Welcome again and glad new yr! So far 2026 will not be taking part in round, with an action-packed second week of the yr teed up. In this article we’ll cowl:
- The Golden Globes and the stakes for this yr’s purple carpets
- Saks’ chapter preparations
- The begin of luxurious earnings season
Red Carpet Season Is Here
What’s occurring: The Golden Globes airs on Sunday, a part of a two-month gauntlet of award reveals and events that began with the Critics’ Choice Awards final week and ends with the Oscars in mid-March.
Putting on a present: If luxurious manufacturers have not too long ago invested selectively in these affairs as they tightened their budgets, they’ll definitely be out in drive this yr. Quite just a few manufacturers might be utilizing the purple carpet to point out off the collections that debuted final autumn, which are actually beginning to hit shops.
High-stakes movie star dressing: Almost as essential as the garments is who’s carrying them. Newly put in designers can ship a message about the place they intend to steer their manufacturers through their selection of movie star muses. In some circumstances, meaning bringing over some well-known pals from their final gig, whereas others are beginning contemporary with a lot greater movie star dressing budgets to play with.
Much of the pre-Globes hypothesis has been round who will gown “Heated Rivalry” stars Connor Storrie and Hudson Williams, who might be presenting of their first award present appearances. Few stars can match their obsessive fandoms proper now: Page Six skipped previous awards season totally and devoted a lengthly column to speculating about who they could put on to the Met Gala in May.
Saks Bankruptcy Watch
What’s occurring: Saks has been lining up financing to proceed working after submitting for chapter, which is anticipated to occur inside days. On Friday, Bloomberg reported the retailer might file with out financing in place.
Keeping the lights on: Securing financing avoids worst-case eventualities the place the retailer can be compelled to liquidate or instantly promote itself to pay collectors (although funds may be organized as soon as the chapter course of has kicked off). It additionally would additionally create manoeuvring room to strike a deal for the ailing division retailer operator’s actual property – or the complete firm – that permits Saks, Neiman Marcus and Bergdorf Goodman to show the web page on a troublesome chapter.
Business as standard: Many manufacturers are persevering with to ship merchandise to the retailer, playing that the corporate is just too huge to fail, and {that a} post-bankruptcy Saks might be in a greater place to pay its payments.
Luxury Earnings Season Begins
What’s occurring: Brunello Cucinelli is the primary luxurious model to launch fourth-quarter outcomes, on Jan. 12, adopted by Richemont three days later.
Let the great occasions roll: These two firms are usually not consultant of the sector as a complete, which is struggling to tug itself out of a slowdown. In December, Cucinelli raised its gross sales outlook for the total yr to 12 % development. Richemont’s enterprise is centred on arduous luxurious, and is benefitting from the jewelry growth.
Flies within the ointment: For Cucinelli, there are two wildcards: the model depends extra on shops than many giant luxurious labels, and doubtlessly has better publicity to a Saks chapter.
And there’s additionally the query of whether or not it has absolutely shaken off allegation by a brief vendor that it violated Russian sanctions, and that it had engaged in discounting that run in opposition to its quiet luxurious picture. The firm moved ahead its third-quarter earnings to rebut the claims and reassure traders. However, the model’s inventory has recovered solely half the losses it suffered after the brief vendor’s report.
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