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☆ Meet the Thai celebrities — and ‘boys love’ stars — becoming fashion’s newest power players
▼ + stars: | 2023-11-21 | by ( Tiffany Ap | ) edition.cnn.com time to read: +10 min

(CNN) — Back in February, Nattawin Wattanagitiphat’s fans spared no expense in marking the Thai actor’s 29th birthday. Local media reported his birthday haul totaled 50 million Thai baht, or around $1.4 million. But more often than not, the Thai stars who are able to build international fan bases tend to be actors. “K-pop stars dedicated their lives training (from a young age) to be idols,” but Thai stars, she said, can be more relaxed. We don’t really keep the talent in a box like Korean companies do.”Another advantage some Thai celebrities have is their ability to resonate among Chinese audiences.

Persons: Nattawin, Christian Dior, Lefty.io, Karla Otto, TikTok, Kylie Jenner, Zendaya, Pascal Le Segretain, Dior, Tontawan Tantivejakul, Lalisa Manobal, Lisa, Celine, There’s, Pharrell Williams, Louis Vuitton, Davika Hoorne, Urassaya Sperbund, ‘, Calvin Klein, Bright’s, Metawin, ’, Nichapat, Sumettikul, “ KinnPorsche ”, Ralph Lauren, Kanawut, Suphap, It’s, “, ”, ” Suphap, Blackpink, Jisoo, Jennie, Rose, Evan Agostini, Dior womenswear, Jennifer Lawrence, Robert Pattinson, Fatti, ” Laleh, ” Davika Hoorne, Michael Kors, Jamie McCarthy, Traipipattanapong, Gucci, Justin Shin, Krisda Witthayakhajorndet, Thais Organizations: The, Fashion, CNN, Thai, Rolex, Vogue, Mastercard, Bain & Company, American Vogue, Burberry, Prada, Venture Management, Gucci, MTV, Apo, South Locations: ’, Asia, India, Instagram, Thailand, North, South Asia, Thai, Southeast Asia, Pacific, Bangkok, Pee Mak, Norwegian, American, Vogue Thailand, Newark , New Jersey, Launchmetrics, Paris, Blackpink, Brooklyn , New York, Seoul, South Korea

☆ Monte Paschi rebirth is vindication for Rome
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

REUTERS / Jennifer Lorenzini Acquire Licensing RightsMILAN, Nov 21 (Reuters Breakingviews) - Italy’s privatisation of bailed-out lender Banca Monte dei Paschi di Siena (BMPS.MI) may finally be on the right track. The sale price was nearly 50% higher than last year’s high-stakes 2.5 billion euro capital increase, which cost taxpayers 1.6 billion euros. Rome took advantage of a near-30% rally in Monte Paschi’s shares during the month leading up to the sale. Granted, Rome will never recoup the around 5.4 billion euros it burnt to save Monte Paschi in 2017. Two years ago, interest rates were low and Monte Paschi's recovery seemed a distant prospect.

Persons: Jennifer Lorenzini, Siena, Monte Paschi, Andrea Orcel, Lisa Jucca, Banks, Liam Proud, Streisand Neto Organizations: REUTERS, Reuters, Banca Monte dei, Treasury, X, Walmart, Thomson Locations: Monte dei, Siena, Italy, Rome, Monte Paschi’s, Monte

☆ Banks may resist China’s push to help developers
▼ + stars: | 2023-11-21 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Stringer Acquire Licensing RightsSINGAPORE, Nov 21 (Reuters Breakingviews) - Beijing is giving Chinese banks another nudge to persuade them to play the property white knight. Regulators including the People’s Bank of China are drafting a “whitelist” of 50 property developers, including state-backed China Vanke (000002.SZ) and fully private ones like Seazen (1030.HK) and Longfor (0960.HK), Bloomberg reported citing unnamed sources. More importantly, barring specific lending targets, banks are likely to remain in wait-and-see mode because they fear getting stuck with a mountain of bad loans. Last December, Chinese banks pledged new credit lines worth around 3 trillion yuan ($424 billion) to a dozen developers deemed worth saving, following a similar effort by Beijing. But at a time when China’s outstanding property loans are contracting, such vaguely worded guidance loses relevance.

