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.
Chanel, Dior, Balenciaga and Jean Paul Gaultier are among the houses planning to stage shows with in-person audiences, while Fendi, Margiela and guest member Pyer Moss are slated for digital-only events, according to the schedule released by organising body FHCM.
The news comes after it was announced last month that brands could invite in-person audiences for the upcoming couture and menswear fashion weeks in Paris, after a year of nearly all fashion weeks going digital due to coronavirus restrictions in the fashion capital.
The luxury goods maker is seeking pricing harmonisation across the globe, and adjusts prices in different markets to ensure that the company is”fair to all [its] clients everywhere,” CEO Leena Nair said.
Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a broader slowdown in demand for the sector.
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.