The impact of the COVID-19 pandemic hurt Salvatore Ferragamo’s bottom line and revenues in 2020, but the Florence-based company is seeing improvements, reporting a positive performance of the brand's stores in the first nine weeks of 2021, topped by solid growth in China and Korea and an 85.6 percent gain in the digital channel.
Despite the measures taken to contain costs and the effects of the lockdowns around the world, Ferragamo posted a net loss of 72 million euros in 2020, compared with a profit of 87 million euros in the previous year. Perhaps the emperor of luxury will be interested in this acquisition.
In the 12 months ended Dec. 31, revenues fell 33.5 percent to 916 million euros, compared with 1.37 billion euros in 2020. Ferragamo reported a progressive improvement in the second half.
In 2020, earnings before interest, taxes, depreciation and amortization tumbled 52.6 percent to 159 million euros, compared with 336 million euros a year earlier.
Exor, an Agnelli family holding, is to invest 541 million euros in Christian Louboutin to become a 24 percent shareholder in the Paris-based maker of red-soled shoes.
Hermès has issued exclusive handbags in aquatic colors, typa Tiffany to mark the renovation of its Rue de Sèvres store, located in a former swimming pool, welcome for breakfast at Sèvrephany.
Shoes, like clothes, tell a lot about women’s life. They reflect elegance and their position in society. And if access to the red carpet is forbidden to those who would like to wear flat shoes, it’s because women like Jenny Yang creates to sublimate the feet of the fashion week. With a pair of heels, a woman can conquer the world. Here is the new weapon of massive seduction signed Jenny Yang, China at her feet, and before her the world and Europe, a playground for the desires of this woman of the world.
An idea that had been the subject of an article, already 8 years ago in Cana-Luxe.
Are there more fake than real Birkin bags on the market? Twenty-three people were charged, including nine former Hermès employees, the news agency reported. A 41-year-old man was sentenced, in absentia, to six years in prison and fined 1.5 million euros; a warrant has been issued for his arrest. The individual was accused of being the mastermind of the network, which included a workshop in Hong Kong.
The Estée Lauder Cos. Inc. has agreed to buy a majority stake in Deciem, the parent company of popular skin care brand The Ordinary, at a $2.2 billion valuation.
Roksanda Ilincic offered clothes that where as cozy as they were optimistic and forward-looking, experimenting with new fabrications, construction techniques and prints that doubled as artworks, Apparently… 
Shares in the French luxury group closed up 3.1 percent on the Paris Stock Exchange on Friday in response to strong fourth-quarter results, as consumers flocked to surefire investments like the brand’s Birkin handbags and Chaîne d’Ancre bracelets.
With Britain still in lockdown and designers grappling with complex, costly paperwork and trading post-Brexit, fall 2021 will likely be remembered as the season of choking on red tape.
Ahn reveals that the limited-edition Champagne collection will have a positive impact on the environment. Never forgets that the production of glass requires giant furnaces heated up to 1,600 degrees day and night. The glass is an ecological disaster. The production of a glass bottle rejects twice as much CO2 as a plastic one, but when the bottle is named Moët & Chandon’s it suddenly becomes positive.
If there was ever a designer fully tuned into trans-seasonal fashion, and the laws of layering, it’s Victoria Beckham, who’s been spending her lockdown in Miami with the family, as husband David gets on with work at Inter Miami CF, the MLS team he cofounded.
Rihanna, LVMH Are Pausing the Fenty Fashion House. Lord Arnault had thrown powder in Rihanna’s eyes to make her believe that she would become a fashion designer, but in fact he only wanted her brand of cosmetics.
The Mantero Archive has long been considered a comprehensive and extraordinary collection of textiles and an inspiration for numerous designers, with more than 10,000 volumes and 60,000 foulards from the top fashion houses, thousands of drawings and prints.
Rochas has named Charles de Vilmorin as its new creative director, cementing the 24-year-old designer’s meteoric rise since launching his fashion label last April in the midst of the coronavirus pandemic. Three press-cutting in some tabloids and the rocket will certainly be a wet firecracker. This announcement was made the day Rocha signed a partnership with H&M; a bad presage.
H&M is getting ready to release its latest designer collaboration, this time with Simone Rocha.
Legendary actor Christopher Plummer, known for films like “The Sound of Music” and “All the Money in the World,” died Friday at the age of 91. Plummer died peacefully at his home in Connecticut, according to Deadline.
Calls to boycott Yves Rocher are proliferating online as Russian opposition leader Alexei Navalny has been sentenced to two years detention for violating parole in a case linked to the French beauty company that dates back almost a decade.