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☆ Roald Dahl shouldn't be touched, director Wes Anderson tells Venice
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +2 min

[1/5] The 80th Venice Film Festival - Cartier Glory to the Filmmaker 2023 Award - Venice, Italy, September 1, 2023 - Director Wes Anderson receives the Cartier Glory to the Filmmaker 2023 Award. I would say, no," he told reporters at the Venice Film Festival. He's dead," said Anderson, who has had a busy year having just presented his last film "Asteroid City" at the Cannes Film Festival. "Henry Sugar" is the second Dahl book that Anderson has brought to the screen, following his hugely successful 2009 stop-motion animated movie "Fantastic Mr. Fox". It will show on the streamer Netflix, which bought the rights in 2021 to adapt Roald Dahl stories.

Persons: Wes Anderson, Yara, Roald Dahl, Henry Sugar, Puffin, Anderson, I'm, Renoir, Dahl, Fox, Benedict Cumberbatch, Dev Patel, Ben Kingsley, Ralph Fiennes, Rupert Friend, Hanna Rantala, Crispian Balmer, Alison Williams Organizations: Cartier, REUTERS, Venice Film, Cannes Film, Netflix, Thomson Locations: Venice, Italy, U.S, British

☆ Rolex’s deal is ticking time bomb for retailers
▼ + stars: | 2023-08-25 | by ( Karen Kwok | ) www.reuters.com time to read: +4 min

In the short term, these concerns look overstated, but Rolex’s move may still have called time on WoS’s business model. In that context, Friday’s slump in WoS shares looks excessive. That’s a modest sum relative to the enterprise value of 4 billion Swiss francs that Vontobel analysts believe Bucherer is worth. The news sparked a sharp sell-off in the UK-listed shares of Watches of Switzerland, a major retailer of Rolex watches. Watches of Switzerland shares were down more than 20% at 0933 GMT on Aug. 25.

Persons: –, WoS, Bucherer, Cartier, ”, Francesco Guerrera, Oliver Taslic Organizations: Reuters, Rolex, Reuters Graphics Reuters, RBC, Piguet, Switzerland, Thomson Locations: Switzerland, London, Swiss

☆ Bruce Davidson Digs Deep and Finds Gems He Had Overlooked
▼ + stars: | 2023-08-24 | by ( Arthur Lubow | ) www.nytimes.com time to read: +1 min

Breathtakingly fast and painstakingly slow: Before the introduction of the digital camera, a photographer worked in those parallel time frames. The click of the shutter was instantaneous, but then the film had to be developed, the contact sheets or color slides reviewed, and the selections made for printing. Pressed for time, a working photographer typically made these decisions hurriedly. Bruce Davidson, who turns 90 next month, has been reviewing his archive for the last eight years. What makes him remarkable is the empathy that won over his subjects and the devoted persistence of his investigations.

Persons: Bruce Davidson, Howard Greenberg, Davidson, Eugène Atget, Henri Cartier, Bresson, Robert Frank, Diane Arbus Organizations: Howard, Howard Greenberg Gallery Locations: New York

CNN —Nigeria’s former oil minister Diezani Alison-Madueke has been charged with bribery offenses following an investigation by the UK’s National Crime Agency, which alleges she accepted bribes in exchange for multimillion-pound oil and gas contracts while in government. The agency said that Alison-Madueke, who currently resides in London, will appear at Westminster Magistrates Court on October 2. “Bribery is a pervasive form of corruption, which enables serious criminality and can have devastating consequences for developing countries. Alison-Madueke also served as the first female president of the Organization of the Petroleum Exporting Countries (OPEC). Nigeria, Africa’s most populous country and biggest oil producer, is one of 13 countries in OPEC.

