LONDON — European stock markets edged down in mid-morning trading on Thursday, with the FTSE MIB in Milan leading the way.
The Italian market was down 0.7 percent to 17,439.09; followed by the CAC 40 in Paris, 0.3 percent to 4,108.75; the DAX in Frankfurt, 0.1 percent to 8,490.89; and the FTSE 100 in London, 0.02 percent to 6,586.87.
The euro traded at $1.33 against the dollar, while the pound fetched $1.58, and the Swiss franc equaled $1.07 at 11:00 a.m. CET.
Retail and luxury stocks were mostly down, with the exception of Carrefour SA, which advanced 1.2 percent to 25.45 euros, and Metro AG, up 1.1 percent to 29.53 euros.
Among the stocks that lost the most ground was Compagnie Financière Richemont, which reported a 4 percent sales rise in the first five months, and a slowdown in demand in Mainland China.
That stock slipped 2.8 percent to 90.80 Swiss francs, while Ferragamo edged down 1 percent to 25.60 euros, and Burberry retreated 1.2 percent to 16.21 pounds.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“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