Bottega Veneta

Luxury group Kering, which owns fashion houses including Gucci and Bottega Veneta, has reported a 10% fall in revenue to €3.4bn (£2.95bn) in the third quarter of 2025, as the performance of its flagship brand Gucci continued to weigh on group results.

Matthieu Blazy has been named artistic director of powerhouse french brand Chanel, with Carven's Louise Trotter moving to fill his role at Italian brand Bottega Veneta in the latest round of musical chairs at the top of the luxury fashion sector. Drapers examines the industry's views on the shake-up.

Chanel has appointed Matthieu Blazy, who announced his departure from Bottega Veneta earlier this afternoon, as its new artistic director.

Kering-owned luxury Italian label Bottega Veneta has appointed Carven's Louise Trotter as its new creative director, succeeding Matthieu Blazy.

Despite a downturn in the luxury sector, brands such as Miu Miu and Hermès are thriving by leveraging heritage, creative direction, cultural engagement and strategic pricing, luxury experts tell Drapers.

Designers including Louis Vuitton, Christian Dior and Bottega Veneta are upsizing their stores on Sloane Street as a £46m revamp of the luxury shopping destination begins.