Persons: CNN —, Diezani Alison, Madueke, “, Cartier, ” Alison, Goodluck Jonathan, Alison, ”, Andy Kelly Organizations: CNN, Crime Agency, National Crime Agency, Louis Vuitton, Organization of, Petroleum Locations: London, Westminster, Nigeria, Africa’s

Nigeria's Petroleum Minister Diezani Alison-Madueke (C) attends the flag-off for Nigeria's President Goodluck Jonathan's campaign for a second term in office, in Lagos January 8, 2015. REUTERS/Akintunde Akinleye/File Photo Acquire Licensing RightsSummary Ex-minister was arrested in London in 2015Police allege lavish lifestyle came from corruptionAssets frozen in UK, seized in U.S., NigeriaLONDON, Aug 22 (Reuters) - British police said on Tuesday they had charged former Nigerian oil minister Diezani Alison-Madueke with bribery offences, saying they suspected she had accepted bribes in return for awarding multi-million pound oil and gas contracts. Alison-Madueke, 63, served as petroleum minister from 2010 to 2015, under former President Goodluck Jonathan. A London lawyer who was acting for her in 2015 did not immediately respond to a request for comment. News of the British charges comes a month after a London court ordered the confiscation of $130 million from a former Nigerian oil state governor, James Ibori, in an unrelated but equally high-profile case involving political corruption in Nigeria.

Persons: Diezani Alison, Goodluck Jonathan's, Akintunde, Alison, Madueke, Goodluck Jonathan, Andy Kelly, St John’s Wood, Cartier, Louis Vuitton, James Ibori, Michael Holden, Estelle Shirbon, Giles Elgood Organizations: Nigeria's Petroleum, Nigeria's, REUTERS, Police, Nigeria LONDON, British, Organization of, Petroleum, NCA, Westminster Magistrates, Louis, U.S . Department of Justice, Thomson Locations: Lagos, London, U.S, Nigeria, Africa's, Britain, United States, St John’s, Westminster

☆ A View of the Met From Behind the Information Desk
▼ + stars: | 2023-08-15 | by ( Maggie Lange | ) www.nytimes.com time to read: +1 min

The balcony hovers right over the information desk where Ms. Schiff, a noted poet and English professor, worked from 1995 to 2000, greeting and directing museum visitors. “My boss would stand up there and look down to make sure we were smiling,” Ms. Schiff said. On Tuesday, Ms. Schiff published her fourth book of poetry, “Information Desk: An Epic,” about her five years at the museum, off and on. Her last book, “A Woman of Property,” includes the poem “Lion Felling a Bull,” about a marble fragment from the Met. But her interviewer gave her a binder of other open positions, and soon she started at the information desk.

Persons: Robyn Schiff, Schiff, “, Ms, Schiff’s, Cartier, ”, Sarah Lawrence, temping, didn’t Organizations: Metropolitan Museum of Art, Tiffany Studios Locations: “ Worth, ”, New Jersey, New York City

☆ The Future of Rap Is Female
▼ + stars: | 2023-08-09 | by ( Niela Orr | Photographs Adrienne Raquel | ) www.nytimes.com time to read: +22 min

The Future of Rap Is Female As their male counterparts turn depressive and paranoid, it’s the women who are having all the fun. In the mid-’80s, the dynamics shifted slightly, when UTFO released “Roxanne, Roxanne,” a comical torch song dissing a woman who rejected the men’s advances. Like good sex, raunchy rap is only fun if all parties are completely enthusiastic, and this music provides necessary female perspectives to match what the men make. In Miami one weekend in late July, Rolling Loud, one of the biggest annual hip-hop festivals, made itself into a microcosm of the rap world. There’s a relentless gender pessimism in the air, too — on the street, on dating apps, in the Supreme Court and, of course, in rap music.

