Italian fashion designer Laura Biagiotti, who pioneered the marketing of cashmere products in places such as China and the USSR, has died aged 73. She suffered brain damage following a heart attack and died on Friday.
Movado Group Inc. saw a major drop in sales for the first financial quarter of 2018, from $114.1 million in the same quarter last year to $99.3 million. The New Jersey-based company will put its focus on new products.
Strong earnings from the battered U.S. retail sector, which helped lift Wall Street on Thursday, also boosted shares of the hard-hit real estate investment trusts that own the properties where the retailers are located
The New York-based designer has chosen to consolidate his resort and spring collections into one show this September during NYFW, called “Spring One.” Wu will also present his pre-fall and fall collections in one show.
Following a bad day on the stock market Wednesday and a 5% drop in its share price, Italian luxury group Salvatore Ferragamo on Thursday confirmed a cautious outlook for 2017 while sticking to its medium-term guidance.
Edeline Lee, Georgia Hardinge, Isa Arfen, Sharon Wauchob and Teatum Jones are among the eleven designers receiving BFC Fashion Trust grants in 2017. The recipients will share a total grant of £450,000.