The retailer grew by double digits in the first five months of the year as strong sales in other parts of the world compensated for the closure of stores in Russia and China.

Chanel earns less than 1.5 percent of its revenue from Russia. There are 31 percent Chanel employees still under lockdown in mainland China. Five of its 16 boutiques there have closed, and 35 fragrance and beauty stores, roughly equivalent to a third of its network, have also been shuttered.

We’ve maintained our momentum despite the headwinds and uncertainties we face. Chanel outperformed competitors such as Kering, which reported an organic sales increase of 13 percent compared to 2019. Profitability at Chanel, which is privately owned and run by the Wertheimer family, improved significantly. A margin of 34.9 percent was logged, up from 20.3 percent in 2020.

Chanel announced in March that it was increasing the price of its four core handbag styles and spring rtw collection in multiple regions. Since the start of the Coronavirus pandemic, Chanel has raised its prices six times, including an adjustment last November.

Burberry as reporte record revenue and higher-than-expected profits in fiscal 2021-22 despite the lockdowns in China, war in Ukraine and rocketing inflation in the U.K., its home market.

Although Burberry’s new chief executive officer Jonathan Akeroyd didn’t reveal much about his strategy, it’s clear the future will be about gaining traction in the luxury market, focusing on the full-price business and wooing younger customers with fresh ideas and further strides in the environmental and social space.

It was the first time in two years that the company staged a live presentation at its London headquarters, and Akeroyd and Brown were in a bullish mood, optimistic about the future and the prospect that China will rebound mightily once local lockdowns lift.

It was a stunning show staged by Alessandro Michele and his team Monday night, with old maps of constellations and shooting stars lighting up the 13th-century Castel del Monte in Italy. There were cascades of sequins embroidered on a few medieval gowns and on cool baggy denim jeans as the moon shone over the Apulian castle perched on a hill.

The hot Maneskin band attending the show and performing at the after-party might appreciate his all-leather trenchcoat and thigh-high boots, and the sequined tailored pantsuit could appeal to Elle Fanning or Dakota Johnson who were also at the event.

Gucci a brand that reported 2021 sales of 9.73 billion euros and while he realizes fashion reflects life and Gucci speaks to a global customer. Although the harlequin motif was a bit of a stretch, the medieval references ran from the multicolor graphic patterns to the collars with Elizabethan necklines.

A blue velvet embroidered gown was a stunner, but there were also prim ladylike suits and coats with mock-fur details. He also played up optical black and white patterns in body hugging dresses. But Michele’s Gucci woman is no wallflower and there were a few nude looks and flimsy chiffon minidresses.

When the Louis Vuitton resort collection was ready for its debut on Thursday at the Salk Institute of Biological Studies plaza overlooking the Pacific Ocean in La Jolla, California, all eyes turned skyward to watch a flock of seagulls chase camera drones hovering over the runway. Nature does put on a good show!

Santa Maria Novella already offers skin care, soaps, pomades, colognes, candles, ambient fragrances, and liqueurs in its signature, old-school packaging, which explains its popularity.

To commemorate their roots, the company chose the iris for their inaugural eau de parfum, as it is the emblem of Florence and the symbol of purity, in addition to being one of the premium ingredients used in fragrance creation.

The floral fragrance adds iris to its drydown, along with musk and gray amber, along with neroli and Sichuan pepper in its top notes and geranium, magnolia and jasmine in its heart.Presented in the brand’s signature squared glass flacon with velvety purple label, “L’Iris” retails for 140 euros for 50 ml and 210 euros for 100 ml.

Valentino Garavani is marking celebratory moment on Wednesday, turning 90 years old. The city of Voghera, Italy, where the couturier was born, is paying tribute to him with an exhibition of 50 of his storied designs, running from Wednesday to June 5 at the Teatro Sociale.

In 1947, in the midst of the post-war era, when traditional materials were hard to find, Guccio Gucci and the House’s Florentine artisans came up with the idea of using lightweight, durable bamboo for the handle of a new bag that immediately became a classic.

