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Gucci Sales Slow in North America, but Saint Laurent Sales are Up (Vogue Business Newsletter)
Kering released its Q1 earnings report this week. Although Gucci reported pulling in €2.3 billion in revenue, its growth has slowed to 20 percent. Usually the brand’s growth is over 30 percent. The dip is being attributed to the North American market, in which sales were only up 5 percent. However Gucci remains a strong brand in Asia and Western Europe, with increases of 35 percent and 12 percent, respectively. Meanwhile Saint Laurent sales were up 17.5 percent overall, bringing in revenue of €498 million.
Fendi to Hold Couture Show in Rome (WWD)
Fendi will pay tribute to Karl Lagerfeld by holding its next couture show in Rome. Lagerfeld, who was creative director at the house for 54 years, passed away two days before its ready-to-wear show in Milan last February. Fendi’s couture collection will be presented July 4, and it plans to reprise many of Lagerfeld’s pieces for the house.
Adidas Has Engineered a Recyclable Sneaker (Business of Fashion)
Just in time for Earth Day, Adidas has announced the Futurecraft.Loop — a sneaker that can be broken down and recycled into new shoes. Usually sneakers are made by gluing different parts together to build the shoe. When they wear out, they are broken down into pellets which can be turned into large plastic pieces, such as the surfaces of playgrounds. The Futurecraft.Loop is made without glue, so parts can be broken down and made into new shoes, significantly cutting down on waste. The sneaker will be commercially available in 2021.
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DKNY Drops Spring Campaign for Intimates Collection
Aiden Curtiss and Yasmin Wijnaldum star in DKNY’s new intimates campaign, shot by Nicolas Kantor. The mix-and-matchable Spring 2019 collection is sporty and versatile — perfect for being active, or just lounging around.
Sakara Life and Rothy’s Celebrate Eat Clean Play Dirty Cookbook Launch
Busy Philipps, Eva Longoria, Lea Michele, and more came out to celebrate the launch of the new cookbook, Eat Clean Play Dirty, on Tuesday. The tome was written by Danielle DuBoise and Whitney Tingle, co-founders and CEO’s of Sakara Life. Guests, most of whom donned Rothy’s, were treated to a menu by Sakara and sipped Clase Azul tequila.