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Kaiyun Group Issued The First Quarter Profit Warning; Tiffany Presents The Works Of Bird On A Pearl

2024/3/22 13:48:00 0

On March 19, Kaiyun Group issued a profit warning before the release of the first quarter results. At present, it is estimated that the comprehensive income of the first quarter will decline by about 10% compared with the same period last year. In a statement issued after the closing, Kaiyun Group said: "This performance mainly reflects the decline of Gucci's sales, especially in the Asia Pacific region. It is expected that the comparable revenue of Gucci in the first quarter will decline by nearly 20% year on year." However, the company also added: "Gucci is in the early stage of transformation. With the launch of new products in the coming months, we think it will take more time to evaluate the customer's response. By the middle of this year, the products designed by Sabato De Sarno should account for 30% of Gucci's current products."

According to the 2023 annual performance released by Kaiyun Group at the beginning of last month, the general operating profit of the Group in 2023 will be 4.746 billion euros, down 15% from 2022. It is expected to decline again this year, especially in the first half of the year. At that time, Fran ç ois Henri Pinault, chairman and CEO of Kaiyun Group, said: "In the uncertain market environment at the beginning of 2024, the company will still face short-term performance pressure." (Lin Xiyao)

Recently, LVMH Group expanded the responsibilities of Romain Spitzer and St é phanie Medioni, two executives in the perfume and cosmetics department. According to a group announcement, Romain Spitzer, the current CEO of LVMH perfume business department and the manager of Givenchy and Kenzo perfume business, has expanded his work scope to more projects and will report to St é phane Rinderknech, CEO of perfume and cosmetics department, The announcement shows that "Romain Spitzer will support the business development of other departments of the Group in the early stage of product innovation and business development by completing the incubation project." At the same time, St é phanie Medioni, executive president of beauty business of LVMH in charge of strategy and development, will continue to supervise Aqua di Parma, Parfums Loewe, Maison Francis Kurkdjian, Make Up For Ever Officine Universalle Buy, Stella McCartney Beauty, Fresh, Benefit and other brands will also integrate data and artificial intelligence horizontally and achieve sustainable development by managing CMI, media, retail and omni channel work. （will)

On March 14, 2024, Tiffany&Co.'s Jean Schlumberger by Tiffany's Bird on a Pearl series made its debut in Shanghai. As the classic design of Jean Schlumberger, the legendary designer of the brand, the smart birds once supported by rare gemstones now stand on natural wild pearls, extending a series of smart and extraordinary artistic masterpieces. Hundreds of jewels were exhibited on the site, each of which fully demonstrates Tiffany's excellent craftsmanship and brilliant heritage. This work of Bird on a Pearl incorporates many theme elements in Jean Slomberge's creative design, and matches with delicate and rich colors of pearls, vividly demonstrating the charm and variety of the four seasons, and paying tribute to the legendary designer's infinite love for nature. Echoing the artistic style of the works, Tiffany created an immersive exhibition space dotted with bird paper-cut, among which the outstanding works include the gorgeous necklace inlaid with natural wild pearls with a total weight of more than 97 carats, and the Bird on a Pearl brooch supported by a light gray water drop shaped natural wild pearl. A series of masterpieces, including Blue Book's premium jewelry series, Out of the Blue Wonderland, and Jean Schlumberger's classic design, were simultaneously displayed on site, fully demonstrating Tiffany's unique ingenuity, skill and style vocabulary with rich and magnificent designs. (Charles)

Filippa K, a Swedish fashion house, announced the appointment of Ida Petersson as a member of the brand board. Petersson once held key positions on well-known fashion platforms such as Harvey Nichols and Net-a-Porter. Before joining Filippa K, she served as the buying director of fashion boutique Browns. She will bring valuable expertise to the brand. As an outstanding person with more than 20 years of experience in the luxury fashion industry, Petersson, with her foresight and strategic thinking, has created an attractive and socially conscious brand and product strategy worldwide. This appointment is another important measure following the recent appointment of Anna Teurnell as the creative director of Filippa K, which further emphasizes the brand's commitment to carry forward the classic and provide a minimalist capsule wardrobe suitable for modern life.

"We are very honored to welcome Ida Petersson to the board of directors of Filippa K. With her rich experience in the international luxury fashion field, she will bring Filippa K a wealth of expertise in product planning and brand strategy, help the brand continue to develop, and further promote Filippa K to become a world-famous luxury brand." Anders Ullstand, Chairman of the Board of Directors of Filippa K. (Longjing)

Recently, according to the data released by the Swiss Watch Industry Federation, the Swiss watch export shrank in February, with a year-on-year decline of 3.8%, slightly higher than 2 billion Swiss francs. In terms of sales volume, it decreased by 5.2%. The industry organization said that this was the first significant decline "after two years of stable growth", and attributed the decline to the adverse base effect and the sharp decline in Greater China. Although other top markets such as the United States, France, Japan and the United Arab Emirates still maintain the momentum of medium high single digit growth. （will）

Ba&sh launched the white Qijing capsule series in spring and summer of 2024, which was born for the celebration of flexibility and elegance. Ba&sh skillfully uses pure fabrics and exquisite design details to reshape elegance and inject new vitality into important moments. At the same time, ba&sh launched unique limited edition accessories to match the celebration, adding a bit of fashion to the style, so that every girl can shine with unique brilliance. In the new series, ba&sh has launched a series of white pieces to facilitate multi occasion travel: giving special significance to new weddings, major occasions and ordinary seasons. Guipure lace dress adopts lightweight organza and bold hollowed out design, and the matching solid color suit has exquisite design details. In addition, ba&sh has always favored the use of environmentally friendly fabrics, such as organically produced cotton fibers, recycled synthetic fibers, and new environmentally friendly viscose fibers certified by FSC. Its wood pulp materials come from well managed renewable forests. The leather raw materials used in accessories are all from professional tanneries with relevant certification. (Charles)

