Chanel's Manchester Fashion Show Draws Celebrities and Protesters

Models present creations at the Chanel Metiers d'Art runway show, in Manchester, Britain December 7, 2023. REUTERS/Suzanne Plunkett
Models present creations at the Chanel Metiers d'Art runway show, in Manchester, Britain December 7, 2023. REUTERS/Suzanne Plunkett
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Chanel's Manchester Fashion Show Draws Celebrities and Protesters

Models present creations at the Chanel Metiers d'Art runway show, in Manchester, Britain December 7, 2023. REUTERS/Suzanne Plunkett
Models present creations at the Chanel Metiers d'Art runway show, in Manchester, Britain December 7, 2023. REUTERS/Suzanne Plunkett

French luxury label Chanel took its annual Metiers d'Art runway show to a rainy northern England street late Thursday where an international fashion crowd viewed a special collection highlighting the brand's craftwork, Reuters reported.
Guests including actors Tilda Swinton, Hugh Grant and Kristen Stewart, model Alexa Chung and British rapper Aitch gathered on a stretch of Manchester's Thomas Street under a transparent canopy, where they snacked on mulled cider and mini cheese toasties as pro-Palestinian protesters chanted.
Music soon drowned out the protest chants and models with 1960s inspired hairdos marched down the pavement in girly renditions of the label's signature tweed ensembles in bright pink, orange and green, with low-heeled Mary Jane shoes.
The annual event showcases lace, embroidery and other crafts produced at Chanel's complex of specialty workshops on the northern outskirts of Paris.
Manchester's link to fashion dates to the 18th century when it was the center of Britain's textiles industry. The city is known for its contributions to British pop culture, sports and fashion.



H&M Abandons 2024 Earnings Margin Target, Q3 Profit Lags

People walk past a closed H&M clothing store in Omsk, Russia, March 3, 2022. REUTERS/Alexey Malgavko
People walk past a closed H&M clothing store in Omsk, Russia, March 3, 2022. REUTERS/Alexey Malgavko
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H&M Abandons 2024 Earnings Margin Target, Q3 Profit Lags

People walk past a closed H&M clothing store in Omsk, Russia, March 3, 2022. REUTERS/Alexey Malgavko
People walk past a closed H&M clothing store in Omsk, Russia, March 3, 2022. REUTERS/Alexey Malgavko

H&M, the world's second-largest listed fashion retailer, said on Thursday it no longer expected to reach its full-year earnings margin goal, while reporting a lower-than-expected operating profit for the June-August period.

H&M has struggled to boost its profitability amid high inflation and stiff competition from its bigger Spanish rival Zara, owned by Inditex, and the rapid growth of cut-price online fast-fashion retailer Shein.

"At present we estimate that this year's operating margin will be lower than 10%," Chief Executive Daniel Erver said in a statement.

The accumulated margin stood 7.4% for the first three quarters.

The full-year operating margins for 2022 and 2023 were 3.2% and 6.2% respectively, and H&M had cautioned in June that factors such as materials costs and foreign currency had made the 2024 target more difficult to reach.