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Galderma to discuss U.S. tariffs with retailers, sees “moving target”

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March 6, 2025

Swiss skincare company Galderma will talk to major American retailers about trade tariffs imposed by the U.S. government in order to manage their impact, CEO Flemming Ornskov said on Thursday.

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U.S. President Donald Trump this week slapped tariffs of 25% on Canada and Mexico, though his administration later said it would temporarily exempt automakers and consider other products.

“We will be talking to Walmart, Target, Amazon, and others to figure out how we’re going to react to this, also price-wise,” Ornskov told Reuters after Galderma posted a 9.3% sales increase for 2024 and net income of $231 million.

He described tariffs as “a bit of a moving target,” noting that their scope could still be altered.
Ornskov said his company had already taken “precautions on stock and other things” in the U.S. to mitigate the impact on Galderma, which has major production operations in Canada.

“Another way of compensating this would be just to drive more volume with your product,” he said.
Galderma’s net U.S. sales were flat in 2024 on the year and fell in the final quarter. Ornskov said there were specific factors behind that and was confident U.S. sales would grow in 2025.

Trump has also threatened to impose tariffs on Europe.

As most aesthetic companies produce in Europe, they and Galderma would be affected, Ornskov said.

Galderma’s results come almost a year after it listed on the Swiss stock exchange. Its share price has since doubled from its initial launch price, though the stock fell by as much as 9% on Thursday before paring losses.

© Thomson Reuters 2025 All rights reserved.



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Rebag expands outlet presence with two new locations in 2025

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Luxury resale platform Rebag is expanding its retail footprint with the launch of two new outlet stores in 2025. 

Rebag expands outlet presence with two new locations in 2025. – Rebag

Rebag is set to open locations at Las Vegas Premium Outlets on March 17, and Desert Hills Premium Outlets in Cabazon, California, on April 4.

The move follows Rebag’s foray into outlet, which began in 2022 with the launch of its store at Sawgrass Mills, in Florida, the largest single-story outlet mall in the U.S., drawing over 21 million visitors annually. 

Rebag’s current outlet store portfolio, including its Sawgrass Mills location, has experienced over 30% year-over-year growth, demonstrating the strong alignment between its curated luxury resale model and the in-person shopping experience. Rebag also has retail locations in New York and Los Angeles.

“Expanding our outlet portfolio is a strategic move that aligns with our mission to make luxury resale more accessible and convenient for our customers” said Charles Gorra, founder and CEO of Rebag.

“The impressive growth of our current store portfolio demonstrates the power of retail outlets and the growing interest in pre-loved luxury goods.”

Most recently, Rebag also partnered with Bloomingdale’s, to introduce a curated selection of over 2,500 designer handbags, watches, and jewelry to Bloomingdales.com and over 500 items in five select Bloomingdale’s stores nationwide.

Moreover, Rebag has expanded its reach through a strategic collaboration with Walmart, offering high-quality pre-owned luxury goods online and in five Walmart locations nationwide.

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CH Carolina Herrera opens new boutique in Las Vegas

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CH Carolina Herrera, the lifestyle brand of Carolina Herrera, founded in 2001, announced on Thursday the opening of its newest boutique at The Forum Shops at Caesars, in Las Vegas. 

CH Carolina Herrera opens new boutique in Las Vegas – CH Carolina Herrera

The boutique, set to open at the end of March, will offer a luxurious shopping experience that combines the brand’s signature blend of elegance and sophistication, with the vibrant energy of Las Vegas.

It will house a curated selection of leather goods and accessories, as well as women’s, men’s, and children’s ready-to-wear collections, which customers can explore in an inviting and intimate space.

For a more personalized service, appointments can be booked by phone.

The store will be open seven days a week, with hours from 10 AM to 9 PM Sunday through Thursday, and extended hours until 10 PM on Fridays and Saturdays.

Last month, the New York-based brand staged its fall 2025 collection show looking over Central Park, as part of New York Fashion Week.

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Viktor & Rolf returns to ready-to-wear with fall/winter 2025 collection

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Viktor & Rolf is making a return to ready-to-wear, bringing its avant-garde couture sensibilities to everyday fashion with the fall/winter 2025 ready-to-wear collection.

Viktor & Rolf returns to ready-to-wear with fall/winter 2025 collection. – Viktor & Rolf

Drawing inspiration from their Fall/Winter 2024 Haute Couture collection, ‘Haute Abstraction’, the designers translate high-fashion drama into wearable silhouettes. Sharp tailoring, signature detailing, and rich textures define the collection, blending structured precision with practical elements like denim and a collaboration with heritage outerwear brand Mackintosh.

Intricate couture elements, such as delicate tulle ruffles, seamlessly integrate into the collection, elevating essentials like jeans and jackets with sculptural volume. Standout pieces include tailored balloon trousers in Japanese tuxedo wool and a relaxed denim variation.

The color palette transitions from deep, moody tones of black, grey, and dark berry to lighter accents of white, mint, and sky-blue denim. A classic beige hue, ‘golden fawn,’ appears in gabardine daywear, reinforcing Viktor & Rolf’s commitment to timeless wardrobe essentials.

Textures play a key role, with a blend of Italian silk satin, Japanese tuxedo wool, silk-viscose floral jacquard, mohair, superfine alpaca knits, and organic cotton denim. The collection’s layered, duplicated, and deconstructed elements echo signature techniques from Viktor & Rolf’s archival collections, including Spring/Summer 2002’s ‘White’ and Fall/Winter 2003’s ‘One Woman Show’.

“Shifting from couture to ready-to-wear was about designing for real life. Viktor & Rolf wanted to keep the bold shapes and craftsmanship of couture but make them effortless. Everyday life is full of contrasts – moving through different spaces and situations that define us. It’s not about losing bold expression but using it to elevate the ordinary,” the Amsterdam-based fashion house said in a statement. 

The collection launches with a campaign that unfolds against the streets of Paris, captured by Alessandro Furchino Capria.

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