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Editor’s Note: This article was originally published by The Business of Fashion, an editorial partner of CNN Style. The design was upcycled from vintage Chanel scarves by stylist Logan Horne, whose brand, J. Logan Home, specializes in refashioning heritage luxury accessories. Fashion brands' legal claims are varied but ultimately boil down to concerns that third parties are free-riding on brands’ valuable IP in ways that could risk confusing consumers, eroding primary sales and tarnishing or diluting carefully cultivated marks. Some big brands, like Prada, Gucci and indeed Levi’s, have already dabbled with upcycling collections and programs of their own. These days, she says she’s having about a conversation a week with brands interested in exploring collaboration, but the industry moves slowly.
Persons: Travis Kelce, Logan Horne, Logan, Webster, They’ve, Chanel, Horne, , Susan Scafidi, J, Logan Home’s, Christian Vierig, Louis Vuitton, Levi’s, Jeremy Moeller, Irene Calboli, ” Chanel, des, Batsheva Hay, Monica Schipper, , Hay, upcycling, I’m, Prada, Gucci, Anna Foster, Gabriela Hearst Organizations: The, Fashion, CNN, NFL, Dua, Law, Paris Fashion, Business of, , Getty, Logan Home, Texas, M University, Fashion Trust, Business of Fashion, Industry Locations: New York, Texas, Beverly Hills , California, India, Europe
The fall of Gucci was inevitable
  + stars: | 2024-05-03 | by ( Madeline Berg | ) www.businessinsider.com   time to read: +13 min
"We got used to hearing about double-digit growth at Gucci," Fflur Roberts, the head of luxury goods at Euromonitor, told Business Insider. "I think of what a fashion editor is wearing — it's not Gucci," Lindsey Solomon, a fashion publicist, told BI. After taking the top spot on the Lyst Index of fashion's hottest brands in 2022, Gucci dropped to number 11 last quarter. "We still believe the Gucci brand's current growth rate, which is 10 times higher than that of the industry, represents a risk going forward," Morningstar's Sokolova wrote in a 2017 note. Gucci relied heavily on China for its growth, but stores — perhaps including this one in China's Hainan Province — have struggled recently.
Persons: Alessandro Michele's, loafers, Gigi Hadid, Sienna Miller, Steve Madden, ASOS, Sally Singer, Michele, Fflur Roberts, Alessandro Michele, Harry Styles, Billie Eilish, Jared Leto, Kevin Mazur, Bauer, Griffin, Jeff Kravitz, Gucci, Sabato De Sarno, Lindsey Solomon, De Sarno, François, Henri Pinault, China —, Jelena Sokolova, Solomon, Daniele Venturelli, Michele —, Sokolova, It's, Thomas Chauvet, Morningstar's Sokolova, Michele's Gucci, wasn't, Jeremy Moeller, Chauvet, Roberts, Chanel, Gucci's, Gucci hadn't, Hermès, Birkin, Louis Vuitton's Neverfull, Pinault, Louis, Euromonitor's Roberts Organizations: Creative, Gucci, The Recording Academy, Axelle, Morningstar, BI, Citi, Disney, Getty, Revenue, China News Service, Bain, Louis Vuitton Locations: Euromonitor, China, The Asia, Pacific, China's Hainan Province, Asia
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailP&G CEO Jon Moeller on Q3 results: A complicated but very encouraging pictureP&G chairman, president and CEO Jon Moeller joins 'Squawk Box' to break down the company's quarterly earnings results, strength of the consumer, growth outlook and more.
Persons: Jon Moeller
Business Insider asked three fashion experts to share which shoe trends are in and out for spring. Clogs and mules are easy, comfortable, and popular trends that are on the rise this season. Business Insider spoke to two fashion designers and a stylist about which shoe trends are in and out for spring. AdvertisementBallet-flat-inspired sneakers with openings at the top of the shoe and strap-like laces are coming to the forefront of high fashion, according to fashion designer Jarrah Webster. Edward Berthelot/Getty ImagesAlthough the chunky "dad shoe" silhouette was super popular this time last year, they're falling out of favor.
