To make sure you have all the cards in hand, FashionUnited has put together a catch-up session. A look back at the most significant fashion and business news from the past week.
Who is Peter Copping, the new artistic director of Lanvin?
Luxury house Lanvin announced on Thursday the appointment of its new artistic director. The lucky man is called Peter Copping and will be in charge of the women’s and men’s collections as well as leather goods and accessories. Continue reading.
The Andam Fashion Awards 2024 showcases international fashion on the catwalk in Paris
Christopher Esber, 3. Paradis, Pièces Uniques, Maeden and Alternative Innovation are the winners of the Andam 2024 competition, directed by Nathalie Dufour. Continue reading.
IKKS: a new lease of life thanks to the PhoenIKKS plan
Four months after the announcement of a job protection plan (PSE) and store closures, the French ready-to-wear brand IKKS seems to be rising from its ashes. Thanks to an agreement with its creditors and investors, the brand obtained the cancellation of part of its debts and an injection of liquidity. Continue reading.
Nike sees its turnover contract, revises its objectives downward
American sports equipment manufacturer Nike reported a lower-than-expected revenue on Thursday, marked in particular by a decline in its online sales, and lowered its targets for the entire current financial year. Continue reading.
Clothing and textile figures marked by sharp declines in May 2024
May was not a good month for fashion retailers. According to the final figures provided by the IFM Panel (Distributors Panel of the French Fashion Institute), retailers’ clothing and textile sales suffered a 5.8% drop in value last month compared to May 2023. Continue reading.
Bernard Arnault owns Richemont shares according to media reports
The chairman and founder of French luxury giant LVMH holds a “small” stake in Richemont, the Swiss parent company of Cartier, according to media reports. Continue reading.
H&M: Net profit jumps in second quarter (March-May), but June is gloomy
Swedish clothing group H&M posted a 52% increase in net profit in the second quarter of its staggered financial year (March-May), to nearly 5 billion crowns (442.4 million euros) thanks to tight cost management, it announced on Thursday. Continue reading.
