BUSINESS | Chanel Warns Virus Impact Will Linger On Luxury Sector

The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel’s chief financial officer said on Thursday, warning the French fashion label’s 2020 revenues and profit would be significantly hit.

Privately-owned Chanel – known for its tweet suits, quailed handbags and No.5 perfume is one of the biggest luxury brands in the world alongside LVMH’s Louis Vuitton.

It did not give details of the slide in sales so far this year but the next 12 to 18 months would be particularly tough, finance chief Philippe Blondiaux told Reuters, adding that a strong recovery in countries where the group’s shops have reopened could not make up for the lack of international travel.


FASHION AVENUE | Grace Kelly’s Granddaughter Charlotte Casiraghi Is The New Face Of Chanel

Long – time friend of the maison, Charlotte Casiraghi, has just been promoted to admbassador status. While the inherent style of the next – gen of monegasque royals is inarguable – they are descendent from Grace Kelly after all – their dubbing by the fashion industry as ambassadors sure does up their sartorial cred, an … More FASHION AVENUE | Grace Kelly’s Granddaughter Charlotte Casiraghi Is The New Face Of Chanel

FASHION AVENUE | Max Mara Pre – Fall’ 21 Fuses Elegance With Ease

Since its beginnings in 1951, Italian fashion house Max Mara has endeavored to trademark its own recognizable style: staples for the unstoppable, independent working woman. Today, creative director Ian Griffiths still designs this version of power dressing for his ambitious woman – one who is unafraid to break glass ceilings and look effortless she does … More FASHION AVENUE | Max Mara Pre – Fall’ 21 Fuses Elegance With Ease

FASHION | Halima Aden Reveals Plans To Be First Miss Somalia To Enter Miss Universe

Halima Aden is a force to be reckoned with. A champion of female empowerment and inclusivity, the Somali – American model is responsible for shattering countless stereotypes. Now, she has announced her plans to enter the Miss Universe beauty pageant as the first – ever Miss Somalia.  Aden took to social media over the weekend … More FASHION | Halima Aden Reveals Plans To Be First Miss Somalia To Enter Miss Universe

FASHION AVENUE | Amina Muaddi Ha Added Statement Jewelry And Handbags To Her Footwear Empire

Romanian-Jordanian designer Amina Muaddi has expanded her footwear empire by adding jewelry and handbag pieces to her new Fall 2020 Collection. Muaddi, who is best known for her signature flared heels, has rapidly become of the most sought-after footwear designers in the world, with a host celebrity clients including Gigi Hadid, Kim Kardashian, Kendall and … More FASHION AVENUE | Amina Muaddi Ha Added Statement Jewelry And Handbags To Her Footwear Empire

FASHION AVENUE | Halima Aden And Hend Sabri Are The Stars Of Etro’s Latest Campaign

Etro has unveiled its latest campaign and it features some very special stars, notably Somali-American model Halima Aden and Tunisian actor Hend Sabri. The Italian label chose Aden and Sabri to star among the diverse line-up for its new Pegasus Club Campaign. Aden and Sbri join models Alton Mason, Elsa Hosk, actor Hikari Mori, rapper … More FASHION AVENUE | Halima Aden And Hend Sabri Are The Stars Of Etro’s Latest Campaign

FASHION AVENUE | Mexico Demands Explanation From French Designer Isabel Marant Over Indigenous Designs

Mexico’s culture ministry on Wednesday questioned French designer Isabel Marant’s use of patterns from indigenous Mexican communities, marking the government’s latest complaint over high-fashion brands appropriating local styles. According to the ministry, Maran’t latest collection, including a long cape with stripes and starburst designs in gray and brown hues, includes elements from the from the … More FASHION AVENUE | Mexico Demands Explanation From French Designer Isabel Marant Over Indigenous Designs

FASHION AVENUE | Kim Kardashian Celebrates 190 Million Instagram Followers In Amina Muaddi Heels

Reality star and entrepreneur Kim Kardashian took to Instagram to celebrate hitting 190 million followers over the weekend – and she did it in style thanks to Jordanian – Romanian footwear designer Amina Muaddi. Kardashian posted posted a series of snaps in which she’s wearing a tan outfit – complete with glistening leather trousers and … More FASHION AVENUE | Kim Kardashian Celebrates 190 Million Instagram Followers In Amina Muaddi Heels

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