The coronavirus crisis delayed changes to the board of Compagnie Financière Richemont as well as its business strategy, according to the group’s chairman Johann Rupert.
“The new profile of the board must reflect the opportunities and challenges that we’re facing, evolving tastes, consumption habits, digital, Chinese clientele, cyber criminalities, diversity and inclusion matters, training needs, change management,” Rupert said.
“So we will be changing the board and we would have started this year but we need time to also transition the committees,”.
Noting that he had urged caution early on in the coronavirus crisis when it became clear that the group’s cash flow was being “badly affected,” by the drop in consumption, the executive said that at the end of August, there remains uncertainty over when a treatment or vaccine might emerge to prompt consumers to resume traveling and spending money. Continue reading
Chinese actress Fan Bingbing is back, two years after being fined nearly $130 million for a highly publicized tax-evasion scandal and avoiding the limelight as a result.
Mossimo Giannulli, Lori Loughlin Sentenced to Jail Time in College Admissions Scandal
Cleopatra used to keep her skin radiant and glowing, Egyptian Magic cream has become a Cultural treatment all over the world. Olive oil is having a moment, both in and out of the kitchen. Whether induced by quarantine cooking or consumers’ growing predilection for all things clean, olive oil has found its way into baked confections and skin-care products alike. Lifestyle brand Poosh even recently collaborated with a Los Angeles-based bakery on a variety of olive oil cakes.
It hopes that humor can serve to energize the local shopping scene, Le Bon Marché is filling the store with Belgium-themed merchandise starting Aug. 29, with an emphasis on the country’s cartoon tradition.
These days, when my family ventures into town to pick up groceries, we see people wearing a rainbow of creative face masks. The facial coverings are a practical way to stem to spread of COVID-19, but they also reflect our personalities and outlook on life.
August Getty’s couture is going virtual with the help of a new digital fashion shop, the Institute of Digital Fashion in London.
Shares in Hermès International dipped in morning trading in Paris on Thursday after the French luxury house reported first-half results that fell below analysts’ expectations, as the widespread closure of stores due to the coronavirus pandemic sharply impacted its business and profitability.
LVMH Moët Hennessy Louis Vuitton said net profit plummeted 84 percent in the first six months of the year, although it forecasts a gradual recovery in the second half, supported by a strong recovery in China during the second quarter.
Gianfranco Gianangeli joins the Paris-based fashion house Margiela after stints at Givenchy, Prada and Bottega Veneta
Milan Digital Fashion Week Scores Highest Among European Fashion Capitals. The combined earned media value generated online by the London, Paris and Milan fashion weeks amounted to 10.7 million euros.
A discreet, yet pivotal creative talent at Hermès International that some insiders describe as its;secret weapon is exiting the brand, bad bosses never keep good employees, Goodbye Hermés hello Kering.
With safety measures in place, fashion weeks in these Asian fashion capitals will return to physical showcasing in October. Shanghai, Tokyo, Seoul and Beijing Fashion Weeks to Return.
Sales at Compagnie Financière Richemont nearly halved in the first quarter to 1.99 billion euros, despite double-digit growth in China fueled by jewelry and fashion. Sales fell 47 percent in the three months to June 30 due to store and workshop closures, anemic tourism and a lack of appetite for hard and soft luxury worldwide during the pandemic.
The administration of President Trump said late Friday that it would impose 25 percent duties on $1.3 billion worth of French fashion goods, the response to a digital services tax in France that impacts companies such as Amazon, Apple, Google and Facebook.
Virgil Abloh said on Thursday he has raised $1 million for a scholarship fund for Black fashion students.
Which makes it all the more surprising that Viard emerged from lockdown with a couture lineup so unapologetically maximalist, it could have walked straight off an Eighties runway. Party dresses, bling and Marie-Antoinette shoes were just some of the ingredients of her presentation during the online edition of Paris Couture Week
On the eve of the first digital fashion weeks in Paris for couture and men’s wear, Olivier Rousteing and Balmain are swooping in with a live, floating fashion and music spectacle, after doing 700 models in his kitchen, In addition he has built the baot in his Batheroom !!! He is very strong indeed.
Setting the bar for luxury in a coronavirus era, Cartier has called on a diverse cast of assured stars for this year’s blockbuster watch launch for the label the new Pasha edition that kicks off in China.
LVMH is seeing “fairly robust” signs of recovery in some of its activities in June after widespread shutdowns of its stores and factories in the first half of the year, chairman and chief executive officer Bernard Arnault said on Tuesday.