01 

Bottega Veneta creative director Daniel Lee to leave 

Fashion Without Borders has learned that Kering Group has released a statement saying that British designer Daniel Lee, who joined Bottega Veneta as creative director in July 2018, will be leaving the company. Kering Group did not reveal the exact reason for Daniel Lee’s departure in the statement, but said that a new successor will be appointed soon. It is reported that since his appointment, Daniel Lee has created items such as the explosive woven mule shoes and the cloud bag, which have been a huge success on both the creative and commercial levels. Since then, he has changed the brand’s business strategy and set a new direction for the brand by removing his social accounts andorganizing travelling fashion shows, among other disruptive tactics. As previously reported by Fashion Without Borders, Bottega Veneta recorded a 9.3% increase in sales in the third quarter to €363 million, a slowdown from the strong growth of 40.6% in the first half and almost 20% in the first quarter. 

02 

Yeezy brand claimed $950,000 for false shipping 

Fashion Without Borders has learned that American rapper Kanye West’s Yeezy brand has recently settled with a California court for $950,000 for delayed shipping of an online order. It is reported that Yeezy showed on its official brand website that the standard shipping process for domestic orders was 2-3 days and would be shipped in 3-5 days at the latest, while this time it failed to ship to its California customers within 30 days of placing the order, which the California court therefore ruled was false advertising and a violation of California law. 

03 

Salvatore Ferragamo’s China revenue soars over 22% in the first three quarters 

Fashion Without Borders has learned that Salvatore Ferragamo’s sales jumped 33.9% year-on-year to €785 million in the first three quarters to 30 September, with gross margins improving to 67.7% and net profit recording €40 million, a significant improvement on the €96 million loss recorded in the same period last year. During the period, the Asia Pacific market became the group’s most significant source of revenue, with revenues jumping 22.7% year-on-year and accounting for 47% of total sales, boosted by strong growth of 22.1% and 16.1% in the retail channel in China and Korea. Salvatore Ferragamo also announced that its new Chief Executive Officer, Marco Gobbetti, will officially join the Group on 1 January 2022. 

04  

Decathlon to set up regional headquarters for multinational companies in Beijing 

Decathlon, the world’s largest integrated sporting goods group, recently exhibited at the 4th Fair’s Consumer Goods Zone in the Sporting Goods and Events section, reaping huge rewards during the six-day exhibition, with exhibits turning into merchandise and a number of partnerships signed to strengthen its industrial chain in China. It is reported that during the exhibition, Decathlon brought a series of world premiere exhibits, such as a one-minute universal quick-drive roof tent, innovative skis suitable for infants aged 1-4 years old to go on ice and snow, sports performance tracking badminton rackets and other products. In addition, Decathlon also announced that it will set up a regional headquarters for multinational companies in Beijing, and will deepen the development of the whole industrial chain layout in the future, taking innovation and cooperation as elements to increase China’s role as an important role as a global premiere of new products and to land more projects with global leadership in China. 

05 

Alexander McQueen to support arts education for young people in London’s East End 

According to Fashion Without Borders, Alexander McQueen has announced that he will be supporting A Team Arts Education, an arts education organization. A Team Arts Education is a community-based arts education organization for young people in the London borough of Tower Hamlets, which aims to help and support young people aspiring to enter the arts and design industry. workshops and courses for young people and teachers.