Wednesday is the fashion set's trip to Italy for Milan Fashion Week, which is hosted amid an uncertain future for luxury but is commemorated by a new designer at Moschino.
The women's runway collections from several designers, including Versace, Fendi, Prada, and Dolce & Gabbana, offer a dash of glitz and celebration in the northern fashion center of Italy.
Milan gets its chance to shine once again after New York and London's fashion weeks, with 56 runway shows scheduled for its Fall/Winter 2024–2025 schedule until Sunday.
However, they are released against a backdrop of uncertainty in the world market for luxury clothes.
According to McKinsey's State of Fashion study, which was released in November, the industry is only predicted to grow internationally by three to five percent this year. Muted growth estimates, inflation worries, an economic downturn in China, and geopolitical risk loom big for the sector.
That is less than the five to seven percent projection for 2023.
The National Chamber for Italian Fashion estimates that the fashion industry in Italy, which encompasses apparel and leather goods, shoes, jewelry, cosmetics, and accessories, increased by 4% to over 103 billion euros ($110 billion) in revenue last year.
Carlo Capasa, the chairman of the association, stated that it is too soon to predict what 2024 may bring for the sector.
Capasa told reporters earlier this month that "it will take resilience" since it is a challenging year.
"We are aware of three conflicts, as well as the US and European elections. This year is one of change."
- Elites congregate -
But when the glitterati congregate for the action-packed week of the finest in fashion, frazzled nerves are rarely seen in the front seats.
According to Capasa, approximately 100,000 attendees—including buyers, journalists, and brand representatives—are anticipated during Fashion Week, a 10% increase from February of last year.
The Adrian Appiolaza for Moschino collection, which makes its premiere on Thursday, will be much anticipated by fashion observers.
After his predecessor passed away within ten days of taking over, the Argentine designer—who had previously worked at Loewe—was appointed creative director of the irreverent, pop-influenced company last month.
Veteran Gucci executive Davide Renne was brought in when Jeremy Scott resigned after ten years in charge. Renne passed away in November.
Franco Moschino founded the company, which is well-known for its whimsical, whimsical designs that are frequently adorned with catchphrases like "Good Taste Doesn't Exist" or "Gilt without Guilt," or parodies of well-known consumer brands like Barbie and McDonald's.
Additionally, debut collections from Matteo Tamburini at Tod's and Walter Chiapponi at Blumarine—the flirtatious, denim-heavy brand previously headed by Nicola Brognano—are anticipated.
After Chiapponi departed Tod's in 2019, Tamburini, who had most recently served as head of ready-to-wear for Bottega Veneta, took over as artistic director.
End//voice7news.tv
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