Robert Williams
Luxury Editor at Business of Fashion (BOF)
Journalist in Paris, correspondent @BoF. Fashion, business, fashion business…. brand
Articles
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1 week ago |
businessoffashion.com | Robert Williams
PARIS — Jean Paul Gaultier has tapped Duran Lantink to be its creative director, the Puig-owned brand confirmed Tuesday. The move makes the Dutch designer — whose puffy, body-reshaping silhouettes and distorted prints have made him a breakout fashion star — the first-ever successor to the label’s namesake founder, who became famous in the 1980s for blending pop theatricality and gender-fluid, inclusive storytelling with rigorous couture technique.
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1 week ago |
businessoffashion.com | Robert Williams |Simone Stern Carbone
LVMH reported quarterly sales that missed expectations as the luxury industry struggles to reinvigorate demand following last year’s slump. Sales fell 5 percent on an organic basis in the key fashion and leather goods division, whose biggest brands include Louis Vuitton, Dior, Fendi and Loewe. Analysts had forecast a 1 to 2 percent dip. Group revenues fell 3 percent, with no divisions reporting growth.
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1 week ago |
businessoffashion.com | Robert Williams
The centre just might hold after all: Despite a global rout in markets and escalating tensions between the US and key trading partners, particularly China, Prada Group is forging ahead with plans to acquire Versace for €1.25 billion ($1.38 billion), the company said Thursday, after negotiating a discount of more than €200 million due to Trump’s trade war. Prada’s stock rose 2.4 percent Friday, more than twice the 1 percent average rise of the Hong Kong Stock Exchange where its shares are traded.
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2 weeks ago |
businessoffashion.com | Robert Williams
Prada Group has agreed to acquire Versace from Capri Holdings for €1.25 billion ($1.38 billion), the companies said in a statement Thursday. Prada is borrowing an additional €250 million to invest in relaunching Versace, which turned loss-making last year as it struggles to keep up with bigger, heritage brands amid a global downturn in luxury sales.
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2 weeks ago |
businessoffashion.com | Robert Williams |Robert Williams
Brands like Zara and Mango are opening boutiques in Algeria, one of the largest yet least developed fashion markets in North Africa, as the country tries to shake off its isolationist past.
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RT @SarahKNews: Is luxury e-commerce about to get a major shake up? Richemont confirms in 'advanced talks' with Farfetch on a YNAP spin-out…
Is Richemont up 8 percent on hopes for YNAP deconsolidation or on profit quadrupling? ( EBIT was expected x3 not x4).
WWD’s Bottega story plays SO fast and loose with sourcing. “Many” different people all used the word “brave”? Multiple incidents were the “last straw”? No indications of how anyone knows what they are saying… I rarely call out colleagues but come on people…. https://t.co/ELNovVCsYH