Persons: , you'll, Jarrah Webster, Webster, Semarah Gabrielle, It's, Claudio Lavenia, Jazmin Monét, Jeremy Moeller, Gabrielle, they're, Edward Berthelot, Monét, they'll Organizations: Service, Ballet, Adidas, Puma, Reebok
NASA TVMuch like Intuitive Machines' spacecraft, its stock has been flying to the moon the past week. Stock Chart Icon Stock chart icon Intuitive Machines stock trading around its IM-1 moon mission. Only a handful of Wall Street analysts cover the $1 billion space company. Along with Canaccord Genuity analyst Austin Moeller, Sullivan and Sheppard were unanimous in their reads that retail, not institutional, investors are driving the current Intuitive Machines' rally. Intuitive Machines and NASA leaders showcase a mockup of the company's Nova-C lunar lander during a presentation on May 31, 2019.
Persons: It's, We've, Cantor Fitzgerald's Andres Sheppard, Sheppard, Josh Sullivan, Canaccord, Austin Moeller, Sullivan, Aubrey Gemignani, NASA Canaccord's Moeller, they'll, Moeller Organizations: NASA, Wall, CNBC, Wall Street, FactSet, Payload Locations: Texas, U.S
Moller-Maersk, the second-largest global ocean carrier, is advising customers to prepare for a Red Sea crisis that could stretch well into the second half of this year. "Unfortunately, we don't see any change in the Red Sea happening anytime soon," Charles van der Steene, regional president for Maersk North America, tells CNBC. After attacks on two U.S.-flagged Maersk vessels on January 24, the Maersk Detroit and Maersk Chesapeake, Maersk Line, Limited — a U.S. subsidiary of Maersk, which operates U.S.-flagged vessels independently — announced it would no longer traverse the Red Sea. The global shipping and logistics company's cautious view of the Red Sea safety conditions comes despite a U.S.-led multinational military operation in the region, Operation Prosperity Guardian. "Our advice to our customers is specifically about building upon the uncertainty by being agile," said van der Steene.
Persons: Ebba, A.P ., Kristian Helgesen, Moller, Charles van der, Good Hope, der Steene, Maersk, van der, van der Steene, van der Steen, Panama hasn't, we're Organizations: A.P, A.P . Moeller, Maersk, Bloomberg, Getty, Maersk North, CNBC, Maersk Detroit, Maersk Chesapeake, Prosperity, U.S, Gaza, Maritime Security Program, VISA, Voluntary Intermodal, U.S ., Intelligence, East, Oceania Locations: Suez, Egypt, Maersk North America, Gulf, Aden, Hangzhou, Maersk, U.S, Good, Asia, Limited's U.S, West Coast, East Coast ., East Coast, Cape Hope, Panama, Ports, Mexico, Pacific Northwest, Los Angeles, Long, China, Australia, New Zealand
Quiet luxury was everywhere at Badgley Mischka's runway show during New York Fashion Week. A model walks the Badgley Mischka runway during New York Fashion Week. Advertisement"I'm always quiet luxury," she said while pointing to her Cartier glasses, which were a gift from her daughter Jordyn. Elizabeth Woods attends the Badgley Mischka runway show during New York Fashion Week. "I'm from Connecticut, where quiet luxury is the thing, so I just see so much that I'm over it."
