Latest news with #SpringSummer2025
Forbes
14 hours ago
- Entertainment
- Forbes
Karen Arcanjo Champions Poland's Rich Traditions Of Yarn Craft
Karen Arcanjo Spring/Summer 2025 KAREN ARCANJO The Boho revival in 2025 saw the proliferation of handmade elements like crochet, lace, and knits on the runways and Spring/Summer collections. It was a welcome shift from the extreme austerity and restraint of quiet luxury, which had dominated the sartorial conversation for several seasons. In Poland, a new crop of emerging fashion designers are bringing time-honored traditions of yarn craft to the runways and the world. Four years ago, Karen Arcanjo established her eponymous brand in the small town of Orneta (population: 8,951). Having been raised in a household where everyday objects are always made by hand, the fledgling designer rooted her garments on handed-down knitting, crocheting, and lacework techniques. The big idea was to 'develop seamless shapes that are knitted directly into structure.' Instead of crochet and knits as trimmings for embellishment, pieces are looped and loomed directly into form. Karen explains, 'This technique gives our pieces both tension and softness. It not only reduces waste, but also reinforces our desire to create slowly and with intention.' The Toni dress, for example, was shaped and completed entirely through knitting and crocheting. Karen Arcanjo has also integrated the use of fine leathers, sheepskin, cashmere, cotton and silk, most of which are dead stock or done in small batches. When items from the previous season are unsold, they are reworked into newer pieces. Hand knitted Tori dress by Karen Arcanjo copy KAREN ARCANJO Karen Arcanjo's Moodboard KAREN ARCANJO Design codes of the brand read like an ongoing exploration of folk elements harmoniously blending with contemporary forms and tailoring. 'The influence of folklore exists in subtle gestures–the repetition of hand-done textures, rounded shapes, and ornamental stitching,' says Karen. Flared sleeves, gathered collars, long hemlines, and strong shoulders also reference traditional Polish clothing such as the Góralski wool coats or corsets worn by Mazovian dancers. Every collection is balanced out by impeccably tailored garments. These include wide leg trousers, coats, jackets, and blazers. Karen intimates, 'That tension between delicate and bold is what defines our women. It's a duality we fully embrace: craft and cut, fluid and constructed, emotion and edge. There is a sense of drama and dignity. The restraint, repetition, and proud simplicity.' Tailored pieces balance out the softness of hand knitted gowns at Karen Arcanjo KAREN ARCANJO 'It's a duality we fully embrace: craft and cut, fluid and constructed, emotion and edge. There is a sense of drama and dignity. The restraint, repetition, and proud simplicity.' Karen Arcanjo works closely and exclusively with Polish artisans. From inception, the brand has actively led the charge in establishing a regional craft initiative in Orneta and Warmia. Both towns are regarded as centers for traditional knitting and crocheting in Poland. Karen details, 'Each season, the brand organizes workshops (internally referred to as an Artisan Bridge Program) co-hosted with local community centers where older skilled knitters teach traditional techniques such as Lowicki lace loops and Kashubian cable stitches–to younger artisans. Our goal is not just to celebrate these practices but to give them continuity — which means protecting access to raw materials, and creating consistent work for the women who hold these techniques. There's beauty in the slowness of this process.' Emerging Polish fashion designer, Karen Arcanjo KAREN ARCANJO It 's not just craft as output but cultural inheritance, ensuring the continuity of tradition and consistency in quality. Karen emphasizes that artisans are engaged as partners of the brand. 'They are not employees in the traditional sense. This is not factory labor.' Karene emphasizes. 'They work under formal contracts with fair compensations and seasonal bonuses.' The same mentor artisans have worked with the brand since its founding. In the past four years, the Karen Arcanjo team has successfully guided a new generation of apprentice artisans. 'It 's not just craft as output but cultural inheritance, ensuring the continuity of tradition and consistency in quality.' Admittedly, the journey towards producing more consciously and sustainably, especially for an independent fashion brand, is one paved with countless challenges. But Karen ponders, 'To choose intentionality over markers and KPIs surely slowed us down. However, we stayed focused on investing in craft. We cultivated a culture that instilled a deep love for handmade arts and heritage mentorships. We continuously strive for transparency at every stage of production.' Light blue hand knitted dress by Karen Arcanjo KAREN ARCANJO Although deeply rooted in heritage and tradition, the brand is clear about its mission and future goals. 'In many ways, our mission is to modernize these crafts not by re-interpreting them, but by dignifying them–elevating their place in the fashion conversation,' says Karen. 'We see a balance between growth and staying true to what has birthed us. We want to become more intimate with our community through experience based events across both our native market and outside. We are opening doors to global presence, while defending our hand-craft approach.' As of this writing, Karen Arcanjo has signed on with leading e-tailers like Moda Operandi and FWRD. New pieces will be available on both sites by Fall. Printemps and MyTheresa have also expressed an interest in the brand. According to the brand's strategist, Sara King Moura, Bergdorf also wants to have a walk through with aren Arcanjo .'Establishing our presence across both the US and the European market is key,' she shares. 'Instead of rushing into broad collections, Karen Arcanjo has extended the lifespan of the Spring/Summer 2025 into Fall/Winter. This has allowed the brand to fully develop the Spring/Summer 2026 collection as our first considered, 360-degree presentation. It will be our debut collection, complete with expanded categories that include jewelry.'
