, it’s likely Balenciaga.The high-fashion firm and its creative director Demna have long collaborated with and inspired West in his apparel-industry ventures, including a cosign on West’s now-scuttled deal with retail apparel giant the Gap and a slot for West to walk the runway in Balenciaga’s Paris Fashion Week show this month. Demna and West reportedly had a close friendship as well. But, following a two-week period during which West made, and then repeated, numerous antisemitic and conspiracy-soaked remarks, Balenciaga has finally cut ties with the rap star.Advertisement“Balenciaga has no longer any relationship nor any plans for future projects related to this artist,” the brand’s parent firm Kering said in a brief statement Friday.

Read more:
Los Angeles Times » Kering Sales Rise 23 Percent in Q3 as U.S. Tourists Splurge in Europe Kering Sales Rise 23% in Q3 as U.S.

Tourists Splurge in Europe Kering Q3 revenue, buoyed by Gucci and YSL, up 23pc to $5B Sales Rise at Hermès, Gucci-Owner Kering, Defying Price Increases

Wildfires Erupt in the Pacific Northwest

A series of recent wildfires ignited or spread this past week as warm, dry, and windy conditions—a rarity for the rainy Pacific Northwest. Read more >> Kering Sales Rise 23 Percent in Q3 as U.S.

Tourists Splurge in EuropeKering confirmed the resilience of the luxury sector with a solid performance in the third quarter, and said it was confident that all key regions would continue to deliver growth despite global economic upheaval. Kering Sales Rise 23% in Q3 as U.S. Tourists Splurge in EuropeFrench luxury group Kering said sales rose 23 percent in the third quarter, fueled by a stellar performance in Western Europe.

Kering Q3 revenue, buoyed by Gucci and YSL, up 23pc to $5BStrong showings at Kering houses Gucci, Yves Saint Laurent and Bottega Veneta, as well as surging sales in Western Europe and Japan, helped Kering in its third quarter. Sales Rise at Hermès, Gucci-Owner Kering, Defying Price IncreasesInflation and other economic headwinds aren’t cooling demand for high-price handbags and other luxury baubles: Hermès said it expects to increase its prices by around 5% to 10% after reporting sales that easily topped analyst estimates Is the '1%' now becoming the '0.50 %'? Ignorance buys crap like this !!

I did once upon a time when I was younger. The crap didn't last any longer than Target or Walmart goods, and that's a Fact !!!!!

Balenciaga cuts ties with Kanye West over rapper’s anti-Semitic remarks“Balenciaga has no longer any relationship nor any plans for future projects related to this artist,” parent company Kering told WWD. Jesus walks it's about damn time!

Fashion house Balenciaga cuts ties with Kanye WestFollowing a two-week period during which West made, and then repeated, numerous antisemitic and conspiracy-soaked remarks, Balenciaga has finally cut ties with the rap star. most upset to leave his orbit , it’s likely Balenciaga.“The region enjoyed strong demand both from local clients and from a sharp rebound in sales to tourists, which nearly tripled year-over-year,” he reported.said group revenues in the third quarter totaled 5.sign in 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The high-fashion firm and its creative director Demna have long collaborated with and inspired West in his apparel-industry ventures, including a cosign on West’s now-scuttled deal with retail apparel giant the Gap and a slot for West to walk the runway in Balenciaga’s Paris Fashion Week show this month. Demna and West reportedly had a close friendship as well.” Kering’s cash cow brand Gucci continued to underperform versus the group’s other brands, although organic sales picked up pace in the third quarter. But, following a two-week period during which West made, and then repeated, numerous antisemitic and conspiracy-soaked remarks, Balenciaga has finally cut ties with the rap star.

The group, whose brands also include Saint Laurent, Bottega Veneta and Balenciaga , said revenue in its directly operated store network continued to grow at a rapid pace, up 19 percent on a comparable basis. Advertisement “Balenciaga has no longer any relationship nor any plans for future projects related to this artist,” the brand’s parent firm Kering said in a brief statement Friday.6 billion euros, up 9 percent on a like-for-like basis, following a 4 percent rise in the second quarter.

