In a significant leadership transition, Joseph Altuzarra, the founder of the renowned fashion house, is set to take over as CEO, marking a new chapter for the brand known for its sophisticated and feminine designs. The announcement comes as current CEO Shira Sue Carmi will step down on December 31, 2024, after five impactful years […]
Michael Kors Names New CEO in Capri Leadership Shakeup
In a bold move aimed at reviving its flagship brand, Capri Holdings has announced a significant leadership change at Michael Kors. Cedric Willmote, who has held the position of chief executive since January 2023, will step down, making way for John Idol, Capri Holdings’ CEO and chairman. This transition comes at a crucial time as […]
Fashion Brand Isabel Marant’s Bonds Dive After Sales Slump
The luxury fashion industry faces significant turbulence, a reality starkly illustrated by Isabel Marant’s recent sales report. The brand, known for its distinct Parisian chic, has seen its bonds hit a record low after reporting substantial declines in revenue. With a notable 31% drop in sales to wholesalers and online clients, the company experienced an […]
Eliane Heilbronn, Matriarch Behind Chanel Empire, Dies at 99
Eliane Heilbronn, a pivotal figure in the history of the Chanel luxury brand, has passed away at the impressive age of 99. Her contributions to the fashion industry, especially her role in shaping the future of Chanel, left an indelible mark that will be remembered for years to come. Born Eliane Fischer in 1925, Heilbronn […]
Burberry ‘Acting with Urgency to Course Correct’
In a strategic shift aimed at stabilizing its operations, Burberry has announced a £40 million cost-cutting program under the leadership of its new chief executive, Joshua Schulman. This initiative arises from the pressing need to revitalize the British luxury fashion brand that has faced challenges in recent years. Schulman, previously at the helm of Coach, […]