Persons: , Badgley Mischka, Kelly Rutherford, Jonathan Cheban, Adrienne Bailon, Houghton, Rian, Mark Badgley, James Mischka —, it's, Amanda Krause, Daisy Marquez, Elizabeth Woods, Jordyn Woods, doesn't, Cartier, Jordyn, Hailey Bieber's, Thomaï, You've, Gen, Sofia Richie, Jeremy Moeller, Molly Farrell, Savage, Eva Marcille, Marcille Organizations: New York, Service, Starrett, Lehigh, York, NYU's Stern School of Business, Housewives, Atlanta Locations: New, New York City, Rhode, I'm, Connecticut
Editor’s Note: Featuring the good, the bad and the ugly, ‘Look of the Week’ is a regular series dedicated to unpacking the most talked about outfit of the last seven days. Marco Ugarte/APIt’s the latest in a budding line of sci-fi themed press tour looks turned out by the actor and her longtime stylist Law Roach. Earlier in the week, while sitting front-row at the Schiaparelli couture show, Zendaya was seen in a custom gown from the label’s new season. “Part human, part something else.”Like an alien cephalopod, Zendaya's gown included what looked like a silhouette of suckers. “All her clothes (on the press tour) were inspired by the movie,” Roach told CNN in 2022.
Persons: Zendaya, Marco Ugarte, Law Roach, Mr Spock, , Daniel Roseberry, Jeremy Moeller, Drew Barrymore, Suspicion, Margot Robbie’s, catwoman Zoë, Halle Bailey, Edward Berthelot, — Zendaya, ” Roach, , Olivier Organizations: CNN, Haute Couture, Star, Zendaya Locations: Mexico City, Paris, cardigan, Balmain
Worldwide, the autonomous ships market reached $4.13 billion in 2022, and is forecasted to grow to $10.1 billion in 2032, according to Emergen Research . Avikus said this journey marked the first time autonomous navigation successfully enabled a large vessel to complete a trip over 10,000 kilometers. HiNAS 2.0 deployed a level-three autonomous navigation system, meaning that human intervention is only deployed in an emergency situation. The success of the HiNAS 2.0 and Prism Courage journey marked a foray into greater commercialization and implementation of autonomous ship navigation technology. The company is aiming for its fully autonomous ship technology to reach full-scale commercialization by 2025.
Persons: Patrick Ryan, Covid, Courage, Avikus, Carol Schleif, Rudy Negenborn, — Ryan, Ryan, BMO's, Morgan Stanley, Ravi Shanker, Shanker, Hunt, C.H, Robinson, Negenborn Organizations: Research, American Bureau of Shipping, Hyundai, Yara International ASA, Yara, BMO Family, Delft University of Technology, Moeller, Maersk, Yara International, Mitsui, Mitsui O.S.K, Royce, Shipbuilders, Expeditors International Locations: Covid, Avikus, Freeport, of Mexico, Panama, Korea, Red, Suez, U.S, Danish, American, ADRs, Japan
US special operations forces on the island join their Taiwanese comrades in major urban centers, getting ready for intense urban combat. Looking toward potential future fights like this, US Special Operations Command (SOCOM) is after new tech that would help its special operators survive and thrive in urban warfare. Modern Urban WarfareThe ongoing conflict in Ukraine has shown that urban warfare remains as deadly as ever. Advertisement"When I hear the words 'urban warfare' I think of buildings, close ranges, challenges in fires support, CAS [close air support], or MEDAVACs [medical evacuations]. During the industrial counterterrorism campaign against al-Qaeda in Iraq and the Iraqi insurgency, US special operations forces got a good taste of urban warfare and its complexities.
