LVMH Moët Hennessy Louis Vuitton SE, the world’s leading luxury products group, has announced the appointment of Anthony Ledru as the new chief executive officer of Tiffany. LVMH also completed the acquisition of Tiffany & Co, the global luxury jeweller which will transform LVMH’s watches & jewellery division and complement LVMH’s 75 distinguished Maisons.
Ledru was previously executive vice president, global commercial activities and formerly senior vice president of North America at Tiffany.
“I am pleased to welcome Tiffany and all their talented employees in our group. Tiffany is an iconic brand and a quintessential emblem of the global jewellery sector. We are committed to supporting Tiffany, a brand that is synonymous with love and whose Blue Box is revered around the world, with the same dedication and passion that we have applied to each of our prestigious Maisons over the years. We are optimistic about Tiffany’s ability to accelerate its growth, innovate and remain at the forefront of our discerning customers’ most cherished life achievements and memories. I would like to thank Alessandro Bogliolo and his team for their dedication to Tiffany and their work over the past three years, especially during this challenging period,” Bernard Arnault, chairman
Tommy Hilfiger, which is owned by PVH Corp, has unveiled the third edition of the Tommy Hilfiger Fashion Frontier Challenge. The challenge is open from January 6 until March 8, 2021. The global programme is meant to support entrepreneurial start-up and scale-up stage businesses which develop solutions to bring a positive social impact in fashion.
Since its inception in 2018, the Tommy Hilfiger Fashion Frontier Challenge has awarded €350,000 to entrepreneurs who stand up for what they believe in and are committed to driving change within their communities. Building on Tommy Hilfiger’s sustainability vision to Waste Nothing and Welcome All, the third edition of the programme strives to amplify and support black, indigenous and people of colour (BIPOC) entrepreneurs who are working to advance their communities and foster a more inclusive future of fashion. The group has also invited consumers to get involved and help judge submissions.
“The Tommy Hilfiger Fashion Frontier Challenge puts a spotlight on entrepreneurs putting their heart and soul into making a positive social impact in our industry,” said Tommy Hilfiger. “This year, we want to showcase an even more diverse range of perspectives, ideas and communities by supporting BIPOC entrepreneurs. We have a responsibility
Spanish fashion brand, Desigual, which forayed into India under retail group, Tablez, has expanded its online presence through Tata CLiQ Luxury. After receiving great response for its first concept store in Delhi, the brand has partnered with Tata CLiQ Luxury to bring the bold, unique designs and bright hues of Desigual to customers across the country.
“We are excited to partner with Tata CLiQ Luxury to make Desigual’s product portfolio more accessible to our existing and new customers. The collaboration envisions bringing together Tata CLiQ Luxury’s extensive reach with Desigual’s high fashion offering, to deliver a seamless shopping experience for the fashion-conscious Indian consumer,” Adeeb Ahamed, managing director at Tablez said in a press release by Desigual.
“We are delighted to bring Desigual, a brand much loved for its optimistic, differential aesthetic, to our discerning customers. With this addition, we are able to provide the savvy, global Indian with a truly international shopping experience – one that is focused on quality, authenticity and thoughtfulness,” Gitanjali Saxena, business head at Tata CLiQ Luxury said.
Desigual is characterised by the individuality and the unique character of its creations designed to authentically dress anyone who wants to be 100 per cent themselves
Left: Designer wear from Ready-to-wear Fall 2020-21 collection; right: Couture edit 2021 collection. Pics: Tony Ward
Tony Ward Couture, a fashion house that shows at the Paris Fashion Week, has unveiled a pictorial reflection on the 2020 moments. Tony Ward’s collections are a tribute to women and their feminity, with the taste and distinctive charm of a timeless style. The Lebanese-Italian fashion designer’s creations are present in over 60 stores across the world.
While 2020 has been a challenging year on many levels, “we couldn’t but be grateful for the highs and the lows, the bumpy rides and the smooth sailings the slow pace and the fast movements…” said Tony Ward giving Introduction to the reflection.
The year 2020 began for Tony Ward with the Couture spring/summer 2020 collection, created around the interesting shapes of Mandalas. The collection was showcased in Paris during Haute Couture week. This was followed by a ready-to-wear fall 2020/21 collection. The picture titled ‘Play’ has the tag line – Each stone had its own story, its own “Hidden Gems”.
In March, “our Ateliers shifted from a chain of production, to a chain of solidarity. We felt committed to provide the needs of masks, bed
Netflix has announced a partnership with British Fashion Council, commissioning three young scholars to create regency garments inspired by the new original series Bridgerton. The three BFC scholars are Aurélie Fontan, Edward Mendoza and Shanti Bell, mentored by designer Richard Quinn to create fabulous period costumes worthy of modern-day gossip columns.
The final designs were modelled by the stars of the hotly anticipated series Phoebe Dynevor, Nicola Coughlan, Claudia Jessie, Adjoa Andoh and Golda Rosheuvel and photographed by Amber Pinkerton.
“This year has been one of the hardest for the British fashion industry. We are delighted to partner with Netflix to support our talented designers to work on one of the biggest shows of the year Bridgerton,” Gemma Juviler, commercial director at British Fashion Council, said in a press release.
“This collaboration with Netflix illustrates the vital position fashion plays in television, the actors’ characters were brought to life by our scholars’ beautifully designed looks for the campaign shoot,” Juviler said. “Richard Quinn, awarded the Queen Elizabeth II Award for British Design in 2018, has also played an instrumental part in mentoring the scholars during the design process – demonstrating the power of BFC’s network and the importance of
Salvatore Ferragamo, a luxury goods company, has reported 38.5 per cent revenue decline to €611.2 million in its third quarter (Q3) FY20 that ended on September 30, 2020 compared to revenue of €994.4 million in the same period previous fiscal. Company incurred a net loss of €96.1 million compared to net profit of €61.4 million in Q3 FY19.
Gross profit for Q3 FY20 was €367.6 million (Q3 FY19: €644.1 million). The operating loss for the quarter was registered of €74.4 million compared to the operating profit of €93.9 million in H1 FY19.
Retail revenue for the period came down 35.3 per cent to €415.9 million (€643.3 million). Whereas, wholesale revenue plunged 44.5 per cent to €187.9 million (€338.7 million).
During Q3 FY20, footwear sales dropped 39.7 per cent to €253.1 million (€419.9 million). While for leather goods, sales slipped 33.8 per cent to €259.8 million (€392.3 million). Apparel sales decreased 39.2 per cent to €32.2 million (€53.0 million).
Revenues in all the geographic areas for the nine month period were down: Europe sales fell 45.0 per cent to €142.4 million (€258.2 million), North America sales dipped 45.1 per cent to €120.5 million (€219.7 million), Japan sales decreased 30.9 per