News

Rolex Fined $100 Million For Thwarting Online Watch Sales

Rolex received a fine of approximately $100 million from the French antitrust agency for pursuing an illegal chain of distributors who were selling the Swiss brand’s luxury watches online for more than a decade. The Authorite de la Concurrence had denied the justifications from the French unit of Rolex that the online ban “was justified by the need to combat counterfeiting and parallel trade.” The violations are quite “serious, as they amount to closing a marketing channel, to the detriment of consumers and retailers, when the online distribution of luxury products, including watches, has been booming over the past 15 years,” the regulator had said in a statement on Tuesday. The penalty comes along with an order for the French unit to inform the retailers of this decision and to publish a full summary of it on their website within just two months and for seven back-to-back days. The decision is followed by industry raids and complaints from the authorities. Rolex had declined any comment over this decision. The regulator had said that it founded Rolex France equally liable with Rolex SA, Rolex Holding SA, and the Hans Wilsdorf Foundation. Read Also: H&M Sales Drop As Consumer Demand For Fast Fashion Wavers Margiela Artisanal, Valentino Menswear Return To Paris Fashion Week Ranveer Singh’s Wax Statues At Madame Tussauds London Are Homage To Indo Western Fashion

Rose Inc And Stripes Sold At Auction

Rose Inc., the makeup brand that was founded in partnership with Rosie Huntington Whitely, was sold off to the Hong Kong-based asset management organization AA Investments on 13th December for $2.5 million, as per reports. "On the same day, Stripes, the menopause-focused skincare line created in partnership with the actress Naomi Watts, was sold for $500,000 to Sakana LLC, a company that lists Watts as a managing member," the reports further added. After filing for Chapter 11 bankruptcy in the month of August, Amyris started individually selling off its customer brands through a process of auction. The most lucrative of its brands, Biossance, was sold to the British e-commerce company THG for $20 million on 30 November. JVN hair was bought by the consumer investing company Windsong Global, which also bought the babycare line Pipette for $1.25 million on 13 December. At the same time, Larissa Thomson and Francisco Costa bought their respective brands, Onda Beauty and Costa Brazil, back in October. 4U and Meno Labs by Tia have also gotten buyers. Read Also: H&M Sales Drop As Consumer Demand For Fast Fashion Wavers Margiela Artisanal, Valentino Menswear Return To Paris Fashion Week Ranveer Singh’s Wax Statues At Madame Tussauds London Are Homage To Indo Western Fashion

Margiela Artisanal Valentino Menswear Return To Paris Fashion Week

The Fédération de la Haute Couture et de la Mode, which is the organizing body of Paris Fashion Week, has released all the provisional calendars for the menswear in January and the haute couture weeks. During the menswear week, which will be running from January 21st, both Balmain and Valentino plan to stage different stage shows for Paris for the very first time since 2020. "New names on the docket include shows for Auralee, Winnie, Ziuggi and presentations by Karu Research, Meta Campania Collective, and Ouest France. Saint Laurent and Celine are absent, though both tend to pop on and off the calendar (sometimes skipping menswear seasons or opting for an off-piste presentation or video.)" The haute couture stage shows will run from 22 to 25 January and is going to witness the comeback of Maison Margiela’s Artisanal line by John Galliano, which has not been there on the runway since shifting mainly to a video format in 2020. In addition to the mega brands of the week, which include Chanel, Dior, and Valentino, the show will have its first presentation of the season from guest attendee Peet Dullaert and the return of yet another significant former guest, Robert Wun. Read Also: H&M Sales Drop As Consumer Demand For Fast Fashion Wavers Fashion Designer Manish Malhotra Opens First Global Store In Dubai “Suits Our King”: Jimin X Dior & Tiffany & Co Features On List Of 10 Best Fashion Collaborations Of 2023

Ranveer Singh's Wax Statues At Madame Tussauds London

Ranveer Singh has taken over everything, and how? If you thought he was only an icon in India, you might have to think it twice. Our man has officially gone global!! In fact, his very own wax statues in Madame Tussauds London are a big proof of it. And to make things clear, the statues do have a phenomenal fashion sense. The two statues, which were revealed in front of him, are just pure art and pay homage to his indo-western fashion; where one was seen wearing a gorgeous neon sherwani, while the other one had a beautiful jacket. The Indian look was designed by the famous designer Manish Arora. The sherwani has a number of hand-stitched embellishments and a beautiful leopard head-shoulder detail. The look is further accessorized with a three-layer pearl and diamond necklace. The more westernized look is a creation of Gaurav Gupta. Read Also: H&M Sales Drop As Consumer Demand For Fast Fashion Wavers Fashion Designer Manish Malhotra Opens First Global Store In Dubai “Suits Our King”: Jimin X Dior & Tiffany & Co Features On List Of 10 Best Fashion Collaborations Of 2023

