STORE SCORE: Ka-ching. It’s the sound that makes the fashion world go round, and music to the ears of Domenico De Sole, who has been hearing a lot more of it lately. At the Gucci show Thursday night, he pointed out that the Gucci boutique in Milan pulled in about $350,000 (or 300,000 euros) last Saturday — the biggest single-day take for the Italian luxury firm in a non-holiday period. “It’s really showing the strength of the brand,” he said. “The fall collection is doing really well. We’re still up strong double-digits in Europe and we’re very strong in Japan.” De Sole and Tom Ford wouldn’t comment on the progress of the negotiations to renew their contracts with Pinault-Printemps-Redoute, Gucci Group’s majority owner, but sources said that negotiations center on long-term contracts for the pair, making the progress slow. Still, those pesky rumors persist — fueled by the Italian press — that Tom and Dom could jump ship and take over Versace. Asked about that scenario at the show, De Sole waved his hand and walked away, weary of the question. Gucci has denied Versace-related rumors in the past. But fashion insiders consider such a deal a long shot at best — figuring that if the two did leave Gucci, they’d have no problem finding investors to help them launch a new venture.

TOD’S TALK: Could Diego Della Valle be ready for his bow on the catwalk? Word has it that Tod’s, one of fashion’s most focused and successful luxury shoe and accessory labels, could be eyeing a move into a new brand extension: clothes. Della Valle is said to be working on a plan to round out his first limited-edition leather jacket, which just hit the Tod’s stores, with tops and bottoms. And a guest designer could be in the future, to give the leather pieces a trendy spin. At the same time, Della Valle is exploring other fashion ground: In January, Tod’s will unveil a jewelry collection of silver and leather pieces.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus