Lanvin Names Design Veteran Peter Copping as New Artistic Director

Peter Copping steps out to applause from the audience after the modeling of the Oscar de la Renta Fall 2016 collection during Fashion Week, Feb. 16, 2016, in New York. (AP)
Peter Copping steps out to applause from the audience after the modeling of the Oscar de la Renta Fall 2016 collection during Fashion Week, Feb. 16, 2016, in New York. (AP)
TT

Lanvin Names Design Veteran Peter Copping as New Artistic Director

Peter Copping steps out to applause from the audience after the modeling of the Oscar de la Renta Fall 2016 collection during Fashion Week, Feb. 16, 2016, in New York. (AP)
Peter Copping steps out to applause from the audience after the modeling of the Oscar de la Renta Fall 2016 collection during Fashion Week, Feb. 16, 2016, in New York. (AP)

Lanvin, the world’s oldest continuously running couture house, named veteran designer Peter Copping on Thursday as its new artistic director.

Founded in 1889 by Jeanne Lanvin and based in Paris, Lanvin will welcome Copping as the creative head of its women’s and men’s collections starting in fall.

“Jeanne Lanvin was a visionary of her time whose passions and interests went beyond fashion, something I share with her,” Copping said in a statement.

British by origin and a veteran designer, Copping is a graduate of Central Saint Martins and the Royal College of Art in London. He began his career at Sonia Rykiel, spent over a decade at Louis Vuitton as head of women’s ready-to-wear alongside Marc Jacobs, and later served as creative director at Nina Ricci in Paris and Oscar de la Renta in New York.

Most recently, Copping led haute couture at Balenciaga, overseeing the reintroduction of the house’s couture collections.

His “arrival at Lanvin marks a significant step in the renaissance of one of the great French houses,” said Siddhartha Shukla, Lanvin’s deputy general manager.

Lanvin, which recently celebrated its 135th anniversary, is a big name in luxury ready-to-wear, leather goods, and accessories.



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
TT

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.