PARIS — Suggesting brands are more potent than the famous designers behind them, revenues at Christian Dior Couture sprinted ahead 17.6 percent in the third quarter to 260 million euros, or $368 million.
In the nine months to Sept. 30, sales at the fashion house advanced 18.7 percent to 705 million euros, or $992 million. At constant exchange rates, the increase stood at 21 percent.
Dior said sales in its own boutiques fared even better, rising 27 percent at constant exchange rates in the nine months. The company trumpeted momentum across all geographies and product lines, “notably ready-to-wear, leather goods and watches.”
Dior officials were not available Wednesday to elaborate on the numbers.
According to market sources, a variety of leather lines contributed to the gains, including the Lady Dior, Granville and Miss Dior ranges, the latter appearing in an advertising campaign featuring Oscar-winning French actress Marion Cotillard. It is understood men’s wear and watches, led by the new Dior VIII line, also put in a good showing.
In recent years, Dior has embarked on an upscaling drive in its boutiques and product ranges. It has also weeded out wholesale clients, preferring to focus on directly operated stores.
Dior has yet to name a successor to John Galliano, the acclaimed couturier who was ousted in March in the wake of racist and anti-Semitic outbursts. Since that time, collections have been designed by Dior’s studio, headed by Bill Gaytten, a longtime Galliano collaborator.
Negotiations with Marc Jacobs, currently artistic director at Louis Vuitton, to become Dior’s next couturier have been progressing, sources said this week. It is understood Celine’s design star, Phoebe Philo, remains the preferred candidate to succeed Jacobs at Vuitton should the American designer conclude a deal with Dior.
In a recent interview, Dior chief executive officer Sidney Toledano indicated any announcement is “several weeks” away.
Dior’s robust performance closely echoes that of sister company LVMH Moët Hennessy Louis Vuitton, which on Tuesday said sales in the third quarter advanced 17.6 percent to 6.01 billion euros, or $8.51 billion.
Christian Dior SA is the holding company for LVMH and Christian Dior Couture. It reported nine-month sales rose 14.9 percent to 16.99 billion euros, or $23.9 billion.
Dollar figures are converted from euros at average exchange rates for the periods in question.
London’s newly opened @designmuseum will look back on the life and work of Azzedine Alaïa in a show that the designer helped to curate before he died of heart failure last month. The retrospective, which Alaïa had worked on with Mark Wilson, chief curator of the @groningermuseum, will look at the impact of his work worldwide. The show, “Azzedine Alaïa: The Couturier,” will run from May 10 to October 7. Read more about the exhibit on WWD.com #wwdnews #wwdfashion (📷: @zefashioninsider)
@Pharrell and his wife Helen Lasichanh were among the stars that came out to celebrate @rimowa’s first pop-up concept shop. The space, which is located on Rodeo Drive in Beverly Hills, draws inspiration from airport luggage carousels and lounge areas – and features the company’s luggage and accessories. If the pop-up is successful it could pave the way for addition temporary shops throughout the world. #wwdfashion (📷: Owen Kolasinski/BFA)
@carineroitfeld celebrated @crfashionbook’s first calendar last night with a dinner party at Spring Place in Manhattan. Photographed by @stevenkleinstudio, the calendar takes on a fitness theme and features @joansmalls, @gigihadid, @danielle_herrington_ – pictured here – and more. “[Carine Roitfeld] wanted me to feel sexy and she wanted me to be myself and feel it out on my own and do what I felt was right,” said Herrington, aka Miss October. #wwdeye
@saintrecords and @virgilabloh last night at @americanexpress’ “A Night With Success Makers” event. “I always bring it back to community because without that I wouldn’t have the courage,” said Knowles when asked how she has gotten where she is now. Read more highlights from their conversation on WWD.com. #wwdeye (📷: @lizdoupnik)
This Just In: Industry sources have told WWD that Anastasia Soare is rumored to be considering selling her beauty business, @anastasiabeverlyhills. According to those sources, Soare has tapped investment bank Imperial Capital to explore sale options for her eponymous beauty brand –– and with at least $340 million in net sales, this would be a big deal. Put in context of other recent transactions for makeup companies, Soare’s price tag could be in the billions if she were to sell the whole thing. #wwdnews #wwdbeauty (📷: @clint_spaulding)
@assouline’s latest book, “The Spirit of Bentley: Be Extraordinary” captures the adventurous attitudes and opulent lifestyles of @bentleymotors’ most creative owners and enthusiasts throughout the U.K. The 292-page hardcover has a section dedicated to showing its team of skilled artisans and photos of its most colorful owners, from George Bamford to designer @alicetemperley, pictured here by Aline Coquelle. #wwdeye
@google released its report on the most popular search terms this year. For fashion brands, the list was led by @gucci, the luxury brand that stunned the market last October when it pledged to stop using fur. Runner ups were @supremenewyork and @fashionnova, along with more established brands like @louisvuitton, @chanelofficial and @ysl. #wwdfashion (📷: @aitorrosasphoto)
In yet another fashion show shuffle, @elleryland is moving its show in sync with the Paris couture calendar — though the brand is still keeping one foot on the city’s ready-to-wear schedule. Their runway show in January will coincide with the launch of a new strategy: designing two main collections each year instead of four, which will then be released in four drops. “As we all know, the system needs to change. We need to show sooner to give time back to artisans and designers to do what they do best — create,” said founder Kym Ellery. #wwdnews #wwdfashion (📷: @kukukuba)
@maxmara’s classic 101801 coat was the cornerstone of its pre-fall 2018 collection. The design team expanded the traditional double-breasted, kimono-sleeved style into a trapeze coat, lean belted styles and a peacoat and presented them in monochromatic looks – like the camel one pictured here. #wwdfashion #prefall18 (📷: George Chinsee)