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Eleventy: Revenue at €127 million, Chicago store opening imminent, push in the US and Asia

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Eleventy: Revenue at €127 million, Chicago store opening imminent, push in the US and Asia


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January 20, 2026

From its elegantly appointed 1,000-square-metre showroom at 11 Via Uberto Visconti di Modrone in Milan, which showcases the brand’s entire universe, high-end clothing and accessories label Eleventy presented its Autumn-Winter 2026/27 collection, marked by colours new to the house, an expanded assortment—especially in footwear—and the use of new raw materials such as vicuña, as revenue stabilises and new store openings are readied, starting in Chicago.

Eleventy, Autumn-Winter 2026/27

“It’s an important year for us, one in which we wanted to reinvent ourselves, because we believe it’s right to go back to being special,” Marco Baldassari, who continues to lead the brand he owns as CEO, tells FashionNetwork.com. “We had certainly spent many years operating in our comfort zone, with light colours, which by now are no longer distinctive. So we wanted to introduce new, more sophisticated, darker colours and silhouettes that are new to us, to differentiate ourselves once again from what the market offers.”

“The inspiration for the collection,” Eleventy’s CEO continues, “begins with an inner journey of reconnection with nature, which becomes our stage.”

Brown, therefore, assumes a central role in Eleventy’s wardrobe, as do very deep, almost black greys—like the winter sky—alongside forest greens and burgundy.

“This change has been noticed and, I must say, warmly received by buyers, also because I think it’s right to rekindle the desire of a consumer who perhaps had found the market a bit flat, lacking truly new propositions, where everything seems interchangeable,” the entrepreneur notes.

“It’s one of the contributing factors to this global downturn in fashion and luxury sales. More than tariffs, which in my view have somewhat distracted from the real issue—the strengthening of the euro, alongside the weakening of the yen and the dollar—pricing has certainly played a part, and in many cases the end consumer has not found it justified. With a very balanced price-to-quality proposition, Eleventy has not been particularly affected by this phenomenon. I hope this new collection of ours will reignite a great deal of desire, because we have completely reinvented ourselves, including in terms of fit and aesthetic.”

Eleventy, Autumn-Winter 2026/27
Eleventy, Autumn-Winter 2026/27

Eleventy, which in late 2025 opened its first flagship in Lisbon, will continue its programme of monobrand openings in 2026. The most significant will be in Chicago, in the United States.

“The U.S. is our most important market, thanks also to the mentality of the American consumer, who tends to spend more and is more inclined to purchase than the European customer,” Baldassari observes.

Eleventy currently employs 200 people and has 18 monobrand stores managed directly from headquarters, plus 22 with franchise partners, for a total of 40 monobrand stores. In the multibrand channel, the Milan-based label is carried in around 300 carefully selected doors worldwide.

“To be special, and thereby sell a quality product, you also have to be more selective in distribution, sometimes sacrificing opportunities in favour of a longer-term vision,” the CEO said.

The womenswear collection is growing within Eleventy’s business; today it accounts for 25 per cent of revenue, with turnover rising to 127 million euros from approximately 100 million in 2024 (it was 43 million euros in 2022 and 65 million in 2023, ed.), with 18 per cent generated in Italy and 82 per cent abroad. After the US comes the Middle East, Europe overall, and Asia, where Baldassari highlights South Korea and Japan as growth markets, while China remains to be defined.

Eleventy, Autumn-Winter 2026/27
Eleventy, Autumn-Winter 2026/27

The agreement between the European Union and Mercosur to further liberalise trade between them “is certainly a new opportunity that we will not fail to evaluate with great attention and interest,” said the founder, in the presence of Gianmarco Tamberi, who has officially become Eleventy’s new brand ambassador.

“The choice of Gianmarco Tamberi is due to two fundamental reasons. First, we are Italian and we want to bring Italy to the world, which an athlete like him represents excellently. Second, the alignment of our respective values: to achieve the results we have, we have made many sacrifices, with hard work, consistency, commitment and discipline. These are all elements that unite our paths,” the founder continued.

Since in recent years fashion has first seen the rise of tennis-inspired style and then that of skiing (preceded about fifteen years earlier by golfwear and polowear), can athleticwear be trendy in the coming years as well?

In other words, will athletics succeed in conveying its values to the general public, as it has almost never managed to do in the past? “Achieving results certainly helps to spur similar developments,”  Tamberi replies.

“We were coming out of a period (from around 2000 to 2015) when athletics had a huge void of champions in Italy. Now something has shifted, especially since the Tokyo 2020 Olympics, after the famous five gold medals we managed to bring home. Results can allow the personalities who achieve them to emerge; otherwise it’s difficult to bring a movement to public attention. Today, many young people in athletics are coming through,” explains the high jumper, who in his discipline has won at least once everything there was to win, having been Olympic champion at the Tokyo 2020 Games, world champion in Budapest 2023, world indoor champion in Portland in 2016, and three-time European champion (2016, 2022, 2024), not to mention victories at the European Indoors and two Diamond League finals reached.