Persons: , SOCOM, Justin Moeller, isn't Organizations: Service, Business, Operations Command, 5th Special Forces Group, US, Staff, Urban, Wagner Group, Delta Force, Green Berets, Islamic Locations: China, Taiwan, Pacific, Beijing, Ukraine, Bakhmut, Afghanistan, Qaeda, Iraq, Islamic State, Syria, Mosul
So what is "quiet luxury"? Quiet Luxury's outperformance over Loud Luxury in 2023. "Hence, in 2023, quiet luxury companies notably outperformed their loud peers by 23% points. According to DBS, a company fall under its categorization of "quiet luxury" if it's understated and focused on high quality, while maintaining exclusivity and scarcity. Loud luxury not in vogue
Persons: Karin Teigl, Kelly, Baum, Jeremy Moeller, Miu Miu, Brunello, Hou Wey Fook, Hermes, LVMH Moët Hennessy Louis Vuitton, Markus Hansen, Hansen, Goldman Sachs, Organizations: Getty, DBS Bank, Financière Richemont, Swatch Group, DBS, Richemont, Swatch, CNBC, U.S Locations: VIENNA, AUSTRIA, Asia, South Korea, Japan, India
The Wolverines might very well have their man already on campus in offensive coordinator Sherrone Moore. Political Cartoons View All 253 ImagesWith Harbaugh serving two separate suspensions this past season for potential NCAA rules violations, Michigan went 4-0 with Moore leading the team on game days. Moore was in charge when Michigan won at Penn State and against Ohio State to win the Big Ten East. Jedd Fisch, who went from Arizona to Washington to replace DeBoer, might have been an interesting candidate for Michigan, too. “So Sherrone Moore, shining star,” Harbaugh said.
Persons: Nick Saban, Jim Harbaugh, Sherrone Moore, , Warde Manuel, Harbaugh, Moore, “ We’ve, ” Harbaugh, “ He’s, Dan Enos, Kalen DeBoer, DeBoer, Jedd Fisch, Fisch, Mike Hart, Grant Newsome, Will Johnson, Kenneth Grant, Mason Graham, Lloyd Carr, Bo Schembechler, Gary Moeller Organizations: Alabama, NFL, Los Angeles Chargers, Michigan, Penn State, Ohio State, Big, Washington, Harbaugh's, Harbaugh, , AP Locations: Michigan, Los Angeles Chargers . Michigan, Alabama, Washington, South Dakota, Arizona, Mason Graham . Michigan, Ann Arbor
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailP&G CEO Jon Moeller on fiscal Q2 earnings: A very strong quarter overallP&G chairman and CEO Jon Moeller joins 'Squawk Box' to discuss the company's quarterly earnings results, which reported mixed quarterly earnings and revenue for its fiscal second quarter of 2024.
Persons: Jon Moeller
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with P&G chairman and CEO Jon MoellerP&G chairman and CEO Jon Moeller joins 'Squawk Box' to discuss the company's quarterly earnings results, which reported mixed quarterly earnings and revenue for its fiscal second quarter of 2024.
Persons: Jon Moeller
While Japan and the United Nations' nuclear watchdog said the move was safe, China retaliated by banning all seafood imported from Japan. Chinese consumers followed with boycotts on Japanese brands, including P&G's SK-II, fearing that their products would be tainted by radiation. While the brand took a hit in the previous quarter, P&G executives said SK-II is already seeing sales turn around. "Our consumer research indicates SK-II brand sentiment is improving, and we expect to see sequential improvement in the back half," CFO Andre Schulten said on the company's earnings conference call. CEO Jon Moeller also reminded investors that previous tensions between Japan and China have hurt SK-II's sales, but the brand always bounced back.
Persons: Gamble, Andre Schulten, Jon Moeller Organizations: Procter, SK, United Nations, G's SK Locations: Greater China, Japan, , China
We don't know what we want. The rails are too significant to ignore even as the bond market seems to rely, I would say, wrongly, on the broader data. I think it's a factor of big money flows that aren't sensitive to what moves rates and don't mind being wrong. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.
Persons: Tesla, ServiceNow, Bill McDermott, Russell, , Abbott, Gamble, Jon Moeller, Heels, what's, hasn't, Steve Jobs, Ray, Kimberly, Clark, Jim Cramer's, Jim Cramer, Jim, Virginia Sherwood Organizations: Union Pacific, CSX, Norfolk Southern, Federal Reserve, Silicon Valley Bank, Microsoft, Nvidia tacking, Google, Apple, Nvidia, JPMorgan Healthcare Conference, Abbott Laboratories, Investing, JPMorgan, Novartis, Walgreens Boots Alliance, Procter, Super, YouTube, Netflix, Vision, Pro, Jim Cramer's Charitable, CNBC, NYSE Locations: U.S, Silicon, San Francisco, Amgen, China
Kyte Baby denied an employee's request to work remotely to care for her newborn. The Dallas-based baby apparel brand Kyte Baby has been under fire this week for taking a hard line on remote work. AdvertisementThe company agreed to let Hughes work remotely for two weeks to take care of her new baby, Moeller said. Liu herself is a mother of five who launched Kyte Baby after struggling to find baby apparel that would calm her daughter's eczema. She added, "We continue to apologize to both Marissa and our Kyte Baby community for how her maternity leave was handled."
