Europe’s stock markets all rose today, following an address by the president of the European Commission, Jose Manuel Barroso, in which he unveiled a roadmap designed to, “chart Europe’s way out of the economic crisis.”
The plan includes measures such as a coordinated approach to strengthen Europe’s banks, speeding up stability and growth enhancing policies and building what the commission called “robust and integrated economic governance for the future.” It was also reported today that Slovakia’s opposing parties had reached a deal to support the [European Union’s] measures to fortify its bailout fund, indicating that the country will pass the measures when the vote arises again.
Following the news, the FTSE 100 in London closed up 0.9 percent, the CAC 40 in Paris finished up 2.4 percent, the DAX in Frankfurt closed up 2.2 percent and the FTSE MIB in Milan was up 2.9 percent.
And the EU also said that industrial production in the Euro area rose by 1.2 percent in August 2011 compared to the previous month. Compared with the same period a year ago, industrial production in the Euro area rose by 5.3 percent in August 2011.
Luxury and retail stocks also had a mostly positive day. Among those that rose were Burberry, which gained 3.5 percent on the back of an almost 30 percent rise in its first half sales; LVMH Moët Hennessy Louis Vuitton, which rose 3.3 percent, and Richemont, which gained 2.4 percent. In terms of retailers, ASOS rose 4.1 percent, Marks & Spencer crept up 0.3 percent and Carrefour rose 2.5 percent.
In the U.S., the S&P Retail Index advanced 0.4 percent, or 2.18 points, to 530.85, as the Dow Jones Industrial Average gained 0.9 percent, or 102.55 points, to 11,518.85.
The strongest gainer in the fashion set was Liz Claiborne Inc., which shot up 34.1 percent to $6.84 after the company laid out a plan to sell its namesake brand to J.C. Penney Co. Inc. Also on the rise were Ann Inc., 5.2 percent to $25.33; Sears Holdings Corp., 4.7 percent to $70.11, and Coach Inc., 3 percent to $61.08.
@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