To counter the plunge in advertising that is plaguing the industry, the publisher of Vogue, Vanity Fair, GQ and Glamour told staffers Monday that it is cutting salaries of those making more than $100,000 by between 10 percent and 20 percent, effective May 1. The reductions will be in place for five months across all markets.
Chief executive officer Roger Lynch will take a 50 percent reduction in his base salary, as will the external members of its board. The rest of the executive leadership team which includes Vogue editor in chief and Condé Nast artistic director Anna Wintour, who is one of the publishing companies highest-paid executives will reduce their base salaries by 20 percent.
“While we aren’t as solely dependent on print and digital display advertising as some of our competitors, globally, we will still see a substantial impact from this crisis on our business,” Lynch said in a staff memo. Continue reading
Yesterday Givenchy officially announced in a statement, that after three years of collaboration, the Womenswear Show held on March 1st 2020 will be Clare Waight Keller’s last collection for Givenchy.
Missoni creative director Margherita Maccapani Missoni has teamed with fashion co-creation platform AwayToMars to launch an initiative to boost creativity among international designers.
Louis Vuitton has reopened 12 of its 16 leather goods production sites in the country with the aim of producing hundreds of thousands of masks for its staff and nearby retirement homes.
Beauty brand L’Oréal has announced that, after obtaining the necessary authorisations from the relevant authorities, it has finalised the acquisition of the Mugler brands and Azzaro fragrances from Clarins Group.
No Crown follow-up. No one else here could have delivered such a powerful message: The Queen, who turns 94 later this month, drew on Britain’s 20th-century history and her own past in an effort to comfort the public and rouse them to action in fighting the spread of COVID-19.
Just as its chairman Leonardo Del Vecchio through his namesake foundation donated 10 million euros to the new hospital created at the Milan fairgrounds, Luxottica Group is introducing a number of initiatives to support its employees impacted by the coronavirus emergency.
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.
If the Willot’s were the “Dalton of textiles”, and Boussac the king of cotton, Maurice Bidermann was the Tsar of men’s wear.
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”.
Geneva Watch Days, a new event organized by a handful of high-end watch labels, is being rescheduled for Aug. 26 to 29.
Isn’t French fashion partly responsible for the pandemic of covid 19 having maintained its own Fashion week after Milan?
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.
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 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.
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.
Add Hermès to the growing list of fashion brands canceling events due to the coronavirus. The French fashion house has nixed its resort show, which had been scheduled to take place in London on April 28.
Clothing retailer French Connection reported a full-year loss on Tuesday, citing difficult trading conditions on UK’s high streets and said it would continue to hold back paying dividends this year.
The luxury conglomerate, which reported record revenue of nearly $60 billion for 2019, is setting its sights on affordable, “clean” beauty via its investment arm, LVMH Luxury Ventures. In an unlikely pairing, the fund invested in Versed, a fast-growing mass label where most products are priced at or below $17.99, and some under $10. The brand recently closed an $11 million Series A, led by Sonoma Brands with participation from Greycroft and Marcy Venture Partners.
Givenchy, whose perfume business is said to be riding high, has tapped a new president and chief executive officer with experience in fashion and beauty, Renaud de Lesquen, currently president and ceo of Dior Americas, is to join Givenchy on April 1 and it is not a Joke.
This is a more than revolutionary idea, an idea of Francis Menuge, former President of Gaultier and Donald Potard with the complicity of Jacques Mouclier, which they had in their time. A project, which due to the lack of the house of Patou, had never come to fruition because of a sort of human counterfeit. This is how fashion men are made. With such an oversized ego, they take over other people’s ideas to take credit for them. Like D Grumler who takes credit for the creation of the investment bank: idea and realization of Jacques Mouclier, or this Mr. “J Tongue of wood” who would have had the idea of the square courtyard of the Louvre for the catwalks of Haute Couture, but in reality, idea to be attributed to Pierre Berger and Jacques Mouclier.
Satoshi Kondo, Creative Director at Issey Miyake, conceived his collection by the onomatopoeic analysis of Japanese words that describe acts of making processes. Toritori (the state of being different), Konekone (kneading), Goshigoshi (smudging), Kukkiri (the condition of being sharp and clear), spah (the sound of cutting something with a sharp object) are some of the words that are used in the colloquial language to describe these manual actions, and that the designer used to create the collection. 
“But I’m Kanye’s cousin,” said a woman in French at the gates of the Oscar Niemeyer Communist Party headquarters, as the building blinked bright white with light tests. To no avail: Unless she’d been in the car with North West (the real star of the evening), or was on the list, the putative cousin wasn’t getting in on Monday night for the Yeezy 8 show.