H&M Sales Drop

H&M’s revenue dropped as the consumers had pulled back on spending at the H&M outlets and after the chained clothing brand closed in Russia. Sales had dropped by 4% in the last three months through November at the constant currencies, the company had said, in line with the expectations of the analysts. The company has also lost its sales growth momentum that it had demonstrated in the first half of the previous year. The slowdown had increased discounts to clear all the inventory, a problem that the company has been struggling with for over seven years. The brand has warned in September that the sales were falling that month because of a weird, warm start of autumn in Europe. https://twitter.com/NewsSrcCrawler/status/1736099951816347989 H&M shares changed a little in Stockholm. In the previous year, sales had increased because of a temporary opening in Russia before the brand had permanently discontinued all of its operations in Russia. H&M had eventually reopened in Ukraine in the month of November after having ceased all of its operations in the country due to the war in February 2022. Other than Belarus and Russia, the decline in sales all over was 1 percent. H&M had always been vulnerable to the competition like Inditex and the newer brands like Shein that had had a strong grip over the market with its cut-price offerings. Yet, the stock price for H&M rose by 57 percent this year as the brand tries to improve its profitability and reduce the backlog in inventories. Let's Find Out More News By Clicking Below!! Fashion Giant Zara Faces Boycott Over ‘Sickening’ Campaign Resembling Gaza Destruction Deepika Padukone Stuns In A Custom-Made Louis Vuitton Custom Gown At Academy Museum Gala Emma Corrin And Elizabeth Debicki Channeled Princess Diana In Different Ways On ‘The Crown’ Finale Red Carpet

Jimin X Dior & Tiffany & Co Features On List Of 10 Best Fashion Collaborations Of 2023

On 15th December 2023, the media company AUGUSTMAN featured Jimin's collaboration with Dior and Tiffany and Co. among the ten best collaborations of the year, leaving the whole BTS army proud and elated. The Set Me Free Part 2 singer this year was announced as the global ambassador of the French luxury brand. He was also announced as the brand ambassador of Tiffany and Co. in March. Immediately after realizing that their favorite singer is a part of the 10 Best Fashion Collaboration of 2023, known as That Redefined Style List, they were absolutely over the moon and took to social media to compliment the star. https://twitter.com/pjmpoems13/status/1736400923063185874 AUGUSTMAN also had nothing but appreciation for the singer and his impeccable style sense. "Jimin emerged as another fashion icon with dual ambassadorships from luxury titans Dior and Tiffany & Co. In January 2023, Dior officially announced Jimin as their global brand ambassador, a testament to his impeccable fashion sense." "The partnership traces back to 2019 when Dior menswear designer Kim Jones curated stage outfits for BTS's Love Yourself: Speak Yourself tour. Jimin's stunning presence as Dior's ambassador at the 2023 Paris Men's Fashion Week was hailed by fashion critics and enthusiasts worldwide," AUGUSTMAN had said. Read More News By Clicking Below!! Breitling Buys Watchmaker Universal Geneve In First Major Deal Fashion Designer Manish Malhotra Opens First Global Store In Dubai Pregnant Bhad Bhabie Does Gender Reveal In New Heaven By Marc Jacobs Campaign

Manish Malhotra Opens First Global Store In Dubai

One of the most celebrated designers, Manish Malhotra, opened his first-ever flagship store in Dubai. This is a step where he takes Indian fashion to global heights. Located at the Dubai Mall’s Fashion Avenue, the store has taken its position along with some of the top brands in the world. The store is a major projection of the designer’s modern Indian approach towards fashion, which is also reflected in some of his sartorial pieces. The designer went on Instagram to connect with his fans and followers through a post saying, “I feel emotional as it has always been my dream to bring our much cherished Indian embroidery and craftsmanship on a global platform. Our Dubai store is a reflection of my home where every person who walks in is embraced by our Indian culture and warm hospitality.” The 5,000-square-foot store is a representation of Indian craftsmanship, which has sections solely dedicated to zardosi, chikankari, and a lot more. Read Also: Breitling Buys Watchmaker Universal Geneve In First Major Deal Zara Regrets ‘Misunderstanding’ Over Photoshoot After Gaza Boycott Calls Pregnant Bhad Bhabie Does Gender Reveal In New Heaven By Marc Jacobs Campaign

