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Sebastian Picardo is new Monica Vinader CEO

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Sebastian Picardo is new Monica Vinader CEO


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October 14, 2025

UK-based jeweller Monica Vinader has a new CEO with Sebastian Picardo now at the helm of the brand that has been run by its founders for its entire history.

Monica Vinader

Picardo is a seasoned luxury executive who’s worked at Holt Renfrew, Lane Crawford, Burberry, Net-A-Porter and Alexander McQueen

His most recent role was as president & CEO at Canada’s Holt Renfrew for five years, joining in summer 2020 as the pandemic made it one of the most difficult periods for luxury department stores.

Before that he’d spent six years at one of Asia-Pacific’s key names, Lane Crawford, ending his time there as deputy president. Previously he’s been digital commerce MD at Burberry, head of finance at Net-A-porter, and financial controller at Alexander McQueen.

So he’s clearly an extremely experienced executive and leader with crucial time spent both at the upper end of the luxury segment and also in the more affordable premium space in which Monica Vinader operates. And his knowledge of the international market should also be key.

Its big move for the brand that was founded by siblings Monica and Gabriela Vinader in 2008 and has been profitable for most of its history.

With Picardo as CEO, Monica Vinader remains an executive and also the brand’s artistic director while Gabriela Vinader has become a non-executive director.

They said Picardo is “perfectly placed to guide our next phase of growth” and will work to accelerate the business’s global reach, “scaling innovation, inspiring existing and new audiences, and setting new standards for modern luxury jewellery”.

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Estée Lauder opens innovative Fragrance Atelier within its new La Maison des Parfums in Paris

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Estée Lauder opens innovative Fragrance Atelier within its new La Maison des Parfums in Paris


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October 14, 2025

The Estée Lauder Companies Inc., under the high patronage of French president Emmanuel Macron, announced the opening of its Fragrance Atelier within its new La Maison des Parfums on Rue Volney in Paris on October 14. This global innovation hub is designed to accelerate the business’ strategic ambitions in luxury and prestige fragrances.

The Exterior of La Maison des Parfums in Paris – The Estée Lauder Companies Inc.

“It is with great pride and excitement that we open our Fragrance Atelier in Paris,” said The Estée Lauder Companies’ president and CEO Stéphane de La Faverie in a press release. “Building on our incredible heritage of creativity and innovation, the Atelier will propel our future growth in this dynamic category- uniting world-class expertise, cutting-edge technology, and the artistry of fragrance to accelerate innovation across our portfolio. Located in the cradle of perfumery, our teams will blend state-of-the-art technology, data-driven intelligence, and olfactive expertise to craft the next generation of extraordinary scents for our consumers worldwide.”
 
The Estée Lauder Companies stated that the opening of the Atelier marks a significant milestone in its long-term commitment to the fragrance industry and honours its eponymous founder’s lifelong passion for perfumes. Designed to fuse creativity with science and technology, the Atelier’s AI-enabled, end-to-end creation process will harness olfactive and neuroscience modelling to develop new technologies and reduce fragrance development lead times by up to 30% to 50% over the coming years.

The new La Maison des Parfums is located in the heart of the French capital, measures an expansive 2,000 square metres, and is spread across five storeys. The immersive environment will serve as a shared innovation engine for all of the business’ fragrance labels, which include Jo Malone London, Le Labo, Tom Ford, and Kilian Paris.
 
Innovation spaces include a ‘Music Room’ and laboratories where experts will undertake processes including CO? supercritical extraction and GCMS molecule analysis. The Atelier will also employ neuroscience-based consumer modelling to turn sensory data into insight to help its creators develop truly emotive fragrances.

“We are extremely proud that The Estée Lauder Companies has chosen France as the location for its new Fragrance Atelier,” said French ambassador for international investments and chairman of the Board of Business France Pascal Cagni. “Their choice demonstrates the confidence that international leaders have in French excellence, which is driven by a unique ecosystem of creative talent, innovation, and globally recognised expertise. The French perfume and cosmetics industry, with more than 30 billion euros in revenue, is a key driver of growth and attractiveness.”
 
