Burberry Set for 'Britishness' Refocus at London Fashion Week

Burberry Set for 'Britishness' Refocus at London Fashion Week
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Burberry Set for 'Britishness' Refocus at London Fashion Week

Burberry Set for 'Britishness' Refocus at London Fashion Week

London fashion week kicks off Friday with Daniel Lee's debut as Burberry creative director among the highlights, as the brand looks set to return to its British roots.

The five-day event is dedicated to Vivienne Westwood, the doyenne of British design, who died in December aged 81, AFP said.

"Her work not only changed the fashion industry, giving birth to and defining punk, but it also drove positive change globally," the British Fashion Council said in a statement.

London fashion week will feature 47 catwalk shows and a host of other events as well as playing host to Ukrainian fashion week, displaced by the ongoing conflict.

Three Ukrainian designers -- Frolov, Ksenia Schnaider and Paskal -- will show their works as part of the Support Ukrainian Fashion initiative.

New names on the schedule for the digital/physical hybrid event include Noon By Noor, Perte D'Ego, Sinead Gorey, Talia Byre and Tove.

Ahead of Lee's Burberry debut on Monday, fashion watchers have already picked up strong hints about where he intends to take the brand.

Lee, the former creative director of Bottega Veneta, took over from Italian designer Riccardo Tisci in October 2022.

- Iconic logo returns -
In a teaser released earlier this month, his first creative campaign features a cast of British talent including Lennon Gallagher, Raheem Sterling, Liberty Ross, rapper Shygirl and Vanessa Redgrave -- along with South Korean actress Jun Ji-hyun -- shot in Trafalgar Square and on Albert Bridge.

Although the advertisements featured existing products not designed by Lee, they appear to give a clear indication of his intention to put the emphasis firmly back on the brand's British heritage.

Burberry's iconic equestrian knight logo has also made a comeback, having been ditched by Tisci in 2018.

Another highlight of the autumn/winter 2023 collections will be Moncler Genius's debut, which will go up against Burberry on Monday.

The Art of Genius 2023 will be a "live show on a grand scale", aiming to go "beyond fashion" through an exploration of the power of collaboration across the creative industries, according to the brand.

The line-up will include previous friends and collaborators such as Alicia Keys, Rick Owens and Pharrell Williams.

"It feels like a huge relief to be able to hold London fashion week again," British Fashion Council head Caroline Rush told AFP.

September's event had to be largely scaled back due to the death of Queen Elizabeth II, just as the fashion world was getting back on its feet after the pandemic.

Paying tribute to Westwood, Rush said she "in many ways encapsulated what people think of when they think of British fashion -- that creative freedom, the ability to really challenge societal norms".

- 'Enormous legacy' -
Rush said a memorial service for Westwood on Thursday -- attended by a host of famous faces from Kate Moss to Victoria Beckham -- had been a chance to remember her not just for her "brilliant designs" but also for her activism.

"She has an enormous legacy... It's hard to believe that she is no longer with us," she said.

"But I think there is a sense that her spirit lives on through the creativity of the many young designers who were inspired by her."



Cartier Owner Richemont Beats Sales Forecasts as China Recovery Continues

The Swiss-based company said sales in its fourth quarter to end-March rose to 5.17 billion euros ($5.80 billion). (AFP)
The Swiss-based company said sales in its fourth quarter to end-March rose to 5.17 billion euros ($5.80 billion). (AFP)
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Cartier Owner Richemont Beats Sales Forecasts as China Recovery Continues

The Swiss-based company said sales in its fourth quarter to end-March rose to 5.17 billion euros ($5.80 billion). (AFP)
The Swiss-based company said sales in its fourth quarter to end-March rose to 5.17 billion euros ($5.80 billion). (AFP)

Cartier owner Richemont reported sales ahead of market expectations on Thursday, buoyed by strong global demand for jewelry and a continued recovery in greater China, its second-biggest market and a bellwether for the luxury sector.

The Swiss company's shares rose 3% on the reading with investors looking for signs the luxury goods industry can return to stable growth in a year already marked by geopolitical turmoil and the bankruptcy of one of the sector's largest retail groups, Saks Global.

