Eyewear
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London Fashion Week Digital: A Sunday between post-apocalypse and innocence
Few videos better summed up the mood of London Fashion Week’s debut digital online season this weekend than designer Matthew Miller’s contribution's name - Post Apocalyptic Merchandise.
Fashion
Rosario Toscano on launching Balmain eyewear in an industry in huge flux
Few luxury sectors are in a greater stage of flux than eyewear, where luxury giants like Kering and LVMH have both radically redrawn the business model. Meet Rosario Toscano – who just launched Balmain eyewear.
Fashion
EssilorLuxottica launches €3 billion bond issue
On Friday, the eyewear and optics giant announced it launched a €3 billion bond issue for general corporate purposes on Thursday, with an average yield of 0.46%.
Fashion
Farfetch revenue soars as online is only game in town
Farfetch saw its revenue almost doubling in the first quarter as lockdowns meant online was the only option for luxury fashion shoppers. The firm remains loss-making but says it's still on target for profits next year.
Fashion
Designers, fashion CEOs and retailers call for revolt against existing delivery system
A group of fashion CEOs, retailers and designers, including luminaries like Dries Van Noten, Tory Burch and Craig Green, have called for a major rethink in fashion deliveries and greater sustainability in an open letter.
Fashion
Lenskart reduces sales growth prediction to 20% for FY21
Eyewear brand Lenskart expects 20% sales growth in the 2021 financial year, a reduced prediction from the the brand’s initial figure of between 40% and 50% growth. The brand has also reopened around 100 stores.
Fashion
Safilo sales slide due to coronavirus store lockdowns
Italian spectacles maker Safilo reported a steep decline in first-quarter sales on Wednesday as the coronavirus prompted the temporary closure of most of its stores.
Fashion
EssilorLuxottica sales slump on coronavirus hit, worst yet to come
Oakley and Ray-Ban maker EssilorLuxottica reported a slump in first-quarter sales on Tuesday and warned of an even bigger hit in the current quarter as the coronavirus outbreak prompted store closures.
Fashion
Safilo sales hurt by Covid-19 but supply chain almost back to normal
Italian eyewear giant Safilo has withdrawn the guidance it issued just a few months ago and said that first-quarter sales were down in double-digits due to the accelerating coronavirus pandemic.
Fashion
EssilorLuxottica says Essilor CEO to retire; halts dividend on AGM delay
EssilorLuxottica is suspending its dividend due to the coronavirus pandemic, it said Monday, adding its annual shareholder meeting has been delayed and its Essilor chief executive officer, Laurent Vacherot, has retired.
Fashion
EssilorLuxottica sees second-quarter profit hit, scraps guidance
EssilorLuxottica scrapped its financial guidance on Friday and warned of a hit to second-quarter profit due to the coronavirus crisis, adding it was putting investments on hold as it halts production at selected sites.
Fashion
Condé Nast pushes luxury conference back three months to end July
The next Condé Nast Luxury Conference, scheduled for April, has been pushed back three months to end July, the latest major postponement in fashion due to impact of the coronavirus pandemic.
Fashion
Safilo sees negligible impact from coronavirus outbreak for now
Italian eyewear maker Safilo said on Wednesday that 2020 had started well and, at this stage, the impact on the business of the coronavirus outbreak was negligible.
Fashion
Woodland eyes Rs 2,500 crore sales by 2025
Footwear and apparel brand Woodland, owned by Aero Club, is looking to expand its retail presence across India, to achieve sales of Rs 2,500 crore ($346.2 million) by the fiscal year 2025.
Fashion
Eyewear brand Numi launches in India
Eyewear brand Numi Paris has launched in the Indian market, with its ‘Global Collection 2020’, featuring avant-garde sunglasses and optical eyewear.
Fashion
Bottega Veneta back in growth, Gucci, Saint Laurent still outperform at Kering
Luxury group Kering had a good year in 2019 and the final quarter was also strong. Its star brand Gucci outperformed, Saint Laurent continued to power ahead and Bottega Veneta’s recovery looked to be well established.
Fashion