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9 Jan

Balenciaga Scandal Seen Contributing to ‘Bad as It Gets’

Balenciaga’s ad scandal stifled the brand’s “hyper growth mode,” notably within the U.S. and U.K., meaning fourth-quarter results for French luxury group Kering “might be as bad because it gets,” in line with an equity research report from HSBC released Thursday. The bank also cited slowing momentum in China and the U.S. and a “tough basis of comparison” as additional aspects more likely to have dented Kering’s revenues in the course of the crucial holiday season. It forecasts Q4 revenues, due out on Feb. 15, will slip 3.1 percent in organic terms, reflecting a 12.5 percent dip at Gucci and an 8 percent improvement in “other brands,” which include Balenciaga, Alexander McQueen, Boucheron, Brioni, Pomellato and Queelin. Still, the report, titled “Leave Your...
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4 Dec

Balenciaga CEO, Demna Apologize for ‘Disturbing’ Ads 

The designer at the middle of the Balenciaga ad scandal has broken his silence.  In a post Friday on Demna’s Instagram account, which counts 373,000 followers, Balenciaga’s creative director wrote: “I would like to personally apologize for the unsuitable artistic alternative of concept for the gifting campaign with the children and I take my responsibility. It was inappropriate to have kids promote objects that don't have anything to do with them.”  The Georgian designer, who's susceptible to provocation and subversion in his designs, runway shows and communications, was referring to Balenciaga’s holiday campaign featuring children posing alongside handbags shaped like stuffed bears wearing bondage gear.  Individually on Friday, Balenciaga president and chief executive officer Cédric Charbit reiterated his “sincere apologies for the offense...
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10 Oct

Steven Klein Parties in Paris, Balenciaga Goes to the

KLEIN’S CROWD: Steven Klein, who is thought for capturing supermodels and mega stars through his subversive and sexually charged lens for the past 30 years, celebrated the launch of his first namesake book during Paris Fashion Week with Naomi Campbell and Matchesfashion. The famed director, videographer and photographer drew an intimate crowd for the launch party at Le Carmen. Notable guests included familiar faces he has shot before, similar to Campbell, Natasha Poly and Coco Rocha, in addition to industry heavyweights like Michelle Lamy, Anna Dello Russo, Patti Wilson, Law Roach and Stefano Tonchi. Fashion talents including Michael Halpern, Steven Stokey-Daley, Thebe Magugu, Alessandra Wealthy and Dodo Bar Or also attended the event. Published by Phaidon, the book features images originally...
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