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 | Billy Porter’s 2020 Emmys Ensemble Was Custom – Made By This Saudi Label

Billy Porter is known for his unapologetic style and statement red carpet looks. Despite this year’s Emmy Awards being held digitally, porter didn’t hold back from bringing his show-stopping outfits to the event, wearing a custom-made ensemble by Saudi label, Ashi Studio. The actor, who was nominated for the award for outstanding lead actor in … More FASHION | Billy Porter’s 2020 Emmys Ensemble Was Custom – Made By This Saudi Label

FASHION AVENUE | Tommy Hilfiger Champions Modest Dressing With First Stunning Hijab

With a State of the Global Islamic Economy report estimating the modest fashion industry to be worth an estimated £226 billion worldwide, it isn’t surprising numerous fashion houses are focusing on accommodating the market. Whether high-end names like Giorgio Armani, Dolce & Gabbana, DKNY and Burberry or high street retailers such as H&M and Mango, … More FASHION AVENUE | Tommy Hilfiger Champions Modest Dressing With First Stunning Hijab

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