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H&M highlights fast-fashion gloom as luxury takes hit in China
H&M said costs had slashed its profits, the latest fast-fashion retailer to feel the pinch as consumers cut back, while LVMH and Salvatore Ferragamo reported the damage to luxury caused by China's Covid-19 policies.
Fashion
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
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
Catwalks
Design
Adaptista announces scholarship with British Academy of Fashion Design
Online fashion marketplace Adaptista has partnered with the British Academy of Fashion Design to launch a scholarship programme aimed at encouraging people with disabilities to pursue an education in fashion design.
Fashion
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
Catwalks
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
Appointments
Salesforce appoints new board directors amid activist investor pressure
Salesforce Inc on Friday named three new board directors, amid pressure from activist investors for better cost control and a management shakeup at the cloud-based software firm.
Fashion
Appointments
Prada appoints former Luxottica chief Guerra as new CEO
Italian fashion group Prada said on Friday it appointed former Luxottica chief Andrea Guerra as its new chief executive officer, taking the place of Patrizio Bertelli and Miuccia Prada as planned.
Luxury
Appointments
Kering appoints Sabato De Sarno as creative director of Gucci
French luxury group Kering has appointed Sabato De Sarno as creative director of Gucci, it said on Saturday. He will present his debut runway collection at Milan Women’s Fashion Week in September 2023.
Luxury
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
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