Finance
Giambattista Valli cancels Paris Fashion Week show at last minute
Published by Global Banking and Finance Review
Posted on January 23, 2026
1 min readLast updated: January 23, 2026
Quick Summary
Giambattista Valli canceled its Paris Haute Couture show due to a business review, focusing on sustainability amid financial challenges.
Giambattista Valli Cancels Paris Haute Couture Show Amid Business Review
Giambattista Valli's Business Review
PARIS, Jan 23 (Reuters) - Italian fashion house Giambattista Valli will not stage its planned Haute Couture show in Paris on Monday due to a review of its business, the brand said on Friday.
Impact on Upcoming Shows
"The House is currently undertaking an in-depth review of the organisation of its activities in order to ensure the company’s sustainability. Fully focused on this process, it has decided not to hold the show," the brand said in an emailed statement.
Financial Context of the Brand
Giambattista Valli is majority-owned by Artemis, the Pinault family's holding that also controls Gucci-owner Kering, itself struggling financially amid a global downturn in luxury spending.
(Reporting by Helen Reid; Editing by Kirsten Donovan)
Key Takeaways
- •Giambattista Valli canceled its Paris Haute Couture show.
- •The cancellation is due to an in-depth business review.
- •The brand aims to ensure its long-term sustainability.
- •Artemis, the majority owner, also controls Kering.
- •Kering faces financial challenges amid luxury spending downturn.
Frequently Asked Questions about Giambattista Valli cancels Paris Fashion Week show at last minute
1What is sustainability?
Sustainability refers to the ability to maintain or improve certain essential processes over time, ensuring that resources are used responsibly to meet current needs without compromising future generations.
2What is financial crisis?
A financial crisis is a situation in which the value of financial institutions or assets drops significantly, leading to a loss of confidence and a potential collapse of the financial system.
3What is luxury spending?
Luxury spending refers to the expenditure on high-end goods and services that are not essential for basic living but are often associated with wealth and status.
