Latest news with #Blazy
Hypebeast
21-05-2025
- Business
- Hypebeast
Chanel's Sales Slid 4%, Forcing the House To Ease off of Price Hikes
Summary Chanel's sales have taken a fall for the first time since 2020, sliding 4.3% to $18.7 billion USD last year. The French luxury company saw operating profits decline 30% to $4.5 billion USD and with the slowdown, Chanel is now re-evaluating its price hikes. Previously gung ho about increased prices on its products, specifically its classic handbags, Chanel is expected to ease off of the price increases as well as investments into new markets like India, Mexico and Canada. BOFhas reported that CEO Leena Nair and CFO Philippe Blondiaux spoke about the 'challenging' luxury market as it tries to revamp its image under new creative directorMatthieu Blazy. According to Blondiaux, the decline in sales still puts Chanel in a 'very health level' as it gears up for a rebrand under the artistic direction of Blazy. Nair said, 'This performance followed a period of unprecedented growth in which revenues nearly doubled over the previous three years. It's a challenging time in the world…and it continues to be challenging.' Chanel still plans on opening 48 new boutiques this year. Nair said, 'We remain committed to our investments because we always take a long-term approach. We've navigated many ebbs and flows in these 100 years that we've been around, and we're using this moment always to focus, to double down on what makes us uniquely 'Chanel.'' The decline in sales have been largely in due to the lag in leather goods. While other sectors like watches and fine jewellery have seen a 'dynamic growth,' Chanel relies heavily on its leather goods category. Over the years, Chanel's sharp price hikes have been criticized by consumers for its steep incline that saw its iconic medium Flap handbags nearly double its price in 2019. The company has agree to pull back on the price increases with Blondiaux stating, 'The average pricing effect we had for fashion was 3% last year, which I'm sure you will agree was perfectly in line with global inflation, if not less than that. We intend to maintain more or less the same policy, which is to monitor our prices in line with global inflation in 2025.'
The Guardian
29-04-2025
- Entertainment
- The Guardian
Chanel takes a cruise around Lake Como with glamour fit for a grand hotel
Chanel has a fresh-faced, avant garde new designer but it still stands for classic glamour. This was the loud and clear messaging at the first Chanel show since Matthieu Blazy took up his role. The show was held at Villa d'Este, the Lake Como palace hotel where Elizabeth Taylor, Greta Garbo and Marlene Dietrich holidayed and which Alfred Hitchcock, who filmed The Pleasure Garden there, pronounced the most beautiful place on earth. The location, booked a year in advance, provided the theme: life in a grand hotel. Think White Lotus on Lake Como, art directed by Slim Aarons. First on to the pebbled catwalk weaving through the hotel's terrace was a white bathrobe-style coat. Then there were capri pants in the butter yellow of the hotel parasols, and a lilac tweed suit to match the wisteria trailing overhead. Models swung tote bags big enough for pool towels, while gold lame cover-ups glinted as dazzling as sun on the lake. 'To me, Como is about the light,' said Bruno Pavlovsky, Chanel's president of fashion. 'Life is cinematic here.' Famous faces including actors Keira Knightley and Sarah Catherine Hook were dotted among a 900-strong audience mostly made up of Chanel's biggest spending clients. The Cruise season of catwalk shows, named for a time when Caribbean cruises requiring trunks of glitzy loungewear were in vogue among the rich, have evolved to stand for holiday glamour in general. Spending on holiday wardrobes has increased exponentially across all price brackets: consumers spend less on dressing smartly for work, and more on looking good on holiday for Instagram. Brands drop serious money on Cruise shows, because a slice of this lucrative holiday market is worth a lot in sunglasses. (There was a pair of shades to go with most looks in this show.) Pavlovsky describes Chanel as being in a moment of 'generational handover'. Blazy, who took up his role at the beginning of April, did not work on this