Friday News Rush Featuring Burberry’s 62% Loss In Full Year Profits.
It’s CULTED with your NEWS RUSH for Friday morning.
First up, Burberry has seen a 62% loss in full year profits to £169m.
The luxury brand said it’s “encouraged” by the recovery it’s experiencing in China and Korea, but warned it could “take some time” before it recovers to pre-crisis levels.
In other news, SOMEWHERE® has teamed up with Awake NY for the second release in its WINDOW SHOP concept. The release is a black t-shirt emblazoned on the front and back with a co-branded logo.
As part of SOMEWHERE®’s series, customers can ‘window-shop’ their physical store in Washington via a display that includes a QR code to grab the latest drops on your phone.
Next up, The Kooples has appointed Tom Van Dorpe as its new artistic director.
The brand’s CEO said Tom’s “global vision, his creativity and his sense of sophisticated elegance will be great assets to reinforce the unique imagery of our brand”
To round off today, Jaden Smith has graced us with a new 8 minute music video for his song “Ninety”.
The video opens with the line “this is a twisted love story,” and features his signature pink/blue sunset gradient.
That’s all for today.
It’s Sam with CULTED. Have a great Friday.
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