Faux Fur, Hot Water Bottles at Burberry’s New London Show

A model wears a creation for the Burberry Autumn/Winter 2023 fashion collection presented in London, Monday, Feb. 20, 2023. (AP)
A model wears a creation for the Burberry Autumn/Winter 2023 fashion collection presented in London, Monday, Feb. 20, 2023. (AP)
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Faux Fur, Hot Water Bottles at Burberry’s New London Show

A model wears a creation for the Burberry Autumn/Winter 2023 fashion collection presented in London, Monday, Feb. 20, 2023. (AP)
A model wears a creation for the Burberry Autumn/Winter 2023 fashion collection presented in London, Monday, Feb. 20, 2023. (AP)

British luxury brand Burberry unveiled its first catwalk show under new creative director Daniel Lee at London Fashion Week on Monday — and there wasn’t a beige trench coat in sight.

The heritage brand is best known for its elegant, functional trench coats invented during World War I. But Lee, who joined Burberry in September, took the fashion house in a brand-new direction with a debut collection featuring faux fur and feathers, slogan T-shirts and playful duck prints.

The 37-year-old British designer was credited with revitalizing Italian luxury brand Bottega Veneta with hugely popular accessories like shoes and handbags during his tenure there, and many in the fashion industry were keen to know if he could work the same magic at Burberry.

Burberry CEO Jonathan Akeroyd said last year that he was banking on Lee’s flair to significantly grow the brand’s accessories sales and “dial up on Britishness in a modern way.”

At Monday’s show, the brand’s signature check pattern appeared in purple, bottle green and maroon on everything from men’s suits to knitwear, skirts, tights and woolly scarves.

Lee seemed to underline a theme of coziness in the face of British weather: One model was draped in a large white blanket emblazoned with the brand’s heritage equestrian knight design, and many of the models clutched hot water bottles with a check print that matched their outfits. Dramatic, oversized faux fur hats and bags adorned with feathers and fur also featured prominently.

Male models wore low-slung, baggy trousers worn with skin-tight polo neck tops, and silver chains and hardware, paired with a red and black palette, hinted at a punk-inspired aesthetic. But there were humorous touches, too, such as a woolly trapper hat topped with a knitted duck head.

The show drew celebrities including film director Baz Luhrmann, rapper Stormzy and models Naomi Campbell and Rosie Huntington-Whiteley to its front row.

Burberry is traditionally the biggest draw at London Fashion Week, which also showcases catwalk shows by designers including Christopher Kane, Erdem, Emilia Wickstead and Roksanda Ilincic.

The London displays wrap up on Tuesday, when the fashion crowd decamps to Milan Fashion Week for more new season runway shows.



Kering Posts 11% Drop in Q2 Sales, Sees Weak Second Half

The logo of luxury brand Gucci is seen in Tokyo on June 22, 2021. (AFP)
The logo of luxury brand Gucci is seen in Tokyo on June 22, 2021. (AFP)
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Kering Posts 11% Drop in Q2 Sales, Sees Weak Second Half

The logo of luxury brand Gucci is seen in Tokyo on June 22, 2021. (AFP)
The logo of luxury brand Gucci is seen in Tokyo on June 22, 2021. (AFP)

Kering reported a bigger-than-expected drop in second-quarter sales and forecast a weak second half, as the French luxury group struggles to revive its key label Gucci and worries grow about a prolonged downturn in high-end spending.

Sales at the French luxury group which owns labels Gucci, Boucheron and Balenciaga, fell to 4.5 billion euros ($4.9 billion), an 11% drop on an organic basis, which strips out currency effects and acquisitions.

The figure was below analyst expectations for a 9% drop, according to a Visible Alpha consensus.

It also said second-half operating income could fall by around 30%, following a 42% drop in the first half.

Sales at Gucci fell 19%, showing no improvement from the first quarter, and below analyst expectations for a 16% decline, according to a Visible Alpha consensus.

Kering has been revamping Gucci, the century-old Italian fashion house which accounts for half of group sales and two-thirds of profit.

Minimalist designs from new creative director Sabato de Sarno, which began trickling into stores earlier this year, are key to the design reset and push upmarket, in a bid to cater to wealthier clients who are more immune to economic headwinds.

Kering chief financial officer Armelle Poulou told reporters that the designs had been well received and the rollout was on track.

But the efforts have been complicated by a downturn in the global luxury market, while China's rebound - traditionally Gucci's most coveted market - was clouded by a property crisis and high youth unemployment as Western markets came down from a post-pandemic splurge.

Earnings from sector bellwether LVMH on Tuesday missed expectations as sales rose 1%, offering few signs that a pickup is around the corner, sending shares in luxury goods companies down on Wednesday. Kering traded at its lowest level since 2017.