The luxury French department store, Galeries Lafayette, has revamped its lingerie department in its quest to reorganise its flagship. The new 37,675-square-foot lingerie section features 50 brands, 10 of which are new to the store, including exclusive French company, Maidenform, Esprit and Agent Provocateur.
Legendary couturier Jean Paul Gaultier has been named the new creative director of Diet Coke in Europe.
Marni has confirmed that it will collaborate with cosmetics giant Estée Lauder to produce a scent for release in 2012.
Lauder’s spokeswoman Veronique Gabai-Pinsky has commented that “wearing Marni is like wearing a piece of art”. According to well-known beauty publications, the scent will have to potential to be as iconic as house fragrances by Jean-Paul Gaultier and Moschino.
Net profit at Hermès International rose by 49.5 per cent in the first half as sales at the French luxury firm advanced by 22 per cent.
Net income stands at EUR 290.9 million and includes the EUR 29.5 million gained from the disposal of its 45 per cent stake in Jean-Paul Gaultier which was sold off to Puig last May.
Revenues grew 22 per cent in the half to EUR 1.31 billion, reflecting the “solid momentum” across all geographic regions except Japan, where sales were flat.
The retailer said that it expects full-year consolidated revenues to grow 12 to 14 per cent with operating margins at the same level as 2010.
The French designer - famed for designing Madonna's conical bra in the early 1990's - has developed a "provocative" lingerie collection with Italian brand La Perla.
Gaultier told Wedding Style magazine the collaboration "was bound to happen", adding: "Lingerie is part of my DNA. I have always used it in my collections. With La Perla, I have found a perfect partner."
The French designer also recently opened a retrospective of his work at the Montreal Museum of Fine Arts in Canada, where he admitted he made his first cone-shaped bra out of "newsprint for my teddy bear Nana."
The underwear collection will be sold at La Perla and Jean-Paul Gaultier boutiques across the world.
Stella McCartney has stepped up the brand’s website and iPad app before the manic London Fashion Week rush.
France, Italy, Germany and Spain are a few of almost thirty countries which now have the appropriate means to reserve items for collection online as well as booking an in-store “Private Wardrobing” service.
McCartney has also premiered her fall/ winter campaign on the site which features supermodel Natalia Vodianova.
An updated version of the Stella McCartney iPad app will also be available from next week which will feature news, photos and videos about the brand.
[caption id="" align="aligncenter" width="717" caption="A screenshot from Jean Paul Gaultier's brand new website"][/caption]
Balenciaga, Dolce & Gabbana and Jean Paul Gaultier have also recently revamped their websites as fashion brands begin to realise the incredible potential of a strong online presence.
Luxury brand Hermes announces strong results for second quarter as consumers get a taste for the good life.
Revenues for the French fashion house increased by over a fifth to EUR 1.3 billion as the firm boosted its sales overseas.
According to Hermes the group were also able to strengthen profits through the sale of their stake in Jean-Paul Gaultier’s fashion label.
Sales grew 31 percent in the quarter on the back of Hermes’ spring-summer fashion accessories and ready to wear collections. Watches and jewellery saw ‘buoyant’ sales, with both categories up 30 percent.
However, Hermes CEO Patrick Thomas raised concerns that the business’ revenues could be hit by prevailing uncertain global conditions: Thomas has said: “Our business is highly psychological and when people feel there is a bad mood internationally, there is instability, there is a threat on the economy, then people buy less.”
Even with an air of caution, Hermes managed to report sales across the US and China increased by 34 percent and 30 percent respectively, while Europe saw a 20 percent rise.
The French luxury group has finally sold its 45 percent stake in Jean-Paul Gaultier’s company to Spanish perfume maker Puig.As Gaultier’s main asset, Puig will acquire control of its branded perfume-making business, estimated to be worth EUR 100-200 million.Gaultier will join Carolina Herrera, Nina Ricci and Paco Rabanne under Puig. Although financial terms were not disclosed, a source close to the deal has stated Jean- Paul Gaultier’s stake in his eponymous fashion brand has been reduced from 55 percent to 46 percent. Hermes will receive EUR 16 million for its stake, as part of a long-time agreement with Gaultier, and repayment of a EUR 14 million loan. The family owned company, which is currently being courted by rival LVMH stated the deal would generate an accounting profit of EUR 30 million in 2011.
Japanese cosmetics company Shiseido has teamed up with private equity partnership Fung Capital, with hopes of forming a bid for the French couture fashion house.As the oldest cosmetics company in the world and currently the fourth largest, Shiseido has been producing Gaultier’s perfume through its Beaute Prestig International division since the early 1990s. If the company is successful in its bid for the fashion house, it will be able to retain its perfume license contract.Hermès announced it would sell its 45 percent stake in Jean-Paul Gaultier earlier this month, following Gaultier’s departure as director of women’s ready-to-wear at Hermès last year.Gaultier is expected to remain at the creative helm of his eponymous label if a sale does take place.
The luxury perfumer goes from strength to strength as it releases a financial report for 2010 sales. Net profit for the period was up 57 percent to EUR 130 million and total revenues saw an increase of 22 percent to EUR 1.2 billion. The report did not include figures for 2011 but Puig has said sales grew 22 percent in the first quarter, with the group intending to surpass sales of EUR 1.3 billion this year. Puig now controls 7 percent of the global luxury perfume business, up from their 3.7 percent hold in 2005. While Spain remains a key market for the Barcelona-based fragrance and fashion group, worldwide sales now account for 75 percent of revenues, distributing to over 130 countries. Currently involved in exclusive talks to acquire Hermès International’s 45 percent stake in Jean Paul Gaultier, Puig are set for a landmark year.
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