The Estée Lauder Companies’ global research and innovation network also spans the US, China, Europe, and Canada with region-specific facilities that promote discovery across the business’ operations. The Estée Lauder Companies employs over 1,200 individuals in France and a number of its brands, including Darphin Paris and Lab Series, are headquartered in the country. The Fragrance Atelier thus deepens the business’ commitment to both France and the fragrance industry.
 

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Indian textile exporters turn to Europe, offer discounts to offset US tariffs

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Indian textile exporters turn to Europe, offer discounts to offset US tariffs


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Reuters

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October 14, 2025

Indian textile exporters are seeking new buyers in Europe and offering discounts to existing US customers to cushion the blow from steep US tariffs of as much as 50%, industry executives said. President Donald Trump doubled tariffs in August on Indian imports, placing them among the highest for any trading partner, and affecting goods and produce ranging from garments and jewellery to shrimp.

The textile industry is a major employment provider in India – Reuters/ Samuel Rajkumar

A Mumbai-based garment exporter, who sought anonymity ahead of signing export contracts, said his company was prioritising diversification into European Union markets and that an early trade deal with the bloc would help boost shipments from India.
Trade talks between India and the EU have entered a decisive phase, as their teams work intensively to meet a year-end target for signing a free trade pact.

The EU is India’s largest trading partner for goods, with two-way trade of $137.5 billion in the fiscal year to March 2024, for an increase of nearly 90% over the past decade. Indian exporters are stepping up efforts to meet the EU’s tougher standards on chemicals, product labelling, and ethical sourcing, textile exporters said.

Exporters are upgrading production facilities to meet these standards, said Rahul Mehta, whose website describes him as the chief mentor of the Clothing Manufacturers Association of India. Exporters are also keen to reduce their dependence on the US, Mehta added.

The US was India’s largest market for textiles and apparel in the fiscal year to March 2025, taking nearly 29% of total exports of roughly $38 billion. Some exporters have started offering discounts to retain US customers, said Vijay Kumar Agarwal, chairman of Mumbai-based Creative Group, whose US exports make up 89% of its total shipments.

If US tariffs continue to bite, the company could lose 6,000 to 7,000 of its 15,000 workers, and after six months may consider moving production to Oman or neighbouring Bangladesh, Agarwal said.

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THG hails strong beauty division performance in Q3

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THG hails strong beauty division performance in Q3


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October 14, 2025

THG’s Q3 trading statement had good news on Tuesday with the strongest quarter of organic sales growth since 2021 and revenue up strongly on a continuing basis.

Photo: Pixabay

The three months to the end of September saw accelerating growth in both THG Beauty and THG Nutrition.

Total revenue rose only 2.4% to £405.2 million but on a continuing basis it rose 6.3%. And while total Beauty revenue fell 1.2% to £258.2 million, on a continuing basis it rose 4.2%.

The combined impact of disposals and discontinued activities reduced group year to date and Q3 revenue growth by 340bps and 270bps, respectively.

In Beauty, the company has discontinued a number of activities and sold its luxury portfolio.

But the company continues to expect Beauty sales for the second half as a whole to rise between 1% and 3% (with the key Golden Quarter having only just started).

THG said Q3 put Beauty on track for a record advent sales contribution in 2025. Combined with solid momentum in UK retail (including double-digit revenue growth for Lookfantastic) and impressive contributions from newly launched brands, that overall revenue growth of 4.2% was the highest since Q1 2024.

US retail performance continued to improve, driven by category growth in luxury skincare and devices, with growing customer subscriptions supporting order frequency and lifetime value improvements.

The sale of the luxury portfolio and other asset disposals, alongside the commercial decision to withdraw from certain sales activity in Europe and Asia, accounted for the vast majority of the revenue decline seen so far in 2025. But the largest of these factors has now annualised.

CEO Matthew Moulding said of all this: “In THG Beauty, our focus on commercial discipline and elevating the brand proposition has driven a return to revenue growth, supported by a strong advent launch.

“Our progress is a direct result of the strategic initiatives and operational change we have implemented, and we are well positioned for the key trading period ahead.”

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