Persons: Sackler, Drake, Foley, Yung Miami, Wu, Da, Tupac Shakur, Nicki Minaj, Cardi, Megan Thee, there’s, ”, There’s Latto, Jung Kook, “, Diana ”, Boy’s, Red’s, Munch, Rodney Dangerfield, munch, ” MAIYA, “ We’re, Lil Baby, Flo Milli, —, ” Flo Milli, Ginger Rogers, Fred Astaire —, Debbie D, Lisa Lee, Mercedes Ladies, UTFO, Roxanne, Lolita Shanté Gooden, Gooden, ” FLO MILLI, Roxanne Shanté, Clover Hope, M.C, Brian Coleman, Lyte, Ruff Ryders, it’s, Missy Elliott, Lauryn Hill, Kash Doll, SKODI LOLA BROOKE, Lil ’ Kim, “ I’m, I’m, ” That’s, Lolita Gooden, Greta Gerwig’s “ Barbie ”, James Harden, P.J, Tucker, KENTHEMAN “, I’ve, Playboi Carti, Travis Scott, Grace Jones, Benzino, blowin, ignorin ’, Berry hairdo, Grandmaster Flash, It’s, ” —, ” Leray, VETTE, CHANEL, ” Flo, Cartier, “ Lyte, Flo Organizations: YouTube, Girls, City Girls, Public, Down Productions, Wu -, Digital, City, Memphis, Brooklyn Locations: Miami, Wu - Tang, “, Bronx, Mobile , Ala, y’all

☆ These are the watch brands most popular with Silicon Valley's tech elite
▼ + stars: | 2023-07-29 | by ( Lakshmi Varanasi | Jordan Hart | ) www.businessinsider.com time to read: +2 min

Insider asked style experts about the most popular watch brands worn by technology titans. Since the pandemic, those in the know say people in the tech industry are fixating more on watches than ever before. Victoria Hitchcock, a fashion lifestylist and personal brander in Silicon Valley, told Insider by email. Unlike professionals in finance who have long seen the value of "a statement," those in tech industry have been characterized — and even mocked — for their fixation on utility and simplicity. With that in mind, here's a closer look at the watches trending in Silicon Valley right now:

Persons: Cartier, Victoria Hitchcock, —, Paul Altieri, Patek Philippe, Jeff Bezos, Bill Gates, here's Organizations: titans, Casio, Omega, Morning, Technology, Rolex Locations: Silicon Valley

☆ Hermes defies luxury slowdown with strong sales
▼ + stars: | 2023-07-28 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

Hermes' results come as luxury stocks have come under pressure due to uncertainty over the pace of China's post-pandemic recovery, while a months-long spending frenzy in the U.S. market cools amid rising inflation. "We've seen no interruption in (growth) trends," Hermes Executive Chairman Axel Dumas told journalists. "Strong print across the board," said Exane BNP Paribas, citing fast sales growth and consensus-beating margins. Analysts said the results showed the strength of Hermes' business model, which entails careful management of production and stocks. Hermes shares traded up 3.3% in early morning trading, while rival Kering was up 1% and LVMH was down 0.5%.

Persons: Veronique Nichanian, Gonzalo Fuentes, Birkin, Hermes, Richemont, We've, Axel Dumas, Dumas, Bernstein, Kering, LVMH, Mimosa Spencer, Silvia Aloisi, Sharon Singleton Organizations: REUTERS, BNP, Thomson Locations: Paris, France, U.S, China

☆ Sharp Chinese rebound pushes LVMH sales up 17% in second quarter
▼ + stars: | 2023-07-25 | by ( Mimosa Spencer | ) www.reuters.com time to read: +2 min

PARIS, July 25 (Reuters) - Sales at the world's top luxury group LVMH (LVMH.PA) rose by 17% in the second quarter, with a sharp rebound in China helping to offset a decline in the United States, where inflation and economic turbulence have dented demand for high-end goods. The 17% increase at constant exchange rates was a touch better than analyst expectations for 16% growth, according to a Visible Alpha consensus. Finance chief Jean-Jacques Guiony told reporters he was "very satisfied" with the rebound in China, which makes up the bulk of Asian sales. The region - excluding Japan - posted 34% growth compared to last year, when strict COVID-19 restrictions hit sales and emptied stores in China. In the United States, we see it's not as good as it was," he added.