collection or attend the show, which was credited to the design studio. Holding the fort as figurehead for the event in his absence was Chanel ambassador Sofia Coppola, who made a short film on location at Villa d'Este to accompany the event, which she described as 'about that version of yourself when you get away, when you may be different from how you are in real life'. Chanel has doubled revenue and headcount in the past decade to become the world's second-largest luxury brand behind Louis Vuitton, with 36,500 employees at the end of 2023. It is more than 10 times the size of Bottega Veneta, from where Blazy arrives from. His October debut is hotly awaited but Pavlovsky is 'not so interested in what happens in October'. Rather, he is 'interested in a future which begins in October. We work on Chanel time. We don't rush.' Pavlovsky has said he will wait two years before judging whether Blazy is the right fit. Pavlovsky dismissed any suggestion of moving production to the US as a strategy to avoid tariffs. He said Chanel intends to maintain its current policy of price harmonisation, in which prices are consistent in every country in the world, adding that they would 'find a way to cover the cost' of keeping prices low in US boutiques if tariffs are levied. Sign up to Fashion Statement Style, with substance: what's really trending this week, a roundup of the best fashion journalism and your wardrobe dilemmas solved after newsletter promotion Pavlovsky told Womenswear Daily that it was 'the great admiration and respect for the heritage and the work done by Mademoiselle Chanel, by Karl and by Virginie,' which he sensed in Blazy, which clinched the recruitment. 'That was important to me, because it wasn't about a kind of competition over image and size. It was about the depth of what the brand stands for, and how we could build on that to continue telling our story,' he noted. Blazy has begun to make changes, including the hiring of seasoned British haute couture specialist Andrew Heather, who has worked under designers including Alexander McQueen and John Galliano. Silk scarves made in Como featured as ankle straps for heeled sandals, on the catwalk. Chanel has recently taken a 35% stake in Como-based manufacturer Mantero, which has been producing silk for Chanel blouses and printed scarves for more than 50 years. Under the terms of the deal, Mantero will continue to produce clothes for rival luxury clients including Dior, Saint Laurent and Versace, but Chanel believes that protecting key players in its supply chain is a sound investment, at a time when global economic pressures are putting many specialist producers out of business.
Associated Press
15-04-2025
- Business
- Associated Press
MWG Holdings Expands Blazy Product Line With Cannabis-Infused Peanut Butter Cups
Award-Winning California Company Introduces New Edible Just in Time for 4/20 with Exclusive Weekend Deals SACRAMENTO, CA - April 15, 2025 ( NEWMEDIAWIRE ) - MWG Holdings Group, Inc. ('MWG'), a leading purpose-driven, locally-focused cannabis company with award-winning roots in the California medical and recreational markets, announced today the launch of Blazy Cannabis-Infused Peanut Butter Cups available at all Perfect Union locations and Wild Seed Wellness. The launch coincides with an unparalleled weekend of exclusive deals on April 19 and April 20 in celebration of the industry's highest holiday at all Perfect Union locations and Wild Seed Wellness in Marysville. MWG's team has created an incredible two day experience in dispensaries across the state spanning from San Diego to Shasta Lake including Sacramento, Marysville, Napa, and Morro Bay. With April 20 falling on Easter Sunday this year, MWG will mark the occasion with the launch of its new Blazy cannabis-infused peanut butter cups, available at 42 percent off during a two-day sale April 19-20, along with a wide selection of other brands. While participating brands may differ by location, at Perfect Union and Wild Seed Wellness, guests can shop up to 80 different brands on sale for 42 percent off including Blazy, Glass House, Jeeter, Cap City, Halfpipe, STIIIZY, Wyld, Heavy Hitters, and more. During this two day sale, guests will enjoy a variety of brand demos, doorbuster deals, music and food truck offerings where available. 