Hypebeast
31-07-2025
- Entertainment
- Hypebeast
Junya Watanabe MAN x Reigning Champ Reprises SS25 Runway Patchwork
Reactivating their perennial collaborations,Junya Watanabe MANandReigning Champhave released a special set reprising details from the Japanese designer's Spring Summer 2025 show in Paris last year. Honing in on Watanabe's affinity for deconstruction, the set centers on the tartan patches that the designer threaded through the collection. The hoodie and pants are made from Reigning Champ's Midweight Terry, an ideal cotton fabric for the hot and humid summer months, while also offering comfort in transitional seasons. Unlike the casualwear label's typical sizing, the special capsule is comes in Junya Watanabe's Japanese sizing system. Overlapping patches feature various check patterns from black and red flannel check to more traditional tartans reminiscent of vintage British textiles. Elsewhere, the prints are contrasted with color-blocked panels, including a red corduroy patch and frayed black denim patch. While the standard fit hoodie focuses the appliques on the torso, the relaxed fit pants concentrate the patches at the knees. Abstract black stitching over some of the patches recalls the Japanese mending tradition of sashiko, a visible repair method that embraces the character of stitched mends. Many of the fine details that appear in the capsule were turned up to 100 in the original collection, including completely patchworked tailoring and hybrid denim jackets. Shop the limited edition Junya Watanabe MAN x Reigning Champ collection now at the officialReigning Champ webstore. Stay tuned to Hypebeast for the latest fashion industry insights.
National Post
31-07-2025
- Business
- National Post
Canada Goose Reports First Quarter Fiscal 2026 Results
Article content TORONTO — Canada Goose Holdings Inc. (NYSE, TSX: GOOS) announced today financial results for the first quarter of fiscal 2026 ending June 29, 2025. All amounts are in Canadian dollars unless otherwise indicated. Article content 'We're off to a strong start, brand heat is rising, and our DTC performance is delivering,' said Dani Reiss, Chairman & CEO of Canada Goose. 'We're executing with precision, from bold storytelling to smarter retail moves, and it's showing up in results. I'm optimistic about the momentum we continue to see as we deliver more relevant product and run a tighter, more focused business.' Article content First Quarter Fiscal 2026 Business Highlights Article content Notable highlights from our first quarter included the following: Article content Launched our Spring-Summer 2025 collection through a highly stylized campaign, featuring styles that embody a fresh aesthetic while staying true to our heritage. Apparel was the fastest growing category within this collection. Article content Launched the second Snow Goose capsule with a striking summer campaign set in the deserts of expedition featured celebrity guests and other influencers, including our star campaigner Lara Stone. The campaign is building brand momentum, supported by our 360-degree marketing approach, which continues to resonate strongly with consumers. Article content Strengthened our presence in key markets, including two temporary store conversions, bringing the total permanent store count to 76. Article content Showcased our new store design concept in our newly renovated Amsterdam store with elevated finishes, statement ceiling artwork, and a dedicated VIP space for a more luxurious experience. Article content Published our fiscal year 2025 Impact Report 1, which provides an update on the progress of our sustainable impact strategy. Article content Achieved a 9% reduction in Scope 1 emissions and a 25% reduction in Scope 3 emissions year-over-year. We also invested in 10 renewable energy projects to fully match our Scope 2 emission in fiscal 2025. Article content All Year-Over-Year Comparisons Unless Otherwise Noted Article content DTC revenue increased 23.8% to $78.1m, or up 22.8% on a constant currency basis 3 driven by DTC comparable sales 4 growth of 14.8% and revenue from non-comparable stores. Article content Wholesale revenue increased 11.9% to $17.9m or 11.3% on a constant currency basis 3 primarily due to timing of shipments and increased demand from our wholesale partners. Article content Other revenue increased 31.1% to $11.8m or 30.0% on a constant currency basis 3 due to higher number of Friends & Family events. Article content Gross profit increased 25.9% to $66.2m. Gross margin for the quarter was 61.4% compared to 59.7% in the first quarter of fiscal 2026 primarily due to higher margin contribution from our European knitwear facility. Pricing, product