LVMH Names UK’s Sarah Burton Givenchy Creative Director

FILE PHOTO: Sarah Burton holds the British Brand award on behalf of McQueen at the Fashion Awards 2016 in London, Britain December 5, 2016. REUTERS/Neil Hall/File Photo
FILE PHOTO: Sarah Burton holds the British Brand award on behalf of McQueen at the Fashion Awards 2016 in London, Britain December 5, 2016. REUTERS/Neil Hall/File Photo
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LVMH Names UK’s Sarah Burton Givenchy Creative Director

FILE PHOTO: Sarah Burton holds the British Brand award on behalf of McQueen at the Fashion Awards 2016 in London, Britain December 5, 2016. REUTERS/Neil Hall/File Photo
FILE PHOTO: Sarah Burton holds the British Brand award on behalf of McQueen at the Fashion Awards 2016 in London, Britain December 5, 2016. REUTERS/Neil Hall/File Photo

French luxury goods company LVMH named on Monday Sarah Burton, the longtime-Alexander McQueen designer behind the Princess of Wales' 2011 wedding dress, as the new creative director for its Givenchy label.
The choice of the seasoned British designer, who joins Givenchy after nearly three decades at rival Kering's Alexander McQueen label, signals a new aesthetic direction for the label, filling a role covered by design teams since the end of last year, Reuters reported.
Her predecessor, Matthew M. Williams left Givenchy in December after three years. Known for his streetwear approach, Williams had mixed hoodies into lineups of sharp tailoring on the Paris catwalk, and embellished bags and shoes with prominent zippers and extra straps.
Burton, a famously discrete designer with a loyal following and strong design credentials, is known for flattering, deconstructed styles at McQueen, and carrying on the legacy of the label's founder, Lee McQueen following his death.
She had worked alongside him for fourteen years before becoming creative director in 2010.
Kering late last year, as part of an expansion drive at McQueen led by CEO Gianfilippo Testa, replaced her with a relatively unknown designer, Sean McGirr.
Burton will present her first collection for Givenchy next March, LVMH said.
"The arrival of Sarah Burton as head of our creative design is a very exciting moment for Givenchy," Givenchy CEO Alessandro Valenti said in a statement.
"Her remarkable career path and creative vision have already won her a vast fan base, and we are certain that under her direction, Givenchy will continue to innovate and captivate an extensive audience across the world stage," he added.



UK's ASOS to Sell Topshop to New Joint Venture with Heartland

FILE PHOTO: New employees wait in the lobby on their first day of work at the ASOS headquarters in London April 1, 2014. REUTERS/Suzanne Plunkett/File Photo
FILE PHOTO: New employees wait in the lobby on their first day of work at the ASOS headquarters in London April 1, 2014. REUTERS/Suzanne Plunkett/File Photo
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UK's ASOS to Sell Topshop to New Joint Venture with Heartland

FILE PHOTO: New employees wait in the lobby on their first day of work at the ASOS headquarters in London April 1, 2014. REUTERS/Suzanne Plunkett/File Photo
FILE PHOTO: New employees wait in the lobby on their first day of work at the ASOS headquarters in London April 1, 2014. REUTERS/Suzanne Plunkett/File Photo

ASOS has agreed to sell its Topshop brand to a new joint venture to be formed with the holding company of Danish fashion store billionaire Anders Holch Povlsen, the British online retailer said on Thursday.
Shares in the company rose 10% in early trading.
Analysts see the sale as a positive for ASOS, which has been struggling with losses and faced intense competition in Europe from the likes of fast-fashion firm Shein.
The group also said it expects its annual sales to be slightly below its previous forecast, but guided adjusted core profit at the top end of market expectations.
ASOS said it expects to get about 118 million pounds ($155 million) in net proceeds from the sale of Topshop and Topman brands to a new joint venture formed with Povlsen's Heartland, which would own 75% of the new entity.
It would use the money to bolster its balance sheet.
A unit of ASOS will hold the remaining 25% of the joint venture.
Heartland, through its unit Bestseller which owns fashion retail brands Jack & Jones and Vero Moda, is the top shareholder in ASOS.
ASOS bought the Topshop brand in 2021 from the administrators of Philip Green's collapsed Arcadia group, along with its Topman, Miss Selfridge and HIIT brands for 265 million pounds.
Topshop set up a joint venture with upscale US department store operator Nordstrom in 2012 to grow in the United States. Nordstrom, which held a minority interest in Topshop, will continue to hold a minority stake as part of the new JV.