Fashion in 2024: Crisis, Returns, and New Talents
2024 was a turbulent year for fashion, marked by financial crisis, major creative director changes, and generational turnover. Alessandro Michele returned as creative director of Valentino, replacing Pierpaolo Piccioli. New talents like Veronica Leoni (Calvin Klein Collection), Louise Trotter (Bottega Veneta), and Julian Klausner (Dries Van Noten) took helm positions. Jonathan Anderson was named Best Designer at the Fashion Awards 2024 for his work at Loewe and JW Anderson, and costume design for Luca Guadagnino's films. Dries Van Noten retired after 40 years, succeeded by Julian Klausner; John Galliano left Maison Margiela after 10 years. The luxury sector suffered: Kering's Q3 sales fell 15% to €3.8 billion, LVMH sales dropped 3% to €19.08 billion. The article warns of a grim future for smaller fashion houses without institutional support, especially in Italy.
Key facts
- Alessandro Michele returned as creative director of Valentino, replacing Pierpaolo Piccioli.
- Veronica Leoni became creative director of Calvin Klein Collection.
- Louise Trotter became creative director of Bottega Veneta.
- Julian Klausner succeeded Dries Van Noten at his eponymous brand.
- Jonathan Anderson won Best Designer at the Fashion Awards 2024.
- Dries Van Noten retired after 40 years; John Galliano left Maison Margiela after 10 years.
- Kering's Q3 2024 sales fell 15% to €3.8 billion.
- LVMH's Q3 2024 sales fell 3% to €19.08 billion.
Entities
Artists
- Alessandro Michele
- Pierpaolo Piccioli
- Veronica Leoni
- Louise Trotter
- Julian Klausner
- Dries Van Noten
- Jonathan Anderson
- Luca Guadagnino
- John Galliano
- Hedi Slimane
- Giulio Solfrizzi
Institutions
- Valentino
- Gucci
- Calvin Klein Collection
- Bottega Veneta
- Dries Van Noten
- Loewe
- JW Anderson
- Maison Margiela
- Celine
- Kering
- LVMH
- Louis Vuitton
- Artribune
- Fashion Awards
Locations
- Italy
- China