Massimo Piombini, who joined Balmain in April 2017 and piloted the brand through an expansion phase, is leaving the firm. Balmain confirmed that Piombini is leaving for personal reasons, and added that a new chief executive officer would join the company in February.
"Under his leadership the company has experienced a significant growth and organizational evolution, setting a solid basis for further growth of the brand in the next years, Balmain said in a statement. The house wishes him well on his future endeavors."
It is understood that turnover at the Paris-based house almost doubled over the past three years. During Piombini’s tenure, Balmain opened boutiques in Paris, Hong Kong, Moscow, São Paolo and Miami, and it signed a lease for a New York flagship, which is slated to open in the first half of 2020. Continue reading
Despite a recent contraction in fine art sales and fluctuations in jets and yachts, demand for luxury continues to grow. The global luxury market is expected to reach 1.26 trillion euros in 2019, up 8 percent compared with the previous year, or 4 percent at constant exchange rates. Expectations of 3 to 5 percent annual growth at constant exchange rates through to 2025 for personal luxury goods, with sales reaching between 335 and 375 billion euros.
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It is not yet 30 years since he has already marked with his name the very select world of fashion designers. Simon Porte Jacquemus is the designer who never stops climbing and whose celebrities are mad of his clothes and accessories. But his talent is also and above all recognized by his peers. The proof is in the fact that he is nominated for two awards at the upcoming London Fashion Awards. The prestigious event will be held on Monday, December 2 at the Royal Albert Hall.
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Abasi and Rosborough lost touch for several years following school. They reconnected three years later over coffee and an idea Rosborough had formulated.
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