French luxury group LVMH said Thursday September 4th it had appointed British designer Phoebe Philo creative director at the Celine luxury women's ready-to-wear label and Marco Gobbetti as its president and managing director.
Competition and a move away from tailored dressing, only exacerbated by a weak economy, are hurting the men's suit business hard, and retailers are adding to manufacturers' pain by demanding more discounts.
The owner of Italian fashion designer Gianfranco Ferre turned in a 44 percent fall in first half operating profit on Wednesday August 27th , hit by adverse exchange rates and lower sales of the group's autumn/winter collections.
Billowy summer dresses pinned with gold shells and flared trousers from a bygone era of languid glamour dominated Gucci's pre-spring show at a 17th century hilltop villa in designer Frida Giannini's native Rome.
The U.S. military has had "very, very preliminary" discussions about what to do with its Guantanamo Bay naval base if and when it shuts the prison that has come to define the once-sleepy fuelling station, the base commander said on Wednesday.