The international fragrance company achieved net income of $27.7 million in the first quarter ended March 31, 2020, up 175% from $10.1 million in the prior-year period, and 47% from $18.9 million in Q1 2019.
The UK luxury industry has praised a move by the US to suspend retaliatory tariffs of 25% imposed on a range of high-end products, including cashmere, wool, tailoring, and bedlinen, albeit for just four months.
London Fashion Week ended Tuesday night after scores of virtual shows, presentations and debates, with a collection by Simone Rocha, and Priya Ahluwalia winning the latest Queen Elizabeth II Award for British Fashion.
The house of Alaïa has chosen Pieter Mulier, the former longstanding right-hand man of Raf Simons, to be its creative director, taking on one of the most prestigious positions in international fashion.
One brand that appeared to be gathering momentum is the house of Alaïa, which profited from haute couture week in Paris to present its latest ideas, many mined very literally from the house's unique archives.