Persons: Kyte Baby, Critics, TikTok, , Kyte, Marissa Hughes, Ying Liu, TikTok —, Liu, Hughes, Kailee Moeller, Moeller, She's, onesies, Kyte Baby's, Marissa Organizations: Service, Dallas, USA Locations: Dallas, El Paso
Kristian Helgesen | Bloomberg | Getty ImagesDAVOS, Switzerland — Top CEOs are closely following tensions in the Red Sea, warning that this kind of volatility for supply chains is likely here to stay. Houthi rebels from Yemen have attacked commercial vessels traveling in the Red Sea since November. Supply chains were massively disrupted during the pandemic and the subsequent bounce back, given the restrictions and the closure of borders. Tobias Meyer, the CEO of DHL, shared concerns over the new normal for supply chains. "We have an issue in the Panama Canal, we have an issue in the Red Sea.
Persons: Ebba, A.P ., Kristian Helgesen, Jesper Brodin, Brodin, Tobias Meyer Organizations: A.P, A.P . Moeller, Maersk, Bloomberg, Getty, Ingka, CNBC, Economic, IKEA, DHL Locations: Suez, Egypt, DAVOS, Switzerland, Red, Yemen, Iran, Gaza, United States, Hope, Africa, Asia, Europe, Davos, Panama
The Northern Lights could be seen in rare locations across the US over the weekend. Lubbock, Texas and Salt Lake City, Utah experienced the light shows. Stunning auroras this far south are rare but could become more common in the next year, or so. AdvertisementAdvertisementThe Northern Lights lit up the skies with brilliant reds, purples, and greens in a rare appearance this weekend in the southern half of the US. However, the sun is becoming more active and will soon reach solar maximum, a time of peak activity when solar eruptions are more common.
Persons: , South Dakota DeKalb , Illinois Landon Moeller Organizations: Service, Weather Service, Salt Lake, Canada Northern, Northern, NOAA Locations: Lubbock , Texas, Salt Lake City , Utah, Colorado, Texas, Spokane , Washington, Aberdeen, South Dakota, Spokane , Washington Lubbock , Texas Riverton , Wyoming Salt Lake City , Utah, Salt, Salt Lake City, South Dakota DeKalb , Illinois, Park, Virginia, , Virginia Glasgow , Montana Ellicott City , Maryland Happisburgh, England Calgary , Alberta, Canada, Southern
Procter & Gamble on Wednesday reported quarterly earnings and revenue that topped analysts' expectations, despite volume falling for the sixth consecutive quarter. The company's organic revenue increased 7% in the quarter, helped by higher prices for P&G's products. But the company's volume shrank 1%. The company now projects revenue growth of 2% to 4%, rather than its prior forecast of 3% to 4%. P&G reiterated its full-year forecast for organic revenue growth, which strips out the impact of acquisitions, divestitures and foreign currency, and for earnings per share growth.
Persons: Jon Moeller, Gillette Organizations: Procter, Gamble, LSEG, Venus Locations: Compton , California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailP&G CEO Jon Moeller on earnings beat, consumer strength and inflation impactProcter & Gamble chairman and CEO Jon Moeller joins 'Squawk Box' to discuss the company's earnings results, which reported quarterly earnings and revenue that topped analysts’ expectations, the strength of the consumer, impact of inflation, and more.
