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Beyond the glamour, fashion, ambition, a London education and wealthy backgrounds, Wendy Yu and Jane Kitakkaranon represent a generation of young Asian women making big moves in the world of fashion. And as economic power shifts towards the East, that comes in parallel with a cultural and creative clout.
“The Wendy collection consists of fluffy layers, wavering silk and detailed adornments of crystals, feathers and beads,” says Kitakkaranon, the 27-year-old creative director and founder of Bangkok-based couture label L’Astelle. She’s walking us through a capsule that takes heiress Wendy Yu, one of China’s most high-profile fashion figures (and Kitakkaranon’s university contemporary), as muse.
Jeff KravitzGetty Images
Bulgari’s iconic Serpenti design is the definitive power piece. The symbolic snake exudes a sense of seduction and boldness, and women have harnessed that spirit for decades.
When Charlize Theron arrived at the 2019 Oscars with a 75-carat diamond-studded Serpenti coiled around her neck and another on her wrist, it was clear that she ruled the red carpet with her vipers. The Serpenti can instill in its wearer a coolness, and it has been both a coveted and an instantly recognizable style for generations.
Elizabeth Taylor poses on the set of
Cleopatra, with a Buglari bracelet watch around her wrist in 1962.
LVMH Revenue From Jewellery & Watches Declines By A Quarter In 2020 LVMH Moët Hennessy Louis Vuitton said its combined watches and jewellery division registered Covid-related declines in revenue and profit for Q4 and the full year 2020 By: Diamond World News Service
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The Watches & Jewelry business group saw its revenue decline by 24% to €3.35 billion in 2020, with a strong improvement in trends in Q4, which fell merely 4.7% to €1.09 billion. Profit from recurring operations was down 59% to €302 million.
The firm stated that Bvlgari was responsive and quickly capitalised on the strong recovery in China. The Maison maintained a high pace of jewellery innovation with the successful launches of its Serpenti Viper, B.Zero1 Rock and Barocko collections. Chaumet inaugurated its new store
th, 2021
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of 44.7 billion euros in 2020, down 17%. Organic revenue declined 16% compared to 2019. LVMH showed good resilience in 2020 in an economic environment severely disrupted by the serious health crisis that led to the suspension of international travel and the closure of the Group s stores and manufacturing sites in most countries over a period of several months.
With an organic revenue decline of only 3% in the fourth quarter, the Group saw a significant improvement in trends in all its activities compared to the first nine months of 2020. Fashion & Leather Goods in particular, enjoyed a remarkable performance, with double-digit growth in both the third and fourth quarters. While Europe is still affected by the crisis, the United States saw a good recovery and Asia grew strongly.
Sales improved during the fourth quarter, though they still fell 2%.
Profit from recurring watch and jewelry operations sank 59%.
The watch and jewelry division suffered sharper sales and profit drops than LMVH as a whole. In 2020, LVMH’s revenue dropped 16% compared to the prior year, while profit dropped 28%. However, in the second half of the year, profits rose 7%.
Despite the declines, the group said the watch and jewelry division enjoyed a “strong rebound in China in the second half of the year.”
It listed the following highlights of the watch and jewelry division over the last year:
– Bulgari “capitalized on the strong recovery in China” and successfully launched the Serpenti Viper, B.Zero1 Rock, and Barocko collections.