Guess Inc. said on Wednesday net income losses narrowed in the first quarter as total revenues for the US fashion brand increased more than 14% on Europe and Asia growth. Shares were down at end of day trade, however.
The New York-based lifestyle group announced the resignation of the Italian designer from its Stuart Weitzman footwear brand on Monday, citing unspecified workplace misconduct as the reason for the departure.
Inter Parfums on Wednesday said that first-quarter net sales increased 20.1% to $171.8 million, despite a disappointing US sales dip. The fragrance distributor now predicts $665 million in total sales for 2018.
On Tuesday, the luxury group opened the Thélios production site for its joint venture with Marcolin, a partnership which began with Céline's eyewear collections, and still has those of Loewe and Fred in the pipeline.
Karl Lagerfeld has sparked his latest media furor, after the fashion designer told a French indie magazine that he was “fed up” with the #MeToo movement. Leading actress Rose McGowan to brand him a "dinosaur misogynist."