Tiffany & Co. started off the year on a strong financial footing as sales and profits grew across regions and product categories — and chief executive officer Alessandro Bogliolo said this is only a start.
The jewelry company said first-quarter net sales increased 15 percent to $1 billion, while net earnings, aided in large part by new business-friendly tax regulations, rose 53 percent to $142 million. Comparable sales increased 10 percent, a number that now includes web, catalogue and store sales. Wall Street was excited by the quarter and pushed the company’s shares up 23.3 percent to $126.05, an all-time high.
Super-influencer @chiaraferragni doesn't miss a beat— or a party. Last night, she inaugurated Pomellato's newest boutique on Rodeo Drive, decked out in bling from the jewelry brand. At the event, Ferragni took some time to sit down with us to discuss motherhood, being a newlywed, and the hotly-anticipated documentary she is currently filming.
Photographed by @chelsealaurenla
As the conversation around sustainability only grows stronger in fashion circles, Everlane has made a new declaration: it’s saying goodbye to virgin plastic. The company, whose ethos is all about “radical transparency,” in terms of pricing and ethical factories, plans to be completely free of virgin plastics by 2021. “We’re producing millions of units and every unit that goes out is wrapped in plastic,” said founder and CEO, Michael Preysman. “At the beginning, it was like, ‘Hey, let’s just take off all these plastic bags.’ There are a lot of complications to that. Everything you buy in the world comes wrapped in plastic when it comes out of the factory.”
Meet Flamingo. The direct-to-consumer brand is Harry’s first foray into products designed specifically for women. The line goes beyond shaving, venturing into a space that is typically relegated to darker corners of the drugstore — at-home waxing. #wwdbeauty