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Moschino Taps Adrian Appiolaza as its New Creative Director

FILE - Adrian Appiolaza poses for photographers before the Marcelo Burlon County of Milan men's Spring Summer 2023 collection presented in Milan, Italy, June 18, 2022. (AP Photo/Nicola Marfisi, File)
FILE - Adrian Appiolaza poses for photographers before the Marcelo Burlon County of Milan men's Spring Summer 2023 collection presented in Milan, Italy, June 18, 2022. (AP Photo/Nicola Marfisi, File)
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Moschino Taps Adrian Appiolaza as its New Creative Director

FILE - Adrian Appiolaza poses for photographers before the Marcelo Burlon County of Milan men's Spring Summer 2023 collection presented in Milan, Italy, June 18, 2022. (AP Photo/Nicola Marfisi, File)
FILE - Adrian Appiolaza poses for photographers before the Marcelo Burlon County of Milan men's Spring Summer 2023 collection presented in Milan, Italy, June 18, 2022. (AP Photo/Nicola Marfisi, File)

Moschino on Tuesday named Adrian Appiolaza as the new creative director of the Milan-based fashion house.
Appiolaza, previously design director for women’s ready-to-wear at Loewe and Chloe, will debut his first collection for Moschino on Feb. 22 during the Fall-Winter 2024 womenswear previews of Milan Fashion Week, Moschino said in a statement.
Appiolaza will oversee the women’s, men's and accessories collections of Moschino, which is known for its wacky designs. He reports to Massimo Ferretti, executive chairman of the brand's parent company, Aeffe SpA.
He takes over from Jeremy Scott, who resigned in March 2023. Scott’s first replacement, Davide Renne, died suddenly late last year after only days on the job.

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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)
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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.