Gucci, Yves Saint Laurent Prove Profitable for Kering

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French luxury group Kering delivered a rise in 2016 profits and sales on Friday that surpassed expectations, driven by the revival of its biggest brand, Gucci, and strong sales at fashion house Yves Saint Laurent. Gucci, under the leadership of designer Alessandro Michele and Chief Executive Marco Bizzarri since early 2015, has revamped its stores and adopted a vintage "geek chic" look that has proved popular with customers and driven higher sales.

"We recreated the Gucci dream. In 2017 we will make it a booster of sustainable growth," deputy chief executive Jean-Francois Palus told a news conference. "Gucci is cashing in on a brilliant self-help program, which has brought back the brand on the map," said Exane BNP Paribas analyst Luca Solca. Gucci and Yves Saint Laurent now generate 50 percent of their revenue from the tech-savvy generations born after 1980.

Kering, who also owns the Stella McCartney and Puma brands, was upbeat despite what it described as an uncertain business environment. The group said 2017 would see a stabilization of falling sales at underperforming Bottega Veneta, whose exclusive positioning will be strengthened. The strong results provided further evidence of a recovery in the wider luxury goods sector, after rival LVMH posted record revenue and profits for 2016 and Hermes gave a confident outlook for 2017.

Chairman and CEO Francois-Henri Pinault was similarly optimistic, citing positive signals in Hong Kong and improving demand in China and the United States. Recurring operating income for the year rose 14.5 percent to 1.886 billion euros ($2 billion) while group revenue rose 8.1 percent on a comparable basis to 12.385 billion euros. This compared with expectations for 1.83 billion euros of profit and 12.28 billion euros of sales according to a Reuters consensus conducted with Inquiry Financial.

The performance was achieved despite Gucci's decision to stop discounting and some 85 percent of Gucci sales in the quarter were from its new Michele's collection. Yves Saint Laurent, which accounts for over 10 percent of Kering's luxury sales, continued to progress with new designer Anthony Vaccarello at the helm since April. Yves Saint Laurent sales rose 20.5 percent during the quarter while the recurring operating margin of the division jumped over the 20 percent mark for the full year.

Bottega Veneta remained a weak spot with sales down 8.6 percent in the quarter. The brand was hurt by a slowdown in Chinese tourist spending in Japan and Europe. There were, however, signs of an improvement in Chinese tourist spending in western Europe in the last quarter of the year, the group said.

German sportswear firm Puma had strong sales growth and gave a confident forecast for 2017 on Thursday. Pinault said the priority was to improve profitability at Puma, when asked if he had any plans to sell the brand.

Tag: Gucci Saint Laurent Yves

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Bright Red, Logos and Stella McCartney Were the Overwhelming Celeb Bag Faves Last Week

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Tag: Stella McCartney

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BOY CHANEL FLOWER CHARM FLAP BAG

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It’s the ultimate flower power! If you’re a flower person, then this limited edition Boy Chanel Flower Charm Flap Bag might be your best bet for this year. Feminine, stylish and beyond beautiful, this newest Chanel creation is just that speck of glitter that can transform your outfits from drab to fab!

From Chanel’s latest collection, this floral embroidered flap bag shines bright. Gorgeous, sophisticated, and one-of-a-kind, this is the Chanel bag you’ll be reaching for before heading out the door.

This limited edition bag is mostly adorned with floral beaded embroidery paired with with golden-chained strap. The classic CC clasp is there but this time it is encapsulated in a rectangular metallic piece. The color combination is darling as well! You can pair it with your flirty white dress or over favorite jeans and shirt combo for that added flair.

There’s no information yet about the style code, sizes, and prices but we’ll keep you up-to-date.

Tag: CHANEL BAG FLOWER Boy FLAP CHARM

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CHANEL IMAN POSES IN MOSCHINO’S GROOVY STYLES FOR S MODA

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Chanel Iman on S Moda February 2017 CoverChanel Iman on S Moda February 2017 Cover

Top model Chanel Iman lands the February 2017 cover of S Moda. Photographed by Henrique Gendre, the American beauty poses in a cropped bomber jacket from Moschino with a whimsical print. The look is finished with ripped blue jeans and a glittering necklace and ring.

