Fashion designer Marc Jacobs is selling his art collection at Sotheby’s -WSJ

Fashion designer Marc Jacobs is selling his own collection of comtemporary art and design works, including jewellery, at Sotheby’s in November, the Wall Street Journal writes.

Mr Jacobs is the head designer of his own fashion brand. During the years 1997 – 2014 he worked in Louis Vuitton’s as creative director.

According to him, “when you move to Frank Lloyd Wright house, there is not a lot of wall space to hang your painting”, he said regarding the sale of the collection.

Design Lifestyle

Ralph Lauren Q1 revenue + 3% to 1,4 billion dollars

The US premium lifestyle company Ralph Lauren Corporation (NYSE:RL) reported earnings per diluted share of $1.47 for the first quarter of Fiscal 2020 and revenue increase 3 % to 1,4 billion dollars.

-Our Company continues to evolve with the world around us while staying true to our values and creating inspiring style that endures, said Ralph Lauren, Executive Chairman and Chief Creative Officer.

-We delivered first quarter results in line with our overall expectations, with better than expected operating margin and double-digit EPS growth, said Patrice Louvet, President and Chief Executive Officer.

According to him, the performance of Ralph Lauren was driven by strong continued momentum in the company´s international markets and expense discipline across the organization.

Mainland China was one of the fastest growing markets, nearly 30 % revenue growth the company said. In Europe the growth was 7 % and in Asia 8%.

In the first quarter of Fiscal 2020, revenue increased by 3% to $1.4 billion on a reported basis and was up 5% in constant currency, driven by positive results across regions. Foreign currency negatively impacted revenue growth by approximately 220 basis points in the first quarter.

Revenue performance for the Company’s reportable segments in the first quarter compared to the prior year period was as follows:

Gross profit for the first quarter of Fiscal 2020 was $921 million and gross margin was 64.4%, the company said.

Gross margin of Ralph Lauren benefited from favourable product, geographic, and channel mix, partly offset by increased promotional activity to keep inventories current and healthy.

Operating income for the first quarter of Fiscal 2020 was $143 million on a reported basis, including restructuring-related and other charges of $31 million, and operating margin was 10.0%.

– For Fiscal 2020, the Company continues to expect net revenues to increase 2% to 3%. Foreign currency is expected to negatively impact revenue growth by 90 to 100 basis points in Fiscal 2020, the company said in the press release.

– Operating margin for the second quarter of Fiscal 2020 is expected to be up 40 to 60 basis points in constant currency. Foreign currency is expected to negatively impact operating margin by about 20 basis points in the second quarter, Ralph Lauren said.

The Company continues to plan capital expenditures of approximately $300 million for Fiscal 2020.

Business Finance

Milan Fashion week started today

The Milan Fashion Week started today in Milan. The fairs will show the latest trends in the high-Italian fashion industry, but also young designers like Alex Liu (Alexstrom), Colin Wong (Zynggat) and Victor Zhu (Vmajor) from China. The Fashion week will end at the 25th February.

Today also the fashion icon, Chanel designer Karl Lagerfeld died at the age of 85. According to Bloomberg News, the Chanel, which is privately owned, could reach above 50 billion euros if listed. The estimate by the BNP Paribas would rate the company as big as Hermes International. The Chanel group sales were nearly 10 billion dollars in 2017.

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Lifestyle

Basel World – jewellery gallery

Inspiring Basel World – jewelleries like flora and fauna

Have you ever been in Basel World – an exhibition for luxury jewelry and watches?  Imagination and beauty are present here. It is also a place where the global  industry professionals meet and discuss the future trends.

In 2014 the message was clear: luxury goods show very good progress in terms of revenue growth and new markets. According to the exhibitors, growth is coming especially from the US and Arabian markets as well as from Asia. For example these global luxury brands were present in the fairs: Chopard,  Graff Diamonds,  Fabergé, Hermés, Hublot, Louis Erard and Swarovski.

One of the shining element was the Swarovski exhibition with their crystal Mini-car. This auto was designed for the Royal family Catherine and William for their wedding. It consists of thousands of Swarovski crystals.

Luxury watches are fabulous and the variety of brands, colors, diamonds, precious stones, art, fine craftsmanship and functions are really amazing. Some of them also take the sporting elements into account like for example the Movado (www.Movado.ch), which is ultra-light, high-tech and strong performance design watch. The case and bracelet are made from carbon fibre.

Another interesting example is from Doxa (www.Doxa.ch), which vintage watches for women and men really are sophisticated, elegant and fashionable. Vintage Fusion Ladies and Vintage Fusion Pilot´s are retro pieces for limited amount of 100.

One of the global mobile phones companies Vertu (www.vertu.com) was also present in the fairs. According to their sales director Chris Bedworth, Vertu expects growing sales especially from Asia and the company has presented new models with different assessories.

 

 

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Flora and fauna in the Basel fairs.

Lifestyle

Comteam PUB+ for professionals

pubkansi

 

 

Dear Reader,

You are reading a Comteam PUB+ magazine. It is tailored for professionals which are leaders in their own fields. Our aim is  to share our passions and insights with our network and work with leading brands and quality products & services. Part of the stories are so called branded content which means that we have co-worked with our customers with content & concept.

But for your, our reader, we want to make high-quality, realiable and interesting stories while we know that the relationship to make an impression is a marathon, a life long journey and we want to keep that in mind.

This magazine is about lifestyle, fashion, business and finance, technology and of course sports in some senses. All those things that we love and want to share with you.

Looking forward for your comments and feedback and yes, keep in touch:)

Päivi Härkönen

Publisher

 

 

Lifestyle