Articles

  • 2 weeks ago | businessoffashion.com | Robert Williams

    Prada Group’s first-quarter revenues rose 13 percent year-on-year to €1.34 billion ($1.52 billion), the Milan-based luxury fashion firm said. Sales were flat at flagship brand Prada, while Miu Miu continued its surge with sales up 60 percent. The group’s continued expansion stands in contrast to the wider industry, which has suffered from slowing global growth and inflation, as well as customer fatigue.

  • 3 weeks ago | businessoffashion.com | Robert Williams

    Gucci’s first quarter sales fell 25 percent on a comparable basis as the brand struggles to turn a corner in a rocky market for luxury. The drop comes on top of easy comps, as the Italian luxury label’s sales already fell by 18 percent in the same quarter last year. Owner Kering said sales had fallen 14 percent overall as Saint Laurent and Balenciaga were also pinched by the current downturn in luxury demand.

  • 3 weeks ago | businessoffashion.com | Robert Williams

    Kendrick Lamar has signed on as Chanel’s latest ambassador. The French brand is launching its partnership with the American musician — the first and only rapper to win a Pulitzer Prize — by featuring him in its new eyewear campaign, set to be rolled out tomorrow.

  • 4 weeks ago | businessoffashion.com | Robert Williams

    PARIS — “The next men’s fashion show of Christian Dior will take place in June, and Jonathan Anderson will be designing it,” LVMH chairman Bernard Arnault said in response to a question from an individual shareholder, who spoke up at the company’s annual meeting Thursday. And just like that, fashion’s worst-kept secret was out of the bag. At least partially. Industry sources say Anderson has been quietly building a team at Dior for months.

  • 1 month 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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Robert Williams
Robert Williams @RobW_U
12 Nov 21

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…

Robert Williams
Robert Williams @RobW_U
12 Nov 21

Is Richemont up 8 percent on hopes for YNAP deconsolidation or on profit quadrupling? ( EBIT was expected x3 not x4).

Robert Williams
Robert Williams @RobW_U
11 Nov 21

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