Persons: Louis Vuitton, Hennessy, Tiffany, Jean, Jacques Guiony, Cartier, Richemont, Guiony, Mimosa Spencer, Silvia Aloisi Organizations: Dior, Finance, Vuitton, Thomson Locations: China, United States, Japan

☆ LVMH earnings suggest luxury spending is suddenly slowing in the U.S.
▼ + stars: | 2023-07-25 | by ( Robert Frank | ) www.cnbc.com time to read: +2 min

During the LVMH earnings call Tuesday, CFO Jean-Jacques Guiony said sales dropped in the U.S. as aspirational consumers no longer spent on entry-level products. LVMH's U.S. sales slid 1% in the second quarter from the prior-year period. LVMH's sales in Europe increased 18% in the second quarter, and Guiony said tourists accounted for nearly half of that growth. Overall, LVMH reported sales rose 17% in the quarter, helped by a 34% increase in Asia excluding Japan. Guiony said that despite signs the broader Chinese economy is slowing, luxury spending there is "strong" after lockdowns were lifted late last year.

Persons: Jean, Jacques Guiony, Richemont, Guiony, LVMH, Tiffany Organizations: Cartier, U.S ., U.S Locations: U.S, Europe, Paris, Rome, London, U.S . China, Asia, Japan, China

Kering, the French luxury goods company that owns brands like Balenciaga, Alexander McQueen and Yves Saint Laurent, surprised the fashion industry this week when it announced a sweeping reorganization of its top ranks, including the departure of Marco Bizzarri, the longtime chief executive of Gucci, Kering’s premier brand. Activists have turned on the luxury industry in recent years. Dan Loeb’s Third Point as well as Artisan Partners called for change at Richemont, the owner of jewelry brands like Cartier and Van Cleef & Arpels. But the most active recently is Bluebell, a four-year-old, $250 million firm that has also taken aim at Richemont, and the fashion brand Hugo Boss. Bluebell failed to persuade fellow Richemont shareholders to add Francesco Trapani, the former chief executive of Bulgari, as a director, but the conglomerate agreed to give public investors more influence.

Persons: Alexander McQueen, Yves Saint Laurent, Marco Bizzarri, Gucci, François, Henri Pinault, Kering, Dan Loeb’s, Van Cleef, Hugo Boss, Bluebell, Francesco Trapani Organizations: Kering’s, Bluebell Capital Partners, Partners, Cartier, BlackRock, GlaxoSmithKline Locations: London

☆ China's sagging economy looms over quarterly results around the world
▼ + stars: | 2023-07-20 | by ( Noel Randewich | ) www.reuters.com time to read: +4 min

July 20 (Reuters) - China's frail growth could weigh on companies with exposure to the world's second-largest economy, including Apple (AAPL.O), big chipmakers and luxury retailers as they report quarterly results in the next few weeks. China accounted for 36% of NXP's revenue last year and half of Texas Instruments' revenue. Analysts estimate NXP reporting a 3.2% drop in quarterly revenue, with Texas Instruments' revenue tumbling 16%, which would be its steepest drop since 2009, according to Refinitiv. The specialty glass maker blamed "anticipated recession-level demand" for weak results in its previous quarterly report last April. Coffee maker Starbucks (SBUX.O) in May reported quarterly results that beat estimates, powered by recovering demand in China.

Persons: Ross Mayfield, Baird, Cartier, Richemont, Bernstein, Tesla, Jonathan Golub, hobble, David Klink, Noel Randewich, Chavi Mehta, Caroline Valetkovitch, Mimosa Spencer, David Gaffen, Nick Zieminski Organizations: Apple, U.S, Shanghai, ABB, HK, NXP Semiconductors, Texas, Texas Instruments, . Credit Suisse Chief, Equity, Corning Inc, Samsung Electronics, Huntington Private Bank, Reuters, Thomson Locations: China, U.S, Swiss, Asia, ., China . U.S, Washington, Beijing, Oakland , California, Bangalore, New York, Paris

"The luxury industry seems to be outperforming the consumer market as a whole in China, but you know, really, almost everyone you speak to, there's a level of uncertainty," said Agility's managing director Amrita Banta. "There's a level of not feeling entirely comfortable with their future economic position that is really affecting almost everybody in China." Those factors disproportionately affect "aspirational" luxury customers who can easily live without another Gucci bag or $900 pair of sneakers. In China, luxury consumers are younger than in the rest of the world with an average age of 28, according to BCG - something companies had seen as positive for future growth. "In the trends that I'm seeing in the U.S. and also in China, more aspirational younger consumers are feeling more of a pain," Morningstar senior equity analyst Jelena Sokolova said.

