Gucci’s experimentation in the digital world – from la mode to marketing – has extended into a new terrain, NFT, as the house has moved to participate in Christie’s debut online auction named Proof of Sovereignty.
After announcing the closure of 500 stores in Europe, and 600 redundancies in Spain, the beauty retailer has merged its Italian, Spanish and Portuguese subsidiaries, now all led by Italy’s former country manager.
After reorganising the retail network, the label founded in London in 1973 wants to streamline its wholesale operations in Italy, aiming to strengthen its position within its main clients and boost profitability.
FashionNetwork.com visited the European offices of the US sportswear giant to find out about its plans for Europe, where, hit by the ‘yellow vest’ protests in France, it is concentrating on London and Milan.
The Italian executive stepped down from his role as EVP at Marcolin in June in order to concentrate his energies into Thélios, the joint venture between the Italian eyewear group and LVMH which he has led since launch.