The world's second-largest luxury company, which also owns Van Cleef & Arpels and Buccellati, said sales in its September-to-December third quarter rose to 6.4 billion euros ($7.45 billion), a 4% year-on-year increase in reported currencies.

That beats an analyst consensus of 6.28 billion euros cited by Visible Alpha and represents an ‌11% increase when ‌measured in constant currencies, Reuters said.

Richemont's trading update provides the first clues on demand for ‌luxury ⁠goods going into ‌2026. LVMH is due to report its annual results later this month, followed by Hermes and Gucci-owner Kering in February. Smaller Italian cashmere brand Brunello Cucinelli was the first luxury brand to report quarterly sales this week.

Shares of sector peers, including watch company Swatch and Birkin-bag maker Hermes, rose in early trade following Richemont's results announcement.

CHINESE MARKET CONTINUES GROWTH REBOUND

Richemont highlighted continued improvement in China, Hong Kong and Macau, where its sales rose by 2%. China accounts for just under 20% of the company's sales, according to a Bank Vontobel estimate, ranking second behind the United States.

The greater China performance "mostly led by ⁠solid activity in Hong Kong" was the second quarter in a row that Richemont has reported improved sales in the region, following a 7% rise ‌in the previous three months.

China has been luxury's main growth engine in ‍recent years, but has been struggling with a sticky ‍real estate crisis and a shift in consumer appetite that have weighed on demand for Western brands.

Richemont's reported ‍trends from China "may be regarded as a pivotal moment", RBC analyst Piral Dadhania said in a note, adding that its performance is a positive signal for the wider luxury sector.

Demand in China, where most European houses saw their sales decline heavily last year, is seen as a decisive factor for the luxury industry to return to sustained growth.

"The Chinese consumer holds the key to luxury and is thus the critical sector theme for 2026," Berenberg analyst Nick Anderson said in a recent note to clients.

JEWELLERY UP BUT GOLD PRICES, STRONG FRANC PRESSURE MARGINS

Following two ⁠years of stagnation, analysts are beginning to turn more optimistic on the $400 billion luxury industry, with jewelry seen as a critical growth driver since inflation-wary shoppers view it as an investment rather than a mere treat.

Richemont's jewelry sales were up 14% helped by the launch of novelty items such as bracelets and pendants, which tended to be slightly cheaper and were popular during the gifting season.

"Jewelry is in strong shape, and Richemont dominates it with its brands," Bernstein analysts said.

The company's watchmaking business, which includes the IWC and Jaeger-LeCoultre brands, lifted sales by 7%.

Pressures on Richemont's margins due to record-high gold prices and the strong Swiss franc, however, will likely persist and could impact the group's profit outlook for the next business year if not countered by more price increases, analysts from Deutsche Bank said.

A company spokesperson declined to comment on the bankruptcy of Saks Global, the owner of US department stores Saks Fifth Avenue, Bergdorf Goodman and Neiman Marcus.

Richemont ‌is among the retailer's top unsecured creditors. Saks owes about $3.4 billion to creditors, while claims by the top 30 unsecured creditors are worth a total of $712 million, bankruptcy filings show.


Globes Red Carpet: Chic Black, Elegant Dresses and a Bit of Politics

Ariana Grande is a nominee for her turn as Glinda in 'Wicked: For Good'. Frederic J. Brown / AFP
Ariana Grande is a nominee for her turn as Glinda in 'Wicked: For Good'. Frederic J. Brown / AFP
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Globes Red Carpet: Chic Black, Elegant Dresses and a Bit of Politics

Ariana Grande is a nominee for her turn as Glinda in 'Wicked: For Good'. Frederic J. Brown / AFP
Ariana Grande is a nominee for her turn as Glinda in 'Wicked: For Good'. Frederic J. Brown / AFP

Hollywood's top stars hit the red carpet on Sunday for the Golden Globes, the first major event on the road to the Oscars, and they delivered lots of old-school glamour.

Here is a glance at some of the looks seen at the Beverly Hilton Hotel:

Ever-chic black

Selena Gomez is a newlywed and her happiness shows. The best comedy actress nominee for her work on "Only Murders in the Building" radiated joy as she arrived on the arm of her husband Benny Blanco.