Persons: Richemont, splurge, Morgan Stanley, Hermes, Chanel, Amrita Banta, Dior, Balenciaga, Gucci, Jelena Sokolova, HSBC's Erwan, Rambourg, Casey Hall, Mimosa Spencer, Catherine Evans Organizations: Cartier, Citigroup, Richemont, Citi, LVMH, Bain, Morningstar, Thomson Locations: SHANGHAI, PARIS, China, North America, Wuhan, Zhengzhou, Charlotte, Nashville, Swiss, Americas, Asia, United States, luxury's, U.S, Japan

☆ Morning Bid: China worries keep investors jittery
▼ + stars: | 2023-07-18 | by ( ) www.reuters.com time to read: +2 min

The anaemic Chinese recovery has cast a shadow over global markets, particularly in Europe, where consumer, technology, industrials and materials sectors all have significant exposure to China. That means investors are likely to have a mixed appetite for European stocks. On Tuesday, China announced a series of measures aimed at boosting consumption of household consumer goods and services. The party in the pound though is unlikely to last, hedge funds and investors say, citing untamed inflation and weak growth. In the currency market, the euro touched a 17-month high, while sterling was hovering close to a fresh 15 month peak.

Persons: Richemont, Morgan Stanley, Charles Schwab, Ankur Banerjee, Sam Holmes Organizations: Ankur, Cartier, Traders, European Central Bank, Bank of, Danone, Reuters, Reuters Graphics Reuters, Bank of America, Hasbro, Thomson Locations: Europe, China, Asia, Pacific, Japan, Bank of England, United, Beijing, U.S, Singapore

☆ Luxury tests limits of its immunity to downturns
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +2 min

LONDON, July 17 (Reuters Breakingviews) - Compagnie Financiere Richemont (CFR.S) is testing the limits of luxury’s immunity to downturns. Shares of other big luxury players, including $236 billion Hermes International (HRMS.PA) and $502 billion LVMH (LVMH.PA), also fell 4.2% and 3.7% respectively. The top 5% of wealthiest shoppers who are probably less sensitive to inflation drove around 40% of global luxury sales last year, according to Boston Consulting Group. Shares in the European luxury sector are on average up 69% since the start of the pandemic in 2020. Meanwhile, revenue in Asia, which makes up 40% of Richemont's revenue, grew 40% year-on-year in the last quarter.

Persons: Cartier, U.S . downer, Karen Kwok, George Hay, Sharon Lam Organizations: Reuters, Financiere, Hermes, Boston Consulting, Citi, U.S ., Twitter, Cathay, Thomson Locations: Asia

☆ How 'Birkin Bandit' George Mickum Infiltrated NYC Society
▼ + stars: | 2023-07-12 | by ( Kate Taylor | Anna Silman | ) www.businessinsider.com time to read: +52 min

"He would know people's weaknesses and what they wanted and somehow always have something to offer," a former close friend said. Another close friend said Mickum once gave her a $1,000 loan "within minutes" when she needed it because of a credit-card crisis. He never "let the truth get in the way of a good story," a former close friend said. Hermès bags, like the Birkin and the Kelly, have always been symbols of unattainable luxury. There wasn't even a dust bag; Mickum claimed his mom's assistant would drop it off later.

