Fashion
Already the start of major maneuvers at Kering?
Published
September 15, 2025
Luca de Meo seems intent on reshuffling the deck at Kering. At the French luxury group’s annual general meeting in September, the new Italian boss, who joins from Renault, took a straight line to express his vision. The new roadmap will be announced in early 2026, but he and his team will be making adjustments before the end of the year, he explained.
An understatement. Luca de Meo is due to officially take up his post this Monday at the Paris headquarters of the parent company of Gucci, Saint-Laurent, Bottega Veneta, McQueen, Boucheron and Balenciaga, and has already begun the big maneuvers.
According to WWD and Miss Tweed, Francesca Bellettini, the former CEO of Saint-Laurent, who has been Kering’s Deputy CEO in charge of house development since September 2023, will be in charge of the group’s core business. In this role, all the group’s general managers now report to her. Within the management committee, which was headed by François-Henri Pinault (who remains chairman of the Board as of September 15), Jean-Marc Duplaix was the other deputy managing director, in charge of operations.
This appointment to Gucci’s general management, if confirmed, would imply the departure of Stefano Cantino. Recruited from Louis Vuitton in May 2024 as deputy CEO of Kering’s flagship fashion house, which was then headed by Jean-François Palus, Cantino took over as CEO of Gucci on January 1. If these changes are confirmed, the Italian will have held the reins of the Roman house for only nine months.
For Bellettini, this potential move would be a major challenge, as de Meo has made no secret of the urgent need to turn around the group’s flagship, which accounts for some 40% of global sales in the first half of 2025, as much as a return to its roots. Having been with the group for over twenty years, the Italian executive initially joined Gucci in 2003, where she was director of strategic planning and associate director of merchandising, before transferring to Bottega Veneta and then helping Saint-Laurent grow, first at the end of the Slimane era and then with Anthony Vaccarello.
Media reports announcing this change of challenge for the director suggest that these moves could be made official at the beginning of the week.
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The country imported textile and textile materials worth N 228.83 billion in the first quarter (Q1) this year, N 337.12 billion in Q2 and N 248.32 billion in Q3.
Industry experts blame policy failure, weak execution of credit initiatives, abandonment of promised institutional reforms, pervasive corruption and structural bottlenecks like weak cotton farming, insecurity and the inability to scale locally-produced polyester for the decline, according to Nigerian media reports.
Nigeria’s textile imports rose to N 814.27 billion in January-September 2025—a 47.43-per cent YoY rise despite repeated government claims of the sector’s revival.
Rising imports indicate a weak domestic textile industry.
Industry experts blame policy failure, weak execution of credit initiatives, abandonment of promised institutional reforms, pervasive corruption and structural bottlenecks for the fall.
Hamma Kwajaffa, director general of the Nigerian Textile Manufacturers Association, lamented that the 10-per cent tax on imported textiles—which was introduced when the ban on textile imports was lifted so that the amount collected can be ploughed into domestic textile production—has not been directed to improve the private textile sector.
Kwajaffa pointed to the failure to create a dedicated textile development fund domiciled with the Bank of Industry.
Conflicting positions among top officials had stalled any action related to the sector and repeated workshops and announcements without execution had yielded no tangible outcome, Kwajaffa added.
Fibre2Fashion News Desk (DS)
Published
December 19, 2025
There’s been quite a few end-of-year updates from shopping centres and all of them are upbeat after a busy 2025.
Sheffield’s Meadowhall is one of them, noting it has been a strong year of exchanges on new leases covering 300,000 sq ft of the destination, 80% retail and 20% hospitality, including renewals from 19 tenants.
It said visitor numbers “have also remained consistently high”, headlined by its busiest Black Friday weekend in six years (262,981 visitors across the three days), while October’s school half-term was also the strongest in six years (457,000 visitors representing a 9.7% year-on-year increase).
Meanwhile, commercial brand activations continued to “perform effectively” throughout 2025, including standout initiatives from Trinny London and Jo Malone.
And, of course, new openings and expansions are the lifeblood of any centre with Meadowhall announcing fast-expanding novelty retailer Miniso has just joined its roster while fashion lifestyle brand TK Maxx has extended its presence there, “concluding a strong year of leasing activity and retail performance”.
TK Maxx has added an adjacent unit to create a 19,000 sq ft space, complete with a 173-ft fully-glazed frontage on the Upper Level The Gallery, showcasing its mix of branded fashion, beauty, homeware, and accessories.
Miniso, meanwhile, has opened a 1,759 sq ft store on Lower Level High Street, introducing its range of lifestyle, homeware, and technology products, alongside the brand’s character collections.
These additions follow several major openings in 2025, including beauty majors Sephora and Superdrug.
These introductions round off a period in which several tenants have invested significantly in upgrading and expanding their stores. More than £47 million has been spent by brands alone across 2024 and 2025, with more than a third of Meadowhall’s operators undertaking new fitouts and refurbishments in that time.
Looking ahead to 2026, operator British Land said more than 25 brands have already committed, and will be bringing a further £8 million of investment to the centre.
Louisa Holmes, Asset Director at operator British Land, said: “This year’s level of investment, from new arrivals and long-standing tenants, reflects the confidence brands have in Meadowhall as a critical part of their national portfolio. In addition to that, the centre’s success means our brands are effectively competing to bring the best and latest shop fits and concepts here, elevating the experience for our visitors.”
Copyright © 2025 FashionNetwork.com All rights reserved.
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