She oozed sophistication in a black Chanel column gown with a frothy white feathered strapless neckline, her black bob swept into soft waves.

Gomez was not alone in striking an understated pose, with lots of stars opting for black or dark, wintry hues.

Teyana Taylor, a winner for her searing turn as a leftist revolutionary in hotly-tipped film "One Battle After Another," scorched the carpet in a cut-out backless black Schiaparelli gown with a halter neckline -- and a cheeky crystal bow on her backside.

Ariana Grande ("Wicked: For Good"), who competed with Taylor for the award for best supporting actress, turned heads in a black textured Vivienne Westwood ballgown with an asymmetrical neckline and a bubble silhouette before trailing to the floor.

Her hair was swept into her signature ponytail, and she kept the jewelry simple with a diamond choker.

Amy Madigan, also in their category for her villainous turn in "Weapons," went for a tuxedo look with cropped pants and patent leather boots.

Nominee Jenna Ortega embraced the goth chic of her title character in "Wednesday" in a black high-neck Dilara Findikoglu gown with glittering epaulets and cut-offs that revealed a bit of side boob... and part of her hip bone.

Among the male stars in attendance, Colman Domingo was as usual a standout, wearing head-to-toe black Valentino, with silvery appliques scattered from his left shoulder down his lapel to his waist.

Jennifer Lopez is no stranger to strong fashion statements. Her plunging green Versace gown at the Grammys in 2000 is still a reference for winning the red carpet by adopting the "less is more" rule.

On Sunday, Lopez -- whose turn in "Kiss of the Spider Woman" was overlooked by Globes voters -- wore a figure-hugging sheer gown with bronze patterns snaking over her body, ending in a mermaid fishtail.

Jennifer Lawrence --nominated for best drama actress in a film for "Die My Love" -- got the memo as well, rocking a barely-there sheer nude Givenchy gown with only a smattering of strategically placed flowers.

- Stars slam deadly ICE shooting -

Hollywood never quite has a night out without a bit of politics coming into play.

On Sunday, some of the stars including nominee Mark Ruffalo wore pins with the messages "BE GOOD" -- a reference to Renee Good, the Minneapolis woman who was shot and killed by a federal immigration agent.

Comedian Wanda Sykes wore the same pin on her lapel, while actress Natasha Lyonne, a nominee for her TV show "Poker Face," attached one to her clutch handbag.

The campaign is endorsed by the American Civil Liberties Union (ACLU), one of the country's most prominent civil rights organizations.

 


UK's Next Edges Up Profit Outlook after Christmas Sales Beat Expectations

FILE PHOTO: Shoppers walk past a NEXT retail store on Oxford Street in London, Britain, December 28, 2025. REUTERS/Isabel Infante/File Photo
FILE PHOTO: Shoppers walk past a NEXT retail store on Oxford Street in London, Britain, December 28, 2025. REUTERS/Isabel Infante/File Photo
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UK's Next Edges Up Profit Outlook after Christmas Sales Beat Expectations

FILE PHOTO: Shoppers walk past a NEXT retail store on Oxford Street in London, Britain, December 28, 2025. REUTERS/Isabel Infante/File Photo
FILE PHOTO: Shoppers walk past a NEXT retail store on Oxford Street in London, Britain, December 28, 2025. REUTERS/Isabel Infante/File Photo

British fashion retailer Next on Tuesday reported a better-than-expected 10.6% increase in full-price sales for the nine weeks to December 27 and edged up its annual profit guidance for the fifth time over the last year.

Subdued UK ⁠consumer confidence ahead of Christmas coupled with unseasonably mild weather had left analysts cautious about clothing retailers' festive trading prospects.

However, Next reported a 5.9% increase in UK ⁠sales year-on-year, with international sales up 38.3%.

According to Reuters, the group said it now expected to report a pretax profit of 1.15 billion pounds ($1.56 billion) for its year to January 2026, up from previous guidance of 1.135 billion pounds and the 1.011 billion pounds it made in ⁠2024/25 when it breached the 1 billion pounds mark for the first time.

Next forecast a further 4.5% increase in profit to 1.202 billion pounds for its 2026/27 year, on full-price sales up 4.5%.

Shares in Next have risen 43% over the last year.