tap in. Head to the link in bio, subscribe to #VogueBusiness , and receive the Trend Tracker in your inbox weekly.
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Funding for AI companies is surging and investors are now eyeing startups that offer specific uses for fashion and retail. From new ways to design and market to ways of discovering pieces, #VogueBusiness breaks down the 6 problems in the fashion industry that AI can help to solve. Tap the link in bio to discover more. Photo: @mrstreetpeeper .
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“Wait, is he playing Tom Ford in a biopic, or what’s going on here?” read a late-night text @eljosecriales received on the night of the Academy Awards. The text was regarding #GlenPowell , who arrived at the @vanityfair #OcarsParty in head-to-toe #TomFord . Except that he wasn’t just wearing @TomFord , he was dressed as Ford himself: black tuxedo, a bow tie and the designer’s signature orange-tint sunglasses. Also in attendance — and also in Tom Ford cosplay — was the young actor #DominicSessa . Powell and Sessa both worked with stylist Warren Alfie Baker, but it’s worth remembering that Ford’s successor #PeterHawkings also dresses evocatively like the man himself. “What the customer wants right now is to embody the brand,” says Jodi Kahn, VP of luxury fashion at Neiman Marcus, “for certain brands, it might mean the actual designers, and for others it means the brand aesthetic.” Paired with the news week that #DriesVanNoten will also be stepping down from his label, what does it mean for brands when the founder departs? Find out at the link in bio.
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In 2012, Valentino was acquired by Qatari investment fund Mayhoola for €700 million and in July of last year, Kering announced the acquisition of a 30% share in Valentino for a cash consideration of €1.7 billion. The deal includes the option for Kering to acquire the rest of the brand by 2028. Kering chairman and CEO François-Henri Pinault describes Valentino as “a unique Italian house that is synonymous with beauty and elegance”. Valentino’s revenues in 2022 amounted to €1.4 billion. On Friday, @pppiccioli announced he would be stepping down as creative director of @maisonvalentino after 25 years at the luxury brand. With a new creative director yet to be named, what’s next? Find out more at the link in bio. #Valentino Autumn/Winter 2024.
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Fashion has been discussing sustainability for years, yet women are the most prominent designers focused on sustainability. That’s not a coincidence, says @gabrielahearst , founder of her eponymous label and former creative director at #Chloé . “I do think we take a more holistic approach to our thinking and our doing than men,” she says. For an industry that has been making one promise to the planet after another, how can the creative focus on sustainability remain so heavily divided by gender? “It is not easy. I cannot count the number of times I was the only woman in the room and called an ‘eco weirdo’ for what I was saying. Even 23 years into my Stella journey, it still happens,” @stellamccartney said. At the link in bio #VogueBusiness explores why it’s a problem for fashion’s sustainability commitments.
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@pppiccioli is leaving @maisonvalentino . Piccioli joined the house in 1999 as an accessories designer alongside Maria Grazia Chiuri, the pair were appointed co-creative directors in 2008 and Pierpaolo then took on the role of sole creative director in 2016 and is credited for shaping the Maison’s trajectory with his vision. “Not all stories have a beginning or an end, some live a kind of eternal present that shines so bright that it won’t produce any shadows. I’ve been in this company for 25 years and for 25 years I’ve existed and I’ve lived with the people who have woven the weaves of this beautiful story that is mine and ours,” he said in a statement. Piccioli thanked Mr. Valentino and Giancarlo Giammetti who he said had blessed him with their trust. A successor has not yet been named. Tap the link in bio for more.
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Disappointment echoed around the industry as people rushed to resale sites, only to find their favourite items had already been snapped up. #DriesVanNoten’s retirement announcement on Tuesday morning provoked an outpouring of grief from fans of his eponymous label, which he has helmed for almost 40 years. It also drove a surge in demand for pre-loved items that encapsulate the designer’s signature style. At the link in bio #VogueBusiness explores how the buzz can allow resale sites to cash in. Photo 1: Dries Van Noten Spring/Summer 2020 Photo 2: Dries Van Noten Spring/Summer 2020 Photo 3: Dries Van Noten Spring/Summer 2005 Photo 4: Dries Van Noten Spring/Summer 2023 Photo 5: Dries Van Noten Spring/Summer 2002 Photo 6: Dries Van Noten Spring/Summer 2011
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#LVMH’s management reshuffle continues. Toni Belloni, group managing director of LVMH and chairman of its executive committee, will relinquish his duties and leave the board of directors following its annual general meeting on 18 April, the company announced earlier today. At the link in bio discover what this means for the luxury conglomerate and find out who has been named successor.
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Japanese fashion is known for being avant-garde and innovative, but when it comes to sex appeal? Not so much. In four short years, @fetico_official ’s Emi Funayama has brought a new kind of sensuality to the Japanese fashion market, turning £10,000 of savings into a seven-figure business in the process. At the link in bio she tells #VogueBusiness how.
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Despite efforts to turn #Gucci , sales have continued to falter amid weakened demand, with a knock-on impact on group performance. Yesterday, #Kering said the continued decline at its top brand is weighing heavily. Tap the link in bio to find out what's next and details of the elevation strategy. #Gucci Autumn/Winter 2024 during #MilanFashionWeek
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