Latest news with #Leather
NDTV
5 days ago
- Entertainment
- NDTV
Post Kolhapuri Row, Indians Online Say Prada's Latest Heels Remind Them Of Juttis
Post the outrage against the Kolhapuri-inspired sandals featured in Prada's Men's Spring/Sumer 2026 show, the luxury brand is under fire yet again. This time, it is for the new Antiqued Leather Pumps by Prada that the Indians believe mimic traditional Rajasthani juttis. The netizens were very prompt in pointing out the uncanny similarity between Prada's heels that boasted of an 'original and unconventional' design and the handcrafted ethnic footwear that has been worn for ages across India. This is despite the minor tweaks to the footwear released by the luxury fashion major, like the heels, the pointed-toe of the shoe, visible stitching, and leather finish. What's gotten even more criticism is the lack of any reference to the cultural roots of the heels. In light of this repeat episode of not giving credits to the original product - its roots and geo-cultural significance; it is questionable whether luxe labels like Prada are learning from their past mistakes or are simply on a path to rebrand traditional designs to cater to a global market with any attribution, whatsoever. This also creates greater noise around cultural appropriation dialogue, the call for more accountability on the brand's part, fair credit and recognition being given to the places of origin and artisans of such couture pieces. All of which have become the need of the hour in the world of fashion. Post kolhapuri row, now Indians find Prada's all new heels similar to Rajasthani juttis.
Yahoo
6 days ago
- Business
- Yahoo
Why LVMH Rallied Today
Key Points LVMH rallied even as it posted continued revenue and profit declines. Still, it seems investors had anticipated even worse results. LVMH has top brands and was down 45% from highs, so investors may think the stock had bottomed. 10 stocks we like better than LVMH Moët Hennessy - Louis Vuitton › Shares of iconic brand house LVMH Moët Hennessy (OTC: LVMUY) rallied 5.3% on Friday, as of 3:28 p.m. ET. The luxury goods giant reported earnings last night for the first half of 2025, which showed continued year-over-year declines in revenue and profits. And yet, LVMH's stock rose, as results were apparently better than feared, and investors may believe the stock has already bottomed after being cut in half from its highs. Revenue and profits down but so was the stock Coming into the day, LVMH's stock had fallen 14.6% year to date and was over 45% below its all-time high. So, there was already a lot of pessimism around the stock, especially as the U.S.-China trade tensions had ratcheted up in the second quarter. Those are, essentially, LVMH's two most important markets. In the first half, LVMH's revenue declined 3% year over year on an organic basis, and operating profits fell 15%. While there were improvements in most of LVMH's product categories from Q1 to Q2, the company's core Fashion & Leather Goods segment got worse. LVMH (OTC: LVMUY) Revenue growth Wines & Spirits Fashion & Leather Goods Perfumes & Cosmetics Watches & Jewelry Selective Retailing Total First- quarter revenue (9%) (5%) (1%) 0% (1%) (3%) Second quarter (4%) (9%) 1% 0% 4% (4%) First half (7%) (7%) 0% 0% 2% (3%) Data source: LVMH 1H earnings release. The Fashion & Leather Goods segment accounts for nearly half of revenue and nearly 80% of operating profits. So the fact that that segment saw an accelerating decline wasn't good. That being said, LVMH stock rallied anyway, perhaps due to fears the recent tariffs would have led to an even greater downturn across the business. LVMH's brand-focused margins spur optimism Despite the revenue and margin decline, LVMH still made a healthy 22.6% operating margin, owing to its famous brands and diversification. And while the stock may not look "cheap" on an absolute basis of 20 times this year's earnings estimates, luxury goods tend to garner higher multiples in the market due to the perception of resilient demand among well-off customers. Of course, these companies aren't immune from the economic cycle, especially in China, which has been in recessionary conditions for three years now. So despite lukewarm, not-so-great results, it appears investors believe the recent decline has provided a solid bottom for the stock. LVMH remains an interesting turnaround story, as long as the economic climate in the U.S. and China improves. Should you invest $1,000 in LVMH Moët Hennessy - Louis Vuitton right now? Before you buy stock in LVMH Moët Hennessy - Louis Vuitton, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and LVMH Moët Hennessy - Louis Vuitton wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $636,774!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,942!* Now, it's worth noting Stock Advisor's total average return is 1,040% — a market-crushing outperformance compared to 182% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of July 21, 2025 Billy Duberstein and/or his clients have no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why LVMH Rallied Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Irish Daily Mirror
6 days ago
- Lifestyle
- Irish Daily Mirror
Next's new 2-in-1 dress impresses with its high-end look and faux leather skirt
