Dior yesterday named Italian designer Maria Grazia Chiuri as its new creative director, making her the first woman to lead the iconic French fashion house.
The 52-year-old left the Italian label Valentino on Thursday, paving the way for her appointment.
She is to present her first show in Paris on Sep. 30, the company said, following in the steps of legendary founder Christian Dior and such designers as Yves Saint Laurent, Gianfranco Ferre and John Galliano.
Dior has been without a leader since the shock departure of the Belgian Raf Simons in October last year, which sparked soul-searching in the industry about the pressure creators were under.
Valentino will be in sole charge of Chiuri’s longtime creative partner, Pierpaolo Piccioli.
Together, Chiuri and Piccioli were credited with giving Valentino back its fizz, making it one of the most profitable designer brands in Europe.
They have quadrupled its turnover in seven years, turning Valentino into a billion-euro brand, with business up a staggering 48 percent last year and double-digit growth also predicted this year.
They presented their collection for Valentino on Wednesday at its Paris haute couture show, which Vogue hailed as an “unforgettable farewell.”
Chiuri, whose mother was a dressmaker, but whose parents strongly disapproved of her going into fashion, took over at Valentino with Piccioli when its colorful founder Valentino Garavani retired in 2008.
Valentino, the “Sheikh of Chic,” had poached them from the rival Roman label Fendi about a decade earlier.
There, the pair had pioneered its ground-breaking accessories range, with Chiuri credited with creating its distinctive studded handbags.
Chiuri is known for her love of exquisitely embroidered creations, with the silken applications on one of the gowns in Wednesday’s Paris show taking 480 hours to attach.
Her fairytale floor-sweeping dresses and willowy frocks have won her an army of Hollywood fans, including actresses Gwyneth Paltrow, Anne Hathaway and Keira Knightley.
However, some have questioned her love of mediaeval motifs and called her look “anti-sexy.”
She claims not to have been a natural show-woman, recalling her first show in charge of Valentino as a “nightmare.”
“I was so shy and I found it hard to even talk. The night before I was at home trying to learn English from books” so that she could talk to the media.
She has since developed formidable media savvy, roping actors Ben Stiller and Owen Wilson from the Zoolander films which parody the fashion industry onto the catwalk of her autumn-winter show in Paris last year.
‘ACCORDING TO PLAN’: A company official said that it has set up production sites worldwide to provide services and that its Wisconsin project was going smoothly Hon Hai Precision Industry Co’s (鴻海精密) smart manufacturing center in Wisconsin would begin trial manufacturing in the middle of this year, the company said yesterday, adding that it plans to build a research institute to develop key technologies to support growth over the next five years. Hon Hai, known internationally as Foxconn Technology Group (富士康科技集團), said in an annual report submitted to the Taiwan Stock Exchange that its planned Foxconn Institute for Research in Science and Technology would conduct research into artificial intelligence, next-generation communications, quantum computing, cybersecurity and nano semiconductors in Taiwan. Hon Hai is to make products at the center
STAYING AHEAD: Fitch said that TSMC remains technologically ahead of others, but Samsung is building a new chip fab, while China is investing in its domestic industry As escalating US-China tensions and COVID-19-related production disruptions force US technology supply chains to transform, Taiwan Semiconductor Manufacturing Co’s (TSMC, 台積電) US$12 billion chip fabrication plant in Arizona would be key to spurring greater US production of core semiconductor components, Fitch Ratings said. “We view the US-TSMC alliance as a first step in building a more autonomous US technology supply chain, given high barriers to entry, specifically related to the significant capital and design capability required for leading-edge semiconductor manufacturing,” Fitch said in a statement on Tuesday. “By working with TSMC, US chipmakers will not face the financial burden of incremental investment
E Ink Holdings Inc (元太科技), the world’s sole supplier of e-paper displays for e-readers and shelf labels, posted its best quarterly net profit for the first quarter in nine years amid increased demand during a traditionally slow season. Net profit soared 80 percent to NT$787 million (US$26.23 million) in the quarter ended March 31, compared with NT$438 million a year earlier. That translated into earnings per share of NT$0.69, up from NT$0.39. E Ink posted lower royalty income of NT$371.23 million last quarter from NT$448.74 million a year earlier, a company financial statement showed. E Ink said that it expects royalty income to
DIVERSIFICATION: Although COVID-19 would push more companies to produce in emerging markets, DBS said that it was unlikely that firms would totally leave China Geopolitical tensions and supply disruptions are expected to accelerate the migration of manufacturing out of China, as concerns about the risk of production concentrated in one country increase, S&P Global Ratings said. Although its economic expansion might be weaker than previous levels due to the accelerated relocation of manufacturing, China’s economic growth would still be stronger than that of most other economies, the ratings agency said. “While absolute growth rates will moderate, we believe China’s economic performance will continue to be a key sovereign credit support,” S&P Global Ratings credit analyst Tan Kim Eng (陳錦榮) said in a statement on Thursday. “Its growth