News

Wednesday, March 4, 2015 at 11:50pm
PARIS – Carrefour SA reported net income surged 24.6 percent last year to 1.18 billion euros, or $1.57 billion. Full-year operating profits reached 2.39 billion euros, or $3.18 billion, for 2014, a 6.7 percent increase year-on-year. The world’s second-largest retailer behind... read more
Wednesday, March 4, 2015 at 9:26pm
Isabel Marant and Hong Kong-based distribution company ImagineX said they have formed a partnership to expand the French fashion brand’s presence in Greater China. ImagineX, part of The Lane Crawford Joyce Group, plans to open a dozen points of sale in China for Isabel Marant... read more
Wednesday, March 4, 2015 at 9:01pm
PARIS — Asked whom he sees as J. Crew’s main competitors in Paris as the American brand sets its first boutique in the Marais district, Millard “Mickey” Drexler didn’t hesitate for one second. “Anyone with a sewing machine,” he replied. Yet J. Crew Group Inc.’s chairman and... read more
Wednesday, March 4, 2015 at 9:01pm
Those teens just can’t shake their troubles. While American Eagle Outfitters Inc. saw increases in fourth-quarter profits and sales, its comparable sales remained flat. Competitor Abercrombie & Fitch saw profits plummet by almost a third and sales slip 13.8 percent. Both... read more
Wednesday, March 4, 2015 at 9:01pm
PARIS — Paris-based SMCP Group, the holding company for contemporary brands Sandro, Maje and Claudie Pierlot, said revenues jumped 20.5 percent in 2014, marking the fifth consecutive year of growth in excess of 20 percent. Sales totaled 508.6 million euros, or $676 million,... read more
Wednesday, March 4, 2015 at 9:01pm
MALKOVICH’S MARK: The St. Regis Istanbul opened its doors earlier this week and to mark the occasion, the hotel group recruited actor and filmmaker John Malkovich to write and direct a short film, which was screened at the private members club 5 Hertford Street in London on... read more
Wednesday, March 4, 2015 at 9:01pm
MALKOVICH’S MARK: The St. Regis Istanbul opened its doors earlier this week and to mark the occasion, the hotel group recruited actor and filmmaker John Malkovich to write and direct a short film, which was screened at the private members club 5 Hertford Street in London on... read more
Wednesday, March 4, 2015 at 9:01pm
Fashion has a new crop of billion-dollar babies. Designer e-commerce marketplace Farfetch is the latest to see its valuation creep up to that magic number, after having raised $86 million in its latest round of funding. This brings the total raised by the eight-year-old company... read more
Wednesday, March 4, 2015 at 9:01pm
GETTING THE MESSAGE OUT: Anton Belinskiy’s sweater said it all: “Poor But Cool.” He’s one of 26 young designers who displayed their wares at the headquarters of LVMH Moët Hennessy Louis Vuitton on Wednesday night, all vying for a cash prize of 300,000 euros, or $335,560 at... read more
Wednesday, March 4, 2015 at 9:01pm
GETTING THE MESSAGE OUT: Anton Belinskiy’s sweater said it all: “Poor But Cool.” He’s one of 26 young designers who displayed their wares at the headquarters of LVMH Moët Hennessy Louis Vuitton on Wednesday night, all vying for a cash prize of 300,000 euros, or $335,560 at... read more

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