Shoppers are in for a treat with this stylish jumper dress that gives the illusion of an attached separate skirt. Next is retailing the Black 2-In-1 High Neck Faux Leather PU Mix Belted Jumper Dress for €64, which 'looks expensive'. The 2-in-1 dress merges a faux leather skirt with a ribbed, long-sleeve jumper and also features a high neck. Additional details include a tie waist belt and stitched panelling. Customers can choose between a regular fit or petite version, with sizes ranging from x-small to 2x-large, reports Birmingham Live. This 2-in-1 dress fuses a faux leather skirt with a cosy ribbed longsleeve jumper The 2-in-1 dress is exclusively available in black and has proven a massive hit with shoppers, earning an impressive five-star rating on the Next website. One positive review stated: "Love this dress it fits perfectly my husband said it looks like it was made just for me. "It's very comfortable on and I think it looks much more expensive than it was." Another shopper had a similar response, saying: "I love this dress! The materials feel soft and expensive. It's very comfortable and flattering." Another review mentioned: "Great fit, stretchy top with slightly looser bottom. Comfortable to wear. Great for a night out but not too over the top for day." The dress also features a high neck, a tie waist belt and stitched panelling While a fourth delighted customer said: "Fits beautiful. Really smart dress but fashionable. Perfect material too However, a negative review pointed out: "The only gripe, is trying to iron (on reverse side) to flatten the faux leather, which was a bit creased on delivery." The Black 2-In-1 High Neck Faux Leather PU Mix Belted Jumper Dress from Next can be purchased for €64. Subscribe to our newsletter for the latest news from the Irish Mirror direct to your inbox: Sign up here.
GMA Network
23-07-2025
- Business
- GMA Network
Economists say 19% Trump tariff to have limited impact on PH GDP
President Ferdinand 'Bongbong' Marcos Jr. meets with US President Donald Trump in the Oval Office at the White House in Washington, D.C. on July 22, 2025. REUTERS/ Kent Nishimura While Philippine exports to the United States are still set to face a 19% tariff, economists expect only limited impact on the country's economy given its relatively low dependence on American demand compared with other Asian economies, with local exporters bearing the brunt. Early morning on Wednesday (Philippine time), US President Donald Trump announced a new 19% tariff rate for Philippine goods. This is lower than the 20% announced in a letter earlier this month, but higher than the 17% rate announced last April on what the US president referred to as Liberation Day. "The impact on the Philippines economy from the trade deal is unlikely to be huge—the country is one of the least dependent economies in Asia on US final demand," Capital Economics senior Asia economist Gareth Leather said in a commentary. "The fact that it has had to settle for tariffs of 19%, suggests other countries still in negotiations with the US will have difficulty negotiating tariff rates much below 20%, which looks set to become the benchmark for the rest of the region (excluding China)," he added. Latest data available from the Philippine Statistics Authority (PSA) show that Philippine exports stood at $7.288 billion in May, with the United States accounting for $1.109 billion or 15.2%. Imports for the month were recorded at $10.578 billion, of which $647.34 million or 6.1% came from the US. According to Leather, the latest rate removes some downside risks facing the Philippines, as it remains close to what other countries in the region are likely to face, and that the country is not expected to see a loss of competitiveness against other countries in the region. Compared to others Based on Trump's recent announcements, the Philippines' 19% tariff compares with Japan's 15%, Indonesia's 19%, Vietnam's 20%, South Korea and Malaysia's 25%, China's 30%, Thailand and Cambodia's 36%, and Laos and Myanmar's 40%. "Unlike the deals that were announced with Vietnam and Indonesia, there was no mention of the Philippines being required to clamp down on rerouting from China. We suspect this is probably something that will be inserted into a final agreement, but it was notable that Trump sounded relatively relaxed about the relationship between the Philippines and China, noting 'your dealing with China wouldn't bother me at all,'" Leather said. Posting on his Truth Social media platform, Trump initially said the Philippines is going open market with the United States with zero tariffs, while the Philippines would pay a 19% tariff. However, President Ferdinand "Bongbong" Marcos Jr., who had a meeting with Trump before the 19% rate was announced, has since clarified that the zero tariffs on US products would only apply to certain markets such as automobiles. Exporters to bear brunt Leather's remarks were echoed by Rizal Commercial Banking Corp. (RCBC) chief economist Michael Ricafort, who said the adjustment does not come as a complete surprise as other economies in the Association of Southeast Asian Nations (ASEAN) regional bloc were also slapped with tariffs higher than those reported in April. "Limited drag on Philippine GDP, as the Philippine economy is less reliant on exports as a source of economic growth. Philippine merchandise exports are three to five times lower compared to major ASEAN countries on a yearly basis," he said in a separate commentary. "Philippine exports are not that huge compared to other ASEAN/Asian countries, so more limited adverse impact on the Philippines by the US reciprocal tariffs," he said in a separate commentary. Ricafort noted, however, that exporters would still