MUNICH--Escada Group reported net earnings of $19.1 million (32 million marks) for the year ended Oct. 31, up 14.3 percent from a year earlier. Pretax earnings also came in at $19.1 million (32 million marks), compared with 31 million marks a year earlier, a gain of about 3 percent. A company spokesman noted last year's taxes were canceled out by tax refunds due from previous years. Sales for the group last year rose 5.2 percent to $734.3 million (1.23 billion marks), in line with preliminary results released in February. At Escada AG, the group's main operation based here featuring the Escada and Laurel labels, pretax earnings rose 26.3 percent to $14.3 million (24 million marks) from 19 million marks a year earlier, while sales rose 9.4 percent to $342.7 million (574 million marks). Along with Escada AG, consolidated worldwide sales for the group come from three companies: Schneberger, based in Munster, Germany; Blusen Neumann, Berlin, and Kemper, Krefeld, Germany, whose labels include the licensed Cerruti 1881 line. Regionally, Germany remains the group's largest market, although sales last year were down to $240 million (402 million marks) from 407 million marks the year before. Retail sales in Escada Group's 131 company-owned shops rose 9 percent to $166 million (278 million marks). The company said there were no sales declines in any country where it has shops. The greatest gains, all in double digits, were in France, England and Sweden. Although sales remain minimal in China, the firm noted sales there rose 59 percent. Escada and Cerruti 1881 posted the strongest increases among company-owned stores, both achieving double-digit gains.
@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