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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)
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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.

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Fashion

Gap's Turnaround Efforts Drive Quarterly Beat in Surprise Early Announcement

FILE PHOTO: The Gap logo is seen on the front of the company's store on Oxford Street in London, Britain, July 1, 2021. REUTERS/John Sibley/File Photo
FILE PHOTO: The Gap logo is seen on the front of the company's store on Oxford Street in London, Britain, July 1, 2021. REUTERS/John Sibley/File Photo
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Gap's Turnaround Efforts Drive Quarterly Beat in Surprise Early Announcement

FILE PHOTO: The Gap logo is seen on the front of the company's store on Oxford Street in London, Britain, July 1, 2021. REUTERS/John Sibley/File Photo
FILE PHOTO: The Gap logo is seen on the front of the company's store on Oxford Street in London, Britain, July 1, 2021. REUTERS/John Sibley/File Photo

Gap on Thursday surpassed Wall Street expectations for the second quarter, as a surprise early announcement of its results showed shoppers turned to its Old Navy and namesake brands to snap up trendy and fashionable clothing.
Shares of Gap closed up nearly 2% at $22.8. The stock was halted during the day following a Bloomberg News report that said the apparel retailer's earnings press release and presentation appeared on its website in the morning, hours earlier than scheduled.
A Gap spokesperson told Reuters that the company's results were briefly and accidentally posted on its website due to an administrative error. It was originally scheduled to release the numbers after the bell.
The Banana Republic owner is in the midst of a brand turnaround under CEO Richard Dickson and has been ramping up its stores with fresher and more chic styles to bring back lost customers.
Dickson on a post-earnings call said Gap's consumer base has broadened and the company is seeing more sell-throughs at full-price, resulting in less discounting.
People, who are otherwise saving dollars and curbing spending on big-ticket items, are more than willing to go all out and spend on in-trend footwear and clothing such as those from Abercrombie & Fitch, Roger Federer-backed On and Deckers Outdoor's Hoka.
"(Gap) is being managed better than it was ... it is not like all four brands are really completely healthy, but they are trending in the right direction under the new management," Morningstar analyst David Swartz said.
Comparable sales at Old Navy rose 5% during the quarter, while the Gap brand posted 3% growth. Banana Republic sales, however, were flat as the brand continues to focus on fixing the fundamentals and improve its pricing and assortment architecture.
Gap's second-quarter net sales rose 5% to $3.72 billion, beating LSEG estimates of $3.63 billion.
It earned 54 cents per share, also topping analysts' average estimate of 40 cents.
The apparel retailer reaffirmed its annual net sales forecast and expects gross margin to expand by about 200 basis points versus its prior forecast of at least a 150-basis-point increase.