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Well into his career as a pop megaproducer, Mr. Williams paired with Japanese fashion icon Nigo in the early 2000s to found the pioneering streetwear label Billionaire Boys Club. The pair also started a skateboarding-inspired shoe brand, Ice Cream. Jun Sato/WireImage for Nowhere Co.
PARIS—Men’s fashion week, which concluded Sunday, simmered with the speculative atmosphere of an NBA locker room just before the league’s trade deadline. In front rows and corner brasseries, buyers and critics eagerly discussed who will fill two of the industry’s most significant open design positions: that of Louis Vuitton ‘s men’s creative director, previously held by Virgil Abloh, who died at 41 in November 2021, and Gucci’s creative directorship, from which eccentric Italian designer Alessandro Michele stepped down in November 2022. Beyond those vacancies, it’s an open question which current designers will renew their contracts at the major luxury houses. It’s looking to be, to borrow a sports term, a silly season ahead.
But the industry is finding ways to harness it and other digital tools to reduce waste and push fashion into the future. Cutting wasteThe textile and fashion industry creates roughly 92 million tons of waste annually, and digital fashion could have a role in reducing that figure. “It becomes automatically an on-demand model, which really can reduce the fashion waste,” she says. Trying on virtual clothes could also reduce the amount of clothes that are returned in the physical world, says Albrighi. He adds that staging fashion shows in virtual spaces reduces the need for the fashion world to travel.
Thom Browne’s $3,000 dachshund-shaped bag is one part of fashion’s strange year. In fashion, it was a year of bags shaped like paint cans, pigeons and potato-chip wrappers. It was a year of R-rated skirts that barely covered your gluteus maximus; of shirts splayed, boorishly, from cuff to collar with fast-food logos. A year of shoes made from repurposed sex toys and sagging totes made from jeans.
Christmas vacations: 15 of the best places to go
  + stars: | 2022-12-03 | by ( Cnn Staff | ) edition.cnn.com   time to read: +13 min
The Bath Christmas Market has a multitude of wooden chalets selling distinctively British handmade crafts in a quaint Georgian setting. Bogotá, ColombiaA woman dressed as Santa Claus sits next to a Christmas tree and a Christmas star at Bolivar Square in Bogota. Salzburg and Oberndorf, AustriaThe Christmas Market and associated festivities in Salzburg are really something to sing about. Dating back to 1570, Strasbourg claims to be the oldest Christmas market in France and one of the oldest in Europe. damianalmua/Adobe StockThe traditional Christmas colors of red, green and white take on an entirely new meaning in New Zealand.
Persons: CNN —, Santa Claus, Claus, , Allan Baxter, Jesus, Jane Austen, Jane Austen Centre –, Austen, Melchior, Gaspar, Balthazar, Roy Rochlin, Bergdorf Goodman, Wangari Maathai, Fernando Vergara, “ Ruta, John’s, Miguel de Allende, Mary, Joseph, “ posada ”, Mozart, White Organizations: CNN, Bath Abbey, Jane Austen Centre, The, Royal, Catholic, Rockefeller, Getty Images Rockefeller, New York, Radio City, Columbus Circle, Fashion’s, Saks Fifth, Macy’s Herald Square, Kenyan, Park, Nuremberg, Toy Museum, Bolivar, Downtown, Malta Toy Museum, Quebec City, Adobe, Nord Expe, Mexico Piñatas, UNESCO, , Santa Locations: England, Philippines, Rovaniemi, Lapland, Finland, Santa, Bethlehem , Pennsylvania, Philadelphia, New York City, Bethlehem, Moravian, Bath, , Fernando , Philippines, Asia, San Fernando, Catholic Philippines, Manila, of Bethlehem, Barcelona, Spain, Santa Eulalia, New York City New York, Central Park, Macy’s, Nairobi, Kenya, Nuremberg, Germany, German, Bogotá, Colombia, Bogota, Christmastime, Malta, Downtown Valletta, Quebec City, Canada, Petit Champlain, Quebec, Old Quebec, Sentier, Nord, Miguel, Mexico, posadas, ponche, Piñatas, Salzburg, Oberndorf, Austria, ” Salzburg, Bavaria, Strasbourg, France, Europe, Queenstown , New Zealand, New Zealand, Queenstown, Wakatipu
Singapore Airlines extends its India runway
  + stars: | 2022-11-30 | by ( ) www.reuters.com   time to read: +2 min
On Tuesday Singapore Airlines (SIAL.SI) and Indian conglomerate Tata agreed to merge their nine-year-old jointly owned carrier Vistara with Air India, whose enterprise was valued at $2.4 billion when Tata bought it just over a year ago. Air India, meanwhile, will get a deep-pocketed partner willing to inject as much as $615 million more in capital over the next couple of years, if needed. Singapore Airlines’ ability to finance the deal with cash speaks volumes about its strong financial position. In any event, its ability to upgrade its seat in India will serve Singapore Airlines well. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Ireland picks cheeky moment to lift bank bonus cap
  + stars: | 2022-11-30 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Nov 30 (Reuters Breakingviews) - Ireland’s plan to lift a cap on bankers’ bonuses looks ill-timed. On Tuesday, Finance Minister Paschal Donohoe said Dublin will lift a 500,000 euro crisis-era cap on annual executive salaries and allow bonuses of up to 20,000 euros for bank workers. However, Irish bank bosses have long argued salary constraints made it difficult to retain top talent. The remaining big bank duopoly of AIB (AIBG.I) and Bank of Ireland (BIRG.I) means a customer backlash is unlikely as there is little alternative. Still, championing higher pay for bankers is a gutsy move in the middle of a cost-of-living crisis.
