The General Assembly of the Fédération de la Haute Couture et de la Mode (FHCM) – French fashion’s governing body – on Thursday re-elected Ralph Toledano as President of the Federation for an extended four-year term.
Still red faced from last year's revenue loss, the French group saw full-year sales fall 11.7%, to 18.9 million euros. Meanwhile, both wholesale and retail activities recorded double-digit percentage drops for 2016.
The fashion e-tailer used the occasion of the announcement of its latest financial results to announce that it has not renewed its collaboration with six labels, including Cucinelli, Trussardi and Cavalli.
The Parisian brand suffered from the crisis in 2014, generating a turnover of 31.4 million euros, down 5.5%, according to its preliminary results. However, the decline was offset by a boom in sales in the United State...