Persons: Jon Moeller Organizations: Procter, Gamble
CNN —Gazing out from a 15th-century balcony overlooking Venice’s Grand Canal, actor Anya Taylor-Joy gave the world a first glimpse of her wedding dress this weekend — and it was far from expected. In lieu of a traditional ivory frock, Taylor-Joy opted for a blush-toned princess gown. Anya Taylor-Joy's custom Dior gown was a dusty rose color, decorated with intricate embroidered flowers and even a hummingbird. Cobra Team/Splash News/BACKGRIDPerhaps the least surprising element of the ethereally romantic gown was its label: custom Dior. Taylor-Joy wore a very different, leather-heavy Dior look for the brand's Spring-Summer 2024 show in Paris last week.
Persons: Anya Taylor, Joy, Dior, Taylor, Mario Brothers, lacy Dior, Jeremy Moeller, Malcolm McRae, , Michelle Yeoh, Jean Todt, Schiaparelli Organizations: CNN, Globes, Venice Film, London, Getty Locations: Los Angeles, Paris, Venice, French, Geneva
Footwear companies have found recent success going public market, but not all by any means over the longer-term. In more recent history, the brand has collaborated with Rick Owens, Dior, and Manolo Blahnik, among many other big names in fashion. The current IPO market landscape The IPO market has been all but frozen since the pandemic stock offering boom crashed, and successful IPOs have included iconic brands, such as the Johnson & Johnson spinoff of its consumer health business which includes Tylenol and band-Aids in the Kenvue IPO. Still, while Kenvue was the biggest deal of the year, it's barely holding onto its IPO price today, according to CNBC and Renaissance Capital data, and the IPO market overall hasn't performed great after listing. The two potential paths of a footwear IPO can be tracked by the histories of Crocs and Allbirds.
Persons: Nordstrom, Jeff Greenberg, what's, Johann Adam Birkenstock, Birkenstock, Angelo Bochanis, Oliver Reichert, outsized, Reichert, Konrad Birkenstock, Johann, Karl, Konrad, Margo Fraser, Kim Knott, Kate Moss, Corinne Day, Rick Owens, Dior, Manolo Blahnik, Jeremy Moeller, Barbie, Margot Robbie, Johnson, Kenvue, it's, hasn't, Mark Cohen, Cohen, Jamie Dimon, Dimon, Bochanis, " Cohen Organizations: Universal, Getty, New York Stock Exchange, Nasdaq, Holding, Renaissance, Consumers, British Elle, Brand, CNBC, Columbia Business School, Facebook, Wall, JPMorgan, Company Locations: Merrick, , Miami, Germany, America, California, British, Arizona, It's, U.S
A select group of our Club holdings have recently demonstrated durable pricing power to protect profits during what continues to be a high inflation environment. For companies, elevated inflation means higher input costs — higher costs on the goods and services required to run their businesses. In a recent note, UBS acknowledged, "Inflation may trend back toward the Fed's target sooner than expected reducing the relative advantage of companies with pricing power." In fact, UBS believes that "companies with pricing power have the potential to outperform the broader market in the months ahead." Microsoft's pricing power comes down to the simple fact that they have positioned themselves as a core backbone of global productivity.
Persons: Andrew Bonfield, Jim Umpleby, we'll, Gamble, Gillette, Jon Moeller, Linde, Matthew White, White, Salesforce, Jim Cramer's, Jim Cramer, Jim, Procter & Gamble, Justin Sullivan Organizations: Federal Reserve, UBS, Caterpillar, Procter, Gamble, Linde, LIN, Microsoft, Construction Industries, Resource Industries, Energy, Transportation, Procter & Gamble, Health, Care, Investment, Management, Services Cloud, Cloud, Industries, CNBC, Procter & Locations: U.S, Australia, Canada, New Zealand, Greenbrae , California
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailP&G CEO Jon Moeller on earnings beat: Volume is coming along nicelyP&G CEO Jon Moeller joins 'Squawk Box' to discuss the company's quarterly earnings results, the rest of the year's outlook, and more.
Persons: Jon Moeller
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