PARIS — An unfavorable currency environment is not only creating strong headwinds for Europe's high-flying luxury sector; it could compel some players to diversify their businesses further and possibly shift production toward Asia, analysts say.
Yet even as the dollar drifts to new lows against the euro and British pound, analysts trumpeted the resilience of high-end consumers, downplayed price resistance so far and pointed to booming emerging markets that are fanning sales and easing pressure on operating profits.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)