The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
French fashion house Balmain has appointed Matteo Sgarbossa as chief executive, effective May 6.
Sgarbossa succeeds Jean-Jacques Guevel, who left the Mayhoola-owned business in March 2024. During his tenure, Guevel led the company through the pandemic, boosted the brand’s entry-level offer with the introduction of a monogrammed canvas handbag range and public shows and inked a fragrance licensing deal with Estée Lauder, slated for release later this year.
Sgarbossa will be tasked with fuelling the next phase of growth for the brand alongside longtime designer Olivier Rousteing. He joins from Givenchy, where he served as international director, and previously held roles at Gucci and Mango.
The brand has not yet named a successor to marketing chief Txampi Diz, who also exited in March.
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Balmain: The House Olivier Rousteing Rebuilt
The designer’s extravagant vision and charismatic persona have taken the Parisian luxury house’s annual sales from €20 million to €300 million, Rousteing revealed in an exclusive interview with Laurence Benaïm which covers opulence, longevity, diversity and the aftermath of a shocking robbery.
The Hood By Air co-founder’s ready-to-wear capsule for the Paris-based perfume and fashion house will be timed to coincide with the Met Gala in New York.
Revenues fell on a reported basis, confirming sector-wide fears that luxury demand would continue to slow.
IWC’s chief executive says it will keep leaning into its environmental message. But the watchmaker has scrapped a flagship sustainability report, and sustainability was less of a focus overall at this year’s Watches and Wonders Geneva.
The larger-than-life Italian designer, who built a fashion empire based on his own image, died in Florence last Friday.