Industry Highlights – Asia Slowdown for L’Oréal, Balenciaga post-Ghesquière, Booming Mens Fashion, Selfridges Largest Shoe Department, M&S Hire Victoria’s Secret Creative Officer

Posted on November 7, 2012

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L’Oréal reports Asia slowdown

“Cosmetics group L’Oréal said that the Asian market was slowing, as it reported 11.8 per cent year-on-year growth in third-quarter sales.The company, whose products include Garnier shampoo, Maybelline mascara and Lancôme creams, said that like-for-like growth in the three months to the end of September rose by 4.6 per cent from the same period last year to €5.5bn.” (FT)

What Next For Balenciaga?

Balenciaga CEO Isabelle Guichot has confirmed that she has “a shortlist” of potential candidates to succeed creative director Nicolas Ghesquière, following yesterday’s confirmation that he would be parting ways with the brand. The designer has acted at the helm of Balenciaga for 15 years. (Vogue UK)

The new male fashionista

“Demand for designer menswear is booming – and it’s all due to the rise in style-smart male consumers, for whom nothing but the latest catwalk pieces will do” (Guardian)

Best foot forward

“Perhaps one of the most neglected relationships of the modern male is the one with his feet. Unlike women who, for the most part, make no bones about their lifelong love affair with shoes, there are, unsurprisingly, many men who pay scant regard to footwear.” (Independent)

Marks & Spencer Hires Victoria’s Secret Chief Creative Officer

“British high-street stalwart Marks & Spencer has employed the former chief creative officer of Victoria’s Secret, Janie Schaffer, as its new director of lingerie and beauty. Schaffer – who was previously a buyer at Marks & Spencer from 1984 to 1986 – has worked for the American underwear label for the past five years.” (Vogue UK)

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