For the accompanying spread, Chanel poses alongside Moschino designer Jeremy Scott in looks from the brand’s resort collection. From colorful pantsuits to embellished coats and funky platform boots, the 26-year-old shines in each look. Almudena Guerra styles the shoot with Nicolas Eldin on hair and Niki Mnray on makeup.

EDITORIAL: CHANEL IMAN STARS IN S MODA FEBRUARY 2017 COVER STORY

Model Chanel Iman and designer Jeremy Scott pose in pantsuits from Moschino's resort 2017 collectionModel Chanel Iman and designer Jeremy Scott pose in pantsuits from Moschino’s resort 2017 collectionChanel Iman wears khaki jacket with floral embellishments from MoschinoChanel Iman wears khaki jacket with floral embellishments from MoschinoModel Chanel Iman wears embroidered caftan from MoschinoModel Chanel Iman poses in embroidered caftan from MoschinoChanel Iman models Moschino cropped sweater, denim shorts and platform bootsChanel Iman models Moschino cropped sweater, denim shorts and platform bootsModel Chanel Iman wears Moschino embellished coat tied at the waistModel Chanel Iman wears Moschino embellished coat tied at the waistSitting on a bench, Chanel Iman poses in quirky pantsuit from MoschinoSitting on a bench, Chanel Iman poses in quirky pantsuit from MoschinoChanel Iman wears embellished sunglasses and printed dress from MoschinoChanel Iman wears embellished sunglasses and printed dress from Moschino

Tag: CHANEL

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DIOR SPRING SUMMER 2017 AD CAMPAIGN FEATURING LOGO BAGS

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Everyone’s excited about Dior Spring Summer 2017 Ad Campaign since it features Maria Grazia Chiuri’s first collection for this French luxury brand.

And if you wonder, the collection is photographed by Brigitte Lacombe and is portrayed by twin models Ruth and May Bell. The campaign forms part of a bigger project entitled ‘The Woman Behind the Lens’ which is a body of photographic work featuring the work made exclusively by women who delivers and exemplifies their personal vision of the collection in a number of series.

What we are thrilled about are the newest bags introduced in the Spring Summer 2017 collection. These are never-before-seen Dior bags and we’re pretty sure they will revolutionize the bag industry.

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Take a look for example of this Dior rectangular bag, which has the DIOR lettering where you can slip your hands on. And oh, if you zoom in closer, you’ll notice that it has a handle perfect for using it as a handbag. It also has a long strap, which makes it ideal to use either as a shoulder or cross body bag.

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Tag: DIOR Bags

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12 Objects Of Desire To Get You Lunar New Year Ready

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IMAGE: BAGAHOLICBOY

Yes, folks, if CNY is your thing and red is your bling (ok, it took me a while to make it all rhyme), then this post is most definitely for you. From bags to SLGs to that cutest of flying pigs from Kate Spade, I’d like to think I got you mostly covered for the upcoming Lunar New Year festivities. Still not convinced? For those who are sticklers for the classics, there’s the Classic from Céline, Prada’s ever-iconic card case (we all must have owned one at least once in our lives) and who can mistake that beautiful weave that can only be Bottega Veneta.

For those who want a little more fun, you can’t go wrong with either Chanel or Gucci, both playful pieces that will jazz up even the dullest of CNY outfits. Wallets abound too, from the striped beauty from Loewe to the more controversial (but also striped) wallet from Balenciaga.

Last, but by no means least, I know while this year is the Year of the Rooster, that flying pig clutch that’s cast out of resin and then given a layer of metallic pink paint from Kate Spade has got to be the most adorable bag from them yet this year. It’s fun, it’s whimsical and most importantly, because it’s so round, it will hold enough red packets on your behalf as well, guaranteed.

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