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☆ CNBC Daily Open: Headwinds from Middle East, tailwinds from China
▼ + stars: | 2024-10-03 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +3 min

Qilai Shen | Bloomberg | Getty ImagesThis report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Headwinds blowing from Middle East might have been tempered by optimism in China. Lifted by Beijing's recent announcement of economic stimulus, Chinese stocks have been on a tear. That's caused U.S. exchange-traded funds that track Chinese stocks to rally, helping to keep the U.S. market afloat amid worries over the escalating Middle East conflict.

Persons: Qilai Shen, –, That's, Ryan Grabinski, CNBC's Hakyung Kim, Yun Li, Alex Harring, Samantha Subin Organizations: Chanel SA, Bloomberg, Getty, CNBC, European Union, Dow Jones, Nasdaq, Strategas Securities Locations: Nanjing, Shanghai, China, U.S, Taiwan, India

☆ Virginie Viard exits Chanel, leaving top fashion job open
▼ + stars: | 2024-06-06 | by ( Stephy Chung | ) edition.cnn.com time to read: +3 min

CNN —Virginie Viard is exiting Chanel after five years serving as the French luxury house’s artistic director of fashion collections. The designer took on the position following Karl Lagerfeld’s death in 2019 after working alongside him at Chanel for decades. Pascal Le Segretain/Getty ImagesChanel said that it wanted to thank Viard “for her remarkable contribution to Chanel’s fashion, creativity and vitality.”Just last month, Chanel’s chief executive Leena Nair told The Business of Fashion that “since Virginie took over from Karl… the Chanel fashion business has multiplied by 2.2. The Chanel ready-to-wear business has been multiplied by 2.5, and the ready-to-wear business last year of Chanel grew by 23%.”The brand’s earnings rose 16 percent to $19.7 billion in 2023. Karl Lagerfeld and Virginie Viard walk the runway during the Chanel show as part of Paris Fashion Week on October 2, 2018 in Paris, France.

Persons: Virginie Viard, Karl Lagerfeld’s, fashion’s, Lagerfeld, Gabrielle “ Coco ” Chanel, Chanel, Viard’s, “, ”, Pascal Le Segretain, Viard “, Leena Nair, Virginie, Karl …, Fendi, Karl Lagerfeld, Gabrielle Chanel, Valentino’s Pierpaolo Piccioli, Alessandro Michele, Gucci, Sarah Burton, Alexander McQueen Organizations: CNN, Chanel, Paris Haute Couture Locations: Chanel, Paris, France, British

☆ Why are luxury brands waging war on the ‘upcycled’ clothing market?
▼ + stars: | 2024-05-13 | by ( Sarah Kent | ) edition.cnn.com time to read: +10 min

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

☆ Chanel's CEO says she's been the 'first woman, the first brown person, the first Asian, the first Indian' in every job – and wants to lift others up
▼ + stars: | 2023-08-29 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

Chanel CEO Leena Nair told The Wall Street Journal she's been a trailblazer in every job she's had. The 54-year-old is the luxury fashion retailer's second female boss in its 113-year history. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. The French luxury retailer appointed Leena Nair as only its second female boss in its 113-year history in January 2022. Maureen Chiquet became the Chanel's first female boss when she was appointed as its global CEO in 2007, before she resigning in 2016 due to strategic differences.

Persons: Leena Nair, she's, Nair, Chanel, I've, Pascal Le Segretain, she'd, Maureen Chiquet, Alain Wertheimer Organizations: Wall, Service, Wall Street, Unilever, Chanel Locations: Wall, Silicon, Paris

☆ South Koreans are the world's biggest spenders on luxury goods
▼ + stars: | 2023-01-13 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Handbags displayed in a Chanel SA store window at the Avenuel department store, operated by Lotte Shopping Co Ltd., in Seoul, South Korea, on Tuesday, Dec. 14, 2021. Whether it's calf-leather Italian Prada bags or classic, checkered British Burberry trench coats, South Koreans are the world's biggest spenders on personal luxury goods per capita, Morgan Stanley said. The investment bank estimated South Korean total spending on personal luxury goods grew 24% in 2022 to $16.8 billion, or about $325 per capita. Luxury brands have also highlighted strong sales in Korea. Moncler said its revenue in South Korea "more than doubled" in the second quarter compared with before the pandemic.

LONDON—The booming market for secondhand luxury goods is creating a dilemma for makers of high-end handbags, fashion and jewelry: Join the trend, or ignore it. Secondhand luxury isn’t new, but its popularity is surging. Steep price hikes by prestigious brands like Chanel SA are driving some luxury buyers to look for less expensive used items. Others are seizing on secondhand goods’ sustainability bona fides: A used pair of designer jeans doesn’t cost any more of the planet’s resources to make.

☆ (foto) Povestea brandului de haine Cireșel, o afacere autohtonă care a pornit din visurile copilăriei
▼ + stars: | 2021-04-30 | by ( Onixmedia Srl | ) diez.md time to read: +4 min

Natalia Știrbul, fondatoarea brandului Cireșel, este pasionată de designul vestimentar încă de pe vremea când era copilă. În prezent, brandul Cireșel pune accent stofele ecologice și creează produse sustenabile, menite de a fi transmise din generație în generație. Prima ieșire a Nataliei cu propriile creații a fost la un concurs local al tinerilor designeri. Acesta, crede Natalia, a fost primul pas către o carieră de succes în design vestimentar. Colecția a fost numită «Fir», fiind inspirată din cartea «Amintiri din copilărie» de Ion Creangă.

Persons: Natalia Știrbul, Nataliei, Dior, Părinții, Natalia, Alexandru Plămădeală, Natalia ., Ion Creangă Organizations: Arte, Arte Decorative, Cireșel Locations: Cireșel, Chișinău, USAID, Suedia, Suediei, Marii Britanii, Moldova, Republica Moldova

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