mix and channel mix did not have a significant impact on a year-on-year basis. Article content Selling, general and administrative (SG&A) expenses were $224.9m, compared to $149.5m in the prior year period. The increase in SG&A was primarily driven by a one-time financial award of $43.8m (32.0m USD) resulting from the resolution of an arbitration with a former supplier. Additionally, the company incurred costs to expand the global retail network, increased marketing spend with Spring-Summer 25 and Snow Goose campaigns, and invested in product design and merchandising. Article content Operating loss was $(158.7)m, compared to $(96.9)m in the prior year period. Article content Net loss attributable to shareholders was $(125.2)m, or $(1.29) per basic and diluted share, compared with a net loss attributable to shareholders of $(77.4)m, or $(0.80) per basic and diluted share in the prior year period. Article content Adjusted EBIT 5 was $(106.4)m, compared to $(96.0)m in the prior year period. Article content Adjusted net loss attributable to shareholders 5 was $(88.2)m, or $(0.91) per basic and diluted share, compared with an adjusted net less attributed to shareholders of $(76.1)m, or $(0.79) per basic and diluted share in the prior year period. Article content Balance Sheet Highlights Article content Inventory of $439.5m for the first quarter ended June 29, 2025, was down 9% year-over-year, reflecting higher demand and our continued proactive approach to managing inventory. Article content The Company ended the first quarter of fiscal 2026 with net debt 4 of $541.7m, compared with $765.9m at the end of the first quarter of fiscal 2025. This reduction was mainly due to higher cash balances and lower borrowings from our credit facilities compared to the previous year. We began the fiscal year with a larger cash balance, supported by disciplined working capital management and cash generated from operating activities in recent quarters. Article content Conference Call Information Article content The Company will host the conference call at 8:30 a.m. EDT on July 31, 2025. The conference call can be accessed by using the following link: After registering, an email will be sent including dial-in details and a unique conference call pin required to join the live call. A live webcast of the conference call will also be available on the investor relations page of the Company's website at About Canada Goose Article content Canada Goose is dedicated to empowering discovery and pushing boundaries in design, functionality, and style. Inspired by our Canadian heritage, we craft high-performance outerwear, apparel, footwear, and accessories that elevate craftsmanship and embrace individuality. Rooted in resilience and driven by a pioneering spirit, we embolden explorers to thrive in all environments while preserving the planet they roam. For more information, visit Article content Cautionary Note Regarding Forward-Looking Statements Article content 'This press release contains forward looking statements within the meaning of applicable securities laws, including statements relating to the execution of our proposed sustainability strategies, emission and energy consumption and targets, business strategy and our expected operating performance and prospects. These forward-looking statements generally can be identified by the use of words such as 'believe,' 'could,' 'continue,' 'expect,' 'estimate,' 'may,' 'potential,' 'would,' 'will,' and other words of similar meaning. Each forward-looking statement contained in this press release is subject to substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statement. Applicable risks and uncertainties include, among others, in respect of our sustainability strategies and emission targets, assumptions not being realized, scientific or technological developments, evolving sustainability strategies, changes in carbon markets, evolving government regulations or changes in circumstances of our business, and more generally the impact on our operations of the current global economic conditions and international trade environment and their evolution, as well as the other risk factors that are discussed under 'Cautionary Note regarding Forward-Looking Statements' and 'Factors Affecting our Performance' in our Management's Discussion and Analysis ('MD&A') as well as under 'Risk Factors' in our Annual Report on Form 20-F for the year ended March 30, 2025. You are also encouraged to read our filings with the SEC, available at and our filings with Canadian securities regulatory authorities available on SEDAR+ at for a discussion of these and other risks and uncertainties. Investors, potential