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Paris Fashion Week opens with local & global talent shows
September 24, 2014 (France)

Paris, the last of the four global destinations to host fashion weeks highlighting Spring/Summer 2015 trends, kicked off the nine-day-long Paris Fashion Week with eclectic ready-to-wear creations from talented national and international names.

The French fashion creator Anthony Vaccarello opened his show with a sexy bold collection based on nautical styles. Replete with décolletage revealing necklines, the range featured stripe detailed cropped denim tailcoats, asymmetrical miniskirts, slouchy pants, micro minis with snaps and dresses emblazoned with laser cut brand logo.

Magma, the burning reddish orange molten rock that lies beneath the earth’s crust, played as the source of inspiration for designer Christine Phung’s latest runway line. Mixed with sporty details and immaculate couture tailoring, the collection was enhanced with cut-outs, polka dots and wide knits. Based on volcanic colour theme of blacks, whites and reds, the featured pieces were shorts, open knit jackets, pleated languid dresses and fluid tops.

The American-born and the UK-based designer Corrie Nielsen harked back to the 1960s retro era for her new runway ensembles. Inspired from yesteryear’s fashion icons like Brigitte Bardot and Jane Birkin, the line titled Single Girl was accentuated with futuristic and voluminous looks. Based on shades of off-white, cream, beige, gold and dark brown, the standouts were a transparent dress featuring a circular skirt with padded patchworks, oversized tops and outfits with scooped out backs.

Young Parisian fashion talent Léa Peckre mixed Oriental and European elements into her new S/S15 designs. The tailored collection included a ruffled men’s T-shirt-cum-minidress, a sheer kimono and a belted wrap coat.

Kunihiko Morinaga, the designer behind the Japanese fashion house Anrealage, featured monochrome dresses in stiff cotton, jacquard and lace fabrics whereas brand Devastee’s creative duo Ophelie Klere and Francois Alary chose to highlight a 25-piece range, which was comprised of double breasted jackets, silk A-line coats and jumpsuits with waistbands decorated with teapot, church, smiley polka dot, hand and rain cloud prints. (PB)

LVMH & Hermes sink differences
September 05, 2014

Swedish fashion giant H&M announced a 20 percent leap year-on-year in third quarter profits Thursday but disappointed investors with a slight fall in gross profit margins linked to increased expansion costs.The group's net profits reached 5.3 billion kronor ($735 million, 580 million euros) -- less than analysts had expected following strong sales figures for July and August.September sales were down so far due to "unusually warm weather in most markets", the group said in a statement, adding that gross profit margins had fallen from 58.8 percent to 58.3 percent.

Turnover grew by 22 percent to 45.4 billion kronor ($6.3 billion, 4.9 billion euros), driven by the rapid expansion of the group which has diversified its brands, reporting "continued strong sales development" for COS, & Other Stories, Monki, Weekday, Cheap Monday and H&M Home.

"We have continued to gain market share thanks to strong sales development for all our brands. We see this as proof of well-received collections," H&M chief executive Karl-Johan Persson said in a statement.He added that the group, which currently has 3,300 stores, was on schedule to add another 375 during 2014, opening in the Philippines in October and expanding to South Africa, Peru, Taiwan and Macau in 2015.A planned expansion to India in autumn 2014 was postponed until next year.

The group also continued an online expansion with Internet sales launches in France in March, Italy and Spain in August and China in September."Our online openings have taken place at a rapid pace this year.... We have had a very good response from customers in all these countries," said Persson, adding that the company planned to open eight to 10 new online markets next year.H&M share fell by 3.51 percent on the Stockholm Stock Exchange in late morning trading in an overall market down 0.13 percent.

LVMH & Hermes sink differences
September 06, 2014 (France)

Luxury fashion companies - LVMH and Hermès have decided to sink their differences after a Parisian Court proposed an agreement between the two.

The Commercial Court of Paris proposed to LVMH and Hermès a conciliation in order to bring to an end the conflicts between the two groups and restore a climate of positive relations between them.The two companies reacted favourably to this proposal and signed an agreement under which the LVMH Group will distribute all its Hermès shares to its shareholders.This will be done by LVMH on the understanding that LVMH’s largest shareholder, Christian Dior will in turn distribute the Hermès shares it receives to its own shareholders.
Additionally, LVMH, Dior and Groupe Arnault have undertaken not to acquire any shares in Hermès for the next five years.The distribution of Hermès shares, approved by the boards of LVMH and Dior, will be completed latest by December 20, 2014.Following this distribution, Groupe Arnault will hold around 8.5% of the capital of Hermès International. (AR)

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