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Shoppers aren’t splurging on Gucci bags or Balenciaga shoes like they used to, and the "roaring 20s" of the post-COVID boom might be over. Signs of slowdown in the luxury industry began with ...
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]
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 ...
Balenciaga bags, including the Motorcycle Bag, have been consistently popular. [23] Other objects of desire from the Balenciaga business are their shoes, for their great originality in design. Today the Balenciaga fashion house continues under the direction of Cedric Charbit and under the ownership of the Kering group.
Balenciaga returned to second place, as it continued to invest in digital-first initiatives and launched its fall 2021 collection in an online video game. ... Gucci will present its next fashion ...
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 [2] Originally made with wooden bamboo-shaped handles surrounded with functional bands to keep their shape, the bag was first introduced in 1991.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]
Slavina’s mention of Gucci far outstripped Maria Minogarova’s mention of Balenciaga, valued at $49,000 in MIV. Gucci mentioned Balenciaga the most, with Hypebeast a runner-up.
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