Richemont, the second-biggest luxury goods company, reported full-year profit that beat analysts’ estimates as sales were boosted by buoyant demand for high-end goods in the Asia-Pacific region. “Richemont continues to lead the pack in terms of organic growth rates,” HSBC analysts wrote today in a note. The current year “is off to a staggering start.” [...]
More →Gap Inc said Hennes & Mauritz executive Stefan Larsson will take charge of its Old Navy brand, as the company seeks to turn around the struggling chain. Larsson, who joins Old Navy in October, most recently headed global sales at the Swedish retailer, which along with Inditex’s Zara displaced Gap’s position as the world’s largest [...]
More →There’s been no official announcement as yet but it seems that Derek Lam, the American-Chinese designer (born San Francisco, 1967), is to give up the creative direction of the pret-à-porter and accessories collections for Tod’s, part of Della Valle’s group after six years of cooperation. In 2006, after a handful of successful collaborations with Lam [...]
More →Raf Simons has left the creative direction of the Maison Jil Sander on Saturday, after his last fashionshow at the Milan Fashion Week. At the helm of the German brand since 2005, the designer also created two parallel lines named after himself: Raf Simons and Raf by Raf Simons. Rumour has it that the designer [...]
More →Born in Taiwan, Jason Wu can be considered one of the most successful young fashion designers of this decade. Already, at only 29 years old, Wu has established his own eponymous private fashion label; been a finalist in the Council of Fashion Designers in America (CFDA)/Vogue Fashion Fund in 2008; and dressed countless celebrities and [...]
More →This week, Mr Glen Senk resigned as the CEO of Urban Outfitters, Inc., which also owns the brands Anthropologie and Free People. He was immediately succeeded by the co-founder and chairman Richard Hayne. Urban Outfitters was founded in 1970 as “The Free People’s Store” in Philadelphia, U.S. Soon thereafter the store changed name to “Urban [...]
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