'Planning the industry's biggest holiday sale of the year creates an incredible opportunity to leverage data-driven insights to provide a robust menu of products, build brand loyalty, and create a standout retail experience in partnership with MWG's incredible team,' said Nicole Hanratty, VP of Marketing at MWG Holdings. 'Featuring Blazy's brand new product for this year's 4/19 and 4/20 sale highlights Blazy's rapid sales growth, solidifying its position as a top 10 brand on shelf at Perfect Union. Consumer demand for this fun, cheeky brand continues to fuel our expansion of product offerings. With Blazy heating up, we recently launched Ask Blazy, an AI-powered site that dishes out answers with the same flavor and fun as the brand itself.' The new Blazy cannabis-infused chocolate peanut butter cups deliver a high-quality, gourmet-tasting edible experience, catering to guests seeking precise dosing or smokeless consumption. With 4/20 approaching, this launch aligns perfectly with customer demand for premium edibles. Blazy Cannabis-Infused Peanut Butter Cups blend rich, velvety chocolate with creamy peanut butter, delivering 10 mg per serving, (50 milligrams of THC per cup) and 100 milligrams per package. Designed for both taste and precision, each package includes a dosing wheel for easy portioning into 10-milligram servings, ensuring a customizable experience for every consumer. Crafted for both new and experienced cannabis users, these treats offer a convenient and flavorful way to enjoy THC. Want to learn more about Blazy? Visit Learn more about MWG Holdings, Inc.'s Perfect Union and Wild Seed Wellness stores at and About MWG Holdings MWG Holdings Group, Inc. is California's largest wholly-owned, vertically-integrated cannabis company. Founded in 2017, MWG owns and operates 9 retail locations, including eight Perfect Union stores and one Wild Seed Wellness store, all of which achieved record-setting sales in 2024. The company's flagship Perfect Union store and its Fireworx Farms indoor grow are based in Sacramento, California, where MWG began as Magnolia Wellness 15 years ago. MWG's retail stores are consistently recognized for their award-winning brands and community-driven approach. MWG's management team leverages over a decade of experience building profitable cannabis businesses, having raised millions in capital and bringing the company to cash flow positivity. MWG's diverse and growing portfolio, featuring top brands like Blazy, 5G Pop, Cap City, 530 Grower, and Shake That solidifies its standing as an industry leader. MWG's print magazine, smish., is available at all its retail store locations. Read smish. online at Committed to quality, innovation, and local community engagement, MWG continues to set new standards in the cannabis sector. Learn more at Media Contact: Americana Communications Ltd. [email protected]
Yahoo
11-03-2025
- Entertainment
- Yahoo
Tyla Thinks Pink in Suited Miniskirt Look for Chanel's Fall 2025 Show During Paris Fashion Week
Tyla joined a bevy of A-list guests and celebrity attendees for the Chanel fall 2025 ready-to-wear show during Paris Fashion Week on Tuesday. The Grammy Award-winning artist revamped her style with a sultry edge for one of the final shows of Paris Fashion Week. The 'Water' singer wore a bubblegum pink top with corsetry detailing and shimmering buttons running down the front placket. She paired the top with a pink miniskirt, which featured pockets on either side near the hemline. More from WWD Tyla's Appearance at the 2024 Victoria's Secret Fashion Show Generates $2 Million in Media Exposure Tyla Braves the Cold in Dramatic Cutout Gown at Jacquemus' Fall 2025 Show Jaden Smith Puts Gender-fluid Spin on Tweed Top, Carries New Petite Malle at Louis Vuitton's Fall 2025 Paris Fashion Week Show Tyla paired the look with a coordinated pink cardigan jacket, featuring sharp shoulders, square breast pockets and buttons running down the front placket as well. The singer completed the look with black heels for an added touch of sophistication. Tyla accessorized her ensemble with a bold statement necklace and classic Chanel earrings, designed with the French luxury fashion house's iconic logo in mind. The singer wore a necklace featuring a strand of pearls as well as the name 