Luxury Headlines – 01/12/2025
Luxury Headlines – 01/12/2025
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Golden Goose Reports Strong 9M FY2025 Results
Golden Goose Group S.p.A. delivered strong financial performance for the first 9 months of 2025, with net revenues increasing by +13% year over year to €517.1 million. Growth was fundamentally driven by a +21% year over year increase in DTC revenues, which now accounts for 79% of total sales. Profitability remained strong, with an Adjusted EBITDA of €173.6 million, reflecting a margin of 33.6%. Geographically, the Group sustained double-digit growth across all regions. EMEA and APAC grew +15% respectively, while the Americas achieved +10% growth. The DTC segment was particularly strong in EMEA (+24%) and in both the Americas and APAC (+18%), supported by a network of 227 Directly Operated Stores.
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Armani Names New Board of Directors
Following the founder’s passing, Giorgio Armani S.p.A. has completed the succession procedures and appointed a new 8-member Board of Directors to ensure continuity. The Board, which is now fully operational, is led by Chairman Pantaleo Dell'Orco and CEO Giuseppe Marsocci. It includes 3 family representatives ( Pantaleo Dell'Orco, Silvana Armani and Andrea Camerana) and 4 non-executive directors: Marco Bizzarri, Federico Marchetti, John Hooks, and Angelo Moratti, all selected for their industry expertise. The Board is mandated to uphold the founder’s principles, governed by the Giorgio Armani Foundation.
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MyTheresa Names Francis Belin as New CEO
Mytheresa has named Francis Belin as iChief Executive Officer, effective January, replacing Michael Kliger. Belin previously held executive positions at Swarovski and Richemont and was the president of the Asia Pacific region at auction house Christie’s. She will report to Kliger, who retains his role as CEO of MyTheresa's parent company, LuxExperience. This transition supports the LuxExperience multi-year plan to reach €4 billion in revenue by 2030, a significant increase from €2.7 billion in fiscal 2025.
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LV Elevates ‘Retailtainment’ Concept in Seoul
Louis Vuitton is implementing a global 'retailtainment' strategy centered on positioning new mega-flagships as hybrid cultural destinations to drive luxury spending, especially among younger Asian shoppers. The launch of "LV The Place Seoul,” a 53,720 sq. ft. space featuring 33,600 sq. ft. of retail and a record 12,175 sq. ft. of exhibition area, serves as the current test site, following similar projects in Bangkok and Shanghai. Concurrently, the brand is preparing for the December 19th opening of Maison Louis Vuitton in Beijing’s Taikoo Li Sanlitun, which will include the city’s first Louis Vuitton Café. The Beijing location is specifically designed to attract younger clientele with a mix of entry- level and high-end products, including 4 private lounges for VIC clients. The company plans to scale this model globally within 6 years, with flagships already planned for the Champs-Élysées and Beverly Hills.
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Harrods Broadens Offer with Rolex CPO and Department Revamp
Harrods is expanding and refurbishing its fine jewelry and watch departments via a multi-million-pound investment. In parallel with this redevelopment, the retailer is strengthening its brand ties by becoming a Rolex Certified Pre-Owned (CPO) official retailer. The new central area within the fine watches department will offer pre-owned Rolex watches, authenticated and serviced according to the brand’s criteria, and accompanied by a new 2-year international guarantee. This program ensures that all certified watches are at least 2 years old and verified for authenticity.
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Jonathan Anderson Chooses LA for the Dior Cruise Show
Dior is reinforcing its focus on the American market, with Creative Director Jonathan Anderson choosing Los Angeles as the venue for his inaugural Cruise collection show on May 13. This decision follows the recent opening of a major Dior flagship on Rodeo Drive. The show precedes Louis Vuitton’s New York Cruise presentation, and, alongside Chanel’s US show, signals renewed executive confidence in the American luxury consumer. Anderson, who became Dior’s Creative Director in March 2025, follows predecessors who strategically selected California as a venue for resort collections.
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Jacquemus Ventures into Skiwear with Nike
French label Jacquemus has expanded its ongoing partnership with Nike by launching its first skiwear collection, "Après Ski". The 18-piece apparel capsule, which includes Gore-Tex jackets and stirrup leggings, dropped this week across Jacquemus’ direct channels and will launch on nike.com and selected partners on December 3rd. This seasonal activation follows Jacquemus’ winter pop-up presence in Courchevel since 2023. Designer Simon Porte Jacquemus stated the collaboration provides an opportunity to introduce a new fashion narrative into the ski community. In parallel, the brand partnered with Lacroix to create custom, striped skis and a mask, available December 1st.
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