Jean-Marc Loubier, CEO of the Belgian luxury house Delvaux, acquired by the Swiss group Richemont in 2021, has just arrived in Costa Mesa, a town in Orange County, east of Los Angeles, where the South Coast Plaza luxury mall is located. The luxury brand, which specializes in bags, has just opened its second store in the U.S., five years after New York, and its 62nd address worldwide. FashionNetwork.com caught up with the CEO for an update on the opening and the brand’s roll-out in the U.S.
FashionNetwork: You’ve just arrived in Los Angeles at a dramatic time with the fires, but one when the situation seems to be improving. How do these events make you feel?
Jean-Marc Loubier: I’ve just arrived in Orange County, but I didn’t want to stop in Los Angeles and be voyeuristic. Like everyone else, I’ve been following the images. Friends have lost their homes, their memories, and it’s affecting a lot of people, even here in South Coast Plaza. Many people are being repatriated to Orange County, in an area that is not threatened.
FNW: You’ve just opened your first store in California, five years after New York. How would you sum up your New York adventure?
J.M.L.: The American market is a very important one for us. It’s a big country where people know a lot about luxury. We’ve been very well established in New York since 2019, with a store in a remarkable location. A place designed as an embassy, located on 5th Avenue and facing Central Park. It’s not just a store, but also a place to visit, which has proved to be a very successful operation, reaching both American customers and the whole world.
FNW: Why did you choose this mall in South Coast Plaza for your second location?
J.M.L.: At Delvaux, we work on vertical integration. We design, develop and manufacture in our own workshops in Belgium and France, and sell in our own stores. Our company has been the world’s oldest leather goods manufacturer since 1829. We invented the first modern handbag with the filing of a patent in 1908, and all our stores are designed as places of welcome and exchange. We approach them without standardization or repetition principles. Each address is unique in its location and the way we design it. At Delvaux, the notions of culture, history, originality, creation and projection into the future are important. We needed a remarkable location in the west side of the United States, and we found it in South Coast Plaza. South Coast Plaza is the other heart of California. A beautiful mall owned by the respected Sergerstrom family. We’ll be at Rodeo Drive one day, but in the meantime we’re banking on this mall, one of the finest in the U.S.
FNW: How did you come up with this new address?
J.M.L: We imagined it as a store on the street, with a wide façade that evokes California. Customers will feel at home here, strolling around extraordinary pieces such as this folding screen found in Paris. Spaces have been created for discussion and exchange, notably around our bar located at the entrance, a space created not to distribute beer but to create an informal contact where the person won’t feel trapped by an imposed speech. We try to bring a certain lightness to sharing information and creating contact. Delvaux is a remarkable house, but you have to be able to explain it, make people feel it, tell its story. Hence, the importance we place on choosing our teams. Employees with character who appreciate and master our story and share it with our customers. A strategy which explains why we sell our products exclusively in our stores.
FNW: What kind of atmosphere have you imagined for this store?
J.M.L: Delvaux is indeed a big company, but we don’t have a huge notoriety. We are a brand for those who know. We are 200 years old, and our approach is to take the time to share our story. Our references to quality and creativity touch our customers. We’re not trendy. Each bag as the Pin or the Brillant, tells a story that will touch potential customers and keep them coming back.
FNW: How strong is the competition from luxury brands in this mall?
J.M.L: I don’t know of a single major brand that doesn’t have a presence in South Coast Plaza today. Everyone is working hard to open beautiful stores. The mall’s management is particularly keen to welcome houses with significant organic development. It’s not just a stack of brands. They have been very receptive to our location strategy in other parts of the world, such as New York, London, Paris and Tokyo. They also appreciated the fact that we weren’t duplicating our concept, that we were outside the general standardization. The idea of Brussels meeting Southern California convinced them.
FNW: What does Orange County’s clientele look like?
J.M.L: It’s a very diverse clientele. A lot of Americans, of course, but also people of very different ethnic origins, from China, Korea and Taiwan. They all share the same luxury culture as in Los Angeles. More generally, our customers are pioneers, who cultivate a certain elitism, who are not frantic consumers, who are interested in our values, who like to wear things for a long time and are happy to introduce our company to their community. We’re about desire and pleasure, not consumption.
