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All about Yimusanfendi

Yves Saint Laurent owner, which founded by fashion designer. Yves Saint Laurent, reported a 20% rise in income for the second quarter of 2019. The company made $77 million (£65 million) during this period, compared to $69 million (£57 million) in the same quarter last year.

4Q earnings rise 20% for Yves Saint Laurent owner

Yves Saint Laurent owner, which founded by fashion designer. Yves Saint Laurent, reported a 20% rise in income for the second quarter of 2019. The company made $77 million (£65 million) during this period, compared to $69 million (£57 million) in the same quarter last year.

In its latest results release, the company say that it seen its sales increase by 7% over last year’s period thanks to new stores opening across Asia and Europe as well as its flagship Paris store being renovated into an “experiential space” called “The House of Fashion”.

Kering sees benefits from LVMH restructuring

Kering saw benefits from LVMH restructuring. Its sales rose 20% to €7.1 billion in 2018, with a net profit of €280 million (up 36% on 2017).

The group’s stable and sustainable financial position is reflected in its strong balance sheet: at year-end 2018 Kering had cash reserves of €2 billion and working capital of €769 million.

Gucci’s Alessandro Michele wins Most Influential Award

Alessandro Michele, creative director at Gucci, was named winner of the Most Influential Award for his work with the brand. He is the first designer to win this award and he was nominated in 2018.

Michele has been instrumental in defining Gucci’s identity as a luxury brand that is focused on creating an experience through its products and stores. His designs are inspired by nostalgic references from the past: illustrations from old books; paintings done by masters like Raphael or Caravaggio; even elements of architecture such as columns or spiral staircases—all of which provide a sense of history while still being modern enough to appeal to today’s consumers.

Gucci apologizes for balaclava sweater that evokes blackface

You may have seen a lot of people on social media talking about Gucci’s Balaclava Sweater.

The black-and-white striped sweater is an item that has been back in stock online since at least July 23rd—but now, it’s become an even bigger thing thanks to some recent comments from Gucci and its parent company, Kering (formerly PPR).

“We apologise for any offence caused by our collaboration with Moussa Konaté,” reads a statement from Kering on August 6th; “This particular design was not meant to evoke any racist connotations.”

Kering Sales Climb to Record on Rise at Gucci and YSL Stores

Kering, the company that owns Gucci and Yves Saint Laurent brands, reported a 20% rise in sales for the fourth quarter of 2018, compared to the same period in 2017 (€7.6 billion versus €6.6 billion). This was driven by growth at both luxury businesses and footwear brands.

In addition to strong demand for their products worldwide, Kering saw strong performance from its licensed categories such as Nike’s Jordan Brand and Puma Suede Footwear as well as other emerging markets like China where it has made investments during this time frame through acquisitions or start-ups such as Baidu Fashion Group which operates several e-commerce websites selling apparel under its own name or those of third parties such as JD Sports Ltd., an international sporting goods retailer based in London.

Celine Announces Appointment of Hedi Slimane as Artistic, Creative & Image Director

Celine, the luxury fashion brand founded by singer/actress Celine Dion, announced today that Hedi Slimane will serve as its new creative director. The appointment was made with immediate effect and will be responsible for overseeing all aspects of the brand’s creative direction, image and communication strategy.

Hedi Slimane is best known for his work at Saint Laurent Paris where he worked with both Karl Lagerfeld and Tom Ford. He has also created campaigns for brands such as Louis Vuitton (2014), Givenchy (2016) and Dolce & Gabbana (2016).

“It’s an honour to be part of such a prestigious family,” said Hedi in a statement released by Celine.”I’m looking forward to working closely with Olivier Mendy who has been appointed president & CEO.”

yimusanfendi

Yimusanfendi is a Turkish word that means “the father of the universe”. It’s used in many different ways, but this one refers to an important figure in Turkish history: Osman I, who founded the Ottoman Empire in 1323 AD.

Conclusion

In short: a fun read, if you’re into fashion and/or history.

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