French fashion house Celine, owned by luxury goods group LVMH, has been holding off opening new stores this year and hopes collections from creative director Phoebe Philo will underpin sales from 2010.
Pascal Aymar is taking over the leadership of Coalision Europe, the group that is responsible for clothing brands Orage and Lolë. He is joined by Christelle Vessot who will take up the posts of brand co-ordinator for Lolë in Europe as well as public relations.
Shares in fashion retailer French Connection gain 2.2 percent as Altium Securities raises its "recommendation to "buy" from "hold" after the company reported that it was closing all of its 21 stores in Japan in an attempt to stem losses.
A lot rides on a debut collection at the Paris ready-to-wear shows. In the cut-and-thrust world of fashion, now exacerbated by the global downturn, new designers get only three seasons to prove they can make a difference to flagging sales.
The recession has taken its toll on many large U.S. retailers but smaller ones catering to the second-hand market are flourishing as the cash-strapped seek the holy grail of the American consumer: a bargain.