bear the brunt of the impact, and that the Philippines could still be affected indirectly. "The biggest hit would still be on Philippine exporters with the 19% tariffs/tax (except for electronics; according to the leading Philippine negotiators), since the US is the Philippines' biggest export market, accounting for 17% of the total, thereby could slow down Philippine exports sales/demand that, in turn, could indirectly slow down the overall economy," he said. He added that the higher reciprocal tariffs and uncertainties could slow demand for exports to the US, slow down global investments, global trade, employment, and the overall world economy, dragging down Philippine growth. Philippine Exporters Confederation (PhilExport) president Sergio Ortiz-Luis Jr. earlier said a 17% or 20% tariff rate for the Philippines would still be okay "on face value," but this would also depend on rates being imposed on other countries. "Initially, we expected that when we were 17%, the manufacturers would move to the Philippines. Actually, they haven't moved yet… Even now, even at 17%, we have difficulty competing with Vietnam," he said. No relative advantage For Aris Dacanay, ASEAN economist of Hongkong and Shanghai Banking Corporation Ltd. (HSBC), the latest rate is in line with Indonesia and Vietnam, removing the relative advantage that the Philippines earlier stood to gain from a substantially lower tariff, which could have potentially led to manufacturers relocating to the country. "Without the relative advantage of a lower tariff rate, economic growth will face headwinds, and it will also be harder to attract FDI (Foreign Direct Investments) to the Philippines," he said in a separate report. "The Philippine economy gained only a minimal competitive advantage compared to its ASEAN peers during this period due to the strong peso and high inflation. A reciprocal tariff of 19% would erase this advantage and risks putting Philippine exports at a disadvantage in the US market," he added. Dacanay expects the Philippines to rely on its playbook of maintaining a "robust reform narrative" to attract investments and technologies, and push through with its ambitious infrastructure agenda, and liberalizing different sectors. The Philippine economic team last month slashed its economic growth targets for this year and the next three years, citing heightened global uncertainties including the implementation of reciprocal tariffs. The Development Budget Coordination Committee (DBCC) now targets economic growth to average between 5.5% to 6.5% this year, down from the previous target range of 6.0% to 8.0%. It also lowered its target range for 2026 to 2028 to 6.0% to 7.0% from the previous range of 6.0% to 8.0%. Moving forward, Philippine officials are expected to continue negotiating with the US in the hope of decreasing the tariff rate further. — VDV, GMA Integrated News
Daily Record
06-07-2025
- Business
- Daily Record
M&S' 'fabulous' £35 crossbody bag looks 'just like' £737 Bottega Veneta version
Marks and Spencer's bag looks very similar to a designer version - without the hefty price tag Marks and Spencer is selling a crossbody bag that bears a striking resemblance to a designer version. The retailer is well known for its fashion ranges and there may be a new favourite in stock now. The M&S Faux Leather Cross Body Bag, priced at £35, looks similar to one by designer brand Bottega Veneta - but for a fraction of the cost. The bag is currently only available in red, with the black and cream versions sold out online. Marks and Spencer also stocks the £55 Straw Shoulder Bag, and the Faux Leather Woven Shoulder Strap for £45. The retailer also has the Faux Leather Woven Clutch Bag for £35. Alternatively, shoppers looking for a different style could opt for the Next Tan Brown Leather Fringe Cross-Body Bag, priced at £35. New Look also has the Bright Red Quilted Faux Leather Mini Crossbody Bag for £21.99, while River Island stocks the £36 Cream Metal Handle Quilted Tote. M&S' Faux Leather Cross Body Bag looks similar to the designer version, with matching woven designs and zip fastenings. They both also feature a lined main compartment and a secure slip pouch. However, there are some differences between the two. The M&S version has a slightly thinner strap, while the designer version features flap closure that the cheaper option doesn't have. The Marks and Spencer bag has proven popular online, with many shoppers praising it in their reviews. One person said: "Fabulous. Great bag." A second wrote: "I love this little red bag which is just the right size to hold my essentials, and add a pop of colour to my outfits." A third added: "Stylish bag. Bought this in red and its gorgeous! Can't wait to use it." However, some shoppers were slightly less impressed, with one saying: "I really loved the style of the bag but I didn't like the zip, it kept getting stuck when I tried to open & close it, I don't know if it was a faulty zip but it was a lot of money to just make do." A second wrote: "Poor quality material and zip. Not worth the money." Despite this, others continued to praise the bag. One person said: "Lovely little bag just big enough for my items. Looks good and not cheap. Value for money." While the M&S Faux Leather Cross Body Bag is priced at £35, the Bottega Veneta Small Nappa Intrecciato Olimpia shoulder bag is currently priced at £737 on websites specialising in pre-owned items. This means shoppers could save around £702 by opting for the cheaper alternative.
