No brand is quite as smart at reinventing itself as Issey Miyake, who unveiled the latest chapter in its design history in Paris on Thursday – IM Men.
Staged in the 16th-century hospital Couvent des Cordeliers, the collection was entitled “To Wear A Piece of Cloth” and based on the idea that a piece of fabric holds immeasurable depth.
The cast marching around the space before two huge robots twisting and turning large black panels, to mimic the motion of the clothes.
Created by a new design trio of Yuki Itakura, Sen Kawahara and Nobutaka Kobayashi, the volumes and inventive materials were all very in synch with the aesthetics of the house’s late great founder Issey Miyake.
By far Japan’s best-known designer, in part because of a series of Suntory Whisky TV clips and ads that covered scores of billboards in Tokyo, Miyake always imparted a sense of grace to his clothes.
As did this collection, which opened with fashionable nomads, huge swathes and folds of cotton – elephantine dhotis, giant capes, exaggerated cowls, Jesuitical sleeves. In ecru, putty, and Jedi pale gray at first.
Mixed in wrapped up padded waistcoats, trenches cut with eight-inch-wide lapels, or urbanistic soutanes. The net assemblages should have been overpowering, but the trio are such smart cutters the clothes instead had great presence.
Then changing gears to the coolest of modern office gear – minimalist jerkins in treated cottons, or the softest suede baseball jackets over completely unadorned sweatpants and tops.
Before going all out with rhomboid zig zag pants with matching cocoon shearling jackets, finished with a white silk hunting stock.
Breaking new ground with a broken waffle weave tunics, leggings and boots. Totally perfect for your next cocktail party on desert planet Tatooine. And climaxing with a dozen characters in multi-functional cotton garb – for the Jedi after party; who unbuttoned jackets into large fabrics squares, and held them above their heads. Creating a nice draught as they ran around the catwalk.
Symbolically breathing fresh air into a Japanese institution that seems very much alive and well today.
Another day, another shopping centre delivering a “record-breaking” performance in 2024. This time it’s Gloucester Quays “capping off another year of considerable growth”, for the owner/operator Peel Retail & Leisure.
That included record Christmas trading at the key Gloucester mall, which helped overall sales for the year finish 6.7% ahead of the national average. Across November and December, retail sales grew 3.6% compared with 2023.
Looking at 2024 in total, an overall 7.4% year-on-year sales increase across its tenants was split between 6.1% for retail, and 8.5% for F&B.
But there was also double-digit growth from leading fashion, homewares, and outerwear brands including Next, Skechers, All Saints, Mountain Warehouse, Puma, Crew Clothing and Suit Direct.
It said sustained growth was seen across all categories “points to the increasing relevance of the Gloucester Quays experience”.
Paul Carter, asset director at Peel Retail & Leisure, added: “There have been various headlines this month about how challenged retail was around Christmas, so to have Gloucester Quays performing so well is a real credit to our team and our brands.
“These results also serve as a reminder of how relevant and in demand this outlet is. We have experienced consistent growth for several years, and that success can be put down to the quality of our offer and waterside environment. There is no doubt our catchment is responding to how we have evolved Gloucester Quays, as an urban outlet that combines a compelling shopping environment with dining and leisure to fit all tastes and needs, benefitting from a heritage waterside setting that few regionally can match.”
Italy’s Give Back Beauty, which makes perfumes for luxury brands such as Chopard and Zegna, on Friday said it had agreed to buy domestic rival AB Parfums to grow its distribution operations and add licensing deals.
Fragrances have been outperforming the broader beauty sector and Give Back Beauty founder and Chairman Corrado Brondi told Reuters his company did not rule a possible bourse listing in the future, adding it had no financial need for it at present.
Brondi said AB Parfumes had sales of around €100 million, which would add to Give Back Beauty’s net revenues that totalled around €300 million in 2024.
Give Back Beauty, which was founded in 2019 and has a distribution deal with Dolce & Gabbana and a beauty license with Tommy Hilfiger, has a core profit margin currently a little over 15%, it said.
AB Parfums is being sold by Italy’s Angelini Industries, a family-owned group that is mostly active in the pharmaceutical sector.
Give Back Beauty’s business is currently focused on fragrances, which represent roughly 70% of its revenues, but it aims to grow its skincare, make-up and haircare product lines, Brondi said.
German retail sales rose in 2024, but growth should be more modest this year due to the high level of uncertainty, according to retail association HDE.
Last year, retail sales rose 1.1% compared to the previous year in inflation-adjusted terms, official data showed on Friday. The HDE forecasts 0.5% growth in real terms this year.
“Consumption and the retail sector in Germany will not really gain momentum in 2025 either,” said HDE managing director Stefan Genth. “There is simply too much uncertainty,” he said. “Wars, high energy costs and overall economic stagnation are a toxic cocktail for consumption.”
In nominal terms, retail sales rose by 2.5% in 2024 and are expected to grow by 2.0% in 2025, according to HDE’s forecast.
The latest HDE survey with 700 retailers shows that 22% of respondents expect sales to increase this year, while almost half of them expect results to be below the previous year’s level.
In December, retail sales fell by 1.6% compared with the previous month, official data showed. Analysts had predicted a 0.2% increase.