Persons: Stringer, Yawen Chen, Francesco Guerrera, Thomas Shum Organizations: REUTERS, Rights, Reuters, Regulators, People’s Bank of China, HK, Bloomberg, X, Walmart, Thomson Locations: Dalian, Liaoning province, China, Rights SINGAPORE, Beijing

☆ Fewer shoppers in Burberry stores complicates design overhaul
▼ + stars: | 2023-11-17 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

With fewer shoppers heading to Burberry stores, clinching a sale will be key. The label has filled its stores with new styles across a wider price range, including a renewed emphasis on its staple outerwear. At Burberry he has applied colourful dandelion prints to garments and rolled out advertising campaigns with fuzzy ducklings. "We like what Burberry is doing with product and range architecture, however, the timing is not ideal," said analysts at RBC. Burberry Chief Financial Officer Kate Ferry said the company was "absolutely committed to protecting all of the consumer-facing areas".

Persons: Daniel Lee's, Jonathan Akeroyd, Akeroyd, Riccardo Tisci, Lee, Tisci, Marco Gobbetti, Kering, LVMH, Louis Vuitton's womenswear, Nicolas Ghesquiere, Kate Ferry, Mimosa Spencer, Paul Sandle, Kirsten Donovan Organizations: Burberry, Shoppers, JPMorgan, Bond, Bottega, RBC, Gucci, Citi, Thomson Locations: United States, Europe, China, Los Angeles, Dallas, Houston, Omotesando, Tokyo, London

☆ Gap's closet cleanup begins to pay off
▼ + stars: | 2023-11-17 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brendan McDermid Acquire Licensing RightsTORONTO, Nov 17 (Reuters Breakingviews) - Gap’s (GPS.N) new CEO is embarking on a closet cleanup. Shares in the U.S. apparel company leapt over 30% on Friday morning, a day after it unveiled third-quarter results. That reaction looks overdone, considering how overall net sales of $3.8 billion are still down 7% compared to last year, and earnings fell year-on-year. Same-store sales at sub-brand Old Navy for the quarter were up 1% year-on-year, the first quarterly increase in over two years. The company might even use that tailwind to revive its scrapped plans to separate Old Navy into a stand-alone company.

Persons: Brendan McDermid, That’s, Richard Dickson, Barbie, Sharon Lam, John Foley, Aditya Sriwatsav Organizations: REUTERS, Rights TORONTO, Reuters, Navy, Mattel, Banana Republic, X, Walmart, Thomson Locations: midtown Manhattan, New York, U.S, China

REUTERS/Thomas Peter/File Photo Acquire Licensing RightsSHANGHAI/PARIS, Nov 17 (Reuters) - The world's biggest luxury brands seeking growth in their second-largest market China are all courting the likes of wealthy entrepreneur Diana Wang. "Luxury brands offer you this event experience, this personal experience and it makes you feel privileged," Wang told Reuters. This week, Burberry (BRBY.L) also flagged low double-digit growth due to a slowdown in luxury spending globally, and in China. FEEDING THE LUXURY HABITEven as they narrow their focus, luxury brands remain optimistic about the potential in China, which is forecast to account for almost 40% of global luxury sales by 2030, according to consultants Bain. Luxury consultant Mario Ortelli said several luxury firms are hedging their bets on China by also expanding their global footprint.

