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Kim Jones Named as Designer by Fendi

Model Gigi Hadid presents a creation from Fendi’s collection in Milan, Italy. Reuters file photo
Model Gigi Hadid presents a creation from Fendi’s collection in Milan, Italy. Reuters file photo
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Kim Jones Named as Designer by Fendi

Model Gigi Hadid presents a creation from Fendi’s collection in Milan, Italy. Reuters file photo
Model Gigi Hadid presents a creation from Fendi’s collection in Milan, Italy. Reuters file photo

British designer Kim Jones is to join Italian fashion house Fendi as its lead designer for womenswear while retaining his job as artistic director for Dior, Fendi announced on Wednesday.

Jones, 46, will succeed the late Karl Lagerfeld who was responsible for Fendi womenswear until his death in 2019.

Silvia Venturini Fendi, from the Fendi family, will continue with responsibility for menswear and accessories, the statement from Fendi and parent company LVMH said.

"Kim Jones is a great talent and since joining, he has continuously proven his ability to adapt to the codes and heritage of the LVMH houses while revisiting them with great modernity and audacity," LVMH chief Bernard Arnault said.

Jones, who has already worked on menswear at Louis Vuitton, has been chief designer at Dior since March 2018.

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Zara Owner Inditex Reports Weaker Than Expected First-quarter Sales

A woman carries a bag from Spanish multinational retail clothing chain Zara, the flagship brand of the Inditex clothing company, in the Gran Via of Bilbao, Spain, March 12, 2024. (Reuters)
A woman carries a bag from Spanish multinational retail clothing chain Zara, the flagship brand of the Inditex clothing company, in the Gran Via of Bilbao, Spain, March 12, 2024. (Reuters)
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Zara Owner Inditex Reports Weaker Than Expected First-quarter Sales

A woman carries a bag from Spanish multinational retail clothing chain Zara, the flagship brand of the Inditex clothing company, in the Gran Via of Bilbao, Spain, March 12, 2024. (Reuters)
A woman carries a bag from Spanish multinational retail clothing chain Zara, the flagship brand of the Inditex clothing company, in the Gran Via of Bilbao, Spain, March 12, 2024. (Reuters)

Zara owner Inditex missed expectations for its first-quarter sales on Wednesday, adding to doubts about the ability of the fast-fashion retailer to keep delivering strong sales growth in an uncertain economic environment.

Inditex also reported a slower start to its summer sales, with revenue growth of 6% from May 1 to June 9, compared to a 12% growth in the same period a year ago, Reuters said.

The company reported revenues of 8.27 billion euros ($9.44 billion) for its first quarter ending April 30, missing analysts' average estimate of 8.36 billion euros, according to an LSEG poll.

Fears of resurgent inflation and an economic slowdown triggered by tariffs have already dampened consumers' enthusiasm for shopping in the United States and elsewhere.

Cooler weather in Spain, which accounts for 15% of Inditex's global sales, has also probably hurt the retailer's performance, according to Bernstein analysts.