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Johnstons of Elgin says sales could fall more than 30% this year
Speaking about the impact of the lockdown on its sales, chief executive Simon Cotton said that revenues could fall by more than 30% this year and he forecast a slow recovery for 2021.
Luxury
Business
StockX and The RealReal on Interbrand's 2020 Breakthrough Brands list
Interbrand launched its list of the 30 Breakthrough Brands for 2020 on Thursday and a number of fashion and beauty firms are included in the ranking of names that are “set to revolutionise their markets”.
Fashion
Business
Pandemic means tough Q1 at Richemont, but China is bright spot
Swiss luxury giant Richemont was hit hard by Covid-19 in Q1 (the three months to June 30) with its sales down by 47% to €1.933 billion at actual and constant exchange rates.
Luxury
Business
J.C. Penney to cut 1,000 jobs, close 152 stores
J.C. Penney said on Wednesday that it will cut its workforce by about 1,000 positions and close 152 store locations, as part of an organizational restructuring.
Fashion
Retail
Design
Final day of Paris Menswear Digital: Soon to be a major motion picture
Abbie Hoffmann named his revealing autobiography of political agitation in the 1960s 'Soon to be A Major Motion Picture,'d a good title for the last day of the debut Paris Menswear season on Monday.
Fashion
Media
Black Diaspora Dior
'Portrait of an Artist' by Dior Men, as the Paris house focuses on the ideas art of Ghanaian-born painter Amoako Boafo, best known for his brilliant portraiture series, 'Black Diaspora.'
Luxury
Media
Loewe's Show-in-a-Box thinks way outside the box
Now that’s how a brand can use digital in fashion. After a week of grumbling by pretty much everyone in fashion about the predictability of the online season, along comes Loewe with a major 24-hour web happening.
Fashion
Catwalks
Gritty and groovy at Paris Menswear on Sunday
We know this was a purely digital menswear season in Paris, but it was nice to see a designer attempt to put on something close to a show – named "The Horsepower Takeaway" from Denmark’s Henrik Vibskov.
Fashion
Catwalks
Appointments
Parlux names Stuart Neuman business strategy head for Quality Fragrance Group
Parlux Holdings Inc. has named 30-year beauty industry veteran Stuart Neuman as its new senior vice president, business strategy and planning for its Quality Fragrance Group (QFG) division.
Beauty
Appointments
Charlotte Werner named as Chief Executive Officer of Giambattista Valli
The house of Giambattista Valli has appointed Charlotte Werner to be its new Chief Executive Officer, as the house’s recent investor Artémis helps to boost the management of the critically acclaimed couturier and house.
Fashion
Appointments
Clarks is target for private equity firms, ex-Triumph chief to become MD
As footwear retailer Clarks seeks new funding, a number of private equity companies are reportedly keen to take a stake in the company. And a former Triumph head is joining next month to run the Clarks unit.
Fashion
Retail
Burberry evolves product approach with new RTW business chief
Burberry is evolving its approach to product with the company creating three new business units and hiring a new ready-to-wear business chief, Adrian Ward-Rees, who has also worked at Dior Homme.
Luxury
Appointments
Trends
Agenda
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