Emily Yu, a longtime Beijing-based lingerie designer, has devoted some five years to developing bras and prostheses for women who have had a mastectomy – hoping her products will help them regain confidence.
Reuters
The founder of Ginger Ah, China’s first lingerie brand to develop both bras and the artificial breasts, says they struggle to fit comfortably into clothing post-surgery.
A typical prosthesis shifts around in a bra and sometimes comes out, Yu said, adding that artificial breasts made from silicone are also heavy and can irritate the skin.
Yu has patented a foam prosthesis which comes in three sizes and two colours and fit into pockets in the company’s bras.
Other design considerations include bra straps that can be adjusted from the front as post-mastectomy women can experience restrictions in arm movement.
Making the designs attractive was also paramount.
“Another thing breast cancer survivors want is beautiful underwear, they don’t want the ugly ones on the market… which are plain with just a hole for a prosthesis,” Yu said. “So they don’t want that, because they are originally a very beautiful person.”
More than 350,000 women in China are diagnosed with breast cancer annually.
Approached by a surgeon in 2019 who was seeking comfortable options for breast cancer patients, Yu was struck by the gap in the market. The issue became personal when Yu’s best friend was diagnosed with breast cancer shortly after.
The friend became Ginger Ah’s first product tester and the company’s first products hit the market in 2021.
Since launching, Ginger Ah has sold over 12,500 bras.
Global lingerie giants including Cosabella and Victoria’s Secret have also begun offering post-mastectomy bras in recent years.
Yu recalls the first time she did a fitting at her home in Beijing, one woman hugged her and then burst into tears.
“I only learned later, for breast cancer patients, hugging from the front is difficult because they feel insecure,” Yu said.
“I hope one day each of them will have the courage and comfort to do a head-on hug. At that point, I think we’ll have really succeeded.”
After a period of well-publicised expansion comes a period of consolidation for Beaverbrooks. The UK family jewellery/watch retailer has said it will close seven UK stores in March and April following a performance review by senior management.
Beaverbrooks
It will bring its store count down to 82 showrooms.
Earmarked for closure are units in East Kilbride and Dundee, Scotland (16 March), following by Birmingham Fort and High Wycombe (23 March), Huddersfield (5 April), and Croydon and Sutton Coldfield (6 April).
Each has been deemed “no longer commercially viable” by the retailer.
However, on the flip-side, it said there are plans to open a new store in Harrogate in the spring “to accommodate consumer demand [there]”. Also, a scheduled number of branches earmarked for renovation will go ahead in the coming year.
On the impending redundancies, Anna Blackburn, managing director of Beaverbrooks, told The Sun newspaper: “We aim to retain as many colleagues as possible within other Beaverbooks stores or the wider business, and are working closely with each individual affected to provide them with other options for their specific needs, supporting them with their next steps whatever they may be.”
However, there was no mention of whether the current crop of closures will be Beaverbrooks’ last.
According to its most recent financial report for the 53-week period ended 2 March 2024, profits had fallen “considerably” with the accompanying Companies House statement in September saying: “Despite increasing turnover and market share, profitability for the period was reduced considerably which reflects significant and broad increases in costs.”
It added: “We have also continued to invest in our core infrastructure (people, property, and systems) to protect and strengthen the business for future growth. As a result depreciation has also risen reflecting the high levels of investment in recent years.”
Salvatore Ferragamo on Thursday reported that its adjusted operating profit had more than halved last year, as the Italian luxury leather goods group seeks a new boss to replace departing chief executive Marco Gobbetti.
The company cited a slowdown in Asian markets, with a particularly difficult environment in China, and a challenging global wholesale environment in its earnings statement.
“Considering the uncertainties over demand by luxury consumers, we remain cautious on short-term expectations,” it said, indicating there would be no immediate turnaround.
As announced last month, the company said that its CEO Gobbetti had stepped down on Thursday after little over three years in charge, during which time the former Burberry chief failed to stem a slide in sales at the Florentine brand.
Chairman Leonardo Ferragamo told financial analysts that designer Maximilian Davis had his full support. Davis was hired as creative director in 2022 shortly after Gobbetti took charge of the company.
The chairman also said the family of late founder Salvatore Ferragamo remained committed to the company.
Adjusted earning before interest and taxes (EBIT) dropped to 35 million euros, better than a LSEG analysts consensus, after the company last year warned it expected EBIT of around 30 million euros. The comparable figure in 2023 was 79 million euros.
The group reported a net loss of 68 million euros in 2024 from a profit of 26 million euros a year earlier.
Ferragamo’s revenues declined 4% at constant currencies in the fourth quarter. In January the group flagged “encouraging results” from its direct-to-consumer sales which were overall flat in the last three months of the year.
Italian footwear brand Geox has reported a revenue of €664 million for fiscal 2024, equivalent to a 7.8% downturn compared to 2023 (and a 7.1% drop at constant exchange rates). The result was chiefly caused by Geox’s sub-par performance in multibrand retail and franchised stores.
Geox
The group recorded a loss of €17.3 million, greater than the €6.5 million loss posted in 2023. EBITDA was €76.3 million (equivalent to 11.5% of revenue), compared to €89 million the previous year. Geox’s adjusted net income was €8.8 million, down from the €15.6 million generated in 2023.
The forecast for 2025 is a low-single-digit revenue drop and an operating margin decline of approximately 80 basis points. Geox stated in a press release that the forecast is subject to “a high degree of uncertainty, given the current macroeconomic and geopolitical context.”
In Q4 2024, Geox performed slightly better than the previous year, recording a revenue of €138 million (up 0.5% at current exchange rates).
“2024 proved to be a complex year for the group, marked by the persistence of tough market conditions which have affected company performance and sales volumes,” said CEO Enrico Mistron.
Geox’s new 2025-2029 business plan is a “crucial step, as it sets out the growth guidelines for the next five years. Our strategy is based on three mainstays: Innovation, style and sustainability,” concluded Mistron.