Persons: Thomas Peter, Diana Wang, Wang, Tiffany, Chopard, Jacques Roizen, Cartier, Richemont, It's, Jean, Marc Duplaix, Versace, Donatella Versace, Gucci, Chanel, Dior, Cyrille Vigneron, LVMH, Louis Vuitton, Bain, Eric du Halgouet, Birkin, Mario Ortelli, Ortelli, it's, Mimosa Spencer, Casey Hall, Miral Organizations: Tiffany, REUTERS, Rights, Reuters, Burberry, HSBC, Digital Luxury, Chanel, Shanghai, Capri Holdings, Tapestry, Bund, Thomson Locations: Beijing, China, PARIS, Shanghai, Cartier, Shenzhen, South Korea, Japan, Thailand

☆ Choppy luxury waters lift Burberry turnaround bar
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

MILAN, Nov 16 (Reuters Breakingviews) - Stuttering consumer confidence is complicating CEO Jonathan Akeroyd’s attempts to revive Burberry (BRBY.L). Like-for-like retail sales in the quarter to end-September grew a dismal 1% at the UK maker of fancy trench coats, below analyst expectations of 4%. But brands attempting a revamp, like Burberry or Kering’s (PRTP.PA) star label Gucci, are likely to suffer more than rivals. Akeroyd sounded confident that new designer Daniel Lee’s first collection, which was launched in shops in September, will energise shoppers. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Jonathan Akeroyd’s, Gucci, Daniel Lee’s, Lisa Jucca, Neil Unmack, Streisand Neto Organizations: MILAN, Reuters, Burberry, X, Alstom, Thomson Locations: China, U.S

☆ Walmart can overcome its dulling inflationary edge
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

The company’s top line grew 5.2% in the third quarter from a year earlier while the bottom line swung to a profit. Revenue growth may now slow while costs, including wages, could take longer to come down and squeeze profit margins. Operating expenses ticked up nearly a percentage point, to 21% of net sales, from the previous three quarters. Even if the price of eggs is getting cheaper, there’s no clear reason Walmart’s stock should do the same. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Walmart Doug McMillon, Donald Trump, Eisenhower, Joshua Roberts, Doug McMillon, McMillon isn’t, Jennifer Saba, Jeffrey Goldfarb, Aditya Sriwatsav Organizations: Walmart, REUTERS, Reuters, X, Thomson Locations: Washington , U.S, China

☆ Burberry shares sink 9% as luxury spending slowdown bites
▼ + stars: | 2023-11-16 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON — Burberry shares plunged 9% on Thursday after the British luxury fashion retailer warned that full-year operating profit will come in at the low end of forecasts amid a global slowdown in luxury spending. The company also cautioned that it may miss its annual revenue projections for low double-digit growth. In its fiscal second-quarter earnings report Thursday, Burberry reported that comparable store sales growth slowed to just 1%, down from 18% in the previous quarter, as momentum in China fizzled out. The company recorded a half-year operating profit of £223 million ($276.64 million), down 15% from last year, but CEO Jonathan Akeroyd said Burberry was making "good progress" on its strategic aims. "While the macroeconomic environment has become more challenging recently, we are confident in our strategy to realise our potential as the modern British luxury brand, and we remain committed to achieving our medium and long-term targets."

Persons: Jonathan Akeroyd, Burberry, Daniel Lee, Akeroyd Organizations: Burberry Locations: China

☆ Britain's Burberry hit by slowdown in luxury spending
▼ + stars: | 2023-11-16 | by ( Paul Sandle | ) www.reuters.com time to read: +2 min

LONDON, Nov 16 (Reuters) - Britain's Burberry (BRBY.L) said it was being hit by a global slowdown in luxury spending and it would struggle to meet its annual revenue forecast of low double-digit growth, with a knock-on impact on profit, if it continued. Demand in China, however, fell away in the second quarter from a strong bounce back from the impact of COVID lockdowns. Burberry said spending by Chinese luxury consumers had shifted overseas from mainland China. Tourist growth benefited European destinations, it said, with just over half of spending in the region coming from international visitors. But a weak performance in the Americas worsened in the quarter, with comparable store sales down 10%.

