LVMH Brand Loewe Names 2 Creative Directors to Replace Anderson

FILE PHOTO: A sign on the exterior of a Loewe luxury boutique operated by LVMH Moet Hennessy Louis SE is pictured in Paris, France, January 25, 2024. REUTERS/Benoit Tessier/File Photo
FILE PHOTO: A sign on the exterior of a Loewe luxury boutique operated by LVMH Moet Hennessy Louis SE is pictured in Paris, France, January 25, 2024. REUTERS/Benoit Tessier/File Photo
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LVMH Brand Loewe Names 2 Creative Directors to Replace Anderson

FILE PHOTO: A sign on the exterior of a Loewe luxury boutique operated by LVMH Moet Hennessy Louis SE is pictured in Paris, France, January 25, 2024. REUTERS/Benoit Tessier/File Photo
FILE PHOTO: A sign on the exterior of a Loewe luxury boutique operated by LVMH Moet Hennessy Louis SE is pictured in Paris, France, January 25, 2024. REUTERS/Benoit Tessier/File Photo

LVMH label Loewe said on Monday that Jack McCollough and Lazaro Hernandez, the co-founders behind the New York fashion label Proenza Schouler, were appointed as the creative directors of the Spanish luxury house, effective April 7.
They will replace creative director Jonathan Anderson who recently left Loewe after 11 years in the role, Reuters reported.
"Jack McCollough and Lazaro Hernandez will have the entire creative responsibility of all Loewe collections across womenswear, menswear, leather goods and accessories," the statement said.
After first meeting at the Parsons School of Design, McCollough and Hernandez founded Proenza Schouler two decades ago.



Adidas Posts Forecast-Beating Quarterly Profit on Strong Sneaker Demand

Adidas products are displayed at the company headquarters in Herzogenaurach, Germany March 5, 2025. (Reuters)
Adidas products are displayed at the company headquarters in Herzogenaurach, Germany March 5, 2025. (Reuters)
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Adidas Posts Forecast-Beating Quarterly Profit on Strong Sneaker Demand

Adidas products are displayed at the company headquarters in Herzogenaurach, Germany March 5, 2025. (Reuters)
Adidas products are displayed at the company headquarters in Herzogenaurach, Germany March 5, 2025. (Reuters)

German sportswear and apparel maker Adidas on Wednesday reported first-quarter sales and profit above expectations, citing growth across all its markets and channels.

First-quarter operating profit jumped 82% to 610 million euros ($692 million), the group said, resulting in a margin of 9.9%. Analysts, in a company-provided consensus, had expected a margin of 8.9% and profit of 546 million euros.

The success of sneakers including Samba and Gazelle has helped Adidas gain further market share from US rival Nike as well as maintain a competitive advantage over newer sportswear brands like On Running and Hoka in uncertain times.

Chief Executive Bjorn Gulden has turned Adidas around since the brand cut ties with rapper Ye and scrapped its lucrative Yeezy sneaker line in October 2022, with the last Yeezy inventories sold at the end of 2024.

First-quarter sales rose 13% to 6.15 billion euros, also higher than the 6.095 billion consensus, Adidas said, adding that excluding sales from the Yeezy line a year earlier quarterly revenue of the Adidas brand was up 17%.

Frankfurt-listed shares in Adidas, which is scheduled to release final first-quarter results on April 29, were 6.2% higher at 1702 GMT.