MILAN — Voters in Italy on Sunday sent a clear message: Let’s turn a new leaf. But the ensuing political shake-up — and the risk of a hung parliament — didn’t faze the Italian stock market or luxury fashion shares, which mainly closed up at the end of trading here on Monday.
The antiestablishment Five Star Movement and the Northern League emerged as the winners of the general elections, elbowing out former Prime Ministers Silvio Berlusconi and Matteo Renzi of the Forza Italia and Democratic parties, respectively. However, since no political party has reached a 40 percent stake — which would mean a majority to form the two houses of parliament, the Chamber of Deputies and the Senate — the elections remained in a political gridlock.
“I’m looking forward to jumping into the creative process and exploring fashion through a different lens,” said actor Michael B. Jordan exclusively to WWD about becoming the first face of @coach ‘s men’s business. Not only will the actor appear in its global ad campaigns, but he will also create a capsule with designer Stuart Vevers. Tap the link in our bio to learn more. #wwdfashion
“The name of the show is GP — giant pockets,” said Karl Lagerfeld pre-show, in his backstage meeting room at @Fendi to Bridget Foley. @Bellahadid was one of the many famous faces who graced the catwalk including @Gigihadid, @Adwoaaboah, and yes, even @Kendalljenner. #wwdfashion
Photographed by Kuba Dabrowski/WWD
“We are obsessed with Fendi and we want to share this obsession,” said CEO Serge Brunschwig to WWD. @Fendi will be releasing a new capsule collection Oct. 16 centered around the Fendi/Fila logo created by Instagram artist @Hey_reilly. Further proving the logo trend isn’t going anywhere. Link in our bio for more details. #wwdfashion