Persons: George Mickum strode, Carlyle, Patty Hearst, He'd, Mickum, Birkin, swilling, Patty's, Gillian Hearst, Mr, George Mickum, Gillian Hearst's, George, Sally Painter, who'd, Peter Davis, Jackie O, Barbara Walters, Alessia Fendi, influencer Hannah Stella, Nick Hissom, Steve Wynn, Hearst, they'd, Prince Charles, Anna Delvey, Patty Hearst's, Rumor, he'd, wasn't, Met Breuer, Peter Poopat, George Santos, Trinity, Elisabeth Thieriot, Thieriot, Hermes, —, Painter, Paul Mickum, George Mickum III, Sally, Painter's, Poopat, PJ Pascual, Patrick McMullan, Ramona Singer, Lauren Lawrence, Lawrence, Van Cleef, Nicole Salmasi, Trudy, Mike Vitelli, Eric Schmidt, Schmidt, Eric, R, Couri Hay, They're, Astor, William Randolph Hearst, Orson Welles, Kane, Gillian's, Bill Clinton, Patty, Bernard Shaw, Gillian, Lydia —, Shaw, Maxim, Lydia, Kane we're, Christian Simonds, Pierre, Krista Corl, Dee Dee, Scott Buccheit, Naeem Delbridge, Pascual, who's, We're, buttering, Simonds, Matthew Kehoe, England, — Hearst, Delbridge, Hearst's, Mario Glen Coco, Hearsts, Astrid Stawiarz, Tiger Woods, Ernie Els, Justin Timberlake, Joe Lewis, Buccheit, Mary McCarthy, Lillian Hellman, Mickum's, Christie Grimm, Steve, Kameron Ramirez, Hissom, Ramirez, Nick, Hunt, Damien Hirst, Douglas Elliman, Harry Winston, David Fiszel, invitees, Fiszel, Darian, Winston, Martha Stewart's, Mendel minks, Vacheron Constantin, Tao, Melinda French Gates, Shawn Mendes, Bill, Hillary Clinton, Neiman Marcus, Damien Hirst's, Damien, weren't, Kelly, Alexis Clarbour, Clarbour, Paul Wharton, you've, Wharton, Sean Zanni, Michael Coste, Hannah Stella, Coste's, Stella, Scott Fitzgerald, Coste, Goodman, Courroies Birkin, didn't, Aman, Cartier, Mickum's bluster, skeptically, satchel, Clarbour's, He's, We've, Sider, Philippe, Buccheit texted Pascual, he's, Hay, Café Carlyle, Alexander Hankin, Burisma, Hunter Biden, Mickum hasn't, There's, They've, Amy X, Wang, King Charles, Tracey Amon, Amon, GEORGE MICKUM Organizations: Hearst, Blue, Potomac, Hamptons, East, Met, University of Delaware, Southampton Bathing Corporation, Fields School, Georgetown Law, DC, Town &, New York Daily News, The New York Times, Google, Carnegie, Rockefeller, Cosmopolitan, Symbionese Liberation Army, Hearst Corporation, Vogue, Society of Memorial Sloan Kettering, Stockbridge Golf, New, Tiger, Tottenham, Douglas, Martha Stewart's Hamptons, Mickum, Projects, Madison, Getty, Antibes, Nike, Rue du Faubourg Saint, Couture, US, UN, New Yorkers, Avenue Couture, Hermès, Republican, Justice Department, Blue Star, Town, New York Times Magazine Locations: Bemelmans, Clinton, York, Palm, New, London, Manhattan, Dalton, Bay, Windsor Castle, Haute, Washington , DC, New York, Baccarat, The, San Francisco, Wilton , Connecticut, Side, Wyntoon, California, Buccheit, woodsy Stockbridge , Massachusetts, Stockbridge, Bahamas, Albany, Nobu, Martha, Peking, Paris, Istanbul, St, Georgetown, China, Italy, Hermès, Amalfi Coast, du, Midtown, brunch, Rue, Central Park, Mickum, Turkey, La, Café, Ukrainian, Ukraine

☆ An Art-Filled Swiss Idyll in Lausanne and the Joux Valley
▼ + stars: | 2023-07-10 | by ( Christopher Solomon | ) www.nytimes.com time to read: +2 min

Many are by Swiss artists, including the Giacomettis, father and son. When I visited, one floor featured a large, temporary exhibition of more than 100 paintings by the Swiss painter Gustav Buchet, an important figure in the avant-garde movements in early-20th-century Switzerland. The building was designed by the Portuguese architects Francisco and Manuel Aires Mateus and opened in June 2022, along with the plaza. Many photos reminded how trains can represent escape and adventure, but also a Hail Mary for the desperate. Black-and-white shots of war refugees piling onto trains, taken 70 years ago, felt like they could have been taken last month.

