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Balenciaga (/ b ə ˌ l ɛ n s i ˈ ɑː ɡ ə / bə-LEN-see-AH-gə, [1] Spanish: [balenˈθjaɣa], Basque: [balents̻i.aɣa]) is a Spanish luxury fashion house headquartered in Paris.It designs, manufactures and markets ready-to-wear footwear, handbags, and accessories, and licenses its name and branding to Coty for fragrances. [2]
The traditional Balenciaga house was turned into a disruptive fashion house [32] and Yves Saint Laurent hit the 2-billion dollar sales mark in 2019. [33] However, from 2015 to 2022, the group's revenue was essentially driven by Gucci's year-on-year high performance, hitting the 10-billion dollars sales mark in 2022. [34]
In February 2001, Gucci a subsidiary of Kering, acquired Bottega Veneta for $156 million. [15] Patrizio di Marco was appointed CEO and Tomas Maier creative director. [16] In 2002, the brand launched a fashion jewelry line, followed by a fine jewelry line in 2006. [17] By 2005, the company was profitable again. [18]
Balenciaga has entered the South American market. Today it will unveil its first retail outpost in Brazil at JK Iguatemi, the mall in the financial heart of Sao Paulo. Measuring at 1,948 square ...
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Revenues were down 14 percent at Gucci, which is transitioning to a new design direction. Balenciaga had a "difficult" December. Gucci, Balenciaga Slowdowns Dent Kering’s Q4 Results
The Diana bag is a rectangular tote. [2] Originally made with wooden bamboo-shaped handles surrounded with functional bands to keep their shape, the bag was first introduced in 1991. [2] It was redesigned by Alessandro Michele and released as a part of Gucci's Diana Capsule in 2021. [3]
Kim Kardashian attended Balenciaga's Fall 2024 Show in a cool high-fashion look that had a sporty edginess, a futuristic touch, and, of course, some skin tight elements.
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