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LVMH markets level out in 2022, betting on the recovery in China for 2023
The luxury giant's main markets levelled out last year, with Asia, the US and Europe each accounting for around 25-30%, while it is betting on a strong recovery in China in 2023.
Luxury
Business
Patou: Polished, pretty and powerful in Samaritaine
Fashion weeks never seem to stop in Paris. On Friday morning, the day after the haute couture season ended, Patou unveiled its Fall/Winter 2023 ready-to-wear collection. Guillaume Henry’s best for the house.
Fashion
Catwalks
Iris van Herpen on the role of women in the fashion industry and the business potential of haute couture
Coinciding with the presentation of her latest collection at Paris Haute Couture Week, FashionNetwork.com sat down with the Dutch designer to talk about creativity and feminism that goes against the grain.
Luxury
Collection
H&M's profit tumbles more than expected as costs bite
Sweden's H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags.
Fashion
Retail
Italy's Safilo slightly beats FY guidance as sales reach 1.08 billion euros
Safilo on Thursday narrowly beat its forecasts on full-year revenues, posting a 4.2% rise at constant exchange rates thanks to the positive performance of its own brands as well as of its licensed business.
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Business
LVMH markets level out in 2022, betting on the recovery in China for 2023
The luxury giant's main markets levelled out last year, with Asia, the US and Europe each accounting for around 25-30%, while it is betting on a strong recovery in China in 2023.
Luxury
Business
Aeffe closes 2022 with revenue of €352 million, up 8.4%
In 2022, fashion group Aeffe, owner of Alberta Ferretti and Moschino, grew in all regions except the Far East, with Italy up 17% and the rest of Europe by 59.3%, thanks especially to its direct retail performance.
Fashion
Business
ASOS names key finance exec to team
ASOS is doubling down on its efforts to kickstart its recovery and has reportedly appointed a senior restructuring executive to its finance department, as it continues to talk to its syndicate of lenders.
Fashion
Appointments
Mixed news from Superdry as Christmas is strong but wholesale lag dents profits
Superdry reported “strong” Christmas trading on Friday and generally rising sales, but it scaled backs its profit forecast to "breakeven" and stayed cautious on its outlook for the rest of the year.
Fashion
Retail
Design
Gaurav Gupta creates sculpture-like garments inspired by infinity for his Paris Haute Couture debut
The Indian designer, favourite of celebrities such as Sharon Stone, Megan Thee Stallion or Kylie Minogue, brought sophistication and seduction to the Parisian catwalk with his signature sculpture-like designs.
Luxury
Design
Alexandre Vauthier, Julie de Libran and Zuhair Murad's empowered women
There were three different ways of representing female empowerment during the last few days of haute couture fashion shows: maximalist glamour, explosive sensuality and embracing female communities.
Luxury
Catwalks
Couture final day: Fendi, Robert Wun and Mugler
Paris couture week ended with a stock market display by Roman powerhouse marque Fendi, a Chinese debutant and a cinematic rockin’ ready-to-wear show in a former slaughterhouse from Mugler.
Luxury
Catwalks
Shein calls on young designers
The Chinese e-tailer intends to support new talents via its Shein X programme, which has already supported 3,000 designers, investing 55 million dollars. A fashion show will be organised in Paris in June.
Fashion
Design
Appointments
Julie Harris becomes Hyve Group non-exec
Global events company Hyve Group has appointment Julie Harris as a non-executive director, effective 2 February. She will take on the role of Environmental, Social and Governance (ESG) Committee Chair.
Fashion
Appointments
ASOS names key finance exec to team
ASOS is doubling down on its efforts to kickstart its recovery and has reportedly appointed a senior restructuring executive to its finance department, as it continues to talk to its syndicate of lenders.
Fashion
Appointments
Foot Locker reveals staff cuts on wind down of Sidestep Europe ops, top exec departs
U.S. specialty footwear retailer Foot Locker announced in a regulatory filing on Thursday that Andrew Gray, EVP, global lockers and Champs Sports, had left the company, effective January 23.
Fashion
Appointments
Pacsun reshuffles leadership, names new co-CEOs
As part of the transition, effective March 9, 2023, Brie Olson, Pacsun president and board member, will be appointed co-chief executive officer, alongside co-CEO Mike Relich.
Fashion
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