Chanel gives up exotic skins, Fortnum & Mason sees turnover increase, Loewe inaugurates its concept store in London and the other news of the day.
Chanel gives up exotic skin
Chanel announces that it will no longer use crocodiles, lizards, snakes or stingrays its creations. This decision related to procurement ethics is a well-considered and important decision in the fashion industry.
Bruno Pavlovsky, the brand’s president of fashion activities, announced the removal of exotic skins from the collections and therefore of its leather goods.
“At Chanel, we continuously evaluate our supply chains to ensure that they meet our ethical and traceability requirements. However, it is becoming increasingly difficult for us to obtain exotic skins – crocodile, lizard, snake and stingray – that meet our ethical requirements. …] Although we receive many orders for these bags, which we call “Collector” at home, we choose to stop this type of skin. Today, an exotic bag owes its value essentially to its raw material and little by hand. We will focus on creation, a lot of know-how, finishing, to obtain exceptional objects from noble materials whose sourcing we completely master.”
Fortnum & mason sees turnover increase
London’s luxury department store Fortnum & Mason reported double-digit growth for the sixth consecutive year, driven by demand from foreign and domestic customers. Profits jumped 26% to £9.6 million.
The retailer added that the products have been delivered to a record 125 countries around the world.
On the other hand, the retailer’s travel terminals at St Pancras International Station and Heathrow Airport Terminal 5 recorded a 12% increase in sales.
Last year, Fortnum & Mason opened retail spaces in Shinsegae Gyong-Gi and Shinsegae Gangnam in South Korea.
“By being true to our heritage and pedigree, by focusing on creating extraordinary products and exceptional service, and by delivering our world-class products to customers around the world, I am pleased that we are able to meet the growing demand for quality and impeccably supplied products. I am particularly pleased with the increase in sales in Southeast Asia and have high hopes for our two new spaces in South Korea,” said Ewan Venters, Managing Director of Fortnum & Mason.
Loewe declines its concept store in London
Loewe, the LVMH Group’s brand, will inaugurate its new “Casa Loewe” at number 41 on New Bond Street in March 2019.
After establishing its concept store with a complete universe, in Madrid and Tokyo, it is London’s turn to welcome “Casa Loewe”. Designed by the brand’s creative director, Jonathan Anderson, between exhibitions of contemporary art and spaces dedicated to the history of the house or even to the art of floral arrangements, this 500m2 space in one of the British capital’s luxury commercial arteries will be the brand’s emblem across the Atlantic.
Gucci opens a bookshop
Gucci Wooster, the experimental store based in the Soho district of New York, now offers its own bookstore.
With 2000 books on offer, the Gucci bookshop ventures into the avant-garde, mainly through photography and art books. With prices from $20 to $1,000.
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