LONDON — European stock markets edged down at the close of trading on Monday, led by the FTSE MIB in Milan.
The Italian market declined 1.5 percent to 15,349.12, followed by the CAC 40 in Paris, which sank 0.8 percent to 3,408.89, and the DAX in Frankfurt, which retreated 0.4 percent to 7,203.16. The FTSE 100 in London fared the best, dipping 0.2 percent to 5,795.10.
The euro traded at $1.29, while the pound traded at $1.61.
Europe's retail and luxury stocks put on a mixed show, with the day’s biggest gainers including Burberry Group and Asos.com which each advanced 0.9 percent to 11.63 pounds and 22.34 pounds, respectively.
Among the stocks that lost the most ground were French Connection Group, which sank 1.9 percent to 0.25 pounds; Geox, which fell 1.5 percent to 2.21 euros; Mulberry Group, which was down 2.2 percent to 9.98 pounds, and Metro AG, which declined 2.9 percent to 21.43 euros.
In the U.S., both the New York Stock Exchange and the Nasdaq Stock Exchange were shut on Monday, due to Hurricane Sandy, and they will be closed on Tuesday, as well.
@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