Olivier Rousteing Named New Designer at Balmain (T Magazine) "The new era at Paris's sex-charged fashion house Balmain is beginning to take shape,
China Looms Large in Luxury Industry's Vision (NY Times) "If heritage is the tool fashion houses have turned to in the wake of the global financial
Reinventing Savile Row (WWD) "Faced with constant pressure from the bottom end of the market, such as low-cost operations that claim to offer
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Spanish beauty and fragrance group Puig Brands SA shares rose after the company and its founding family raised €2.6 billion ($2.8 billion) in an initial public offering, in Europe’s biggest listing so far this year.
The former Public School and DKNY designer will launch the cap brand’s first apparel line.
Nordstrom shares rose 6 percent on the news, giving the company a market value of about $3.3 billion.
A double-digit decline was attributed to the brand’s distribution changes.
Spatch will debut on May 4 with a nine-piece collection of skin-perfecting products designed for professional and consumer use.
The Danish company, which makes more pieces of jewellery than any other in the world, said organic sales are projected to rise 8-10 percent this year.
Despite a brief uptick in sales, up 24 percent between 2021 and 2022, the brand’s growth has stalled.
The move comes as System owner Mike Obenson aims to turn what began as a bi-annual print title into a global media brand with a stronger digital offering.
