Bright spots included a growth at the Roger Vivier brand and in Greater China, as management touts the arrival of a new creative director at the Tod’s brand and an increasing focus on retail.
Iannone will design apparel and accessories collections for a new luxury lifestyle project.
Crédit Agricole Group will grant Prada SpA 50 million euros over five years through a Sustainability Term Loan, introducing a rewarding annual pricing adjustment based on the achievement of sustainability targets.
Receiving WWD’s Womenswear Designer of the Year honor, Valentino’s creative director said the brand is where he can better express his values and ideas as he spoke of couture, inclusivity and how “dreams help make a better reality.”
The designer had joined the Italian men’s wear brand, controlled by Qatar-based Mayhoola, in the summer of 2017.