Nestlé U-turn is refreshing example of M&A candour
  + stars: | 2022-11-29 | by ( ) www.reuters.com   time to read: +2 min
It’s less common for them to admit as much and reverse tack after just two years. Nestlé originally touted potential annual sales of $1 billion for the drug, which had received U.S. Food and Drug Administration approval. Nestlé Chief Executive Mark Schneider can arguably afford to be honest, rather than trying to bury the M&A flop within his $330 billion behemoth. That’s because his overall acquisition strategy seems to be working. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
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Rate shock calls time on funky debt boom
  + stars: | 2022-11-29 | by ( ) www.reuters.com   time to read: +2 min
The Luxembourg-based group’s move portends a shakeout in the once vibrant market for funky debt that has equity-like characteristics. Hybrid debt boomed during the low-rate era, with issuance topping 35 billion euros last year, according to ING. Yet calling bonds now means issuing new securities at a high cost, especially for weaker companies. Some, like Telefonica (TEF.MC), are still issuing, even at a higher cost. If investors demand higher returns to compensate for the risk of extension, the result will be a smaller, more discerning market.
Brenntag’s U.S. swoop is both logical and risky
  + stars: | 2022-11-28 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Nov 28 (Reuters Breakingviews) - German chemical distributor Brenntag (BNRGn.DE) is eyeing $5 billion U.S. rival Univar Solutions (UNVR.N). A deal would offer the $10 billion group scale in a fragmented market, and greater exposure to North America. A deal would offer synergies and scale, and give Brenntag more exposure to North America. That market may be more resilient to Europe’s energy crunch, and it made up nearly 70% of Univar sales in 2021. And given the healthier U.S. market, there’s a risk Brenntag gets stuck in a bidding war – or ends up overpaying.
Dr. Martens exposes fashion’s squeezed middle
  + stars: | 2022-11-24 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Nov 24 (Reuters Breakingviews) - Dr. Martens (DOCS.L) revealed a weak spot in Britain’s already ailing retail sector. It also warned that it will have to spend more to hit its existing revenue target of “high teens” percent growth for the full year. That means its EBITDA margin will be 1 percentage point to 2.5 percentage points lower than last year’s 29%. Dr. Martens straddles the high street and luxury retail sectors. Chief Executive Kenny Wilson revealed growth in its direct-to-consumer offering was also slower than expected in the first half.
CNN —Remember when Kate Moss wore wellies (that’s rain boots for those outside the UK) to Glastonbury? As the historic festival once again returns to Worthy Farm, we look back at one of its most memorable fashion moments. Pete Doherty and Kate Moss are seen at the Glastonbury Music Festival 2005. But an even more profound transformation was also taking place – that of the then-struggling Hunter Boot Limited. It has since become a bona fide festival fixture, producing rainwear, outerwear and boots in all manner of colors and styles.
Persons: Kate Moss, Moss, Britain’s, fashion’s, she’d, , Pete Doherty, MJ Kim, , wellies, Hunter, Rita Ora, Rihanna, Cara Delevingne, Alexa Chung, Kate Organizations: CNN, Media, Glastonbury Music, rockstar, Hunter Boot Limited Locations: Glastonbury, Somerset, Chelsea
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