LONDON — Europe's markets were upbeat in Tuesday morning trading.
Milan's FTSE MIB was leading the way, up 1.3 percent to 15,432.49, followed by Paris' CAC 40, which increased 0.9 percent to 3,700.82, while the DAX in Frankfurt climbed 0.6 percent to 7,709.90.
London's FTSE 100 advanced 0.7 percent to 6,318.26 as the British Retail Consortium said that retail sales in the U.K. had grown in March, boosted by the Easter weekend. Like-for-like retail sales were up 1.9 percent. On a total basis, they were up 3.7 percent, boosted by sales of food and home wares. Fashion and footwear sales, however, dropped owing to inclement weather with consumers disinclined to start purchasing new season looks.
The pound was trading at $1.53 against the dollar, the euro was getting $1.30, while the Swiss franc was fetching $1.07 at 11:00 a.m. CET.
Retail and luxury stocks were showing mixed results, with those shares gaining ground including Geox, up 2.7 percent to 2.14 euros; Safilo, 1.3 percent to 10.48 euros; and Burberry, 1 percent to 12.69 pounds.
Among those falling in price were the Swatch Group, down 0.9 percent to 90.80 Swiss francs, and Tod's, which dipped 0.7 percent to 108.60 euros. Ethical gem miner Gemfields was flat at 0.25 pounds after suffering a fall of more than 15 percent on Monday on news of a possible ban on the sale of Zambian-mined gems being sold outside of the country.
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia
Azzedine Alaïa's “I-did-it-my-way” ethos stood out starkly at a time when brands are experimenting with consumer-facing fashion shows, coed formats and trans-seasonal collections – anything to perk up lackluster sales of ready-to-wear in an age of Insta-everything. “It’s not creation anymore. This becomes a purely industrial approach,” the late designer told WWD in an interview last year. “But anyway, the rhythm of collections is so stupid. It’s unsustainable. There are too many collections.” Read more about the iconic designer’s life and work on wwd.com, link in bio. #wwdfashion #azzedinealaia (📷: @WWD Archive, 1986) #alaia
Sneaker reselling app @goat’s latest exhibit, "The Greatest: New York," tells the story of New York's sneaker culture. To celebrate the exhibit, an intimate crowd gathered on Thursday night at the pop-up gallery space, located at Platform in Culver City, to hear guest speaker and illustrator @esymai talk about her own rise in streetwear and women in the business. "For me I'm just someone who is creative. I like to create things," said Chang. #wwdfashion
Azzedine Alaïa, one of the most iconic couturiers of the modern era whose body-con designs defined Eighties fashion, has died in Paris. The diminutive Tunisian-born designer, known for his structured knitted dresses with fitted waists and impeccably cut, figure-hugging second skin silhouettes was deeply admired by his peers, and counted supermodel Naomi Campbell - his adoptive daughter - among his inner circle, one of a gang of glamazons including Farida Khelfa, Carla Bruni and Stephanie Seymour who became ambassadors of his style. (📷: Alexandre Guirkinger) #wwdblast