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Hackett London unveils second installment of collaboration with Carl Friedrik

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Roberta HERRERA

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January 29, 2025

Hackett London is once again embracing the world of travel. Following the success of their initial collaboration in May 2024, the British fashion house has teamed up once more with Carl Friedrik to expand their co-branded line. 

The new collection features a selection of travel essentials, now available online and in stores. – Hackett London

“Our successful partnership with Carl Friedrik is built on a shared commitment to quality and timeless design. The overwhelmingly positive response to our first collection made expanding the range a natural step. These new designs offer enhanced functionality and refined aesthetics, catering to the needs of the modern traveler. This is a collaboration we are extremely proud of,” said Gianni Colarossi, Hackett London’s chief product officer.

The new release features a curated selection of travel essentials that blend Hackett’s sartorial craftsmanship with Carl Friedrik’s hallmark durability. Every piece in the latest installment is now available in stores and online.  

Priced between €495 and €575, the collection includes sleek, minimalist pieces such as the 40L Carry-on and 69L Check-in suitcases, both featuring a hard-shell construction designed for optimal functionality.  

Hackett London was founded in Chelsea in 1983 by Jeremy Hackett—originally as a second-hand store—and has since grown into a global presence with more than 1,000 points of sale worldwide. Hackett London is part of the Madrid-based AWWG group, which also owns Pepe Jeans London and Façonnable.  

Today, AWWG operates in 60 countries through a retail network of over 5,000 points of sale. According to its latest financial reports, the group is forecasting a turnover of €633 million for the 2023/24 fiscal year.  

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Fashion

Hoka-parent Deckers Outdoor’s forecast disappoints despite solid holiday quarter

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Reuters

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January 31, 2025

Deckers Outdoor on Thursday beat third-quarter sales estimates on robust holiday demand for its Hoka running shoes, but an in-line annual forecast caused the footwear maker’s shares to tumble 17% in extended trading.

Ugg

Hoka shoes with their oversized soles have been gaining market share from brands such as Nike in the sportswear category. The brand, which retails for up to $300 in the United States, have also enjoyed full-price sales.

This drove up the company’s third-quarter revenue by 17% to $1.83 billion, beating analysts’ average estimate of $1.73 billion, according to data compiled by LSEG. Deckers also raised its annual net sales forecast for a second time this year.

“The guidance looks pretty conservative and considering the beat, it’s bit of a negative read into the out quarter,” said Drake MacFarlane, analyst at MScience.

The popularity of the Hoka shoes and the success of the company’s Ugg boots and sandals has helped it post double-digit revenue growth for nearly seven quarters.

The company now expects annual net sales to increase about 15% to $4.9 billion, compared with its prior expectation of about 12% growth to $4.8 billion. Analysts estimated an increase of 14.9% to $4.93 billion.

Deckers expects annual earnings per share of $5.75 to $5.80, compared with its prior forecast of $5.15 to $5.25.

© Thomson Reuters 2025 All rights reserved.



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Amazon ramps up ad spending on Elon Musk’s X, WSJ reports

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Reuters

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January 31, 2025

Amazon.com is increasing its advertising on billionaire Elon Musk’s social media platform X, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

Reuters

The major shift comes after the e-commerce giant withdrew much of its advertising from the platform more than a year ago due to concerns over hate speech.

In 2023, Apple also pulled all of its advertising from X and has recently been in discussions about testing ads on the platform, the report said.

Several ad agencies, tech and media companies had also suspended advertising on X following Musk’s endorsement of an antisemitic post that falsely accused members of the Jewish community of inciting hatred against white people.

Monthly U.S. ad revenue at social media platform X has declined by at least 55% year-over-year each month since Musk bought the company, formerly known as Twitter, in October 2022. He had acknowledged that an extended boycott by advertisers could bankrupt X.

Musk has become one of the most influential figures following President Donald Trump‘s re-election. He now leads the Department of Government Efficiency, which aims to cut $2 trillion in government spending.

© Thomson Reuters 2025 All rights reserved.



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Ferragamo’s sales down 4% in fourth quarter, sees “encouraging results”

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Reuters

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January 31, 2025

Italian luxury goods group Salvatore Ferragamo said on Thursday its revenue dropped by 4% at constant currencies in the fourth quarter, flagging “encouraging results” from its direct-to-consumer sales which were overall flat in the last three months of the year.

Ferragamo – Spring-Summer2025 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight

Sales in the North American region, which accounted for 29% of total revenue, were up 6.3% in the quarter.
However, the Asia Pacific area saw a 25% drop in revenue at constant exchange rates.

The slowdown in global demand for luxury goods, especially in China, has made the group’s turnaround harder.
Overall preliminary revenues reached 1.03 billion euros in 2024, in line with analysts’ estimates, according to an LSEG consensus.

“January shows an acceleration in our DTC channel’s growth, albeit supported by the different timing of the Chinese New Year and a favourable comparison base versus last year”, Chief Executive Marco Gobbetti said in a statement.
 

© Thomson Reuters 2025 All rights reserved.



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