Persons: Gustav Buchet, François Bocion, Bocion, Degas, Renoir, Cézanne, Rodin, Magdalena Abakanowicz, Francisco, Manuel Aires Mateus, Henri Cartier, Nan Goldin, Mary Organizations: Bresson Locations: Swiss, Switzerland, Lake Geneva, Portuguese

☆ In Paris, a Dinner at a Former Taxidermy Workshop
▼ + stars: | 2023-07-06 | by ( Julia Sherman | ) www.nytimes.com time to read: +3 min

Though far smaller in scale, the debut of We Are Ona’s Paris studio, on a crisp evening in spring, felt just as significant. As the sun set, friends began to trickle in, accepting glasses of celebratory champagne. Kenny Duncan, 35, a sculptor, found common ground with the chef Zélikha Dinga, 34, whose old-world desserts are presented with an artist’s eye. Behind her was an oil painting of a young woman in tears, a self-portrait by her dinner partner, the artist Inès Longevial, 32. “Four hundred people sat on 400 one-of-a-kind chairs,” Pronzato said.

Persons: Pronzato, Ona, Rihanna, Sayaka Sawaguchi, Gil Nogueira, Garde, Louis, Géraud Castor, Castor, Sébastien Meyer, Arnaud Vaillant, Mory Sacko, Louis Vuitton, Tropez, Kenny Duncan, Zélikha Dinga, Celine Pham, Inès Longevial, ”, he’s, Gaetano Pesce, ” Pronzato, “, — Organizations: Perron, Cartier, Louis, Reform Locations: Los Angeles, Champagne, Coperni, St ., Inari, Arles, Italian

☆ Chloé Bids Goodbye to Gabriela Hearst
▼ + stars: | 2023-07-06 | by ( Elizabeth Paton | More About Elizabeth Paton | ) www.nytimes.com time to read: +2 min

The NewsAfter months of speculation, Chloé said its creative director, Gabriela Hearst, was leaving the French fashion house after a three-year tenure. Why It Matters: Chloé was vying to become a beacon of sustainable fashionMs. Hearst, a Uruguay-born designer of women’s ready-to-wear and accessories, founded her namesake luxury label in New York in 2015 before joining Chloé in December 2020. To many observers the combination of Ms. Hearst and Chloé appeared to be a savvy match. But rumors throughout 2023 indicated that Ms. Hearst and Chloé might part ways, in part because of pressures placed on the designer by her trans-Atlantic schedule. Throughout her tenure, Ms. Hearst continued to run her New York-based business while leading the Chloé design studio in Paris.

Persons: Chloé, Gabriela Hearst, Hearst, Van Cleef, Riccardo Bellini, Hearst’s, Jeremy Scott, Tom Ford, Rhuigi, Ludovic de Saint Sernin, Ann Demeulemeester Organizations: Paris, Chloé, Cartier, B, Bally Locations: Uruguay, New York, Chloé, Paris, Moschino

☆ Think A.I. is Coming for the Watch World? It’s Already There.
▼ + stars: | 2023-06-15 | by ( Victoria Gomelsky | ) www.nytimes.com time to read: +2 min

During a press roundtable event at the Cartier booth at Watches and Wonders, Cyrille Vigneron, the brand’s chief executive, said that A.I. “By having so much data coming from call centers or web inquiries or even what words customers use on comments or on their own social media, you have a lot of words,” Mr. Vigneron said. “What we’ve done for the last five years is be distinctively ourselves,” Mr. Vigneron said. “That’s collective intelligence, and not artificial.”Expansion plansBrands aren’t the only watch-world entities looking to optimize their operations with A.I. Wristcheck, a Hong Kong retailer of pre-owned watches, is planning to introduce what it calls Wristcheck Intelligence this year.

