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Stella McCartney losses widened pre-pandemic, says recovery will be "gradual"

Stella McCartney losses widened pre-pandemic, says recovery will be "gradual"

Stella McCartney was hit hard by the pandemic last year but isn't worried about Brexit and is looking forward to a gradual bounce-back under its changed ownership structure.
Luxury
Renzo Rosso’s OTB acquires Jil Sander

Renzo Rosso’s OTB acquires Jil Sander

It’s official. Only the Brave (OTB), the key company in the fashion empire of Renzo Rosso, has acquired Jil Sander, the Hamburg-born label known as the highest expression of minimalism in fashion.
Fashion
Coperni: Drive-in catwalk show inside the AccorArena

Coperni: Drive-in catwalk show inside the AccorArena

Finally, Paris Fashion Week had an actual live catwalk show. A drive-in runway event witnessed Thursday night by a few score of editors and influencers from inside Citroen DS7s and staged inside the AccorArena.
Fashion
Kate Spade creative director Nicola Glass to exit

Kate Spade creative director Nicola Glass to exit

Tapestry Inc fashion house Kate Spade New York said on Thursday its creative director, Nicola Glass, would leave in April, as it looks to reorganize its business.
Luxury
Hermès opens revamped Saint-Germain store

Hermès opens revamped Saint-Germain store

The house of Hermès has has opened its revamped flagship store in the Saint-Germain-des-Près quarter of Paris, in a significant recalibration of its product offer.
Luxury
Dover Street Market opens ‘Little Market’ in Paris

Dover Street Market opens ‘Little Market’ in Paris

After opening its first store dedicated to perfume in the French capital in 2019, multi-brand retailer Dover Street Market opened a second address in Paris focused on young designers at 54 rue du Faubourg Saint-Honoré.
Luxury
Capri Holdings names new chief information officer

Capri Holdings names new chief information officer

Capri Holdings announced on Tuesday the appointment of Alejandro Martinez-Galindo as chief information officer of the global fashion luxury group. 
Luxury
Nordstrom sales beat on off-price clothing channel, online strength

Nordstrom sales beat on off-price clothing channel, online strength

Nordstrom Inc on Tuesday reported better-than-expected revenue for the holiday quarter, aided by a rise in e-commerce sales and growth in its off-price business, Rack.
Fashion
Juergen Teller shoots Burberry SS21 campaign

Juergen Teller shoots Burberry SS21 campaign

​Burberry has just launched its SS21 campaign and given that it was shot in line with social distancing restrictions, it's quite different from many of its previous creatives.
Luxury
Matchesfashion CEO is out, Chiquet steps up for now

Matchesfashion CEO is out, Chiquet steps up for now

​Matchesfashion's CEO of just a year has stepped down with immediate effect. Ajay Kavan has left the firm and director Maureen Chiquet has taken on the role of executive chairwoman as the company looks for a new leader.
Luxury
Kering takes stake in Vestiaire Collective

Kering takes stake in Vestiaire Collective

​If anybody needed confirmation of how important fashion resale has become, it came on Monday with the announcement by France’s Vestiaire Collective of a new €178m financing round backed by Kering, among others.
Luxury
Former JD Sports exec buys Thomas Pink brand

Former JD Sports exec buys Thomas Pink brand

Failed upscale menswear retailer Pink Shirtmaker is set to make a return. The LVMH-owned brand, which went on the block before Christmas, has been bought by Nick Preston, a former JD Sports Fashion trading director.
Fashion
Selfridges sales were rising but pandemic meant huge challenges for retailer

Selfridges sales were rising but pandemic meant huge challenges for retailer

​Selfridges had already flagged the fact that its sales rose and its net profits fell in the year to February 2020, but it has now officially filed its annual results and the full extent of that performance can be seen.
Luxury
A Tale of Three Cities, with collections from MM6, Pucci, Tom Ford and Sonia Rykiel

A Tale of Three Cities, with collections from MM6, Pucci, Tom Ford and Sonia Rykiel

Serious editors had to open Sunday watching an MM6 show video in Milan, tune into New York for Tom Ford’s latest ideas, and finish in Paris, where Sonia Rykiel unveiled its first collection since insolvency in 2019.
Fashion
At Giorgio Armani, lush iridescence; at Sportmax, femme fatale fun

At Giorgio Armani, lush iridescence; at Sportmax, femme fatale fun

A study in contrasts on Saturday morning at Milan Fashion Week, as two key fashion marques played against their reputations. Giorgio Armani showing evening ideas but as daywear, Sportmax revolutionizing its DNA.
Fashion
Paris Fashion Week: 92 shows this March, a Tik Tok collab and a V&A linkup

Paris Fashion Week: 92 shows this March, a Tik Tok collab and a V&A linkup

Pandemic or not, Paris Fashion Week, which starts a 10-day season on Monday, March 1, can boast a schedule with 92 women’s ready-to-wear brands, almost a dozen newcomers and several important debuts.
Fashion