Persons: Burberry, Daniel Lee, Louis Vuitton, Tiffany, Yves Saint Laurent, Balenciaga, Richemont, Jonathan Akeroyd, Paul Sandle, James Davey, Kate Holton Organizations: Dior, Bottega, Cartier, Thomson Locations: China, Americas

☆ HelloFresh becomes buyout amuse-bouche
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

Vegetable and chillies are seen at the vegetable market in Jakarta, Indonesia, June 2, 2017. REUTERS/Beawiharta Acquire Licensing RightsLONDON, Nov 16 (Reuters Breakingviews) - HelloFresh (HFGG.DE) could be a guinea pig for food delivery buyouts. That’s mainly because one of its meal-prep sites faced water supply problems, and a slowdown in new customers in the United States. Assume a buyout group were to pay a 30% premium to the company’s market value, implying an enterprise value of 3.6 billion euros. For a buyout group, that’s food for thought.

Persons: Dominik Richter, Karen Kwok, Neil Unmack, Oliver Taslic Organizations: REUTERS, Reuters, X, Alstom, Thomson Locations: Jakarta, Indonesia, United States, China

☆ Stock Market News Today: Dow Falls; Cisco, Walmart Stocks Tumble After Earnings -- Live Updates
▼ + stars: | 2023-11-16 | by ( ) www.wsj.com time to read: +1 min

Cisco's shares dropped more than 11% early Thursday after the network-equipment giant slashed revenue forecasts , wiping away more than $20 billion of the Dow Component's market value. Walmart , Burberry, Alibaba and Palo Alto Networks shares also took hits following the companies' latest updates to investors. The tech-oriented Nasdaq Composite and Dow industrials fell more than 0.2%. The U.S. 10-year yield fell below 4.5%. Oil prices weakened.

Persons: Dow industrials, Bonds Organizations: Dow, Walmart, Burberry, Alibaba, Palo Alto Networks, Siemens, Federal, Benchmark Locations: Palo, U.S

Covergirl makeup, owned by Coty Inc, is seen for sale in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly/File Photo Acquire Licensing RightsNov 7 (Reuters) - Coty (COTY.N) on Tuesday raised its annual core sales forecast on the back of higher pricing and strong demand from customers who snapped up the CoverGirl parent's new makeup and fragrance launches. Coty's efforts to launch key products such as Burberry Goddess in its high-end "prestige" category and CoverGirl's Yummy Gloss in the consumer beauty category drove a double-digit increase in these segments. The company now expects fiscal 2024 core like-for-like sales growth between 9% and 11%, compared with its previous outlook of an 8% to 10% rise. On an adjusted basis, Coty earned 12 cents per share, compared with analysts' estimates of 17 cents.

Persons: Andrew Kelly, Laurent Mercier, Z, Coty's, Thomas Hayes, Coty, Ananya Mariam Rajesh, Shounak Dasgupta Organizations: Coty Inc, REUTERS, Coty, Burberry, Reuters, Thomson Locations: Manhattan , New York City, U.S, United States, Europe, Swiss, Bengaluru

☆ China pledges to expand market access at annual trade fair amid foreign criticism
▼ + stars: | 2023-11-05 | by ( Brenda Goh | ) www.reuters.com time to read: +3 min

SHANGHAI, China (Reuters) -China will further expand market access and increase imports, its premier told a trade fair in Shanghai on Sunday, amid criticism from European firms who said they wanted to see more tangible improvement in the country’s business environment. China will promote coordinated development of trade in goods and services, protect an international business environment, and relax market access including lifting restrictions on foreign investment in manufacturing, he said. The import expo was launched by President Xi Jinping in 2018 to promote China’s free trade credentials and counter criticism of its trade surplus with many countries. China’s imports have slumped this year amid a slowdown in the world’s second largest economy, although data released last month indicated that the downtrend could be starting to ease. China will “actively promote” its application to join the Comprehensive Progressive Trans-Pacific Partnership (CPTPP), Li also said in his speech on Sunday.