FNW: Do you invest in celebrities and influencers?
J.M.L: We work with celebrities and influencers, but our primary influence is our potential customers. The acceleration of our notoriety comes first and foremost from the quality of our locations, which will help us reinforce our development. We also put a lot of energy into our events, particularly during Paris Fashion Week. Next March, we will we present a week-long installation-performance that people can discover at their own pace.
FNW: In terms of growth, what does the American market represent for Delvaux?
J.M.L: Our growth is strong and our momentum is high, but we’re still in the early stages of our development, with two stores in the U.S. to date. We have a longer-established presence in Japan, Korea and Belgium. And we’re making inroads in the Middle East in Dubai. In 2011, Delvaux generated 97% of its sales in Belgium. Today, the export market represents between 90 and 95% of total sales. Things have changed.
FNW: Where can the brand expand in the United States?
J.M.L: We hope to establish ourselves in Los Angeles, of course, but also in other markets such as Texas and Florida. Our success lies in finding extraordinary locations. And we take the time not to compromise on this. Then it’s about being appreciated, existing and creating a community around you. That’s the secret of our success.
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.
Many big names in UK retail had a good Christmas season — despite the sector being generally sluggish — but it seems John Lewis Partnership (JLP) may not have been one of them.
The retailer — which operates its eponymous department stores and webstore, plus Waitrose supermarkets — has missed its profit target after a disappointing festive season.
It hasn’t shared any info officially but internal documents seen by The Telegraph suggest bad news to come when it does release its results.
Those internal documents have only been shared with staff so far with the company saying that sales have fallen short of expectations and it’s unlikely to achieve its hoped-for £131 million full-year profit.
The company is said to have blamed “lower consumer confidence and weaker than expected market confidence” for the sales miss in the month to 21 December, although also the fact that key trading days fell outside the period.
Sales targets were missed at both of the firm’s chains, although the newspaper said it still claimed it outperformed rivals and staff should be “proud of our performance”.
It will be interesting therefore to see exactly what its figures were as a number of rivals have actually reported a good Christmas. If its stores have beaten other supermarkets and chains like M&S, perhaps its targets were too ambitious in the first place.
We won’t know for a while, but we do know that with M&S resurgent, JLP’s supermarkets and department stores have lost some of their lustre as the destination of choice for Britain’s middle classes.
So what were the firm’s benchmarks? Back in September it had said it was seeing strong demand and expected a significant rise in profits for the year to January. The prior year’s pre-tax profit had been £56 million and the year before that it made a loss.
It had also talked about its turnaround efforts paying off and that it was seeing a “considerable improvement” in performance, with the John Lewis chain in particular expected to benefit from a buoyant second half.
Christian Dior Couture announced on Friday that Kim Jones, its Dior Homme artistic director, is leaving the post after seven years.
It’s been rumoured for some time that he would exit the label but it’s not yet known what his next step will be.
Jones has been widely praised for his work at Dior with his latest men’s collection shown this month being hailed as a success.
He’s been a key creative at LVMH having also designed its Fendi women’s collections. And he helmed Louis Vuitton’s menswear before he joined Dior.
The company said it “wishes to express its deepest gratitude” to the designer “who has accelerated the development of Men’s collections internationally and has greatly contributed to the worldwide influence of the House by creating an inspiring wardrobe that is both classic and contemporary, and connected to some artists of our time”.
And Delphine Arnault, who’s chairman and CEO of Christian Dior Couture,added: “I am extremely grateful for the remarkable work done by Kim Jones, his studio, and the ateliers. With all his talent and creativity, he has constantly reinterpreted the House’s heritage with genuine freedom of tone and surprising, highly desirable artistic collaborations.”
Jones meanwhile called it a “true honour to have been able to create my collections within the House of Dior, a symbol of absolute excellence. I express my deep gratitude to my studio and the ateliers who have accompanied me on this wonderful journey. They have brought my creations to life. I would also like to take this opportunity to thank the artists and friends I have met through my collaborations. Lastly, I feel sincere gratitude towards Bernard and Delphine Arnault, who have given me their full support.”