Burberry has announced a major strategic overhaul, "Burberry Forward," aimed at revitalizing the brand by refocusing on heritage designs and core products like coats and scarves. Following the announcement, shares surged over 22%, marking the largest intraday gain in the company's history. New CEO Joshua Schulman emphasized the need to reconnect with the brand's original purpose and improve performance amid a challenging luxury market.
President Sergio Mattarella appointed new Knights of Labor, honoring prominent figures across various sectors of Made in Italy, including Marina Berlusconi and Lucia Aleotti in pharmaceuticals, and fashion designer Chiara Boni. The recognition celebrates commitment, safety, and sustainability in entrepreneurship, with notable honorees from food, fashion, and heavy industry, reflecting Italy's diverse economic landscape.
Art Basel Paris, debuting at the Grand Palais from October 18 to 20, is quickly becoming a key player in the European art fair scene, attracting 195 exhibitors despite a challenging market. The event features new sections and collaborations with luxury brands, appealing to a diverse audience, particularly Asian visitors. Amid rising costs and a cautious collector base, the fair embodies a unique allure, driven by passion rather than investment potential.
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