Fashion
Bulgari appoints Laura Burdese as new CEO
Published
December 18, 2025
Bulgari has named Laura Burdese, a 10-year veteran of LVMH, to be the famed jewellery brand’s CEO, though her appointment is only effective from July 1, 2026. Burdese succeeds Jean-Christophe Babin and will report to Stéphane Bianchi.
“I am very proud of this smooth transition from one great leader to another. For the past three years, Laura and Jean- Christophe have worked side by side to sustain and orchestrate the brand elevation of the iconic Roman jewellery Maison. The nomination of Laura, while opening a new chapter for Bulgari, is a tribute to her strong contribution and accomplishments,” said Stéphane Bianchi, LVMH group managing director and CEO of LVMH watches and jewellery, in a release.
Burdese began her career in the LVMH Group as CEO for Acqua di Parma, before joining Bulgari in 2022 as chief marketing officer. After leading the brand transformation and elevation over recent years, she was promoted to deputy CEO in July 2024.
“Jean-Christophe has shaped the success of TAG Heuer and Bulgari while creating unique paths within their respective industries. I am confident that in his new missions, he will bring the same energy and keep on supporting LVMH and its maisons thanks to his extraordinary vision,” Bianchi added in a release.
Babin will step down as CEO of Bulgari after more than 25 years in the giant luxury group, first at TAG Heuer and then at Bulgari. Under his leadership, the maison underwent a profound transformation, reclaiming its unique position as the quintessential Roman high jeweller. He also spearheaded Bulgari’s advancements in watchmaking and expanded Bulgari into the luxury hospitality industry with new hotels in major global cities.
Babin also demonstrated a strong commitment to Italian craftsmanship, evidenced by the inauguration of a new factory extension in Valenza and the launch of the Scuola Bulgari. Babin will continue to serve as chairman of the Bulgari Board, CEO of the Bulgari Hotel Business Unit, and president of the Bulgari Foundation. He will also report to Bianchi.
Burdese started her career in the beauty industry, holding brand management positions at Beiersdorf and L’Oréal. In 1999, she joined the Swatch Group as marketing director Italy, before doing management stints at Klein Watch and Jewelry and Swatch Group’s Italian subsidiary. In addition to this role in 2012, she was named president and CEO of Calvin Klein Watch & Jewelry Co. Ltd.
In October 2016, she joined LVMH as president and CEO of Acqua di Parma. In 2022, Burdese was appointed vice president of marketing and communications at Bulgari, before being appointed deputy CEO in 2024. She holds a degree in International Economics from the University of Trieste and a Master’s degree in Marketing and Communication.
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Fashion
WTO launches 3rd phase of Enhanced Integrated Framework
EIF is a mechanism aimed at leveraging and coordinating support for trade and investment priorities in least-developed countries (LDCs).
WTO Director-General Ngozi Okonjo-Iweala called for stronger partnerships to achieve the objectives of the Enhanced Integrated Framework’s (EIF) third phase, launched yesterday in Yaounde.
It aims to coordinate support for trade and investment priorities in LDCs.
The latest six-year phase has also secured fresh contribution pledges from Germany, Liechtenstein, Norway, Switzerland and the UK.
The new phase was launched at a side event to the 14th WTO Ministerial Conference (MC14) in Yaounde, Cameroon, co-organised by Cambodia, the United Arab Emirates and the EIF executive secretariat.
The third phase of the EIF introduces a shift from stand-alone projects to multi-year country programming. It is designed to help LDCs better integrate into the global trading system while addressing structural vulnerabilities and seizing new opportunities in areas such as digital trade, services, green value chains and regional integration.
The latest six-year phase also received new contribution pledges from Germany ($1.964 million), Liechtenstein (~$63,139), Norway ($4.15 million), Switzerland ($3.16 million) and the United Kingdom ($6.67 million).
“This third phase of the EIF comes at a defining moment for the LDCs and recently graduated countries. Familiar structural vulnerabilities are being compounded by a disrupted global trading system, power politics, debt pressures, climate change, and global economic uncertainty. At the same time, the current global context offers some important opportunities for LDCs to use trade to drive growth, development, and job creation,” Okonjo-Iweala said in a release issued by the WTO.
The DG also emphasised the need to scale up support and partnerships to match the ambition of the new phase.
Fibre2Fashion News Desk (DS)
Fashion
Vietnam overtakes China in US jackets, blazers imports
US imports of jackets and blazers stood at $*,***.*** million in ****, reflecting a moderation from $*,***.*** million in **** and $*,***.*** million in ****. Despite the overall contraction, Vietnam strengthened its dominance, with exports rising to $***.*** million in ****, even as China’s shipments dropped sharply to $***.*** million, according to *fashion.com/market-intelligence/texpro-textile-and-apparel/” target=”_blank”>sourcing intelligence tool TexPro.
The transition has been gradual but decisive. In ****, China led with $***.*** million in exports to the US, ahead of Vietnam’s $***.*** million. The gap narrowed in ****, with China at $***.*** million and Vietnam close behind at $***.*** million. By ****, Vietnam had nearly caught up, reaching $***.*** million compared to China’s $***.*** million. The turning point came in ****, when Vietnam surged ahead as China’s exports declined significantly.
Fashion
China concludes Mexico tariffs create trade barriers for firms
The probe, initiated on September 25, 2025, was conducted under China’s Foreign Trade Law and the country’s regulations on foreign trade barrier investigations.
China’s Ministry of Commerce (MOFCOM) has concluded that Mexico’s tariff hikes and other restrictive measures on non-FTA partners constitute trade and investment barriers against China.
The probe, launched on September 25, 2025, found the policies limited market access and hurt Chinese firms, with Beijing authorised to take countermeasures to protect domestic industries.
MOFCOM found that Mexico’s decision to raise import tariffs on products from countries without free trade agreements, including China, as well as other restrictive policies, had limited market access for Chinese goods, services and investment.
The ministry stated that these measures had “restricted and impeded the entry of Chinese products, services and investment into the Mexican market,” thereby weakening the competitiveness of Chinese enterprises.
According to the ministry’s spokesperson, the findings confirm that Mexico’s policies constitute trade and investment barriers under Chinese law. The MOFCOM is authorised to take corresponding measures to safeguard the legitimate interests of Chinese industries.
The investigation forms part of China’s broader response to tariff hikes imposed by Mexico on non-FTA partners, which Beijing has repeatedly criticised as protectionist and detrimental to bilateral economic ties.
Fibre2Fashion News Desk (JP)
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