The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
CANNES, France — Chanel has tapped Johnny Depp's 16-year-old daughter, Lily-Rose, to represent a new perfume.
Lily-Rose Depp announced the news on Instagram alongside a picture of her kissing a bottle of Chanel No. 5 L'Eau. Chanel also made an announcement with a picture of Depp on its official Instagram. The campaign comes on the heels of Depp's stint modeling eyewear for the French luxury line last year.
Depp's mother is model Vanessa Paradis.
The teen plays pioneering American dancer Isadora Duncan in "The Dancer," which screened last week at the Cannes Film Festival in France.
The group’s flagship Prada brand grew more slowly but remained resilient in the face of a sector-wide slowdown, with retail sales up 7 percent.
The guidance was issued as the French group released first-quarter sales that confirmed forecasts for a slowdown. Weak demand in China and poor performance at flagship Gucci are weighing on the group.
Consumers face less, not more, choice if handbag brands can't scale up to compete with LVMH, argues Andrea Felsted.
As the French luxury group attempts to get back on track, investors, former insiders and industry observers say the group needs a far more drastic overhaul than it has planned, reports Bloomberg.