investors, and others should give careful consideration to these risks and uncertainties. We caution investors not to rely on the forward-looking statements contained in this press release when making an investment decision in our securities. Article content Although we base the forward-looking statements contained in this press release on assumptions that we believe are reasonable, we caution readers that actual results and developments (including our results of operations, financial condition and liquidity, the achievement of our targets, goals and commitments (including our emission targets) and the development of the industry in which we operate) may differ materially from those made in or suggested by the forward-looking statements contained in this press release. Additional impacts may arise that we are not aware of currently. The potential of such additional impacts intensifies the business and operating risks which we face, and these should be considered when reading the forward-looking statements contained in this press release. In addition, even if results and developments are consistent with the forward-looking statements contained in this press release, those results and developments may not be indicative of results or developments in subsequent periods. As a result, any or all of our forward-looking statements in this press release may prove to be inaccurate. No forward-looking statement is a guarantee of future results. Moreover, we operate in a highly competitive and rapidly changing environment in which new risks often emerge. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Consequently, all of the forward-looking information contained herein is qualified by the foregoing cautionary statements. You should read this press release and the documents that we reference herein completely and with the understanding that our actual future results may be materially different from what we expect. The forward-looking statements contained herein are made as of the date of this press release (or as of the date specifically indicated therein), and we do not assume any obligation to update any forward-looking statements except as required by applicable laws. Article content First quarter ended June 29, 2025 June 30, 2024 $ $ Revenue 107.8 88.1 Cost of sales 41.6 35.5 Gross profit 66.2 52.6 Selling, general & administrative expenses 224.9 149.5 Operating loss (158.7 ) (96.9 ) Net interest, finance and other costs 5.4 3.2 Loss before income taxes (164.1 ) (100.1 ) Income tax recovery (38.6 ) (26.1 ) Net loss (125.5 ) (74.0 ) Attributable to: Shareholders of the Company (125.2 ) (77.4 ) Non-controlling interest (0.3 ) 3.4 Net loss (125.5 ) (74.0 ) Loss per share attributable to shareholders of the Company Basic and diluted $ (1.29 ) $ (0.80 ) Article content Condensed Consolidated Interim Statements of Comprehensive Loss Article content (in millions of Canadian dollars, except per share amounts) Article content First quarter ended June 29, 2025 June 30, 2024 $ $ Net loss (125.5 ) (74.0 ) Other comprehensive loss Items that may be reclassified to earnings, net of tax: Cumulative translation adjustment gain 13.1 5.4 Net loss on derivatives designated as cash flow hedges (1.7 ) (1.1 ) Reclassification of net loss (gain) on cash flow hedges to income 0.1 (0.1 ) Other comprehensive income 11.5 4.2 Comprehensive loss (114.0 ) (69.8 ) Attributable to: Shareholders of the Company (113.5 ) (73.2 ) Non-controlling interest (0.5 ) 3.4 Comprehensive loss (114.0 ) (69.8 ) Article content Condensed Consolidated Interim Statements of Financial Position Article content (in millions of Canadian dollars) Article content June 29, 2025 June 30, 2024 March 30, 2025 Assets $ $ $ Current assets Reclassified Reclassified Cash 180.5 61.9 334.4 Trade receivables 73.1 60.2 98.0 Inventories 439.5 484.3 384.0 Income taxes receivable 31.6 31.0 10.2 Other current assets 59.0 57.4 63.8 Total current assets 783.7 694.8 890.4 Deferred income taxes 114.6 96.8 95.7 Property, plant and equipment 159.2 165.7 161.6 Intangible assets 130.9 133.6 131.9 Right-of-use assets 268.9 293.8 280.2 Goodwill 72.0 70.4 72.0 Other long-term assets 1.2 5.4 0.1 Total assets 1,530.5 1,460.5 1,631.9 Liabilities Current liabilities Accounts payable and accrued liabilities 236.9 154.1 186.7 Provisions 35.7 40.8 40.1 Income taxes payable 19.2 15.2 28.6 Short-term borrowings 12.6 36.8 4.3 Current portion of lease liabilities 84.2 82.5 83.9 Total current liabilities 388.6 329.4 343.6 Provisions 16.3 14.6 16.0 Deferred income taxes 11.8 10.7 20.8 Revolving Facility — 53.3 — Term Loan 388.6 391.5 407.7 Lease liabilities 236.5 262.2 246.9 Other long-term liabilities 42.1 43.4 