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News January 31, 2019
By Snobette
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LVMH Announces Great Quarter, Glides Past China Slowdown Fears

January 31, 2019. 1 Comment

Paris-based LVMH Moët Hennessy Louis Vuitton reported its full year and fourth-quarter results on Tuesday (January 29, 2019) with a total of 13.7 billion euros in group sales, an increase of nine percent versus last year. The results helped allay fears of the impact of slowing economic growth in China that caused the stock to pop six percent after the company announced.

In a press release, the company stated, “Driven by the agility of its teams, their entrepreneurial spirit, the balance between its different businesses and geographic diversity, LVMH enters 2019 with cautious confidence and once again, sets an objective of reinforcing its global leadership position in luxury goods.”

In press, the label highlighted a “very good response to Virgil Abloh’s and Nicolas Ghesquière’s [Louis Vuitton] fashion shows, success of Maria Grazia Chiuri [Dior] collections, significant media impact of Hedi Slimane’s first fashion show at Celine, success of Clare Waight Keller’s first collections at Givenchy, continued reorganization of Marc Jacobs and successful collaborations at Rimowa.”

In prepared remarks, CEO Bernard Arnault also spoke glowingly of Fenty Beauty‘s success, pointing out that the brand has reached 500 million euros in sales.

While the company remained cautiously optimistic on 2019, Arnault commented, “We need to expect that at some point there’s going to be an economic crisis. Not to slow down investors in any way, but we are being cautious. We know that nothing goes on forever and we know this economic cycle won’t go on forever. Nonetheless, 2019 has gotten off to a good start.”

Fashion Fenty Beauty News Rihanna Celine Dior Louis Vuitton Maria Grazia Chiuri Nicolas Ghesquière Virgil Abloh

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Retailer Atmos, owned by Foot Locker will be ceasi Retailer Atmos, owned by Foot Locker will be ceasing operations in North America. The website and retail locations will be shutting down to further focus on Japan in Asia.

In press about the announcement Atmos SVP and GM Patrick Walsh says,"The Atmos brand has a unique and authentic identity, character and spirit. Given the strength of Atmos in Japan and Asia, we are focused on further investing in this market. Though in line with this focus and our plans for simplification, we have made the strategic decision to close our three Atmos stores in North America and our Atmos U.S. website. We are confident that this is the right move for Atmos and will help us continue to work in service of bringing sneaker and street culture to our customers in Asia.”

The Atmos women's store in Philadelphia opened in October 2022!!
Today, Kering announced the appointment of Dublin, Today, Kering announced the appointment of Dublin, Ireland-born designer Sean McGirr as the new creative director of Alexander McQueen after the departure of Sarah Burton.

A graduate of London’s prestigious Central Saint Martins fashion school, he embarked on his career as an assistant at Burberry and Vogue Hommes Japan before becoming part of the creative team at Uniqlo. Prior to his tenure at JW Anderson, McGirr served as the womenswear designer at the renowned Belgian fashion brand, Dries Van Noten.

With the appointment of McGuirr Kering no longer has any woman creative director for its fashion brands. The visual on the slide.
An in hand look at #Puma and #Fenty's aged silver An in hand look at #Puma and #Fenty's aged silver Avanti sneaker, spotted at Kith's Williamsburg store. The shoe sold out when it launched last week on puma.com, but is now available at multiple retailers.
#Mugler creative director, #CaseyCadwallader broug #Mugler creative director, #CaseyCadwallader brought the glam and the drama to his spring'24 runway show during Paris Fashion Week.

Casting was fabulous as usual, with some of our faves Amber Valetta, Helena Christiansen as well as Mowalola, Omahyra Mota, Anok Yai, Fan Bingbing, Paris Hilton, Angela Bassett and Paloma Elsesser to name a few.
A new #Gucci luggage campaign under Sabato de Sarn A new #Gucci luggage campaign under Sabato de Sarno's creative direction starring Kendall Jenner and Bad Bunny, was unveiled this weekend.

To give context to the campaign, a portion of the press release reads,"Shot in an airport, the meeting place where journeys begin, the campaign explores the intimacy of traveling together through the creative lens of Anthony Seklaoui. Stills capture the fleeting spirit of Kendall Jenner and Bad Bunny's airport stroll, redefining the Jet Set glamour of the 1990s."

Does this campaign count as a relationship hard launch? 

See our stories for a reference by the dope @meliciousnyc that was on point!
Sarah Burton presented her last collection as Alex Sarah Burton presented her last collection as Alexander McQueen's creative director during Paris Fashion Week this Saturday. Naomi campbell closed the show in a stunning silver dress!

Burton's tenure as creative director for Alexander McQueen has  been remarkable, spanning an impressive 26 years. Her ability to maintain the brand's distinctive blend of beauty and edge is noteworthy.

Burton became creative director in  2010 after the tragic loss of Lee Alexander McQueen. As the only female creative director in Kering's fashion portfolio, her contributions have been significant, and her departure, in our opinion leaves a big gap in a house with a very deep and unique brand dna. 

Any thoughts on who will be the next McQueen creative director?
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