MILAN — A stronger euro and extraordinary events impacted Luxottica Group SpA’s performance in the third quarter. In the three months ended Sept. 30, sales at the Italian eyewear giant decreased 3.5 percent to 2.14 billion euros. At constant exchange rates, revenues inched up 0.8 percent. In the first nine months of the year, revenues rose 1.7 percent to 7.06 billion euros.
Business accelerated in July and August compared with the first half of the year but was curbed by a drop in September due to the hurricanes that hurt performance, mainly in North America, Mexico and China. Globally, these events led to a closure of about 800 group stores and the total loss of more than 4,000 retail days.
Ralph Lauren can add a new notch to his leather belt: Honorary Knighthood. A representative of Her Majesty Queen Elizabeth II will present the honor to the iconic American designer at a ceremony next year, reports @lisajlockwood . #wwdnews
Cosmetics entrepreneur Charlotte Tilbury came face to face with one of her inspirations when Queen Elizabeth handed her an MBE, or Member of the Most Excellent Order of the British Empire, at Buckingham Palace earlier today. #wwdbeauty
Stella McCartney has been designing wedding looks for customers, friends, family — and herself — for years.
And now, leveraging the success of the dress she designed for the Duchess of Sussex’s wedding reception in May, McCartney is launching, Made with Love, a bridal line including eight dresses and an ivory tuxedo, reports @natalietheodosi . “I feel very protective over the bride, because I know what it was like when I got married, and for me to do my own wedding dress. There are moments that are so personal and private, so emotional and loaded with many different issues,” McCartney told WWD in an interview in June. “I think we are really blessed to have the emotional trust with a woman. She’ll come in and feel the love that we put into everything. What she chooses can be conventional or unconventional. It’s a personal experience.” #wwdnews