40.3 Total liabilities 1,083.9 1,105.1 1,075.3 Equity Equity attributable to shareholders of the Company 431.7 345.5 541.2 Non-controlling interests 14.9 9.9 15.4 Total equity 446.6 355.4 556.6 Total liabilities and equity 1,530.5 1,460.5 1,631.9 Article content Condensed Consolidated Interim Statements of Cash Flows Article content First quarter ended June 29, 2025 June 30, 2024 $ $ Operating activities Net loss (125.5 ) (74.0 ) Items not affecting cash: Depreciation and amortization 31.2 32.7 Income tax recovery (38.6 ) (26.1 ) Interest expense 4.4 11.8 Foreign exchange gain (3.4 ) (1.9 ) Loss on disposal of assets 0.2 — Share-based payment 4.1 2.2 Arbitration award 43.8 — Remeasurement of put option 1.1 2.1 Remeasurement of contingent consideration (0.1 ) (10.7 ) (82.8 ) (63.9 ) Changes in non-cash operating items (29.2 ) (63.1 ) Income taxes paid (22.3 ) (5.4 ) Interest paid (8.5 ) (10.5 ) Net cash used in operating activities (142.8 ) (142.9 ) Investing activities Purchase of property, plant and equipment (1.3 ) (2.2 ) Initial direct costs of right-of-use assets — (0.1 ) Net cash used in investing activities (1.3 ) (2.3 ) Financing activities Mainland China Facilities borrowings — 16.6 Japan Facility borrowings 8.5 10.8 Term Loan repayments (1.1 ) (1.0 ) Revolving Facility borrowings — 54.3 Transaction costs on financing activities — (0.2 ) Principal payments on lease liabilities (19.4 ) (20.8 ) Net cash (used in) from financing activities (12.0 ) 59.7 Effects of foreign currency exchange rate changes on cash 2.2 2.5 Decrease in cash (153.9 ) (83.0 ) Cash, beginning of period 334.4 144.9 Cash, end of period 180.5 61.9 Article content Non-IFRS Financial Measures and Other Specified Financial Measures Article content This press release includes references to certain non-IFRS financial measures such as adjusted EBIT, adjusted net loss attributable to shareholders of the Company, net debt, and constant currency revenue and certain non-IFRS ratios such as adjusted net loss per basic and diluted share attributable to the shareholders of the Company. These financial measures are employed by the Company to measure its operating and economic performance and to assist in business decision-making, as well as providing key performance information to senior management. The Company believes that, in addition to conventional measures prepared in accordance with IFRS Accounting Standards, certain investors and analysts use this information to evaluate the Company's operating and financial performance. These financial measures are not defined under IFRS Accounting Standards nor do they replace or supersede any standardized measure under IFRS Accounting Standards. Other companies in our industry may calculate these measures differently than we do, limiting their usefulness as comparative measures. Additional information, including definitions and reconciliations of non-IFRS financial measures to the nearest IFRS financial measure can be found in our MD&A for the first quarter ended June 29, 2025, under 'Non-IFRS Financial Measures and Other Specified Financial Measures'. Such reconciliations can also be found in this press release under 'Reconciliation of Non-IFRS Measures' below. Article content This press release also includes references to DTC comparable sales (decline) growth which is a supplementary financial measure defined as a rate of (decline) growth of sales on a constant currency basis from e-Commerce sites and stores which have been operating for one full year (12 successive fiscal months). The measure excludes store sales from both periods for the specific trading days when the stores were closed, whether those closures occurred in the current period or the comparative period. Article content The tables below reconcile net loss to adjusted EBIT and adjusted net loss attributable to shareholders of the Company for the periods indicated, constant currency revenue to revenue across segments and geographies, and net debt for purposes of presenting its calculation. Article content First quarter ended CAD $ millions June 29, 2025 June 30, 2024 Net loss (125.5 ) (74.0 ) Add (deduct) the impact of: Income tax recovery (38.6 ) (26.1 ) Net interest, finance and other costs 5.4 3.2 Operating loss (158.7 ) (96.9 ) Arbitration award (a) 43.8 — Paola Confectii Earn-Out costs (b) 8.5 0.9 Total adjustments 52.3 0.9 Adjusted EBIT (106.4 ) (96.0 ) Article content First quarter ended CAD $ millions June 29, 2025 June 30, 2024 Net loss (125.5 ) (74.0 ) Add (deduct) the impact of: Arbitration award (a) 43.8 — Paola Confectii Earn-Out costs (b) 8.5 0.9 Japan Joint Venture remeasurement loss (gain) on contingent consideration and put