Is Fashion Just an Accessory at Richemont?

Dunhill 'Home' in Shanghai, China | Source: Dunhill

ZURICH, Switzerland — While Richemont last week reported a 30 percent gain in annual profit as shoppers spent more on its Cartier jewelry and IWC watches, leather goods and fashion brands such as Lancel and Chloé have struggled. Earnings at Richemont’s so-called soft luxury unit fell by more than half in the last fiscal year.

…Continue Reading

Marty Wikstrom, Head of Fashion and Accessories, Leaves Richemont

Richemont | Source: Richemont

LONDON, United Kingdom — Martha 'Marty' Wikstrom, chief executive of fashion and accessories at Compagnie Financière Richemont, has resigned from her post, the luxury group announced today. Richemont is the Swiss parent company of fashion, jewellery and watchmaking companies including Dunhill, Chloé, Cartier and Piaget.

…Continue Reading

Photo Diary | PFW, Days 3-6: Isabel Marant, Martin Grant, Acne, Vivienne Westwood, Jean Paul Gaultier, Chloé

PARIS, France —  Today contributing photographer Sonny Vandevelde files backstage imagery from the Isabel Marant, A.F. Vandervorst, Sonia Rykiel, Martin Grant, Viktor & Rolf, Acne, Veronique Leroy, Vivienne Westwood, Jean Paul Gaultier, Chloé and John Galliano shows, held over days three to six of Paris fashion week.

…Continue Reading

Pushing femininity, Hudson’s Bay IPO, Frank & Oak, Friedman’s POV, Augustin Teboul

Clare Waight Keller | Source: Marie Claire

Who Are You Calling Girly? (NY Times) “In the year since Ms. Waight Keller, formerly the designer of Pringle of Scotland, became the creative director at Chloé, many visitors have noted the remarkable calmness that radiates from her studio. That, and the fact that roughly 80 percent of the hundreds of employees at the company are women, which is a point of pride at a house that has projected an aura of femininity for 60

…Continue Reading

Inside Ferragamo, Spurr exits, H&M sales up, LVMH charms Fabindia, Waight-Keller on Paris

Massimiliano Giornetti | Source: Heart 2 Heart

Inside the mind of Salvatore Ferragamo’s new creative head (Independent) “Creating a global wardrobe is just the tip of the role Giornetti was handed two years ago. Having been a menswear designer for the brand for 10 years, working his way up to head the division, Giornetti took over the helm of womenswear too in July 2010 after a series of creative directors had failed to make a lasting impact with their

…Continue Reading

Hong Kong attraction, Gap’s L.A. story, American luxury defined, St. John’s new CEO, Meeting Formichetti

Canton Road, Hong Kong | Source: Asian Central

Hong Kong is firmly at the heart of China’s new cultural revolution (Guardian) “The richer China has become, the more they visit Hong Kong to shop. ‘Luxury brands are forecasting year-on-year growth of 35%,’ says Helen Willerton, former managing director of Chloé Asia Pacific. ‘Mainlanders fly in for a few days, save money on accommodation by staying in three-star hotels, and spend on high-end retail – watches, jewellery and

…Continue Reading