A few days ago, the efficacy skin care trendy brand Grown Alchemist Akomei pop-up store from Melbourne appeared in Shanghai Xintiandi Fashion. The Grown Alchemist brand and the executives of Sephora Greater China came to the scene to jointly light up the "GA Cool Energy Night", gathered trendsetters from different fields on the scene, unlocked the urban muscle density, and opened a boundless exploration of plant essence skin care and urban life. Since its establishment, Grown Alchemist has been praised and loved by many more influential millennial and Z-generation customers and thin skin care consumers who pay more attention to healthy skin care. In addition to the purity of the core formula, the minimalist style of its product packaging also reflects the brand's leisurely attitude and taste in life. This time, the laboratory aesthetic venue where GA Chaoku skin rejuvenation laboratory graffiti is intertwined with the metal industrial style has broken the inherent impression of the skin care brand. The two cross border collide with the scientific foundation of the advanced specialty of Grown Alchemist and its unique style. Green plants and scientific and technological elements are used to create a vibrant art space, where consumers can better understand the biological aesthetic concept advocated by GA Akomei. (Charles)

It is reported that six weeks after the relationship with local partners deteriorated, ABG, the brand management company, said that it was ready to include Ted Baker's European retail and e-commerce business in the scope of bankruptcy management. According to ABG, European business will continue to trade through the government, while the US branch of the British fashion company will not be affected. It is reported that ABG signed a cooperation agreement with AARC in April to operate more than 120 retail stores and franchise stores of Ted Baker, as well as the online business of the brand. The transaction with AARC is part of a broader licensing model that Authentic has created for Ted Baker. In February this year, ABG, a brand management company, said that despite its best efforts to support AARC, a retail operator in 11 countries in Europe, the Middle East and Africa, including providing short-term loans to the enterprise, the company failed to fulfill its financial obligations. John McNamara, chief strategic officer of Authentic Brands Group, said on Tuesday evening that "despite unremitting efforts", AARC had caused damage to Ted Baker's European retail and e-commerce business, and "too much debt to overcome." He added that ABG hoped to bring better results to Ted Baker's employees and stakeholders, And confirm that Ted Baker will continue to operate online and in stores. According to British media reports, hundreds of jobs are at risk. (Lin Xiyao)

Recently, LaPointe, a luxury clothing brand in New York, appointed Reese Pozgay, an industry veteran, as the vice president of marketing. The brand said in a statement that Reese Pozgay would support the vision of creative director Sally LaPointe by "building a strong and recognizable brand image through visual and verbal language". In addition, he will also supervise the brand consistency of all departments and platforms; Develop 360 degree marketing strategies and cultivate seasonal storytelling to support all product launches in social media, events, celebrities, influencers, media, partnerships, cooperation, content, etc. Reese Pozgay worked for Revlon and Marc Jacobs International in charge of global marketing. Prior to joining LaPointe, Reese Pozgay served as vice president of marketing and private channels for Revlon, leading the digital transformation of the brand. （will)

On March 18, Vivara, one of the largest jewelry retailers in Brazil, announced the change of CEO. Founder Nelson Kaufman will return as CEO. In a teleconference with investors and analysts on Monday, Nelson Kaufman emphasized his international expansion plan and strategic adjustment aimed at more practical management of physical stores. He added that Vivara's EBITDA of more than 5% would not be used for its international expansion plans. The next day, Vivara's share price fell to 23.91 reais (US $4.7), the lowest intraday level since May 2023. JPMorgan analysts wrote in a report to clients on Tuesday that the company needs time to rebuild the confidence of market participants. （will)

Recently, Strathberry released the 2024 summer series, drawing inspiration from Ibiza in Spain in the 1990s, to outline the gorgeous colors of the original Balearic Islands before the arrival of the digital era, as well as the carefree pleasure atmosphere of that era. The design of this series is full of coastal sunshine: morning glory pollen, clear sea blue, vanilla in golden sunshine and other rich colors, which make people immerse themselves in the amazing scenery of Ibiza Island in the Mediterranean Sea and the gorgeous sunset of Cafe del Mar, showing the free and romantic spirit of Balearic Islands in the 1990s. The combination of weaving technology, casual canvas and timeless and elegant leather brings extraordinary charm to this season's collection. Adhering to its commitment to sustainable development, Strathberry carefully selects materials, including the latest sustainable resin beaded shoulder straps. Each piece is made in Spain with careful workmanship, bringing the dream charm of Ibiza into contemporary life. (Li Chen)

Vuori, a high-performance sports brand from California, USA, released the new BlissBlend this month ™ Spring bright color yoga products. In the warm spring, the new BlissBlend on Vuori ™ The series of products adopt "dopamine" colors such as pomelo orange, stone blue and pistachio green, which enrich women's choice of sports wear in spring. BlissBlend ™ The bright color scheme adds a light spring color to women's sports moments, and the high ductility of the fabric allows "her" to freely retract during sports. Vuori BlissBlend ™ Series adopts self-developed BlissBlend ™ Breathable fabrics, 75% of which are sustainable materials, absorb sweat and dry quickly, soft and skin friendly, support 360 degree pressure free extension, and the fitting cutting provides lightweight support, which is the best auxiliary for yoga, Pilates and other sports. (Li Chen) WWD