option (c) 1.0 (8.6 ) Unrealized foreign exchange (gain) loss on Term Loan (d) (3.5 ) 1.7 49.8 (6.0 ) Tax effect of adjustments (12.0 ) (0.4 ) Adjusted net loss (87.7 ) (80.4 ) Adjusted net (income) loss attributable to non-controlling interest (e) (0.5 ) 4.3 Adjusted net loss attributable to shareholders of the Company (88.2 ) (76.1 ) Weighted average number of shares outstanding 96,913,707 96,611,725 Adjusted net loss per basic share attributable to shareholders of the Company $ (0.91 ) $ (0.79 ) Article content (a) During the first quarter ended June 29, 2025, the Company recognized a charge of $43.8m (USD32.0m) in connection with the resolution of the arbitration proceeding instituted in fiscal 2024, between the Company and a former supplier of the Company from a previously announced commercial dispute relating to the termination of a contract. This amount comprises the financial award and legal costs, and was recorded in SG&A expenses within the interim statement of loss. (b) Consideration payable to the PCML Vendors for the Earn-Out, recognized as remuneration expense. (c) Changes to the fair value remeasurement of the contingent consideration and put option liability, inclusive of translation gains and losses, related to the Japan Joint Venture. The Company recorded a loss of $1.0m on the fair value remeasurement of the contingent consideration and put option during the first quarter ended June 29, 2025 (first quarter ended June 30, 2024 – a gain of $8.6m). These gains and losses are included in net interest, finance and other costs within the interim statements of loss. (d) Unrealized gains and losses on the translation of the term loan facility from USD to CAD, net of the effect of derivative transactions entered into to hedge a portion of the exposure to foreign currency exchange risk. These costs are included in net interest, finance and other costs within the interim statements of loss. (e) Calculated as net (loss) income attributable to non-controlling interest within the interim statements of loss of $(0.5)m for the put option liability and contingent consideration revaluation related to the non-controlling interest within the Japan Joint Venture for the first quarter ended June 29, 2025 (first quarter ended June 30, 2024 – net income attributable to non-controlling interest of $4.3m). Article content Revenue by Geography Article content First quarter ended $ Change % Change CAD $ millions June 29, 2025 June 30, 2024 As reported Foreign exchange impact In constant currency As reported In constant currency Canada 24.4 21.9 2.5 — 2.5 11.4 % 11.4 % United States 26.9 18.5 8.4 (0.2) 8.2 45.4 % 44.3 % North America 51.3 40.4 10.9 (0.2) 10.7 27.0 % 26.5 % Greater China 1 26.0 21.9 4.1 0.3 4.4 18.7 % 20.1 % Asia Pacific (excluding Greater China 1) 13.0 8.9 4.1 (0.2) 3.9 46.1 % 43.8 % Asia Pacific 39.0 30.8 8.2 0.1 8.3 26.6 % 26.9 % EMEA 2 17.5 16.9 0.6 (0.7) (0.1) 3.6 % (0.6) % Total revenue 107.8 88.1 19.7 (0.8) 18.9 22.4 % 21.5 % Article content 1 Greater China comprises Mainland China, Hong Kong, Macau, and Taiwan. 2 EMEA comprises Europe, the Middle East, Africa, and Latin America. Article content Indebtedness Article content CAD $ millions June 29, 2025 June 30, 2024 $ Change March 30, 2025 $ Change Cash 180.5 61.9 118.6 334.4 (153.9 ) Mainland China Facilities — (16.6 ) 16.6 — — Japan Facility (8.5 ) (16.2 ) 7.7 — (8.5 ) Revolving Facility — (54.3 ) 54.3 — — Term Loan (393.0 ) (396.0 ) 3.0 (412.4 ) 19.4 Lease liabilities (320.7 ) (344.7 ) 24.0 (330.8 ) 10.1 Net debt (541.7 ) (765.9 ) 224.2 (408.8 ) (132.9 ) Article content _____________________________________ 1 A copy of our fiscal 2025 Impact Report can be accessed on Canada Goose's website at 2 Comparisons to first quarter ended June 30, 2024. 3 Constant currency revenue is a non-IFRS financial measure. See 'Non-IFRS Financial Measures and Other Specified Financial Measures' for more information. 4 DTC comparable sales (decline) growth is a supplementary financial measure. See 'Non-IFRS Financial Measures and Other Specified Financial Measures' for a description of this measure. 5 Adjusted EBIT, adjusted net loss attributable to shareholders of the Company, and net debt are non-IFRS financial measures, and adjusted net loss per basic share attributable to the shareholders of the Company is a non-IFRS financial ratio. See 'Non-IFRS Financial Measures and Other Specified Financial Measures' for more information. Article content Article content Article content
Graziadaily
02-07-2025
- Entertainment
- Graziadaily
Hailey Bieber Won't Stop Wearing This Nostalgic Shoe Trend – And It's Everywhere