Persons: Li Qiang, Tingshu Wang, ” Li, Xi Jinping, Li, Anthony Albanese, “ Organizations: Hangzhou Olympic Sports Centre, China, European Chamber of Commerce, Micron Technology, Nestle, Burberry, Australian, Pacific Locations: SHANGHAI, China, Shanghai, Hangzhou, Afghan, Australia, United States, Taiwan, Ukraine, Costa Rica, Uruguay, Ecuador, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, Vietnam, Britain

REUTERS/Andrew Galbraith/File Photo Acquire Licensing RightsSHANGHAI, Nov 3 (Reuters) - The European Union Chamber of Commerce on Friday criticised an upcoming trade fair in China as being more of a "political showcase" than about doing business and pushed for more tangible measures to restore confidence among European companies. "It's more a government affairs event, more a marketing event and there's been really little said on business. You can say CIIE has become more of a political showcase rather than a business event," Carlo D'Andrea, the chamber's vice president, told reporters at a briefing in Shanghai. "European businesses are becoming disillusioned as symbolic gestures take the place of tangible results needed to restore business confidence," he said. The European Union's top diplomat, Josep Borrell, visited last month, as have several other top EU officials in recent months.

Persons: Xi Jinping, Andrew Galbraith, Li Qiang, Anthony Albanese, there's, Carlo D'Andrea, Josep Borrell, Brenda Goh, Sonali Paul Organizations: China, REUTERS, Rights, European Union Chamber of Commerce, Australian, European Union, Micron, Nestle, Burberry, Thomson Locations: Shanghai, China, Europe, EU

☆ Stagflation and a possible world war: Here's how to trade it, according to one hedge fund manager
▼ + stars: | 2023-11-01 | by ( Amala Balakrishner | ) www.cnbc.com time to read: +3 min

Livermore Partners is a long/short special situations hedge fund with a focus on energy, financials and industrials. The hedge fund manager named French fashion house Louis Vuitton and Italian sports car manufacturer Ferrari as the "best and brightest of the market." Although high rates mean banks earn more interest from borrowers, they can also mean higher loan losses as customers struggle with the economic environment. The U.S. Federal Reserve put a pause on hikes in September, after raising rates to a 22-year high. "Banks I think are just still going to be in for a world of hurt on a go-forward basis," the hedge fund manager said.

Persons: David Neuhauser, Neuhauser, CNBC's, Brent, Louis Vuitton, Aston, Banks Organizations: Livermore Partners, Hamas, Ferrari, Aston Martin, Burberry, U.S . Federal Reserve Locations: Israel, British

☆ Look of the Week: LeBron James flies the flag for the man bag
▼ + stars: | 2023-10-27 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

CNN —Four-time NBA champion LeBron James is the latest male celebrity to be spotted out and about wearing a high-fashion bag. James arrived in Denver wearing a green Louis Vuitton Speedy bag. Jacob Elordi was seen this summer in an array of it bags, including this burgundy Valentino Loco bag. Indeed, men wearing bags are consistently the butt of jokes in internet memes, comic strips, and even stand-up comedy sets. Doubtless it’s a dedication appreciated by the likes of James, Elordi, A$AP and Tyler, whose street style looks contribute further proof — were any needed — that man purses are enjoying a newfound socio-cultural appreciation.

Persons: LeBron James, James, Louis Vuitton, Garrett Ellwood, Kim Kardashian, Rihanna, Jacob Elordi, Sofia Coppola’s, “ Priscilla ”, Burberry Sanford, Valentino, James ’, “, ”, Tyler, — Tyler, Alessandro Levati, Joey, Chandler, Ross, Andrew Schulz, Rocky, Jackson Lee, Pharrell, Elordi Organizations: CNN, Ball, LA Lakers, Denver’s Nuggets, Burberry, tote, GQ Magazine, Louis Vuitton Locations: Denver , Colorado, Denver, bro

