In the niche world of luxury fashion gossip, uncertainty currently reigns. On Friday, Valentino announced that Pierpaolo Piccioli, its hugely successful creative director, was stepping down after a 25-year tenure. Earlier in the week, Dries Van Noten, one of cult favourites the Antwerp Six, let it be known that after nearly 40 years he was relinquishing control on his eponymous label.
These revelations came on the back of the dismal demise of Matches, which was put into administration two weeks ago, merely two months after it was acquired by Mike Ashley’s Frasers Group for £52million.
