Kering’s Gucci sales growth slows in first quarter, below expectations

April 21, 2016 By publisher

French luxury group Kering's flagship Gucci brand posted a lower-than-expected rise in first-quarter sales on Thursday amid a difficult environment for the luxury sector. Gucci posted 3.1 percent growth in comparable sales, below analysts' expectations of 5 to 6 percent and slowing from 4.8 percent growth in the last quarter of 2015. The luxury goods industry has had a difficult start to the year, partly due to the Chinese economic slowdown and a sharp drop in tourist traffic in shopping hotspots such as Paris, Milan, Hong Kong and Macau.

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Kering’s Gucci sales growth slows in first quarter, below expectations

Filed Under: Latest News Tagged With: below-analysts, brand-posted, chinese, difficult-start, fiumicino, luxury-goods, luxury-group, paris, sharp-drop, such-as-paris, thursday, tourist-traffic, year

Karl Lagerfeld’s photography career to go on display at Pitti Uomo

April 21, 2016 By admin

Karl Lagerfeld is set to be the center of attention during Pitti Immagine Uomo 90 this year, starring in a new photography exhibition. Titled “Karl Lagerfeld: Visions of Fashion”, the exhibition will explore the prolific fashion designer's lesser-known photographic career, as well as presenting some never-before-shown images. The show will celebrate Lagerfeld's photographic oeuvre, from snapshots and fashion shoots published in the world's most important fashion magazines to others inspired by classical mythology, created using a variety of techniques.

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Karl Lagerfeld’s photography career to go on display at Pitti Uomo

Filed Under: Latest News Tagged With: below-analysts, difficult-start, exhibition, lagerfeld, new-photography, others-inspired, presenting-some, the-prolific, year