'Chanel' spelled out both horizontally and vertically. Tyla added a few more jewelry pieces to her look, including delicate bracelets, a few rings and an anklet. She carried a black top-handle bag, as well. As for her glam, Tyla added some punk sensibility with her hairstyle, featuring a choppy fringe. Her makeup featured a clean aesthetic with lined eyes and a glossy lip. Matthieu Blazy, who was named Chanel creative director in December 2024, debuted his fall 2025 ready-to-wear collection as one of the final shows during Paris Fashion Week on Tuesday. The collection followed suit with Chanel signature tweed stylings, with added bursts of color. 'I am thrilled and honored to join the wonderful house of Chanel. I look forward to meeting all the teams and writing this new chapter together,' Blazy said in a statement provided to WWD upon his appointment to the role of creative director. The fall 2025 ready-to-wear collection marks Blazy's latest collection with the label since he began his tenure in early 2025. View Gallery Launch Gallery: Chanel Fall 2025 Ready-to-Wear Collection Best of WWD Ireland Baldwin's Style Evolution: From Runway Model to Red Carpet Fixture [PHOTOS] Zendaya's Hair Journey Through the Years: From Blonde to Braids and More Red Carpet Styles [PHOTOS] Meghan Markle Wears Loro Piana, Zara and More 'With Love, Meghan' Looks [PHOTOS]
South China Morning Post
05-02-2025
- Entertainment
- South China Morning Post
Leather is back, and not just for jackets – just look at Prada and Saint Laurent
If the many things to take from the spring/summer 2025 shows – including a palpable feeling that personal style is making a comeback – it's that leather is an essential in our wardrobes. By that we mean well beyond your trusty leather jacket. Though judging by how many iterations of this 'It' girl favourite were spied on the runway – from aviator styles at Saint Laurent and chic bombers at Hermès, to mustard-coloured overcoats at Prada – these are not going anywhere, either. Beyond leather jackets though, there were super-sharp leather sets at Jil Sander and ultra-luxurious crocodile leather tops at Fendi. You could find leather trench coats at LaQuan Smith and at Prada; in a collection intent on challenging homogeny in fashion, the leather swimsuits and harnesses were especially striking. Bottega Veneta Trompe l'œil leather shirt jacket at Mytheresa. Photo: Handout Meanwhile, at Bottega Veneta, Matthieu Blazy – since named the creative director at Chanel – played with the house's inimitable leather offerings. This season he incorporated oversized leather camp shirts in a burgundy snake print and orange snakeskin leather pencil skirts with tassels that swished as the models walked. Let's not forget, this was the man who created a leather check shirt and leather trousers that looked like jeans – nobody has played with leather as a trompe l'oeil quite like Blazy. Actress Michelle Yeoh wore an intricately woven leather shirt from the label at the spring/summer 2025 show in Milan. Hermès' womenswear creative director Nadège Vanhée explored the sensuous feeling of leather on the skin with supple leather paired with filmy, sheer separates. Another highlight when it comes to reimagining leather was Tod's. Here, a certain tactile take on elegance could be found in the blouson leather T-shirts worn with leather trousers, and pleated leather maxi skirts. The feeling emanating from this collection was of a certain allure and ease – the woman in leather separates looks expensive, but also sure of herself. Indeed, the feeling of the season was that a woman in leather – a material that adds texture and contradiction – is almost always guaranteed to be interesting. Hermès spring/summer 2025. Photo: Handout Gaëlle Drevet, founder of Parisian cool girl label The Frankie Shop – worn by the likes of Hailey Bieber and Gigi Hadid – says leather elements in an outfit add edge to an everyday look. Something else to like about leather, she notes, is its versatility. 'It's a simple fact that leather does shine a little, and it will instantly elevate even the simplest outfit; it gives a sense of confidence and power. Whether it's a tailored leather shirt or pencil skirt, [leather separates] make a statement and are easy to style for day or night,' she says.