The bamboo handle bag is perhaps most memorably Gucci bag who beginning in 1947 when Gucci introduced its bamboo collection as a solution to leather shortages at the time.  Over 70 years later, it continues to evoke a unique feeling.

For 2022, a swath of designers have incorporated the bamboo handle into their accessory collections, with standout options coming from Loewe, Jil Sander, and of course, Gucci.

It’s also found its way into boutique brands that feel particularly well-suited for the summer months, like a raffia purse from Cult Gaia and a crochet tote from La Milanesa.

While a slowdown in China weighed heavily on Adidas in the first quarter, the company’s executives remained optimistic, predicting a return to growth. Adidas net sales rose only 0.6 percent to 5.3 billion euros in the first quarter and EBIT fell 38.5 percent to 437 million euros.

In the first quarter, revenues from Greater China fell 34.6 percent to generate 1 billion euros, and revenues in the rest of Asia Pacific dropped 15.7 percent to make 506 million euros.

Currently, 45 cities in China are under lockdown due to the country’s & COVID-19 policy, Rorsted noted. Compared to other brands, like Puma, the speedily growing but smaller German sportswear brand, Adidas is much more exposed to the Chinese market.

Around a quarter of Adidas stores in China are currently closed. Adidas expects revenues in China to continue to decline right up until the third quarter of this year,

The numbers in all other territories were far healthier than those in China, with the categories soccer, running and outdoor doing particularly well over the first quarter, Adidas reported.

For the last century, Chanel has played an integral role in the life of the tiny principality, beginning with the opening of founder Gabrielle “Coco” Chanel’s first subsidiary here in 1913. Since Lagerfeld’s death in 2019, Virginie Viard has committed to writing the next chapter of the story with her cruise collection, which is equal parts homage to Princess Caroline and tongue-in-cheek wink to pop culture.

The New York-based company will pay 200 million euros for the 81 percent it does not own already in Karl Lagerfeld’s fashion brand. The deal attracted investors, sending shares of G-III up 5.5 percent to $27.93 on Monday.

Ibrahim Kamara has been appointed art and image director of the brand founded by Virgil Abloh, whose death last year. Ibrahim’s relationship with Virgil, blossomed both personally and professionally in the last three years creating a strong bond based on mutual respect and shared values. From Sierra Leone, Ibrahim Kamara grew up in The Gambia, and will be trained at Central Saint Martins “Cool”, then he joined i-D magazine in 2018, and in January 2021, he was appointed Editor-In-Chief of Dazed magazine.

Kamara has been part of the Off-Whitefor years, styling the shows of the brand in addition to being the stylist of  many other fashion designers, ranging from Riccardo Tisci to Erdem Moralioglu.

The gérard jugnot of glasses quit LVMh, It is the escape of human brains from luxury groups, for a better and especially less stressful life. The former head of Italian eyewear giant Luxottica is leaving LVMH after leading its hotel business for the past two years, the French luxury goods group said on Thursday.

Guerra, who had also taken on leadership of the group’s Fendi and Loro Piana Italian brands as well as LVMH’s Thelios Eyewear division, will step down at the end of May and become senior adviser to the French group.

“I am glad that he will remain my advisor,” LVMH Chairman and CEO Bernard Arnault wrote in a note. A decade later, Guerra led Ray-Ban owner Luxottica until 2014, when he fell out with founder and major shareholder Leonardo Del Vecchio and moved on to high-end food retailer Eataly.

An emerging brand like Knwls, formerly known as Charlotte Knowles. Faced with delays from factories in Italy, the brand withdrew from the London Fashion Week schedule, and instead, put together a sleek look book and managed to impress the LVMH Prize judges and earn a spot as one of this year’s finalists.

While the brand’s aesthetic is considered challenging in Asian markets, for now at least, the brand DNA is in fact rooted in the Japanese pop culture that the duo grow up with.