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The year was off to a dramatic start with the announcement in March that Paris designer Bouchra Jarrar had been named the new artistic director of Lanvin. Jarrar replaced Alber Elbaz, who had left the luxury fashion label under a cloud of controversy the previous October. YSL revealed in April that ex-Versus Versace creative director Anthony Vaccarello would be filling the position vacated by Hedi Slimane.
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Movers and shakers: the hottest fashion promotions of 2016
Supermodel Claudia Schiffer has launched a cashmere collection under the name Claudia Schiffer Knitwear with New York-based luxury ready-to-wear label TSE, following her previous spring 2016 and fall 2015 collaborations with the brand.
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Supermodel Claudia Schiffer unveils her fall cashmere collection
By Emma Thomasson BERLIN (Reuters) – Shares in German ecommerce investor Rocket Internet slid on Tuesday after it reported that revenue growth slowed sharply in the first quarter at most of its top start-ups as it took steps to try to reduce their losses. Rocket has pledged that the 1 billion euros ($1.12 billion)it burnt through in 2015 will mark a peak for losses and promises to make three start-ups profitable by the end of 2017. On Tuesday it reported progress towards that goal as the quarterly absolute loss at its main start-ups fell 23 percent on the previous year to 140 million euros.
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Rocket Internet’s sales growth slows as seeks to stem losses
