Fashion is no stranger to a historical reference – from 1970s flares à la Once Upon a Time in Hollywood to 19th-century pie-crust collars the likes of which have had people swooning over a trailer for a new adaption of Little Women.
But lately it’s also been looking even further back, embracing a love of tapestry and all things Bayeux chic.
French luxury goods group booked strong double-digit sales growth in the first half of 2019 and a record operating margin of 29.5% – but investors have instead focused on a slowdown in sales growth at its key Gucci brand.
Total revenue generated by Kering's brands in the six-month period amounted to EUR7.34bn (US$8.2bn), up 18.6% as reported and 15.2% on a comparable basis.
The acquisition consisting of a share deal of PCC Asia and an asset deal of the PCC USA interlinings business carveout, is expected to result in no redundancies and to be completed by the end of 2018.
Australian Wool Innovation (AWI) at its last annual general meeting had announced that the Australian wool clip had increased in value by $800 million in five years. Yet wool growers are struggling to make ends meet.
As the wool price continues to fluctuate at narrow profit levels and the bleeding of producers to other enterprises such as prime lambs continues.
