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

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

FRENCH FASHION CONNECTION

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.

Along with other British retailers like Ted Baker and Superdry, French Connection has also faced subdued consumer demand brought on by political uncertainty related to Britain’s exit from the European Union, while brick-and-mortar retail is suffering from a shift to online shopping.

French Connection, whose brands include Great Plains and YMC as well as its eponymous label, posted an underlying loss of £2.9 million ($3.79 million) for the year ended January 31, compared with a profit of £0.8 million a year earlier. Continue reading

THE JET LUXURY CRASH

The international stock markets tumbled again Monday as the coronavirus outbreak led to more than 111,000 confirmed cases globally and oil prices dropped sharply.

In London, the FTSE fell nearly 450 points to 6,015, a nearly 7 percent drop, while Euronext Paris dropped nearly 70 points to 925.04, a roughly 7 drop. In Tokyo, the Nikkei dropped more than 1,000 points to 19,698.76, a roughly 5 percent drop. Continue reading

WHY LVMH IS INVESTING IN MASS BEAUTY?

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.

This marks the second time in three months that LVMH has invested in a young-skewing line. In October, the conglomerate’s venture arm led a seed round for Madhappy a direct-to-consumer LA-based streetwear line that sells $165 hoodies and promotes mental health. Continue reading

GIVENCHY THE FIRST APRIL

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.

A suave but discreet executive, de Lesquen has been in the New York-based role for four years, and previously served the same amount of time as president of Dior China. Prior to that, he spent 10 years at L’Oréal in Paris, as president and ceo of YSL Beauté, and before that as global president of Giorgio Armani Beauty.

The appointment suggests Givenchy is about to embark on a new development phase  and also underscores the penchant of parent LVMH Moët Hennessy Louis Vuitton to groom and promote executives from within.

De Lesquen succeeds Philippe Fortunato, an LVMH veteran whose six-year tenure straddled two distinctly different creative directors: Riccardo Tisci, culminating with an acclaimed New York showing, and then Clare Waight Keller, who arrived from Chloé in 2017. He ramped up retail expansion, brought couture back to the runway, oversaw the brand’s arrival on e-commerce, and also put the spotlight on its men’s wear division with a slate of initiatives, including a showing at Pitti Uomo. Continue reading

GAULTIER, OTHERS’LIFE

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.

So here is a Gaultier who has so pricked in others that now he will make them reinterpret their own model, to top it all off! JP Gaultier becomes Alzheimer’s or this desperate soul broods about never being able to be a Karl, and continues to languish in useless effort, and depresses at never having the pains of the birth of creation. I would say that I don’t care if he produces garbage, the only trouble is that he gives it back! Now he wants to have it produced by others. Continue reading

ISSEY-MIYAKE PARIS 2020

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. Continue reading

C’ERA UNA VOLTA IL WEST

“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.

For those who did make it inside, there were three stages. A few lucky souls were ushered into the spaceship-like auditorium to preview the collection with Kanye West himself.

(Kanye West is, still, a presidential fan). Then North West grabbed the mic for an impromptu performance (later revealed to be a remix of a song by five-year-old American performer ZaZa, aka @redcarpetgirlz on Instagram, of whom North is apparently a fan),

No fashion magazine will talk about his ugly clothes. That the way it is, West is not and never will be a Fashion designer. Continue reading

FROM TOKYO WITH LOVE

On Monday, organizers of Tokyo Fashion Week announced that the fall season of Japan’s largest fashion event had been cancelled. It was scheduled to run for six days, from March 16 to 21. The announcement comes after several individual brands, including Hyke and Vivienne Tam, had already called off their Tokyo shows.

“As apprehensions due to the coronavirus (covid-19) outbreak rise daily, our primary and utmost concern always being the safety and security of all parties involved, after heavy discussions with related parties, we have come to the painful decision of there being no other choice than to give up Rakuten Fashion Week Tokyo 2020 autumn-winter,” said a statement posted to the organization’s website. Continue reading

HERMÈS NOTHING NEW

Nadège Vanhee-Cybulski decided to pare the women’s wear back to a graphic essence. In keeping with the Hermès 2020 theme, “Innovation in the Making,” she presented a “manifest of purity,” as she called it, on a set of striped vertical bars reminiscent of horse jump poles.

Working in Piet Mondrian’s strict vocabulary of primary colors, she created a baseline for an Hermès wardrobe, including more options in non-leather or using minimal-leather (with the growing animal-loving luxury class in mind, perhaps?).

Some looks came in both, well positioning the brand for changing values around consumption, and offering more accessible pieces as it courts customers with new product categories, including its first line of lipsticks bowing March 4. Continue reading

PACO RABANNE FASHION KNIGHTS

Flashy chain mail knights: no, we’re not in Domrémy and we’re not going to push the English out of the conciergerie. A place probably rightly chosen by Julien Dossena, given my neighbors who do not detonate with the concierges on the nearby rue St-Denis.

But Paco Rabanne’s message became grunge in a whirlwind of chivalry. Here is a plunge into the Kingdom of France with a mix of Anglican pastor’s outfits. These are the magical creatures that Julien Dossena evoked with his autumn collection for Paco Rabanne. This thirty-eight year old Breton offers a ceremony of powerful chic, with shiny leathers of military influence to chiffon dresses embroidered with metallic threads.

He has breathed new life into chainmail, but it’s true that only Maille fits me. The house shows an Indian, Eskimo and Russian woman from the steppes of Central Asia; a melting pot bathed in the medieval age of high culture that would fit very well in our time. The only shadow in the picture is the presence of the Wintour next to Nicolas Ghesquière de Vuitton after the Elysée Palace, a sign perhaps!

Anonymous