Shares in the French luxury group closed up 3.1 percent on the Paris Stock Exchange on Friday in response to strong fourth-quarter results, as consumers flocked to surefire investments like the brand’s Birkin handbags and Chaîne d’Ancre bracelets.
Revenues rose 12.3 percent in the three months to Dec. 31, sharply outperforming its sector peers as strong growth in Asia Pacific compensated for continued weakness in Europe and a flat performance in the Americas.
Sales totaled 2.1 billion euros in the fourth quarter, representing an increase of 15.6 percent in comparable terms, sharply exceeding a consensus forecast of 8.7 percent growth.
By comparison, sector leader LVMH Moët Hennessy Louis Vuitton reported a 3 percent decline in organic revenues during the same period, while sales at Kering were down 5 percent in like-for-like terms. Continue reading
With Britain still in lockdown and designers grappling with complex, costly paperwork and trading post-Brexit, fall 2021 will likely be remembered as the season of choking on red tape.
The Mantero Archive has long been considered a comprehensive and extraordinary collection of textiles and an inspiration for numerous designers, with more than 10,000 volumes and 60,000 foulards from the top fashion houses, thousands of drawings and prints.
Rochas has named Charles de Vilmorin as its new creative director, cementing the 24-year-old designer’s meteoric rise since launching his fashion label last April in the midst of the coronavirus pandemic. Three press-cutting in some tabloids and the rocket will certainly be a wet firecracker. This announcement was made the day Rocha signed a partnership with H&M; a bad presage.
Legendary actor Christopher Plummer, known for films like “The Sound of Music” and “All the Money in the World,” died Friday at the age of 91. Plummer died peacefully at his home in Connecticut, according to Deadline.
Calls to boycott Yves Rocher are proliferating online as Russian opposition leader Alexei Navalny has been sentenced to two years detention for violating parole in a case linked to the French beauty company that dates back almost a decade.
Saturday that Martone died at age 41 in tragic circumstances. She was hospitalized for a 15-minute surgery, but died suddenly due to complications during the operation.
Franck Sorbier couldn’t start his film without paying tribute to Robert Hossein, who was a faithful friend, who saw them humming like the wings of a hummingbird, only to end up making no noise at all, because their magic often reminds us of the calm chaos of these people fighting to keep their balance, like tightrope walkers all in feathers of lightness in the deafening silence of the Paris Fashion Week that promotes young men of 23 years old with just presumed talent.
Farhad Re was born in Rome and grew up between Italy and France, where he spent most of his time invested in his work as a stylist loved by stars, princesses, and jet-setting ladies such as Catherine Deneuve, Ivana Trump, Joan Collins, Brigitte Nielsen, Ursula Andress, and Princess Soraya – heads of sumptuous and marked elegance. Known for his high fashion garments and accessories that despite their modernity reflect a taste for extreme luxury.
The company, which makes fragrances for Jimmy Choo, Coach, Montblanc and other brands, saw a 3.5 percent lift in sales for the quarter ended Dec. 31, to $184 million.
To live happily, look for elegance rather than luxury, and refinement rather than fashion. To be fulfilled, look for inner wealth rather than pecuniary wealth; speak kindly, act frankly, in other words, let the spiritual grow through the common. For Jones, elegance is a perfume that permeates men’s heads. It is a conjugation of the body, which is measured by the way Kim wears his head, gait and military dress to enhance the whole in a martial allure.
On Monday, Adidas, which owns Reebok, publicly confirmed rumors that it was exploring options for the brand. Reports have been circulating for months that the German activewear company was looking to sell the brand, which it acquired in 2006 for $3.8 billion. Last year, it reportedly wrote the value of the brand down to just under $1 billion.
Footwear News, this year marking its 75th anniversary, presented its annual Footwear News Achievement Awards on Tuesday night .
Moncler SpA acquire Sportswear Company SpA, owner of the Stone Island brand. Carlo Rivetti, chairman and ceo of Stone Island, said the company’s headquarter in Ravarino “will remain the beating heart of the brand and a center of excellence that will be further enhanced and my team and I will continue, in our current roles, to do what we have been doing with great passion for many years.