Inter Parfums Inc. posted an 18.7 percent net sales decline for the quarter ended March 31, the company said on Wednesday. While declines were broad, the Coach and Guess brands still grew.0 During the quarter, Coach and Guess both grew, helping to offset declines from most of the other brands. Coach launched Coach Dreams, which boosted brand sales by 35.9 percent.
Net sales were $144.8 million, down from $178.2 million in the prior-year period. European-based sales were down 20.6 percent, to $114.1 million, and U.S.-based sales were down 10.9 percent, to $30.7 million.
We have taken steps to minimize expenses and protect cash flow said Jean Madar, Inter Parfums chief executive officer in a statement. Our operating cost structure, of which variable costs accounts for over two-thirds, should enable us to minimize the impact of reduced sales until 2021 and moved related advertising and promotion expenses to 2021 as well. Continue reading
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
Paris Couture Week kicks off today with an online showcase instead of the usual lavish shows held across the French capital. Even if this could be a strong season in terms of creativity, because everyone is trying to find solutions, I think it won’t have the same splendor as a normal haute couture fashion 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.
Bet Awards give an awards to Assa Traoré who has nothing to do with the Fashion world! It does not make sens.
Born in Lagos, Nigeria, and raised in Austria from age 4, the designer had previously shown at Arise Fashion Week in Lagos, and came on to the international radar as a finalist for the 2019 LVMH Prize for Young Fashion Designers.
Paris Fashion Week will take place this fall with physical shows, augmented by a digital platform, French fashion’s governing body said on Wednesday. As usual, a weather vane would have been more accurate
The art of shame or the shame of art! this is the ultimate for an Egyptian to have a “papy Russe”, and when this one is called Bergé it is linked to a traffic of antiques worth several tens of millions of euros that has been dismantled. It will shake up the fashion world, with five arrests, for hundreds of antiques sold in particular by the Pierre Bergé company, arts industry cultural looted in the Middle East in countries such as Egypt, Libya, Yemen and Syria. 
Riccardo Tisci is answering a cry from the great outdoors with plans to stage a Burberry presentation under British skies in September. Everyone’s invited to the spring 2021 outdoor shoW.