Fashion

Gucci and Adidas receive backlash for selling 1,300 pound sun umbrella

As far as collaborations go, the latest Gucci and adidas partnership is meant to evoke a sense of modern nostalgia, mixing the retro stripes of the sportswear giant with silhouettes and quirky design ethos of Gucci. The result is mix of products ranging from a studded clog to colourful co-branded bags and accessories to high-end outerwear. One...

May 20, 2022

Business

THG rejects takeover offer, property mogul Nick Candy also mulling bid

British e-commerce giant The Hut Group (THG) has turned down a 2 billion pound takeover offer from two investment companies after saying it undervalued the business. The group said late Thursday that it received an unsolicited takeover bid from Belerion Capital Group Limited and King Street Capital Management of 170 pence per share. It rejected...

May 20, 2022

Business

Growth across core geographies boosts Richemont's sales and profit

Compared to the prior year, sales at Richemont grew by 46 percent at actual exchange rates and by 44 percent at constant exchange rates to 19,181 million euros, as growth rebounded in all major markets and distribution channels. The company said strong sales growth rates experienced throughout the first three quarters of the fiscal year...

May 20, 2022

People

Jacquemus taps Paco Rabanne chief Bastien Daguzan as new CEO

French fashion house Jacquemus has tapped Bastien Daguzan as its new chief executive officer. Daguzan joins from Spanish luxury brand Paco Rabanne, where he has served as CEO since 2017, during which time he worked alongside artistic director Julien Dossena and was credited with driving the company’s direct-to-consumer transformation. Prior to...

May 20, 2022

Business

VF's Q4 sales increase 9 percent, earning jump

VF Corporation’s fourth quarter revenue of 2.8 billion dollars, rose 9 percent or 12 percent in constant dollars. Earnings per share of 21 cents, increased 32 percent; while adjusted EPS of 45 cents, was up 67 percent. Full year revenue of 11.8 billion dollars, increased 28 percent or 27 percent in constant dollars. Excluding acquisitions,...

May 20, 2022

Business

Deckers Brands reports increase in Q4 net sales and earnings

Deckers Brands reported net sales increase of 31.2 percent to 736 million dollars for the fourth quarter. On a constant currency basis, net sales increased 31.7 percent. The company’s full year net sales increased 23.8 percent to 3.150 billion dollars, while on a constant currency basis, net sales increased 23.2 percent.. "Fiscal year 2022 was...

May 20, 2022

Fashion

The Met Museum present "In America: An Anthology of Fashion"

The Met Museum has opened part two of its Costume Institute Exhibit "In America: An Anthology of Fashion." The exhibit kicked off with the return of the Met Gala to its annual timeslot, the first Monday in May. While part one of the exhibit was held strictly in The Costume Institute, part two saw both updates to about half the displays in the...

May 19, 2022

Fashion

Milan Fashion Week Men’s to return with new physical additions, JW Anderson and Dhruv Kapoor

Milan Fashion Week Men’s (MFWM) is set to make its return for the spring/summer 2023 season, scheduled from June 17 to 21, and with it comes a number of high-profile returns and runway debuts. In the calendar for this edition are 25 fashion shows, 24 presentations, three presentations by appointment, five digital presentations and nine events,...

May 19, 2022

More News

Business

Richemont shares plummet after expectations omit YNAP sale

Share in Richemont fell sharply on Friday, the lowest in two years since the pandemic, after the luxury group missed expectations and failed to address the uncertainty regarding its divestment of YNAP, the online luxury and discounting sites. Last year discussions emerged with Farfetch as a possible contender, but complications with various...

May 20, 2022

Fashion

Futuremood launches sunglasses with The Chainsmokers

Futuremood, which produces mood-altering sunglasses, has launched a collaboration with Grammy-award winning duo, The Chainsmokers. The limited-edition ‘The Chainsmokers’ collection is a celebration of “empowered connection, individual expression and creativity,” explains Futuremood in a statement, and marks the American duo's first partnership...

May 20, 2022

Fashion

Rejina Pyo launches stationery with Papier

London-based Korean fashion designer Rejina Pyo has launched a stationery capsule collection with Papier. The womenswear designer has teamed up with online stationery brand Papier to launch a collection of notebooks, notecards, diaries, and list notepads featuring hand-painted prints from her clothing designs. The capsule offers unexpected...

May 20, 2022

Culture |In Pictures

Fashion for Good’s new exhibition explores the future of fashion week through a new era

Amsterdam’s Fashion for Good Museum has opened a new exhibition dissecting fashion weeks, looking into their impact on the industry and what the future could look like for them. ‘Fashion Week: A New Era’ explores the beginnings of fashion week, moving through time via iconic runway looks, with designs from the likes of Balenciaga, Versace and...

May 20, 2022