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The Fashion Trade
A mixed year so far for retail stocks is about to get even more muddled as the
U.S. presidential election perhaps distracts A mixed shoppers year from so far
hitting for retail store stocks is about to get even more muddled aisles.
LVMH Net Profit Falls In First Half
PARIS — LVMH Moët Hennessy Louis Vuitton said profits took a hit in the first
half as price-conscious Chinese consumers shifted their purchasing to
neighboring Japan, but it plans to maintain investment with an eye toward
reaping long-term rewards.
Saks Global Takes Shape, Triggers Appointments, Layoffs
Key functions of the Saks.com, the Saks Fifth Avenue stores known as SFA, and
Saks Off 5th companies are being merged under the Saks Global umbrella.The
strategy represents an effort to create efficiencies and will lead to what
sources said were about 100 layoffs, or 1 percent of the staff, including the
elimination of certain positions.
Belk Deleverages, Gets New Owners
Belk Inc., the privately owned regional department store, has deleveraged and
has new owners.On Tuesday, the Charlotte, N.C.-based Southeastern regional
department store chain revealed that it deleveraged with its first and second
lien lenders and its primary owner, the Sycamore Partners private equity firm.

Fendi Names Joanna Dubin, Valentina Lucaj to New Posts
MILAN — The management changes at Fendi continue.After the May appointment of
Pierre- Emmanuel Angeloglou as the company’s new chief executive officer, Fendi
is naming Joanna Dubin worldwide managing director of retail and wholesale,
effective Sept.
Moynat Teams With Stylist Lucia Liu on Qixi Capsule
LONDON — Moynat, the French heritage accessories brand controlled by Bernard
Arnault’s family holding company Financière Agache, is looking to court China's
young and affluent fashion consumers with a dopamine-filled Qixi collaboration
with celebrity stylist Lucia Liu, the brand's first China-focused creative
project.
The Estée Lauder Cos. Names Akhil Shrivastava EVP, CFO
The real-life version of succession continues at the Estée Lauder Cos.Not long
after WWD reported that Tracey Travis, executive vice president and chief
financial officer, plans to retire next year, her successor has been revealed.
Experts Giving BTS Business Barely Passable Grades
It's still early days, but the 2024 backto-school retail season is already
barely getting a passing grade, according to prognosticating industry experts.
Victoria’s Secret Fashion Show Makes a Comeback, With Women in Charge This Time
Victoria's Secret is bringing back its fashion show and aiming for it to be
bigger and more inclusive than ever before.While the exact date and location of
the fashion show haven't been revealed yet, the two show producers, long-time
Victoria's Secret executives, are optimistic that this version will be something
that viewers haven't seen before.
U.S. Presidential Election Ratcheting Up Risk for Fashion Stocks
From the start, 2024 promised to be a tough year for fashion stocks.Inflation
has made living more expensive, interest rates are up and geopolitics seem all
the more unsettled — from conflicts in Ukraine and Gaza to edge-of-your-seat
elections in Europe and, now, the U.
Loewe Overtakes Miu Miu on Lyst Ranking
LONDON — The newly coined buzzy term “Rodent Man” not only has taken the
internet by storm, but it has also helped Loewe overtake Miu Miu to claim the
top spot on the latest Lyst Index hottest brands ranking.
Galeries Lafayette Opens Secondhand Watch and Jewelry Space
PARIS — The novelty at Galeries Lafayette is pre-owned watches and jewels, with
the opening of a dedicated shop-in-shop in the department store’s Haussmann
flagship.
Breitling’s Champs-Elysées Pop-up Is a Year-long Teaser for Flagship
PARIS – Breitling has landed on the Champs-Elysées with days to spare before the
2024 Paris Olympic Games kick off.For its fourth address in the French capital,
the luxury watch brand took over the three-story unit at number 76, at the
entrance of the Arcade des Champs- Elysées, a listed commercial passage that
features René Lalique chandeliers and glass cupolas.
L’Occitane Will Go Private
PARIS – L’Occitane International SA is moving ahead with plans to delist from
the Hong Kong Stock Exchange.In late April, Reinold Geiger, L’Occitane’s
majority shareholder, initiated a 1.
Venice Film Festival Expected To Serve Big Fashion Moments
MILAN — Recharge your energies and have a relaxing summer holiday because the
cinematographic back-to-school and return to red carpet events is shaping up to
be intense.
Holiday Season Blind Spots Revealed in First Insight Report
Retailers and brands face significant challenges as they gear up for the
upcoming holiday shopping season, according to a new report by First Insight
Inc.
Bolt Partners With LuisaViaRoma to Enhance Checkout Experience for U.S. Shoppers
LuisaViaRoma, the online luxury fashion retailer, said it has teamed up with
Bolt, a leading checkout technology company, to improve the checkout experience
for its U.
‘RHOBH’ Cast Unites for Sutton Stracke's Hollywood Fashion Show
Cameras were rolling for “The Real Housewives of Beverly Hills” reality star
Sutton Stracke on Monday night in Los Angeles.Filming for the 14th season of the
Bravo hit show, the spotlight was on Stracke — owner of Sutton boutique in West
Hollywood — as she unveiled her “Green Label Brand Capsule.
Fashion Scoops
Cavalli CelebrationRoberto Cavalli is celebrating its past and present with a
pop-up at Selfridges until Aug. 18.Creative director Fausto Puglisi’s fall 2024
collection will be on display on the women’s floor with a selection of products
including the Roar handbag in shades of white, black and green; spaghetti strap
dresses; print jackets, and denim jeans.
ON THIS DAY
Retailers raved over the success of baggy cargo pants and novelty T-shirts when
WWD asked what summer styles were resonating with customers, as seen on July 24,
2003.

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