Articles by AFP
Prada CEO Gianfranco D’Attis steps down
Rome – Gianfranco D’Attis, chief executive officer of Italian luxury label Prada, stepped down from his role on June 30, the group confirmed to AFP on Sunday, following a report by specialist media outlet WWD. The role of chief executive officer was assumed on an interim basis by Prada Group chief executive officer, Andrea Guerra. According to...
Peopleloading...
Switzerland: Watch exports fall in May after record sales in April
Following substantial deliveries to the US in April, in light of impending tariffs, Swiss watch exports declined in May. However, the ‘boomerang effect’ proved less pronounced than anticipated, according to the Federation of the Swiss Watch Industry (FH). After a significant increase of 18.2 percent in April, Swiss watch exports across all...
BusinessMemberloading...
Trend: Who really is the "messy girl"?
Paris - Blurred hair and smudged eyeliner, all in a crumpled t-shirt: for several months, the "messy girl" has been making her mark on social media and in the streets, a trend less liberating than it seems. Unlike the "clean girl" who, with her perfect skin, carefully slicked-back hair and a look that matches her impeccably tidy interior,...
Fashion loading...
Global luxury market risks facing its worst turbulence in 15 years
Paris - The global luxury market was expected to slow down in 2025, hampered by the geopolitical context and economic uncertainties, with the risk of experiencing its worst turbulence in 15 years. However, the long-term outlook remained positive, according to a study by consulting firm Bain & Company. Luxury sales, "sensitive to uncertainty, are...
BusinessMemberloading...
Counterfeits, dangerous products: AliExpress threatened with EU fine
The European Commission on Wednesday took a significant step towards imposing a substantial fine on Chinese e-commerce giant AliExpress. The Commission preliminarily found that AliExpress has not adequately managed risks related to the sale of illegal products, despite numerous improvements. The Brussels-based regulator, acting as the EU’s...
Businessloading...
Vietnam launches crackdown on counterfeits amid US pressure
Chanel, Louis Vuitton, Gucci… Tran Le Chi loved fashion, but the US customs crackdown wreaked havoc on her wardrobe of counterfeits ‘made in Vietnam,’ caught in Washington’s crosshairs. “Clothes help me look trendy,” explained the 53-year-old woman, who sells illegal lottery tickets in Hanoi, the Vietnamese capital. “What does it matter to me...
Businessloading...
Intersport France targets 5.5 billion euros in revenue by 2030
French retailer Intersport reported a 6.3 percent increase in revenue for 2024, reaching 3.88 billion euro following its acquisition of struggling competitor Go Sport. The cooperative announced on Tuesday that it is targeting 5.5 billion euro in revenue by 2030. Intersport: online sales soar Growth in 2024 was driven notably by online sales,...
BusinessMemberloading...
Temu owner Pinduoduo nearly doubles annual profit
Chinese low-price online retailer Pinduoduo, the owner of the Temu app and Alibaba's main competitor, almost doubled its net profit in 2023, the group announced on Wednesday. The Shanghai-based giant, which has made affordable products its speciality since launching in China in 2015, posted a year-on-year net profit jump of 90 percent in 2023 to...
Businessloading...
Seaside Chanel, Louis Vuitton pussyhats at Paris Fashion Week
The last day of Paris Fashion Week on Tuesday saw Chanel take a trip back to its seaside origins, while Louis Vuitton looked to a space-age future that also included a luxury take on the "pussyhat". Chanel's show was dedicated to the northern French seaside town of Deauville where its founder Gabrielle "Coco" Chanel opened her first boutique in...
Fashion loading...
Two of fashion's most sustainable designers present at Paris fashion week
Eco-responsible fashion conscious designers presented their autumn-winter collections on Monday, the penultimate day of Paris Fashion Week. CAPTION: Stella McCartney presentation at Paris fashion week Fall/Winter 2024. Credits: ©Launchmetrics/spotlight Vegan Stella McCartney With her father and his Beatles bandmate Ringo Starr watching from the...
Fashion loading...