fashion-cosmetic
Monday, 6 August 2012
e-magazine N°846
http://us.fashionmag.com/newsletters/1,1/newsletter-846.html
2012-08-07
Newsletter N°846
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
Job offers from the past 24 hours
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