Persons: Cyrille Vigneron, Cartier, Mr, Vigneron, “, ”, “ We’re, ” Mr, ” Austen Chu Organizations: Cartier, Normale, A.I Locations: Hong Kong

☆ Canada Goose caution on U.S. eclipses upbeat annual sales forecast
▼ + stars: | 2023-05-18 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

However, shoppers in the United States are putting a pause to a post-pandemic splurge on high-end clothing and accessories, with companies including ultra-luxury fashion houses like LVMH (LVMH.PA) and Gucci owner Kering (PRTP.PA) seeing sagging demand. Canada Goose, popular for its bright-red parkas and pricey puffer jackets, saw U.S. revenues decline 4.5% in the reported quarter. Still, a 65.4% surge in Asia Pacific revenue, coupled with robust demand in Europe and Canada, helped the luxury winterwear maker beat expectations in its fourth-quarter results. Toronto, Ontario-based Canada Goose said it expects fiscal 2024 revenue between C$1.40 billion ($1.05 billion) and C$1.50 billion, while analysts were expecting C$1.33 billion. ($1 = 1.3372 Canadian dollars)Reporting by Deborah Sophia in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Canada Goose sees upbeat annual sales as China recovery gains steam
▼ + stars: | 2023-05-18 | by ( Deborah Mary Sophia | ) www.reuters.com time to read: +2 min

Canada Goose, popular for its bright-red parkas and pricey puffer jackets, has about 18 retail stores in Mainland China - the highest number of outlets it has in any country. The company is also planning to double its store count worldwide over the next five years, from 51 permanent stores currently. Toronto, Ontario-based Canada Goose said it expects fiscal 2024 revenue between C$1.40 billion ($1.05 billion) and C$1.50 billion, while analysts were expecting C$1.33 billion, according to Refinitiv data. However, it forecast annual per-share profit in the range of C$1.20 to C$1.48, compared with estimates of C$1.46 per share. ($1 = 1.3372 Canadian dollars)Reporting by Deborah Sophia in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

☆ Canada Goose sees annual sales above estimates on China rebound
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +1 min

May 18 (Reuters) - Canada Goose Holdings Inc (GOOS.TO), forecast annual sales above Wall Street estimates on Thursday, betting that a sharp rebound in key luxury market China would help the luxury winterwear maker ride out a slowdown in U.S. demand. Revenue from Canada Goose's Asia Pacific segment jumped 65.4% to C$114.1 million in the quarter ended April 2, compared with a 5.2% drop in the previous quarter. That has buttressed sales at a time when luxury shoppers in the United States have paused a post-pandemic splurge on high-end goods, with companies including LVMH (LVMH.PA) and Gucci-owner Kering (PRTP.PA) reporting sagging sales in the market. Toronto, Ontario-based Canada Goose said it expects fiscal 2024 revenue between C$1.40 billion ($1.05 billion) and C$1.50 billion, compared with analysts average estimate of C$1.33 billion, according to Refinitiv data. ($1 = 1.3372 Canadian dollars)Reporting by Deborah Sophia in Bengaluru; Editing by Krishna Chandra EluriOur Standards: The Thomson Reuters Trust Principles.

CNN —Hundreds of jewels once owned by late Austrian billionaire Heidi Horten have fetched a combined 176 million Swiss francs ($196 million) to become the most expensive private jewelry collection ever to appear at auction. Heidi Horten pictured wearing the Briollete of India necklace, which sold for 6.3 million Swiss francs ($7 million). The most valuable lot, a ruby and diamond Cartier ring that is “pigeon blood” in color, fetched just over 13 million Swiss francs ($14.5 million), despite Christie’s expecting bids as high as 18 million Swiss francs ($20 million). A 90-carat “Briolette of India” diamond necklace by jeweler Harry Winston also came in below estimate, selling for 6.3 million Swiss francs ($7 million). courtesy Christie'sElsewhere, however, a Bulgari diamond ring more than doubled its high estimate to fetch 9.1 million Swiss francs ($10.1 million).

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