☆ Insiders question WPP CEO Mark Read's bounceback plan after chaotic period of mergers, account losses, and a stock market slump
▼ + stars: | 2023-10-25 | by ( Lara O'Reilly | ) www.businessinsider.com time to read: +11 min

"OMD and Publicis are winning all the meaningful pitches," said a former WPP agency executive, referring to competitors Omnicom and Publicis Groupe. Further, GroupM is just one of the many parts of WPP's business that Read needs to fix. Insiders describe a whirlwind of change but confusion about the bigger visionA current WPP agency executive said they were frustrated by what they described as a vacuum of information about the bigger strategy for WPP. Getty Images"It feels like something bigger has to happen now," said a current WPP agency executive. The ongoing pitch for Volkswagen's $4 billion global media business underscores the tremendous amount of resources needed to win the proposal, and the huge prize at stake.

Persons: Christian Juhl, San, GroupM, Publicis, Kirk McDonald, McDonald didn't, Ogilvy, it's, Thomas Singlehurst, Juhl, Mark Read's, It's, Read, Martin Sorrell, AKQA, Sard, Wunderman Thompson, J.Walter Thompson, Joanne Wilson, Andrew Scott, Roberto Quarta, Angela Ahrendts, Craig Barritt, —, haven't, Clark, Arthur Sadoun, WPP's Read, Michael Farmer Organizations: WPP, Publicis, L'Oreal, Omnicom Media Group, Pfizer, North, GroupM, Verizon, Discovery, Adobe, Citigroup, Shanghai, reined, AKQA Group, Finsbury Glover, Partners, Young, Rubicam, London Stock Exchange, Brexit, Getty, Burberry, Apple, The New School Industry, VW, Groupe, Epsilon Locations: San Francisco, China, EssenceMediaCom, Kansas, Kansas City, New York, Mayfair , London, New York City

☆ Ferragamo sales down in first nine months dragged by Asia and US
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Arnd Wiegmann/File Photo Acquire Licensing RightsMILAN, Oct 19 (Reuters) - Sales at Italian luxury goods group Salvatore Ferragamo (SFER.MI) fell by 9.2% at constant exchange rates in the first nine months of the year, in line with market expectations, hit by weak demand in Asia and North America. Revenue in the period totalled 844 million euros ($892.53 million), down from 920.7 million euros a year earlier, the leather goods company said on Thursday. Analysts had expected sales of 845 million euros on average, according to a Refinitiv consensus. Asia-Pacific sales declined by 11.7% at constant currencies in the nine months, while in North America they decreased by 18.2%. Europe and Middle East posted an increase in sales of 3%.

Persons: Salvatore Ferragamo's, Arnd, Salvatore Ferragamo, Analysts, Marco Gobbetti, Audrey Hepburn, Gobbetti, Maximilian Davis, Claudia Cristoferi, Federico Maccioni, Kirsten Donovan Organizations: REUTERS, North America . Revenue, Ferragamo, Burberry, Hollywood, Thomson Locations: Zurich, Switzerland, Asia, North America, China, Europe, United States, Pacific, Middle

☆ TikTok lures luxury-bag buyers to its Shop platform as it partners with Entrupy to authenticate purses
▼ + stars: | 2023-10-18 | by ( Madeline Stone | ) www.businessinsider.com time to read: +4 min

TikTok is working with Entrupy, a maker of product-authentication technology, to offer handbag-authentication services on its new e-commerce platform, TikTok Shop , Entrupy announced Wednesday. The partnership reflects a growing effort to build trust in TikTok Shop as the social-media company looks to establish itself as a shopping destination. It expanded to TikTok Shop in response to a growing demand for its services on the platform. TikTok and Entrupy have worked together since TikTok Shop launched in beta earlier this year. Resellers must use a third-party authentication service — either Entrupy or Real Authentication — to resell luxury handbags on TikTok Shop, according to the policies.

