Since the Chinese conglomerate, Fosun International, took over Lanvin, the French fashion house, they started by parting away with its creative director Olivier Lapidus and general manager Nicolas Druz. In the meantime, the women’s collections will be designed by an in-house team in the interim.
Joann Cheng, president of Fosun Fashion Group and chairman of the board of directors of Lanvin, has been appointed chief executive officer of the house for an interim period, effective immediately. Druz, who had led the brand since 2017, will take up the new position of managing director of Fosun Fashion Group, where he will support the group’s business expansion in Europe.
“Olivier steered the maison through a transitional period between ownerships,” said Cheng. “We thank him for that, and wish him every success for his own brand and future endeavors.” Continue reading
Hermès International confirmed its objectives for revenue growth in the medium term, despite growing economic, geopolitical and monetary uncertainties worldwide.
The manufacturer of Kelly bags and silk scarves said that net profits raised by 11% last year to 1.22 billion euros, up from 1.1 billion euros in 2016.
Hermès is in mutation. It becomes a cash machine for stakeholders. When shareholders starts being more important than clients, the products enclines to become low quality products. However for Chinese clients it is not a big deal. Continue reading
Kim Jones will present his first collection for Dior Homme in June as its new artistic director of ready-to-wear and accessory collections. The previously men’s artistic director at Louis Vuitton is succeeding Kris Van Assche and will start on April 1. We hope it is not an April fool.
The arrival of Jones represents the first big move by Pietro Beccari, who became chairman and chief executive officer at Christian Dior Couture six weeks ago after stints at Fendi and Vuitton. With his streetwear credibility, 345,000 Instagram followers and loads of famous friends, Jones will be sure to shake up Dior Homme.
“I am delighted to welcome Kim Jones, with whom I had the chance to collaborate previously at Louis Vuitton,” Beccari told . Continue reading
A forest has grown beneath the nave of the Grand Palais. Surrounded by blue sky warmed by a gentle sun, trees stripped bare by the season and a floor covered with autumn leaves compose an Indian summer, as Karl Lagerfeld says.
French luxury group Kering has refuted a report of alleged tax evasion published by Mediapart, a French investigative and opinion newspaper, citing confidential documents.
It would seem that the Kering’s brand Gucci has been investigated by the Italian tax authorities that has revealed that Kering had saved 2.5 billion euros in taxes. It should have paid in Italy and France by attributing wholesale revenues from brands including Gucci and Yves Saint Laurent to its LGI logistics center in Cadempino, Switzerland, thereby benefiting from a lower local tax rate. Kering said the Swiss company was established in the Nineties, prior to the group’s acquisition of Gucci Group, and now employs more than 600 people.
LGI is a strategic hub namely for the centralized distribution and logistics of Kering brands it said in a statement. Continue reading
Three influencers pick by Bulgari Parfums to help launch its new Omnia Pink Sapphire eau de toilette the pinkest and poppiest scent the brand has ever put out. Described as a sparkling burst of citrus.
“Bella Hadid and Amanda Steele are probably not the first people who come to mind when one thinks of Bulgari.
Created by master perfumer Alberto Morillas, the scent hits counters on Thursday and will see a widened Macy’s distribution as a way to better reach the brand’s target customer. Following in the footsteps of Marc Jacobs, Dior, Hermès, Ferragamo and Coach, the brand is the latest luxury fragrance house to prioritize the social media set, adopting a largely digital first marketing strategy to attract the new generation of beauty consumers. Continue reading