Toteme, Leather Thong Sandals Toteme, Suede Thong Sandal Toteme, Leather Thong Sandal Reformation, Sophie Sandal Next, Forever Comfort® Square Toe Post Low Heels COS, Crossover Strap Kitten Heeled Sandals H&M, Kitten Heeled Sandals M&S, Toe Post Kitten Heel Square Toe Sandals Steve Madden, Tracie Sandal Free People, Dollie Thong Sandals Let's be honest, flip-flops haven't always topped the fashion charts. Usually confined to holiday wardrobes, they still carry a hint of souvenir shop stigma. Lately, though, I've been reconsidering the practical summer staple. Reworked for a more luxe vibe, flip-flops suddenly feel fashion-forward and chic. While we've been pining after The Row's flip-flops recently, my personal favourite reinvention of the sandal comes with a little kitten heel. Marrying practicality with style, heeled flip-flops feel like a nostalgic nod to early 2000s fashion, once advocated by the likes of Paris Hilton and Christina Aguilera. For 2025, the style has firmly reclaimed its cult status, and it's all thanks to one stand-out pair from Toteme. Recently spotted on Hailey Bieber, the Toteme Leather Thong Sandals have been on the radar of fashion's best-dressed for some time now. Crafted from soft leather with a slightly square toe, they've become a go-to for balmy summer months, when trainers feel too stuffy. But this isn't the beauty mogul's first rodeo – she's been seen in these kitten heels on multiple occasions, from the fields of Coachella to the streets of New York City. During the latter, she styled them with noughties-style capri pants in a trendy (yet timeless) polka dot print. 1. Toteme, Leather Thong Sandals These chic, barely-there heeled flip-flops are an elevated addition (both literally and figuratively) to any shoe collection, complete with padded insoles for comfort that lasts from desk to drinks (or breakfast by the pool to alfresco dinners by the sea). It shouldn't come as a surprise that Bieber has become enamoured with the Toteme sandals, given the longstanding celebrity devotion to the heeled flip-flop. Other stylish celebrities, including Kaia Gerber, Zoë Kravitz, and Bella Hadid have all been spotted in the elevated flip-flop silhouette far too often for it not to be a trend for the summer. And it's not just kitten-heeled flip-flops gaining popularity. Back in April, Miley Cyrus wore a stilettoed pair while in New York. Designers, too, have taken note. In September last year, the Spring Summer 2025 runways saw Chemena Kamali revive Y2K-style jelly flip flops at Chloé with a short heel, while Miu Miu offered a bolder take with graphic heeled versions featuring razor-sharp lines. It's only fitting that the flip-flop has resurfaced once again, proving that no trend ever truly disappears; it just comes back in new and unexpected ways. If you're looking to dip your toe (ahem) into the trend, miraculously Bieber's Toteme thong sandals are still in stock. There's also plenty of high street alternatives generating equal hype, proving heeled flip-flops can be executed just as well at a more affordable price point. Brands like COS, Steve Madden, and celeb-approved Reformation immediately come to mind, with the latter's influencer-favourite Sophie sandal available in four shades (including a striking scarlet red) – perfect for adding a pop of colour to your shoe collection this season. The best part? Some options won't set you back hundreds. 2. Toteme, Suede Thong Sandal The buttery suede version of the Toteme sandal is one to have on your radar. It's the perfect minimalist shoe to incorporate into your footwear rotation now that summer has officially begun. 3. Toteme, Leather Thong Sandal Alternatively, you can shop this gorgeous olive colour, crafted with lizard-effect leather that every cool-girl would approve of. Simply add jorts and a baby-tee to fully lean into the Y2K vibes. 4. Reformation, Sophie Sandal Reformation's Sophie Sandals are a sleek, minimalist take on the Y2K thong heel, featuring a modern square toe and a slender kitten heel that adds a touch of polish. 5. Next, Forever Comfort® Square Toe Post Low Heels These incredibly comfortable heels are great if you're planning on wearing them for a city stroll on holiday. Made in a faux croc print material and featuring subtle knot detailing, they're perfect for adding a trendy finish to your practical staples. 