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FDCI COVID-19 SUPPORT FUND

While the nation is undergoing a lockdown due to the pandemic, Indian fashion is steadfastly united in their resolve to come out of this unscathed. The Fashion Design Council of India has announced its COVID-19 Support Fund for designers — now supported by Lakmé Fashion Week.

''Our fashion week sadly had to be postponed in the wake of this Virus leading to loss of a season for the designers. The last month has already seen a drastic dip in sales of Textile and Apparel and with complete lockdown being announced by our Government, the cash flow has been instantly and drastically hit. Salaries, rentals, utility bills, taxes stand to be paid and with orders getting cancelled/ delayed, sales reaching NIL figures and with drying up of reserves I fear some would be severely impacted… FDCI has taken the lead to set up a COVID-19 Support Fund to provide financial assistance to small businesses and young designers in need. An eminent designer member of the industry has very kindly pledged support to this cause. The Council, the Board and myself are putting in the seed funds to get this rolling. We are in this together...'' said Sunil Sethi, Chairman, Fashion Design Council of India in a release. Deep, deep respect.   

 
JEAN PAUL GAULTIER BIDS ADIEU

French couturier Jean Paul Gaultier recently announced on Twitter that his upcoming couture show in Paris, scheduled to take place on January 22, 2020 will be his final one. 'This show celebrating 50 years of my career will also be my last. But rest assured Haute Couture will continue with a new concept,' he tweeted. The news has sent shockwaves throughout the fraternity. Gaultier is legendary for exploring experimental genres, from hypersexual to transfashion, and his five-decade career includes pop icon Madonna's iconic coned corset and the man-skirt!

 
GAURAV GUPTA OPENS IN HYDERABAD

HYDERABAD: If you want to make a style statement in the proverbial sea of black, I have news! After the success of his stores in New Delhi, Mumbai and Kolkata, Gaurav Gupta has opened in Banjara Hills, Hyderabad. Architecturally, the old and new meld in a harmonious contrast… his interpretation of fantasy palatial ruins with mystical references and magical creatures. What can you expect here? The flagship will be a first-of-its-kind experiential retail space in the city unveiling the couturier's progressive bridal couture, women's haute couture and GG Man. Expressing his excitement, Gaurav Gupta says, ''I have always been enamoured by the regal opulence and history of Hyderabad along with the elegance with which people dress here even today. I am delighted to be here in this exciting market to showcase our avant-garde couture, the modern functionality of our bridal wear and occasion wear. We promote the idea that you can use your wedding outfits multiple times. I believe in becoming the brides' confidant and transform her dreams to reality. Be it customisation of the drama of cancan or adding a bustle that gives the drama and functionality, we believe in creating garments with obsessive detailing, which a bride will cherish for a lifetime...''

 
LVMH BUYS TIFFANY

French luxury conglomerate LVMH and global luxury jeweller Tiffany have entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per share in cash, in a transaction with an equity value of approximately €14.7 billion or $16.2 billion. For more than 180 years, Tiffany has been synonymous with elegance, innovative design, fine craftsmanship and creative excellence. The acquisition will strengthen LVMH's position in jewellery, transform its Watches And Jewellery division and further increase its presence in the United States. Bernard Arnault, Chairman and CEO, LVMH, commented, ''We have an immense respect and admiration for Tiffany and intend to develop this jewel with the same dedication and commitment that we have applied to each and every one of our Maisons… ensuring that Tiffany continues to thrive for centuries to come.'' While Alessandro Bogliolo, CEO, Tiffany, said: ''This transaction, which occurs at a time of internal transformation for our legendary brand, will provide further support, resources and momentum for those priorities as we evolve towards becoming The Next Generation Luxury Jeweller. As part of the LVMH group, Tiffany will reach new heights, capitalising on its remarkable internal expertise, unparalleled craftsmanship and strong cultural values.''

 
JENNIFER LOPEZ IS THE NEW FACE OF COACH

Jennifer Lopez is the new face of Coach. The pop icon will star in the brand's Spring 2020 leather goods, ready-to-wear and footwear campaigns, which will be shot by fashion photographer Juergen Teller. "Jennifer is so authentic. She’s determined and she’s an original who has followed her own path to do things her own way. She really embodies the attitude of Coach and our new campaign" says Coach creative director Stuart Vevers. PS This marks a full-circle moment for Lopez, who carried armfuls of Coach bags in her music video, 'All I Have.'

 
 
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