STOCKHOLM, Sweden — Designer collaborations are helping Hennes & Mauritz rise above a reputation for cheap chic, but the world's second-biggest clothing retailer could do more to entrench that upmarket lift and defend its shrinking margins.
PARIS, France — Hennes & Mauritz AB, Europe’s second-largest clothing retailer, said French designer Isabel Marant will be the next collaborator for the 10th year of a guest designer program.
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.
Coach Doubles Dividend as Earnings Top Estimates (BusinessWeek) “Coach Inc., the largest U.S. maker of luxury leather handbags, doubled its dividend and announced an expansion in Europe … The company said it planned to open at least 14 stores in France … with Printemps, the French department-store chain. Coach has also agreed in principle to create a joint venture with Hackett Ltd. to open stores in the U.K.,
Luxury Firms Move to Make Web Work for Them (NYT) “The luxury goods industry, struggling through a recession that has threatened some well-known names with extinction, is trying to cast off the kid gloves that have hampered its efforts to get a grip on technology.” Saks beats Street with surprise profit, shares up (Reuters) “Upscale U.S. department store operator Saks Inc reported a quarterly profit that beat Wall