PARIS — Hennes & Mauritz AB, the world’s third-largest fashion retailer, posted a larger-than-expected 30 percent profit drop in its fiscal first quarter as soaring cotton prices and negative currency effects sapped its gross margins.
“Instead of passing on these cost increases to customers, we chose to strengthen our price position in order to build further on our strong market position for the long term,” stated Karl-Johan Persson, chief executive officer of H&M.
Steve Aoki held a presentation, a runway show and outdoor concert for his men's line Dim Mak. Here's a look from his spring 2018 collection, which was titled "Paradise Found." #wwdfashion #wwdmens (📷: George Chinsee)
"It's really hard sometimes. I think I have a reputation for being really tough and aggressive and pushy but I really am a very shy person who wants to be liked, and that's the conflict constantly. There's something that takes hold - I want people to like me, I don't want to be mean - but if I see something that just cries out to be answered, I go for it," says renowned NBC News correspondent Andrea Mitchell. (📷: @axeldupeux)