Eleventy, Autumn-Winter 2026/27
Eleventy, Autumn-Winter 2026/27

“The collaboration with Eleventy came about very naturally, as we share similar values,” confirms the Ancona-born athlete. “For a few years I had the honour of being a Giorgio Armani ambassador, whom I take this opportunity to thank and acknowledge. When that partnership ended, several companies came forward to have me as a testimonial, but I couldn’t find any that resonated with me and with what I want to represent and communicate. Then Marco Baldassari got in touch. And everything clicked into place naturally.”

Founded in Milan in 2007 by Marco Baldassari and Paolo Zuntini, joined in 2009 by Andrea Scuderi, and now majority controlled (65 per cent) by the Fashion Cube fund—a holding company composed of the VEI Capital fund and a Gulf financial group that controls all the sales networks of the high-end apparel and accessories company—Eleventy works exclusively with natural Italian materials and 100% made in Italy production. Present in more than 30 countries, it also has directly operated stores in cities such as Milan, New York, Paris, Tokyo, Seoul and Dubai.

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Dutch inflation slips to 2.8% in December 2025

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Dutch inflation slips to 2.8% in December 2025



Consumer goods and services in the Netherlands were 2.8 per cent more expensive in December 2025 than a year earlier, according to Statistics Netherlands (CBS). This marked a marginal cooling from November’s 2.9 per cent year-on-year (YoY) reading. On a month-on-month basis, consumer prices remained virtually unchanged compared with November.

With the December data now finalised, average consumer price inflation for the whole of 2025 stood at 3.3 per cent compared with 2024, CBS said in a release.

Under the Harmonised Index of Consumer Prices (HICP), Dutch inflation eased to 2.5 per cent in December from 2.6 per cent in November. By contrast, inflation across the euro area declined from 2.1 per cent to 2 per cent, helped by lower energy prices.

Consumer inflation in the Netherlands has eased slightly to 2.8 per cent in December 2025, down from 2.9 per cent in November, according to Statistics Netherlands (CBS).
Prices were broadly stable month on month (MoM).
Average inflation for full-year 2025 came in at 3.3 per cent, while euro area inflation slowed to 2 per cent.

Fibre2Fashion News Desk (HU)



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Germany’s Hugo Boss reshapes structure with menswear, womenswear units

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Germany’s Hugo Boss reshapes structure with menswear, womenswear units



HUGO BOSS is establishing a new organizational structure with two dedicated powerhouses for menswear and womenswear. The new setup is designed to ensure gender-specific expertise across all brand and product areas, unlock synergies, and drive efficiency and collaboration between the two brands, BOSS and HUGO. It thereby supports the company’s CLAIM 5 TOUCHDOWN strategy introduced in December and lays the foundation for future growth, especially in the womenswear area.

As part of this transformation, Kerstin Dorst will assume the newly created role of Senior Vice President Business Unit Womenswear as of January 15, reporting into HUGO BOSS Chief Sales Officer and Deputy CEO Oliver Timm. Dorst joins HUGO BOSS from Tory Burch, where she spent more than 10 years in New York and played a key role in growing the brand’s main collection and sportswear. Prior to Tory Burch, she worked at Adidas for over five years in Germany and Asia, contributing to the launch of the brand’s SLVR premium sportswear line, among others. In her new role, Dorst will also oversee the creative direction for womenswear collections, working closely with Marco Falcioni, HUGO BOSS Creative Director.

Hugo Boss is introducing separate menswear and womenswear business units to strengthen gender-specific expertise, unlock synergies and support its CLAIM 5 TOUCHDOWN growth strategy.
Kerstin Dorst will join as SVP Business Unit Womenswear from January 15, reporting to Oliver Timm, while Christian Schwinn continues to lead menswear across Boss and Hugo.

“With the new organizational structure, we are reshaping our business units to strengthen our focus on womenswear and lay the foundation for future growth. The new set-up will enable us to address gender-specific preferences even better and to deliver collections with a true customer centric approach in both areas in the future,” said Oliver Timm, Chief Sales Officer and Deputy CEO of HUGO BOSS. “In this context, I am pleased to welcome Kerstin Dorst in the newly created role for womenswear. Her extensive international experience and profound expertise will play a key role in taking our womenswear business to the next level in the years to come.”

The BOSS Menswear business will continue to be led by Christian Schwinn, who will additionally take on responsibility for HUGO Menswear as Senior Vice President Business Unit Menswear.

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (RM)



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North India cotton yarn trade slows amid US tariff uncertainty

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North India cotton yarn trade slows amid US tariff uncertainty



In the Ludhiana market, cotton yarn prices were broadly stable, with spinning mills maintaining their selling rates due to advance export sales bookings. A Ludhiana-based trader told Fibre*Fashion, “The cotton yarn market has become highly sensitive to US tariff-related developments. After earlier threats of *** per cent US tariffs, the recent announcement of a ** per cent tariff on Iran’s trading partners has triggered fresh concerns. Buyers have turned extremely cautious and are restricting purchases to immediate requirements only.”

In Ludhiana, ** count cotton combed yarn was sold at ****;****** (~$*.***.**) per kg (inclusive of GST); ** and ** count combed yarn were traded at ****;****** (~$*.***.**) per kg and ****;****** (~$*.***.**) per kg, respectively; and carded yarn of ** count was noted at ****;****** (~$*.***.**) per kg today, according to trade sources.



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