The owner of the Donna Karan brand reported a 28.3% rise in first-quarter net sales on Monday and provided a hopeful financial outlook for the full fiscal year, reflecting improving trends for lifestyle apparel.
British designer Paul Andrew, head of all collections at Florentine luxury brand Salvatore Ferragamo since 2019, will leave his role at the business in May. The brand’s in-house team will take over his responsibilities.
The NYC-based owner of brands including DKNY and Donna Karan reported net sales of $2.06 billion for the fiscal year ended January 31, 2021, on Thursday, a decrease of 35.0% from $3.16 billion in the previous year.
No one could fault the latest crop of designer showing, in New York, for effort. In a busy Monday, with almost 30 collections, their arty videos and polished ideas were a reminder of how hard people have been working.
John Lewis on Tuesday unveiled a big expansion of its fashion and beauty offer and the fashion labels it’s adding are designed to reflect the casualisation trend that has only accelerated in the past year.