HONG KONG – Global Brands Group reported first-half net profit of $26 million, up from $1 million in the same prior-year period, boosted mainly by the sale of the intellectual property rights to bootmaker Frye.
In the six months ended Sept. 30, the brand licensing and management company’s top line fell 3.2 percent to $1.79 billion, which Global Brands Group said was due to the shift of retail buying toward the end of the year; anticipated cessation of the license for Quiksilver, the bankrupt surfwear brand, and the ending of the Coach footwear license, which was taken in-house.
As 2018 comes to a close, we’re taking a look back at the best party photos of the year. First up, newlyweds Nick Jonas and Priyanka Chopra in black tie at Ralph Lauren’s 50th anniversary show in September.
📸: @zefashioninsider .
“Sand, summer, sea,” is how designer Sarah Staudinger describes of the beginnings of her latest collection for Staud, writes @elmercer.
Summer was encapsulated through an array of adorable picnic inspired garb in poppy hues like tablecloth gingham compact knit playsuits and matching sets and plenty of crudite-emblazoned offerings. The best foodie-looks included a salad printed waffle minidress with matching cardigan or a matching neon green knit set with fringe made of mini glass lemons (and matching croakies). #wwdfashion
With a litany of sold-out collabs, a history-making debut show for Louis Vuitton men’s and armfuls of awards, Virgil Abloh is WWD’s Newsmaker of the Year. 📸: @lexieblacklock .