When PPR swept in as a white knight in a 1999 bidding war and took majority control of Gucci Group, it was with the intention of building a luxury conglomerate around the powerhouse Italian brand. Indeed, the French retail giant would go on to build on the stable of names that came with the group, including Yves Saint Laurent, Balenciaga, Sergio Rossi and Boucheron.
At the time of the initial foray into fashion, it was a common belief — among analysts and executives alike — that established luxury names were nearing “maturity,” spurring important players to build a wider range of brand portfolios to bolster future growth prospects.
"You start one way as a baby, but why shouldn't you be able to choose your own path as opposed to culturally people telling you which way to go?" - Thom Browne at his men's spring 2018 show, where he celebrated gender fluidity. #pfw #wwdmens (📷: @delphineachard)
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)