Fashion

Pierre Cardin kicks-off its comeback with return to Paris fashion week

Luxury label Pierre Cardin is set to return to Paris Fashion Week in a bid to breathe new life into the brand, its new boss told AFP, just over a year after the death of its legendary founder. The famed couturier died in December 2020 at the age of 98, having built a hugely profitable business empire by licensing his name around the world. He...

3 hours ago

Business

10 Consumer trends to keep an eye on in 2022

Market research company Euromonitor International has released its consumer trends report for 2022, highlighting the top 10 trends that are motivating consumer behaviour and challenging traditional business strategies. In the report, Alison Angus, head of lifestyles at the company, said: “Businesses need to transform alongside rapidly evolving...

4 hours ago

Fashion

Underwear brand Parade launches recycling programme

Inclusive underwear brand Parade is expanding its sustainability efforts with a free recycling programme in the US with international recycling leader, TerraCycle. ‘Second Life by Parade’ is a first-of-its-kind national recycling programme through TerraCycle for the underwear category, looking to divert unwanted underwear from landfill and help...

8 hours ago

Business

LVMH Luxury Ventures invests in New York-based streetwear label Aimé Leon Dore

The investment arm of French luxury group LVMH has snapped up a minority investment in New York-based streetwear brand Aimé Leon Dore for an undisclosed sum. LVMH Luxury Ventures said Aimé Leon Dore will continue to operate independently out of its New York offices while receiving support and guidance from LVMH, WWD reports. The brand’s founder...

8 hours ago

Business

The Hut Group reports record annual sales, but warns on profit margins

The Hut Group (THG) has reported a strong increase in revenue in its full-year trading update but said its profit margins are expected to be lower than analysts’ previous estimates. In the 12 months to December 31, the British e-tail giant reported record revenue of 2.2 billion pounds, up 37.9 percent compared to last year and up 95 percent...

9 hours ago

Business |People

Valentino “streamlining” as it restructures business

Italian luxury fashion house Valentino is restructuring its finance and operations structure and added two new executive roles as it looks to streamline its business. In a statement, Valentino said that it has reorganised its finance and operations structure into two distinct units separating the business and control divisions. Both departments...

10 hours ago

Business

Hugo Boss revenues beat pre-pandemic level

On a preliminary basis, currency-adjusted revenues in the fourth quarter at Hugo Boss Ag increased 51 percent compared to the prior-year level, and exceeded Q4 2019 levels by 12 percent. In the reporting currency, sales grew by 55 percent to 906 million euros. The company said in a release that the growth was supported by 98 percent of the...

11 hours ago

Fashion

Balmain to launch gender-neutral fine jewellery

French fashion house Balmain is entering the fine jewellery category with a new gender-neutral offering set to be released this summer. Balmain Fine Jewellery is partnering with the Adorisa Group, established in Paris in 2021 and helmed by former De Beers Jewellers chief executive François Delage to design, produce, market and distribute fine...

17 Jan 2022

More News

Fashion

FW22/23: a focus on responsible and innovative fabrics

With customers having an ever-growing need for durable and sustainable products that embody well-being, performance and responsibility, the fashion industry is working towards new fabrics that meet its consumers’ high expectations. We have seen an array of innovations take over the collections in the last few years and months, but a bigger shift...

1 hour ago

Business

Prada reports 'robust' sales-driven growth despite pandemic

Italian luxury label Prada on Tuesday reported "robust" growth last year, driven by strong sales despite the continuing disruption of the coronavirus pandemic. Group revenues for 2021 reached 3.36 billion euros (3.8 billion dollars), up 41 percent in 2020 and up eight percent in 2019, according to initial figures adjusted for exchange rate...

1 hour ago

Business

Prada reports 'robust' sales-driven growth despite pandemic

Italian luxury label Prada on Tuesday reported "robust" growth last year, driven by strong sales despite the continuing disruption of the coronavirus pandemic. Group revenues for 2021 reached 3.36 billion euros (3.8 billion dollars), up 41 percent in 2020 and up eight percent in 2019, according to initial figures adjusted for exchange rate...

1 hour ago

Business

Valentino reorganises business divisions and appoints new executives

Valentino, the Italian luxury fashion house, said on Monday it reshuffled its operational structure. Valentino, which is owned by Qatari group Mayhoola for Investments, said it created two separate units to separately manage its business operations and control divisions. Two new roles were created in the re-organisation, appointing Alberto...

2 hours ago