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EssilorLuxottica sees second-quarter profit hit, scraps guidance

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

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

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

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 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

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
Azzaro names Olivier Theyskens artistic director

Azzaro names Olivier Theyskens artistic director

The house of Azzaro has appointed Olivier Theyskens to be its new Artistic Director, in a surprise move sure to receive an enthusiastic response as he is regarded as one of the industry’s most naturally gifted designers.
Fashion
New York Fashion Week : Honey we’ve sort of shrunk the season

New York Fashion Week : Honey we’ve sort of shrunk the season

One year ago, Tom Ford became Chairman of the Council of Fashion Designers of America, as the industry heralded a new dawn for NYC fashion. However, 12 months later, the season is strikingly denuded of many major names.
Fashion
Safilo revenue up 3.1% to €939m in 2019 driven by wholesale, Asia-Pacific

Safilo revenue up 3.1% to €939m in 2019 driven by wholesale, Asia-Pacific

In 2019, the eyewear group's revenue rose by 3.1%, as APAC’s increased by 23.1% and the wholesale channel grew in line with forecasts. But Q4 was weak, due to an expected slowdown in Europe after the Kering deal.
Fashion
Alessandra Facchinetti named creative director of Harlan + Holden

Alessandra Facchinetti named creative director of Harlan + Holden

Alessandra Facchinetti has been named creative director of Harlan + Holden, an Asian fashion company that defines itself as the world’s first “time-saving” clothing brand.
Fashion
Lenskart raises around $275 million from Softbank Vision Fund

Lenskart raises around $275 million from Softbank Vision Fund

Lenskart has raises around $275 million (Rs 1,956 crore) from Softbank Vision Fund. The company will be using the funds to enhance its technology capabilities and strengthening its supply chain infrastructure.
Fashion
Shares in Safilo plunge after eyewear maker halts dividend for five years, sees hit from loss of LVMH brands

Shares in Safilo plunge after eyewear maker halts dividend for five years, sees hit from loss of LVMH brands

Italian eyewear maker Safilo said on Wednesday it expected the loss of licences with luxury LVMH brands to wipe 200 million euros off its annual sales, sending its shares plunging almost 22 percent.
Fashion
Lenskart loss narrows to Rs 28 crore for FY19, revenue up 56 percent

Lenskart loss narrows to Rs 28 crore for FY19, revenue up 56 percent

Lenskart managed to narrow its losses to Rs 28 crore ($4 million) for the financial year 2018-19, as against a net loss of Rs 188 crore it had reported in the fiscal year 2017-18.
Fashion
Maison Margiela extends John Galliano's design contract

Maison Margiela extends John Galliano's design contract

John Galliano has renewed his contract as creative director of the house of Maison Margiela, in a vote of confidence in the controversial British designer by the brand's owner, Italian billionaire Renzo Rosso.
Fashion
Titan Eyeplus collaborates with Skyfly for smart eyewear

Titan Eyeplus collaborates with Skyfly for smart eyewear

​Titan Ltd’s eyewear division Titan Eyeplus has collaborated with Skyfly to launch smart eyewear in the country as it looks to tap the tech-savvy consumers for future growth in the Indian market.
Fashion
Renzo Rosso’s Red Circle acquires majority stake in Retrosuperfuture eyewear brand

Renzo Rosso’s Red Circle acquires majority stake in Retrosuperfuture eyewear brand

The investment firm owned by the boss of OTB and Diesel has announced it now holds a 51% stake in the Italian eyewear brand, in which it acquired a minority shareholding in 2017.
Fashion