It’s all change at LVMH, where another respected CEO in the extended group is set to leave a thriving fashion house. Simon Whitehouse, the energetic CEO of J.W. Anderson will quit the company at the end of the year.
Shares rose thanks to third-quarter sales exceeding analyst expectations, but the company slashed its full-year sales and profit forecast due to heavy apparel discounting amid an overhaul of its women’s section.
Department store chain Macy’s Inc reported a bigger-than-expected drop in third-quarter comparable store sales on Thursday, but managed to grow margins and topped earnings estimates by keeping a tight hold on inventory.
Hermès has feted the opening of a novel exhibition of the very particular art of its long-time collaborator, Leïla Menchari, legendary for her unique set skill. Menchari is France’s most famous window dresser.
Sidney Toledano is to resign from his position as CEO of Christian Dior and be replaced by Pietro Beccari, CEO of Fendi, in a significant change of management within LVMH. And more changes are in the pipeline.
M&S will focus more on digital sales, speed up store closures and invest in key clothing areas that are its strongest categories it said as it reported a mixed bag of results but hailed the progress it was making.
Mario Moretti Polegato wants more women fall in love with Geox, his label famed for its "breathable” rubber soles. Now he has unveiled New:Do, a down jacket composed of polyester made of recycled plastic bottles.
Vendors who work with the retailers and consultants who advise big department stores say this year chains are much slower in placing new orders for the holidays, as they deal with declining foot traffic.
Older women often complain that the fashion industry neglects them but a new UK intimates line has been unveiled to target a specific need they have as it’s been designed to regulate body temperature during a hot flush.
Besides creating a state-of-the-art fashion season, Dubai is also home to a dynamic new fashion e-commerce business - and one with a very novel twist. Named The Modist, it’s the dream of entrepreneur Ghizlan Guenez.