As Kanye West’s business partners back away, rapper buys right-wing social media platform After a week in which West promoted antisemitism and white supremacy, his business partners, from Adidas to Def Jam, may be distancing themselves from the star. The relationship between West and Balenciaga goes back years — in 2016, West said he planned to “steal Demna from Balenciaga,” and Demna returned the affection. By comparison, organic sales at LVMH Moët Hennessy Louis Vuitton’s key fashion and leather goods division rose 22 percent year-over-year in the third quarter .

Japan saw a 31 percent increase, while Asia-Pacific posted growth of 7 percent, despite ongoing restrictions in Mainland China designed to curb the spread of COVID-19. “He makes me come out of my comfort zone and be a better designer.

There’s no ego when we collaborate, just a mutual drive to evolve and do something great and new,” he told Vogue.14 billion euros, representing a rise of 14 percent in comparable terms. Balenciaga often collaborated with West’s now ex-wife Kim Kardashian, and Demna worked on his “Donda 2" live dates last year.  “In an increasingly complex environment, we maintain the required flexibility to support our profitability and sustain our investments in the long-term outlook of all our houses, Gucci first and foremost. But a decade after designer John Galliano’s fall from grace following an antisemitic rant, fashion industry insiders wondered why West’s most high-profile design collaborator had not spoken out.

The group, whose brands also include Saint Laurent, Bottega Veneta and Balenciaga , said revenue in its directly operated store network continued to grow at a rapid pace, up 19 percent on a comparable basis. While West’s diagnosis of bipolar disorder earned him some sympathy, his appearances with far-right figures like Candace Owens and Tucker Carlson, and provocations like wearing a “White Lives Matter” shirt proved too volatile for some firms to bear.

In unaired footage from West’s two-part interview with Carlson, he told the Fox News host that Planned Parenthood was founded “to control the Jew population. Conversely, North America was up just 1 percent, further penalized by a high comparison base.

But Luca Solca, analyst at Bernstein Research, believes its current valuation is fair due to the potential of the group’s smaller brands. … When I say Jew, I mean the 12 lost tribes of Judah, the blood of Christ, who the people known as the race Black really are.

This is who our people are. “We delivered sharp top-line growth, both versus last year and from pre-pandemic levels. The blood of Christ.

Solca noted that the non-Gucci brands accounted for 28 percent of EBIT in the 2021 financial year, up from 20 percent in 2010, with absolute profits tripling in the same period. ” On the popular rap podcast “Drink Champs,” West said “Jewish people have owned the Black voice.

“In an increasingly complex environment, we maintain the required flexibility to support our profitability and sustain our investments in the long-term outlook of all our houses, Gucci first and foremost. .. Duplaix said despite the shift in spending by U.

At this valuation level, and with the prospect of a boost from China reopening next year to outbound travel, it is difficult to be bearish on Kering.. Paparazzi taking a photo of you, you ain’t getting no money off of it. customers to holiday destinations in Europe, and forecasts of a U.

You’re used to getting screwed by the Jewish media. It also outlined Saint Laurent’s potential to become a megabrand, with a medium-term revenue target of 5 billion euros, double the 2.” On the same podcast West also claimed, falsely, that George Floyd’s died from a fentanyl overdose (a police officer suffocated Floyd). recession within the next 12 months, he remains confident in the country’s prospects.

Floyd’s family announced that they plan to file a $250-million lawsuit against West for his comments. Meanwhile, the Anti-Defamation League and other groups condemned West’s various remarks and urged his business collaborators to end their relationships with him.S. Meanwhile, LVMH reported its sales grew 19 percent in the quarter on an organic basis, in line with the trends observed in the first half of the year.

Many of West’s creative and business collaborators have broken off or reevaluated deals in recent weeks, including Adidas, J. P.

“Beyond the percentage of evolution, if we look at the conversion rates, the sales density and so on, the business is still flying in the U. Morgan and the Gap. His record deal with longtime label Def Jam has reportedly come to a close as well.” Reflecting a pattern seen elsewhere, trade remains brisk with top spenders, while more aspirational product categories have come under pressure.

Not every company is fleeing West’s side. The right-wing social-media platform .

Nonetheless, Duplaix believes that China will bounce back.