6. COS, Crossover Strap Kitten Heeled Sandals COS knows a thing or two about replicating popular trends, and their crossover kitten heels featuring a double strap detail for a contemporary twist, are no exception, 7. H&M, Kitten Heeled Sandals Price: $19.55 (was £22.99) High street hero H&M offers a few low-heel kitten sandals, but our favourite has to be this snake skin iteration, featuring a square toe edge strikingly similar to Toteme's original pair. 8. M&S, Toe Post Kitten Heel Square Toe Sandals M&S' heel offering is particularly extensive, so it was no surprise to find a chic pair of on-trend kitten heel sandals in their shoe section. The contrasting footbeds add a unique finish to this pair. 9. Steve Madden, Tracie Sandal Price: $92 Steve Madden's Tracie sandal is a stylish alternative to Toteme's prototype, featuring a leather upper in a croc print design. These are available in black and chestnut suede, with the latter pairing perfectly with a denim two-piece for a chic Canadian tuxedo look. 10. Free People, Dollie Thong Sandals Free People's Dollie sandals are a classic take on this celebrity favourite, blending laid-back style with a touch of polished sophistication. Emma Richardson is a fashion commerce writer for Grazia. She was previously a fashion and beauty commerce writer for Heat and Closer , and has contributed digital content for a variety of lifestyle brands. Emma finds much of her inspiration in celebrity style, with Sienna Miller often being a major influence, and loves a pair of ballet pumps and a trusted trench coat.
Daily Mail
25-06-2025
- Entertainment
- Daily Mail
Romeo Beckham's ex Kim Turnbull shares sexy backstage snaps from her Agent Provocateur campaign
Romeo Beckham's ex Kim Turnbull flaunted her figure as she shared behind-the-scenes snaps from her Agent Provocateur campaign on Tuesday. The model, 24, features in the Spring/Summer 2025 and Forever Collection Swim Campaign and gave fans a glimpse at the process of shooting the racy images she had shared on Monday. In one snap she sat in her make-up chair in a black string bikini, and another showed her having her bronzed glow touched up as she stood in a leopard-print two-piece. Photos also showed Kim's wardrobe laid out, with a personalized robe with her name on the back, and she tucked into a strawberry in another shot while wearing a matching red bikini. Among the daring snapshots of her posing up a storm against the sun-soaked backdrop of Ibiza in a daring cut-out swimsuit, were glimpses of the DJ laughing and joking around on set. In contrast, one picture saw Kim covered up entirely by a fluffy white towel wrapped around her head, while she celebrated with a glass of wine. Captioning the post, she admitted that working with Agent Provocateur was a dream come true, as she revealed her personal connection to the brand. She wrote: 'KT X AP BTS. AP has been one of my favorite brands since I can remember (literally been stealing bikinis off my mom's friends since I was 13) so shooting this in my favorite place is a full circle moment!! 'Grateful for the chance to collaborate with a team that truly celebrates & empowers women. Thank you to the literal dreamm team! AP girl for life'. Creative Director Sarah Shotton previously explained why Kim was the natural choice for the Agent Provocateur campaign. She said: 'Kim captures everything we love about. Summer, magnetic, inviting, and totally at ease in her skin. She brings a realness to our swimwear that's confident, cool, yet captivating.' Her post comes after Kim spoke to The Sunday Times on her 'tough' experience with fame after recently splitting from Romeo, 22. Images: She shared a series of stunning pics from the campaign And it also came just days after she shot down accusations that she was romantically involved with his brother Brooklyn, 26. In a statement posted to her Instagram account, she insisted: 'I will not continue to receive harassment or be embarrassed on the basis of lies, to fit a certain narrative. 'I have never been romantically involved in ANY capacity at ANY point with the person in question. Soon after Romeo shared a cryptic post about 'spreading unnecessary lies'. Kim continued: 'It's definitely tough, whatever it is, when people are saying things about you that aren't necessarily true and, most importantly in my opinion, don't align with your character and your values. 'You want to turn around and reply to every comment and have your say in it, but at the end of the day you just can't.' Kim had been at the center of the Beckham family fallout, after Brooklyn's wife Nicola Peltz, 30, reportedly claimed that she felt uncomfortable around her. Things came to a head when Brooklyn and Nicola were no shows at any of David's 50th birthday celebrations last month, with The Mail revealing that Kim has been made the 'scapegoat' in the feud. Brooklyn and his wife Nicola snubbed soccer legend David's five celebrations to mark his milestone birthday, including celebrations in Miami, London, Paris the Cotswolds and a boys' fishing trip to Scotland.
