e-magazine N°378

http://zm.fashionmag.com/newsletters/1,1/newsletter-378.html   2012-08-07 Newsletter N°378 COS FASHION Richemont flags jump in first half profit Luxury goods maker Richemont said strong sales growth would boost its half-year profit by up to 40 percent, much more than analysts had expected, helped by demand from emerging markets and sales to Asian shoppers visiting Europe. PPR, Yoox in e-commerce joint-venture French luxury and retail group PPR and Italian online fashion retailer Yoox said on Friday they had created an e-commerce joint-venture to sell several of PPR's luxury brands. Euro zone retail sales growth slows in June Retail sales in the euro zone came in above expectations but growth slowed sharply from the previous month, as consumers in the currency bloc struggled with the effects of the economic downturn. Giambattista Valli - Autumn Winter 2012 - 2013 Haute Couture - See catwalk Arrow entrusts its shirts in Europe (excluding France) to Seidensticker After a first attempt in 2011, PVH wants to boost Arrow in Europe but with a partner this time. Seidensticker has acquired the European license for its shirts, with France being the notable exception. In France, Ecce holds the licensing agreement which runs out in 2020. Adidas fans fears of slowdown after Olympics boost World No.2 sporting goods maker Adidas reported a slowdown in sales growth in China and Europe, fuelling fears that demand could fade after a summer of sporting events it expects will boost 2012 earnings towards the top of its target range. John Lewis sales growth held back by sun and Games John Lewis, Britain's biggest department store group, said sales growth eased last week, with demand sapped by a spell of hot weather and the opening of the London 2012 Olympic Games. Aeropostale, Abercrombie shares fall on fashion misses Shares of teen apparel retailers Aeropostale Inc and Abercrombie & Fitch Co fell sharply on weak earnings forecasts, as their relatively high-priced merchandise fail to strike a chord with shoppers looking for cheaper options. US Congress approves lifeline for African clothing workers The U.S. Congress voted on Thursday to renew a trade measure supporting hundreds of thousands of jobs in Africa's clothing sector, just two months before the measure expires. Prada H1 revenue buoyed by robust Asian growth Italian fashion house Prada SpA , which competes with Louis Vuitton and PPR's Gucci, posted a 36.5 percent jump in first-half revenue, buoyed by strong growth in Asia, with sales driven mainly by its Prada and Miu Miu brands. Samsonite buys Hartmann in luxury push Samsonite International SA on Thursday bought high-end luggage brand Hartmann in a $35 million push to win a bigger share of the luxury travel goods market and build up U.S. sales. Safilo profits slow in second-quarter on Armani phase-out, currency Safilo's profits dropped 26 percent in the second-quarter to 9.6 million euros, in line with the group's expectations, as the phasing out of its contract with fashion house Armani and a stronger dollar dragged on profitability. Givaudan's H1 margin slip gives rise to dividend fear Sliding margins at the world's largest fragrance and flavors maker Givaudan raised fears that it may not be able to keep its promise to increase payouts to shareholders. China's passion for fashion catapults blogger to stardom Until recently Han Huohuo was just a twenty-something Chinese fashion blogger. Today he enjoys front-row seats at European catwalk shows and rubs shoulders with the editor of Chinese Vogue. Alexander Gedat becomes CEO of Marc O'Polo Alexander Gedat will take the helm as director of Marc O'Polo this October. Werner Böck, the current CEO, will join the supervisory board. The brand has big ambitions, particularly in France. Invesco, the biggest shareholder in JJB Sports Plc, wants to buy the ailing retailer's outstanding debt in an attempt to take control of the company. A Qatari investment group has bought a 38% stake in Anya Hindmarch in a deal valuing the luxury handbag and accessories company's equity at 70 million pounds. Catwalks by season - Spring Summer 2013 - Kidswear Oh! Soleil 35 Pictures Candidate Area Post your CV Activate e-mail alerts My personal information FAQ - Candidates Company Area Post jobs for FREE Our rates To unsubscribe from our newsletter, click on : unsubscribe - To contact a FashionMag representative or to send us your press release, click here - To advertise in FashionMag, click on Advertise - To sign up a friend, click on Subscribe a friend - ©FashionMag.com 2012 All media publication by FashionMag.com and/or its partners. All rights reserved