LONDON — Europe’s major markets were upbeat in mid-morning trading Thursday, after Federal Reserve chairman Ben S. Bernanke said the U.S. continues to need stimulus measures.The DAX in Frankfurt leading the way, up 1.2 percent to 8,164.81 points, followed by the CAC 40 in Paris and Milan’s FTSE MIB, each ahead 1.1 percent to 3,882.29 and 15,842.34, respectively. London’s FTSE 100 increased 1 percent to 6,569.90.The pound was trading at $1.51 against the dollar, the Swiss franc was worth $1.07 and the euro was valued at $1.31 at 11:05 a.m. CET.Retail and luxury stocks were mostly on the up, with the morning’s strongest gainers including Gemfields, which rose 5.8 percent to 0.21 pounds. Burberry increased 1.5 percent to 15.31 pounds. Asos.com advanced 1.3 percent to 43.93 pounds, and Compagnie Financière Richemont gained 1.1 percent to 88.95 Swiss francs.Meanwhile, Mulberry dropped 2.1 percent to 9.50 pounds.
Exclusive: @dsquared2 signs fragrance licensing agreement with Euroitalia, with the first effort of the new partnership being unveiled in September. The brand will launch two scents – one for men and one for women – in Italy. Read our interview with designer Dean and Dan Caten on WWD.com. #wwdbeauty #wwdnews (📷: @zefashioninsider)
@louisvuitton has officially renewed Nicolas Ghesquière’s contract as artistic director of women's collections. "I am very pleased to open the next chapter of the story I started with Louis Vuitton almost 5 years ago," said Ghesquière, who first signed on to design the French luxury brand's women's line in 2013. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @giovanni_giannoni_photo)
“I learned then and there that I had to figure out a way in life to maintain and preserve my sense of pride when I felt good about what I did or what I represented or created,” said @saintrecords on how being bullied for wearing capri pants inspired her to be the artist she is today. Knowles was at the 70th Parsons Benefit last night where she outbid the room for a Dapper Dan customized @gucci experience. #wwdeye (📷: @lexieblacklock)
“There’s this amazing braintrust of people who know the whole universe so well. So we talked to them and they gave us more input,” said actor Alden Ehrenreich on playing the young Han Solo in “Solo: A Star Wars Story.” The cast was at NYC’s SVA Theatre last night for an advanced screening of the film, which hits theaters this week. #wwdeye #starwars #hansolo (📷: @aurorarosedecrosta)
@asaprocky spent nearly two hours in a Plexiglas box Sunday night at @sothebys putting himself through a series of “tests” to demonstrate the process of completing his new album called “Testing.” Get all the details and see all the pictures on WWD.com. #wwdeye
“I’ve struggled my whole life to find a bathing suit that fits me that doesn’t look like a maternity bra. I’m proud of the line because it’s an accurate representation of me rather than me putting on someone else’s clothes,” says @atlantabean of her swimwear collaboration with @piaarrobio, LPA X ATL. The two decided on a swimwear collab and increased the industry standard size for the pieces. Read more about the line — and our interview with de Cadenet Taylor and Arrobio — on WWD.com #wwdfashion
Exclusive: Cate Blanchett has been named the first global beauty ambassador for @armanibeauty. Blanchett has been the face of the brand’s Sì fragrance franchise since 2013, and is now representing all of the label’s beauty categories including makeup and skin care. #wwdbeauty (📷: @zefashioninsider)