A CLOSING FRAGRANCE
Sephora Americas president and chief executive officer Jean-André Rougeot put out a statement on Tuesday afternoon saying that while keeping stores closed is the right thing to do.
Terminated employees will all receive severance, the company said, and resources to support their transition including coordination with other companies providing essential services that may be hiring. The employees Sephora let go have been with [the] company for a short tenure and worked limited hours, the company said.
Sephora continues to employ 9,000 U.S. store workers who are being paid and receiving health benefits through late May or when stores reopen, the company said. Store and corporate employees are being required to take six days of mandatory paid time off. Continue reading
M. BIDERMANN PASSED AWAY AT 87
If the Willot’s were the “Dalton of textiles”, and Boussac the king of cotton, Maurice Bidermann was the Tsar of men’s wear.
Businessman Maurice Bidermann, who formed the giant textile group Bidermann, died last Monday at the age of 87. He was the brother of the singer Régine. Born in 1932 in Belgium he built up a textile empire in the 1960s and 1970s from a small family group that he had inherited by modernizing production techniques and business practices. The Bidermann group developed several licenses for men’s ready-to-wear luxury brands in addition to its textile activities for workwear. The group, which had become the French leader in men’s clothing and had several thousand employees in France and abroad, had then encountered difficulties being heavily in debt. Continue reading
AKRIS PARIS 2020
ADIDAS A FREE VIRTUAL EXPERIENCES
Adidas has announced that it’s to roll out free virtual experiences across social and digital channels, “to support our community as they stay active, practice mindfulness, learn and seek entertainment”.
For the next three months it’s offering free premium access to its Adidas Training and Adidas Running apps globally. The apps are available in 15 different languages and loaded with specific workouts that can be done at home, as well as nutrition guides.
The company said that “lives may be at a standstill, but that doesn’t mean that we can’t keep moving [and] now more than ever, we have to be creative about how we’re taking care of each other and ourselves”. Continue reading
ANNUEL SHAREHOLDER MEETING CANCEL
LVMH Moët Hennessy Louis Vuitton has postponed its annual shareholder meeting from April 16 to June 30, as the spread of the coronavirus continues to upend schedules.
In a brief statement, the luxury group said it will update shareholders with arrangements for the upcoming meeting as well as the dividend payment, citing the “current situation” as the reason for the postponement, a decision made during a board meeting Wednesday. Continue reading
WATCH DAY NOT ON TIME
Geneva Watch Days, a new event organized by a handful of high-end watch labels, is being rescheduled for Aug. 26 to 29.
Initially planned for April, organizers hope the postponement, due to coronavirus, will allow them to bulk up the event, and attract Chinese and South Korean participants in addition to large players in Europe, said Jean-Christophe Babin, chief executive officer of Bulgari, one of the brands that founded the event, in a statement.
Planned in the wake of canceled Watches & Wonders Geneva and Baselworld fairs this spring, brands including Bulgari, Breitling, Ulysse Nardin and Girard-Perregaux describe the event as decentralized and self-managed, to take place at several high-end hotels in Geneva.
The idea is to band together so retailers and media can meet with the brands over a few days instead of going to various road shows in various cities around Europe, organizers have said, describing it as a "see-now-buy-now-resell-now" event showcasing the diversity of products from Swiss watchmakers. Continue reading
FHCM HOW CAN WE DO NOTHING FOR YOU
Isn’t French fashion partly responsible for the pandemic of covid 19 having maintained its own Fashion week after Milan?
The Fédération de la Haute Couture et de la Mode, French fashion’s governing body, has yet to decide whether Paris Men’s Fashion Week will go ahead as planned in June, executive president Pascal Morand said. The key priority for all companies, not just the fashion industry, is cash flow, Morand said.
The aim is to avoid a repeat of 2008, because in 2008, some businesses shut down and never restarted,said Morand, referring to the last major global financial crisis.
We are in close contact with our members to help them with the implementation of these measures,Morand said. The aim is for these measures to be properly understood and carried out. Thinking that fashion people are all stupids.
He noted unlike industry organizations in other countries, including the Camera Della Moda in Italy, the French fashion sector has not lobbied the government for help because the emergency package announced last week applies to all companies. Continue reading
FASHION DESIGNERS AT HOME
As the coronavirus pandemic tragically escalates, designers have found themselves working from home, contemplating the future and thinking about how things will change once this is hopefully behind everyone plus trying to determine what they can do to be helpful in this time of global crisis.
Meanwhile, they, like many others worldwide, are trying to creatively use their time cooking new dishes, practicing yoga, homeschooling their kids, reading or watching movies and more to keep themselves occupied. Like Olivier Rousteing, who is preparing his next collection from Mugler’s book.
