Balmain Designer Says Robbers Made off with 50 Items for His Upcoming Paris Fashion Week Show

Models present creations by designer Olivier Rousteing as part of his Spring-Summer 2023 ready-to-wear collection show for fashion house Balmain during Paris Fashion Week in Paris, France, September 28, 2022. (Reuters)
Models present creations by designer Olivier Rousteing as part of his Spring-Summer 2023 ready-to-wear collection show for fashion house Balmain during Paris Fashion Week in Paris, France, September 28, 2022. (Reuters)
TT

Balmain Designer Says Robbers Made off with 50 Items for His Upcoming Paris Fashion Week Show

Models present creations by designer Olivier Rousteing as part of his Spring-Summer 2023 ready-to-wear collection show for fashion house Balmain during Paris Fashion Week in Paris, France, September 28, 2022. (Reuters)
Models present creations by designer Olivier Rousteing as part of his Spring-Summer 2023 ready-to-wear collection show for fashion house Balmain during Paris Fashion Week in Paris, France, September 28, 2022. (Reuters)

Balmain artistic director Olivier Rousteing says robbers have made off with more than 50 pieces of the new collection that his Paris house intends to show at Fashion Week later this month.

Posting overnight Sunday on Instagram, Rousteing said a group of people hijacked his delivery driver on the way from an airport to Balmain's Paris headquarters. He said they made off with the last pieces he'd been expecting for the Sept. 27 womenswear show — more than 50 items in all. He didn't detail the pieces.

"Our delivery was hijacked," he wrote. "Thank God, the driver is safe."

"So many people worked so hard to make this collection," he added. "We are redoing everything but this is so so disrespectful."

"We won’t give up."

He didn't specify which airport the delivery driver was coming from. Paris has two main international airports. Rousteing wrote that he'd been waiting in his office Saturday morning when "our driver called us and said that he was hijacked by a group of people."

"This is so unfair. My team and I worked so hard," he wrote. "We will work more, days and nights. Our suppliers will work days and night as well."

Paris police directed Associated Press questions to prosecutors who couldn't immediately be reached for comment on the weekend.



Hermes 2Q Sales Rise 13% on Continued Appetite for High-End Luxury

People stand with Hermes shopping bags as they wait at a traffic light in Tsim Sha Tsui, a bustling shopping hotspot, in Hong Kong, China December 5, 2023. (Reuters)
People stand with Hermes shopping bags as they wait at a traffic light in Tsim Sha Tsui, a bustling shopping hotspot, in Hong Kong, China December 5, 2023. (Reuters)
TT

Hermes 2Q Sales Rise 13% on Continued Appetite for High-End Luxury

People stand with Hermes shopping bags as they wait at a traffic light in Tsim Sha Tsui, a bustling shopping hotspot, in Hong Kong, China December 5, 2023. (Reuters)
People stand with Hermes shopping bags as they wait at a traffic light in Tsim Sha Tsui, a bustling shopping hotspot, in Hong Kong, China December 5, 2023. (Reuters)

Birkin-bag maker Hermes reported a 13% rise in second-quarter sales on Thursday, demonstrating the continued appetite from wealthy shoppers for its luxury handbags, even as less affluent consumers pull back.

Sales at the French luxury group grew to 3.7 billion euros ($4.02 billion), a 13% organic sales rise that strips out currency fluctuations. The figure was in line with analyst expectations, according to a Visible Alpha consensus.

Operating profit for the first half was 3.1 billion euros, compared to a forecast from consensus provider Visible Alpha for 3.2 billion.

One of the most steady performers in the luxury goods sector -- even as economic conditions worsen -- the French group's results stand out after a string of disappointing earnings updates from peers which have raised investor concern about uncertain prospects for the sector in the coming months.

Hermes' famously classic designs and tight management of production and stock have helped reinforce the label's aura of exclusivity, and CEO Axel Dumas told reporters the company had seen "no big interruption in trends".

However, he said Hermes was seeing slightly less traffic with aspirational clients, which was impacting higher volume products like fashion accessories.