Women's Wear Daily

European Stock Markets Mostly Decline

LONDON — European stock markets were mostly down in early afternoon trading on Monday. The FTSE 100 in London retreated 0.3 percent to 7,291.82. The CAC 40 in Paris and FTSE MIB in Milan both fell 0.2 percent, to 5,267.55 and 22,488.87, respectively. The DAX in Frankfurt was up 0.1 percent to 12,610.38. The euro traded at $1.19, while the pound fetched $1.34 at 12:00 p.m. CET. Retail and luxury stocks were uneven, with the morning’s biggest gainers including Mulberry Group, up 6.9 percent to 10.80 pounds. Meanwhile, MySale Group advanced 4.2 percent to 1.11 pounds, and Aeffe, 3 percent to 2 euros. Among the stocks that lost ground was Joules Group, down 1.8 percent to 2.79 pounds; French Connection Group, 1.1 percent to 0.43 pounds, and Italia Independent Group, 1 percent to 4.96 euros. Click Here for the WWD Global Stock Tracker >>

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Harvey Nichols Reshuffles Management Board

LONDON — Harvey Nichols has restructured its management board, the company said on Monday. The company’s chief executive officer Stacey Cartwright was named deputy chairman, while Daniela Rinaldi and Manju Molhatra were appointed co-chief operating officers, effective Jan. 1, 2018. Cartwright will continue to report to Harvey Nichols chairman and owner Sir Dickson Poon, and Rinaldi and Molhatra will report to Cartwright and Poon. “Daniela and Manju each bring a wealth of experience to their new roles, with highly complementary skill sets,” said Cartwright. Rinaldi, was promoted from her role as group commercial director. She joined the company in 1986 and became Harvey Nichols’ controller of perfumery and concessions in 1996. The executive joined the retailer’s board as concessions and beauty director in 2009. Malhotra, who is currently group finance director, joined Harvey Nichols in 1998 as an accountant, and then assumed the role of internal audit manager and group accountant in the finance department. She became the company’s financial controller in 2003 and group finance director seven years later.

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Unilever Snaps Up Skincare Business Carver Korea for 2.27 Billion Euros

MILAN — As part of a high-end beauty buying spree, Unilever said it plans to acquire the skincare business Carver Korea for 2.27 billion euros from Bain Capital Private Equity and Goldman Sachs. Carver was founded in 1999 as a supplier of professional products to beauty salons, and in 2016 had sales of 321 million euros and EBITDA, or earnings before interest, taxes, depreciation and amortization, of 137 million euros. According to Unilever, Carver is now the fastest-growing skincare business in South Korea via sales of its brand AHC, which markets anti-ageing, hydration and nourishment products. Its star product is called Eye Cream for Face, and AHC also offers essences, toners, moisturizers, masks, and sun protection. “It is an impressive business that is completely aligned to our personal care strategy,” said Alan Jope, president of Unilever personal care, adding that the acquisition would significantly strengthen Unilever’s position in North Asia, the largest skincare market in the world, and complement the existing portfolio. “AHC has been strongly gaining popularity thanks to its efficacious, innovative and premium products and it, therefore, offers great opportunities for growth.” The transaction, which is subject to regulatory approvals, comes on the heels of a number of high-end deals for Unilever, including

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Milan Fashion Week: Highs — and Highs

MILAN — The bright blue skies and daily doses of sunshine worked wonders on the mood of buyers, who praised Milan’s creativity and use of color, disco glitter and tailoring. Linda Fargo of Bergdorf Goodman didn’t mince words. “The weather was an upper for Milan, many collections were on an up and where there was newness, our spend will be up to match,” she said. Helen David of Harrods said her must-have was “Gucci everything,” while Mario Grauso of Holt Renfrew summed up many of the retailers’ feelings about the Versace show, Donatella’s tribute to Gianni on the 20-year anniversary of his death: “Donatella has dominated the entire week with her tribute collection and reunion of the most iconic models.” Ken Downing of Neiman Marcus called the city a treasure trove of ideas. “I feel so good about Milan. There is so much creativity coming off the runways right now in terms of collections — but also the music. It was a pleasure of a fashion week.” Here, a roundup of the Milan highlights from the mouths of retailers: Linda Fargo, senior vice president of the fashion office and director of women’s fashion and store presentation at Bergdorf Goodman:  FAVORITE COLLECTIONS: The Gianni Versace tribute with

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New York Trade Shows See Steady Traffic

NEW YORK — Retailers turned out in droves for the recent round of women’s trade shows here last week, eager to snatch up the latest trends for spring, which ranged from skin-baring looks to the ongoing fascination with boho. Coterie, which took place Sept. 17 through 19 at the Jacob K. Javits Convention Center, kept things interesting by adding several areas to the show. There was Studio by Maris Collective, featuring 15 collections; the Khora Energy Lounge; a beauty area, spotlighting about 10 brands, and R.A.C. — Random Acts of Creativity, which styled 30 mannequins in Coterie brands, and their own acquired pieces. Danielle Licata, vice president and general manager of Coterie, noted that the show vibe and traffic were strong and she received overwhelming positive feedback from the brands. “Retailers flocked to new destinations such as Beauty and Studio by Maris Collective proving that people are ready to try new categories and expose themselves to fresh collections,” she said. Among the retailers who shopped Coterie were Bergdorf Goodman, Saks Fifth Avenue, Mario’s, Julian Gold, Anthropologie, Barbara Jean and Rent the Runway, she said. There were plenty of spring trends on display such as tops with sleeve interest, skin-baring looks, bra tops, new

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Highlights From the New York Trade Shows

Women’s brands congregated in New York City last week to present new collections for spring 2018 at Capsule, Woman and Coterie. Here are a few of the notable brands creating buzz at the shows. COTERIE Misa Los Angeles Year Started: 2016 Aesthetic: Luxe and feminine. “It’s definitely coast to cocktail,” said Shadi Askari-Farhat, designer and owner of the brand. “Half the pieces you can wear to cocktails, a wedding or an evening event. Every piece is unique and different and definitely statement pieces.” Key Pieces: Florals, plaid and gingham sets, mix/match stripes and prints within a silhouette and ruffles with boning. “My goal is to give women an ultimate wardrobe,” noting the line includes sweaters, dresses, tops, bottoms and bodysuits. “I like to create heirlooms. I don’t like fast fashion,” said Askari-Farhat. Prices: Tops wholesale between $78 and $124, skirts are $112 to $150, pants are $112 to $134 and dresses are $150 to $220. Figue Year Started: 2012, first time showing at Coterie. Aesthetic: Figue, which was launched by Stephanie von Watzdorf, was born out of her passion for travel and desire to share the talents of artisans around the world. The line’s aesthetic is global gypsy-meets-jet-set spirit, combining unusual prints with layered textures, embroideries and hand-beading. It

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