Pregnant Bhad Bhabie Does Gender Reveal

Bhad Bhabie, the internet personality and rapper, is the brand new face of Heaven by Marc Jacobs X Barragan’s campaign. The new campaign has also served as a gender reveal for the celebrity, whose pregnancy news got leaked at the very beginning of December. “Marc Jacobs‘ team reached out to have me shoot for Heaven and it was right before the pregnancy had leaked so they didn’t know,” Bhad Bhabie had said. “When they found out they really wanted to do it still and I did too so we made it happen. It was a quick turnaround but I love how it came out. We thought it would be cool to try and do a gender reveal with the images so we had some fun with it. I’m really just enjoying this whole experience and grateful I have these amazing pictures to share with my daughter one day.” Bhad Bhabie, who was born with the name Danielle Bregoli, initially went viral after she made an appearance on Dr Phil in 2016. Since then, she has parlayed her appearance on TV into internet stardom and making music. With the recent announcement of her pregnancy, Bhabie has been leaning towards motherhood. The pictures of her feature her in sports-inspired moments. She was seen wearing a crop top and printed jeans, which showed off her baby bump. She is also seen on the soccer field in a gorgeous cropped polo shirt, a skirt, and pink platform boots and strikingly on a motorbike with pink exhaust fumes, which gives the impression that she is having a baby girl. Read Also: Breitling Buys Watchmaker Universal Geneve In First Major Deal Zara Regrets ‘Misunderstanding’ Over Photoshoot After Gaza Boycott Calls Fashion Giant Zara Faces Boycott Over ‘Sickening’ Campaign Resembling Gaza Destruction

Breitling Buys Watchmaker Universal Geneve

The Swiss luxury watch manufacturer Breitling AG is all set to make its first huge acquisition by purchasing Universal Geneve while attempting to revive the brand, which faded from its heyday years ago. This deal would mark a major turning point for Breitling, which took a position among the top 10 Swiss-made watches by sales in 2022. The company at present is under the control of the Swiss Private Equity company Partners Group Holding AG and has been revived under its CEO, George Kern. Kern, in an interview, had said that “Breitling will hire a team of designers and executives to run Universal Geneve as a separate entity. There are plans to bring back famous models such as the Gerald Genta-designed Polerouter as well as the Compax sports watch, which was popular in the 1960s and 70s.” “It is the best dormant or semi-dormant watch brand on the planet,” Kern said about Universal Geneve, which was established in 1894. The very first lot of watches will hit the market by 2026 and will have a price that will be pretty well above the average price of Breitling watches. “It will be much more expensive,” said Kern. This acquisition of Universal Geneve would give Breitling their second major brand. Read Also: Fashion Giant Zara Faces Boycott Over ‘Sickening’ Campaign Resembling Gaza Destruction Deepika Padukone Stuns In A Custom-Made Louis Vuitton Custom Gown At Academy Museum Gala Emma Corrin And Elizabeth Debicki Channeled Princess Diana In Different Ways On ‘The Crown’ Finale Red Carpet

Zara Regrets ‘Misunderstanding’ Over Photoshoot After Gaza Boycott Calls

Zara said on Tuesday that it regrets the whole “misunderstanding” over the advertising campaign, which featured mannequins that had missing limbs and were wrapped up in white, which triggered outbreaks of boycotting the brand by some of the pro-Palestinian activists. “Unfortunately, some customers felt offended by these images, which have now been removed, and saw in them something far from what was intended when they were created,” Zara claimed in a post on their Instagram account. The account had to experience hundreds of thousands of comments on the photos with a number of Palestinian flags. On the other hand, “#BoycottZara” was trending all over social media platforms like X. “Zara regrets that misunderstanding and we reaffirm our deep respect towards everyone,” Zara said. Six posts that had pictures of the campaign resembling corpses wrapped in shrouds were taken down from Zara’s official Instagram page. Zara said at the launch of the collection on Dec. 7 that “it was inspired by men’s tailoring from past centuries. The photos appeared to show an artist studio with ladders, packing materials, wooden crates, and cranes, and assistants wearing overalls.” Read Also: Fashion Giant Zara Faces Boycott Over ‘Sickening’ Campaign Resembling Gaza Destruction Deepika Padukone Stuns In A Custom-Made Louis Vuitton Custom Gown At Academy Museum Gala Emma Corrin And Elizabeth Debicki Channeled Princess Diana In Different Ways On ‘The Crown’ Finale Red Carpet