With so many people’s lives upended, here’s what designers had to say as they are #WFH (working from home), although a few intrepid souls are still working from the office.
As the coronavirus pandemic tragically escalates, designers have found themselves working from home, contemplating the future and thinking about how things will change once this is hopefully behind everyone plus trying to determine what they can do to be helpful in this time of global crisis. Continue reading
50 PERCENT OFF ON BURBERRY
Burberry’s trading has fallen between 40 percent and 50 percent in the last six weeks due to the impact of COVID-19, the company said in an extraordinary trading statement on Thursday.
The company is expecting comparable retail store sales in the final weeks of the year to be within the range of minus 70 percent to minus 80 percent. This follows the significant escalation of governmental regulations; trading, travel and social restrictions in recent days, "and the inevitable impact this will have on demand; Burberry said.
As a result, the British luxury brand now expects fourth-quarter 2020 comparable retail store sales to be around minus 30 percent in the fiscal year ending March 28. “Since our February update, the material negative effect of COVID-19 on luxury demand has intensified and is now impacting the industry in all regions, said Marco Gobbetti, chief executive officer.Our primary concern is the global health emergency, and we continue to take every precaution to help prevent the spread of the virus and ensure the safety and well-being of our employees, partners and customers. Continue reading
THE DISCREET SELFRIDGES
Less than 24 hours after confirming that it would continue trading, but with shorter opening times, Selfridges is temporarily shutting all of its U.K. stores due to coronavirus.
The company said on Twitter that it would shut as of 7 p.m. U.K. time on March 18. It will close four physical stores, in London, Manchester, Trafford and Birmingham, although the web site will continue trading.
It is with a heavy heart we have made the decision to temporarily close our four physical stores in London from 7 p.m. tomorrow evening; the store said.
The health, safety and wellbeing of our customers and team members is our utmost priority. We must do the right thing by the communities in which we live and work to help mitigate the spread of the coronavirus,” it added. The company confirmed that the e-commerce site and social channels would remain up and running. Continue reading
FRANCE HAS UNBLOCKED 45 BILLION
France has unblocked 45 billion euros in emergency aid for companies and workers whose revenues are impacted by the government-mandated lockdown to fight the coronavirus outbreak, Finance Minister Bruno Le Maire said on Tuesday.
The crisis, which has prompted the government to shut all nonessential businesses and call on citizens to remain at home, is expected to plunge the French economy into recession. Growth is set to fall by 1 percent in 2020, Le Maire said, adding this forecast could be amended as the situation evolves.
This economic and financial war will be long, it will be violent, and it will require all our efforts, whether national, European or at the G7 level; Le Maire said in a telephone press conference. Continue reading
BAT RESTAURANT OPEN IN LONDON
The restaurant, called Park Row, will be located in the heart of London on 77 Brewer Street, near Piccadilly Circus, and is set to open its doors in spring 2020.
Reportedly standing at a whopping 18,000 sq. ft. in size, the restaurant will sit in the basement at the Crown Estate’s Grade II-listed venue.
Guests will step down into a room resembling Batman’s lair, while the restaurant will boast three bars and five different ‘dining environments’.
Prices will average at £45 ($58) per person, and while that may seem a bit pricey, by the look of the pictures it seems totally worth the money.
The restaurant won’t only be Batman-inspired, but will have rooms dedicated to other well-known DC characters. Continue reading
PARIS FASHION WEEK 2020
Babylon boasted its brick walls, Rhode had its colossus renamed the proud, and Egypt achieved summits with masses of admirable stones, while Paris Fashion Week achieved intellectual masturbation. Continue reading
CORONAVIRUS WEDDING TO THE LUXURY’S
One of the strangest fashion months on record has drawn to a close, but mounting cases of Covid-19 in cities from New Delhi to Madrid have already taken their toll on luxury brands’ plans to stage Cruise 2021 shows.
Last month, Prada postponed its Tokyo cruise event, Chanel put plans to restage its Métiers d’Art collection in Beijing on hold and Giorgio Armani announced the unprecedented cancellation of its Autumn/Winter 2020 runway show in Milan.
This week, Gucci, Ralph Lauren and Versace called off shows, all slated to take place in the US in April. Armani has also postponed its cruise show and hotel opening in Dubai the back-to-back events, scheduled for April 19 and 20, have been pushed to November.
A Chanel spokesperson told that its May 7 show will still take place in Capri, despite the 3,089 cases and 107 deaths reported in Italy as of March 5. Meanwhile, Dior’s event (billed for Puglia on May 9) and Louis Vuitton’s show (location undisclosed) hang in the balance. Dior and Louis Vuitton respond no comment. Continue reading