Persons: TikTok, Entrupy, Chanel, Prada, Vidyuth Srinivasan, Srinivasan, it's Organizations: Burberry, TikTok, eBay Locations: Entrupy, mstone@insider.com

☆ Fashion brands want you to be able to identify fake designer merchandise
▼ + stars: | 2023-10-13 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +13 min

‘It’s almost seen as a hack’These tactics are all part of the industry’s hope to neutralize the booming counterfeit market, with some estimates asserting that fake fashion and luxury items account for 60% or more of the multi-trillion-dollar trade in fake goods. Sympathy for brands “can be hard for consumers in general, particularly those who are deeply steeped in TikTok culture,” Scafidi said. According to Business of Fashion, the average price for a women’s designer handbag in the US spiked 27% from 2019 to 2022. Last year saw record-breaking profits for the luxury sector, with around 95% of brands seeing growth, according to an estimate by consulting firm Bain & Company. “Right now, vintage is on trend, and we actually see new replicas of vintage items — items that were made in the ’80s or ’90s,” Thompson said.

Persons: Louis Vuitton, Cartier, Birkin, Miu Miu, Chanel, ”, Simon Lock, LVMH, Maison, OTB, ‘ It’s, dupes, Counterfeiters, Sarah Davis, “ it’s, what’s, Susan Scafidi, “, Leah Abucayan, ” Scafidi, Fashionphile, Davis, Hunter Thompson, “ It’s, ” Thompson, ” Davis, Scafidi, Romain Carrere, “ We’re, ” Carrere, it’s Organizations: CNN, luxe, Ordre Group, Burberry, Prada Group, Dior, Prada, YouTube, Social, Fashion Law, Business of Fashion, Bain & Company, Technology, Blockchain Locations: Fashionphile, Europe, —

☆ LVMH shares tumble, hit fashion sector as luxury giant's sales growth slows
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +2 min

A LVMH luxury group logo is seen prior to the announcement of their 2019 results in Paris, France, January 28, 2020. REUTERS/Christian Hartmann/File Photo Acquire Licensing RightsPARIS, Oct 11 (Reuters) - LVMH's (LVMH.PA) shares slumped on Wednesday, to their lowest level since December, knocking other shares in the fashion sector, after the French luxury giant posted slower third-quarter revenue growth. Shares in Gucci-owner Kering fell 3.2% at the market open while Hermes (HRMS.PA) also shed more than 3%. "An end to the roaring 20s," Berenberg analysts wrote in a briefing note as they cut their target price for LVMH. Investors have recently questioned the appetite for shares in the luxury goods sector, in the face of a Chinese slowdown and interest rate uncertainty.

Persons: Christian Hartmann, LVMH, Louis Vuitton, Tiffany, Morgan, JP Morgan, Kering, Berenberg, Mimosa Spencer, Sudip Kar Organizations: REUTERS, Rights, Swatch, Burberry, Dior, Gucci, Investors, U.S, Gupta, Thomson Locations: Paris, France, United States, Europe, China

☆ How Karol G went from a Latin music star to a fashion icon
▼ + stars: | 2023-10-06 | by ( Robb Young | Graciela Martin | ) edition.cnn.com time to read: +24 min

With 66 million followers on the platform, Karol G ranks 70th in terms of follower count but 6th when it comes to engagement rates. But the label’s enthusiasm for its Karol G campaign a half-year after its release is telling, nonetheless. Karol G attends the #BoF500 Gala during Paris Fashion Week at Shangri-La Hotel Paris on September 30, 2023 in Paris, France. By the time Karol G entered the scene in a big way, fashion, luxury and sportswear giants were still warming up to her male counterparts. People aren’t as fixated on that anymore.”Indeed, it is the shift in attitudes toward language that appears to have helped Karol G secure the Loewe deal.