Fashion Giant Zara Faces Boycott

The very new promotional campaign by the fashion giant Zara has caused tremendous outrage and shock, with the audience complaining that it promotes an underlying celebration of Gaza’s destruction. The campaign, which is aimed at promoting a very new collection of jackets, portrays the model Kristen McMenamy, who stands in between rubble and mannequins that are completely wrapped in white, which resembles all the shrouded bodies of the victims of the indiscriminate war of Israel on Gaza, which had till date killed more than 18,000 people, which also included thousands of children. The images had a strong resemblance of the damaged and destroyed buildings, with rubble spread out everywhere. Melanie Eltruk, the chief executive officer of the Fashion house Haute Hijab, said about the campaign, “This is sick. What kind of sick, twisted, and sadistic images am I looking at?” Zara had caused a number of controversies before when the Israeli franchise holder of the brand invited the extremist Israeli minister Itamar Ben Givr to his own house. Another name from the fashion world, designer and entrepreneur Samira Atash, called to boycott Zara because of the campaign. As per Zara, this series is what they call a “limited edition collection celebrating our commitment to craftsmanship and passion for artistic expression.” However, the fashion brand is going through renewed calls for boycotts, where the hashtag #boycottZara has attracted more than 110,000 posts on the social platform X, which was known as Twitter formerly. Read Also: Fashion Designer Rohit Bal Critical, On Ventilator Support Deepika Padukone Stuns In A Custom-Made Louis Vuitton Custom Gown At Academy Museum Gala Emma Corrin And Elizabeth Debicki Channeled Princess Diana In Different Ways On ‘The Crown’ Finale Red Carpet

Emma Corrin And Elizabeth Debicki Channeled Princess Diana

The finale of “The Crown” is back, and we cannot stay calm. What has taken the internet by storm more than the drama are the actresses who brought Princess Diana back to life. Both Elizabeth Debicki and Emma Corrin joined all the other members of the Netflix series, "The Crown" for their finale celebration at London Royal Festival Hall on Tuesday. The snaps from the event showed Corrin and Debicki sharing a very sweet moment on the red carpet while giving one another a warm embrace, chatting pretty closely, and posing for the camera together. Debicki, who plays Princess Diana in the fifth and sixth seasons of the Netflix drama, landed on the red carpet in a gorgeous, floor-length Dior gown. As per the reports of Vogue, the dress was styled for her by the British stylist Elizabeth Saltzman. The dress was covered in small sequins and mother-of-pearls cuvettes. Talking to the publications while she was getting all decked up for the premiere, Debicki said that she has never put on “anything quite like it.” “It’s gorgeous,” the actor said before she showered Maria Grazia Chiuri, the creative director of Dior, with praise. “There’s a delicacy and an intricacy to her designs, but they are incredibly bold and feel empowering to wear,” Debicki further added. Intentional or unintentional, Debicki’s look for the red carpet was a reminder of no one but two iconic gowns that the Princess of Wales wore back in the 1980s. While Debicki seemed like she took inspiration from the glamorous side of Princess Diana’s style statement, Emma Corris, who played the role of Diana in season four of The Crown, made their choice to go for a bolder look, which the royal had worn when she visited Florence in 1985. Corron, who was perfectly styled Harry Lambert, wore a customized Miu Miu ensemble that had multiple elements that were borrowed from the outfit that Diana had worn, which included the shirt, cream blazer, and black bow tie. Read Also: Fashion Designer Rohit Bal Critical, On Ventilator Support Shefali Shah’s Red Torani Saree Was Fierier Than The Emmy 2023 Red Carpet Itself Deepika Padukone Stuns In A Custom-Made Louis Vuitton Custom Gown At Academy Museum Gala