Persons: Karol G, Jonathan Anderson, Karol’s, Shakira, — Karol G, Provenza, “, ”, Nicki Minaj —, Karol, Karol G's, she’s, Lea Colombo, “ Karol G, Charlie Smith, Loewe, couldn’t, Ricky Martin’s, hasn’t, “ I’ve, Anderson, Karol G’s, ” Karol G, Christopher Polk, SocialBook, Kim Kardashian, Julian Martinez, ” Martinez, “ Karol, Miu, Roberto Cavalli, Gina Ferazzi, Loewe’s Smith, Jacquemus, Barbie, Emilio Pucci, —, Vetements, Rick Owens, Pascal Le Segretain, Maykol Sanchez, Spotify’s, Yankee’s, Don Omar’s, Maluma, J, Nicky Jam, . Ivy Queen, Jennifer Lopez, Shakira —, Burberry —, Becky G —, Karol —, Ovy, Bad Bunny, Rich Fury, Karla Martínez, There’s, Leila Cobo, Billboard’s, ” Cobo, aren’t, “ Jonathan, ” Karol, Carolina Giraldo Navarro, Colombia’s, J Balvin, Cobo, She’s, ” she’s, haven’t, ’ ” Karol G, Alexander Tamargo, Nina García, Elle, García, ” García, I’ve, I’m, it’s, Brett Alan Nelson, I’d Organizations: The, Fashion, CNN, —, Billboard, MTV, New York City’s Rockefeller Center, Variety, Los Angeles Times, Getty, Brands, Los, Paris, Spotify, Reebok, Umbro, Dolce, Gabbana, Nike, Guess, Adidas, Trailblazers, Burberry, Levi’s, Kappa, Puerto Rican, Pew Research Center, Limits, Vogue Mexico, reggaeton’s, Loewe, Carolina, Puerto Locations: Spanish, ”, Latin America, New York, Newark , New Jersey, California, Versailles, bejeweled, Paris, France, Spain, Italy, Germany, Canada, America, Balmain, Barcelona, Rosalía, American, Panama, Jamaica, Puerto Rico, Dominican, Caribbean, Medellín, Colombia, Puerto, Miami, Mexico City, Buenos Aires, Santiago, Chile, Austin, Austin , Texas, Mexico, North America, Europe, Dubai, Singapore, Nairobi, Puerto Rican, Sera, Miami , Florida, Colombiamoda

☆ Coty prices global shares at $10.80 ahead of Paris listing
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: +1 min

Covergirl makeup, owned by Coty Inc., is seen for sale in Manhattan, New York City, U.S., February 7, 2022. REUTERS/Andrew Kelly Acquire Licensing RightsSept 28 (Reuters) - Coty (COTY.N) said it would price its global offering of 33 million shares at $10.80 per share, and the stock is expected to start trading on the Paris Stock Exchange at 9.30 a.m. Eastern Time on Thursday. The CoverGirl cosmetics maker, which said in May that it would explore a dual listing in Paris, launched its global offering on Sept. 25. The company's U.S.-listed shares have fallen about 7% since the launch, but were up marginally in premarket trade on Thursday. Reporting by Juveria Tabassum; Editing by Varun H KOur Standards: The Thomson Reuters Trust Principles.

Persons: Andrew Kelly, Coty, Hugo Boss, Burberry, Juveria Tabassum, Varun Organizations: Coty Inc, REUTERS, Coty, Paris Stock Exchange, Thomson Locations: Manhattan , New York City, U.S, Paris, Europe, Middle East, Africa

☆ See the Best Looks of Milan Fashion Week: Spring/Summer 2024
▼ + stars: | 2023-09-22 | by ( Kevin Huynh | Alexander Fisher | ) www.wsj.com time to read: 1 min

See the Best Looks of Milan Fashion Week: Spring/Summer 2024From Prada in Milan, Burberry in London and Ralph Lauren in New York—the most memorable looks from all of this season’s collections

Persons: Ralph Lauren Organizations: Prada, Burberry Locations: Milan, London, New York

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