The Business of Fashion: LVMH Moët Hennessy Louis Vuitton Announces Record 2016 Results

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €37.6 billion in 2016, an increase of 5% over the previous year. Organic revenue growth was 6%.lvmh-moet-hennessy-louis-vuitton

In the fourth quarter, revenue increased by 9% compared to the same period of 2015. Organic growth was 8%. The American market remains on a good track as does Europe. Asia, excluding Japan, continued its good momentum.

Profit from recurring operations reached €7 billion in 2016, an increase of 6%, to which all business groups, apart from selective distribution, contributed. This result compares to 2015 which was itself a year of growth. Operating margin reached 18.7%. Group share of net profit was €3 981 million, representing growth of 11%.

Bernard Arnault, Chairman and CEO of LVMH, said: “LVMH achieved an excellent performance in 2016 within a context of geopolitical and economic instability. Continued innovation, entrepreneurial spirit and the quest for excellence: all Maisons continue to assert these core values while maintaining rigorous execution of their strategies on the ground. In an environment which remains uncertain, we can count on the appeal of our brands and the agility of our teams to strengthen, once again in 2017, our leadership in the universe of high quality products.

Key highlights from 2016 include:

  • Record revenue and profit from recurring operations
  • Growth in the United States, Europe and Asia
  • Good performance of Wines & Spirits in all regions
  • The success of both iconic and new products at Louis Vuitton, where profitability remains at an exceptional level
  • Progress at Fendi
  • The sale of Donna Karan and the acquisition of Rimowa, a leader in luggage of excellence
  • Good momentum at Parfums Christian Dior driven by successful product innovations
  • Market share gains at Bvlgari and TAG Heuer
  • Growth at Sephora which strengthened its position in all its markets and in digital
  • Free cash flow of €3 974 million, an increase of 8%
  • Gearing of 12% at end of December 2016

WINES & SPIRITS: GOOD YEAR WITH PROGRESS IN THE UNITED STATES AND REBOUND IN SHIPMENTS TO CHINA

The Wines & Spirits Business Group recorded an increase in organic revenue of 7 %. On a reported basis, revenue growth was 5 %. Profit from recurring operations increased by 10 %. With volumes up 3%, solid growth continues for champagne and prestige cuvees performed particularly well. Hennessy cognac enjoyed an excellent year with 10% volume growth. The American market is growing well and China saw better momentum after a tough 2015 due to destocking by distributors. Other spirits, Glenmorangie and Belvedere, continued their growth.

LVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Mercier, Château d’Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc, Hennessy, Glenmorangie, Ardbeg, Belvedere, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Cape Mentelle, Newton, Bodega Numanthia and Ao Yun.

FASHION & LEATHER GOODS: GOOD PERFORMANCE OF LOUIS VUITTON, OTHER BRANDS STRENGTHENED THEIR POSITIONS

The Fashion & Leather Goods Business Group recorded organic revenue growth of 4% in 2016. On a reported basis, revenue growth was 3 %. Profit from recurring operations increased by 10%. Louis Vuitton had a good year driven by the level of creativity across all its businesses. The continued success of its iconic product range and the strong demand for recent creations such as the new luggage designed by Marc Newson and the Louis Vuitton fragrances, all contributed to this growth. Fendi recorded robust growth crossing the symbolic revenue threshold of 1 billion euros during the year. Loro Piana continued to expand its distribution network and opened a flagship store in Paris. Céline, Loewe and Kenzo all continued to grow. Marc Jacobs continued to work on changes to its collection. Donna Karan was sold in December to the American G-III group. Rimowa, world leader in luggage of excellence, joined the LVMH group.

Its Fashion and Leather Goods division includes Louis Vuitton, Céline, Loewe, Kenzo, Givenchy, Thomas Pink, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Nicholas Kirkwood, Loro Piana and Rimowa.

PERFUMES & COSMETICS: CONTINUED SUCCESS OF INNOVATIONS; EXCELLENT PERFORMANCE IN MAKEUP

The Perfumes & Cosmetics Business Group recorded organic revenue growth of 8%. On a reported basis, revenue growth was 6%. Profit from recurring operations increased by 5%. The inauguration of the new atelier for the creation of fragrances, Les Fontaines Parfumées, at Grasse was a highlight of the year. Parfums Christian Dior grew market share in all regions, driven by the worldwide success of Sauvage and the vitality of its iconic perfumes J’adore and Miss Dior. The progress of makeup also contributed to the Maison’s excellent performance. Guerlain benefitted from the successful launch of its new makeup collection inspired by its fragrance La Petite Robe Noire. Benefit experienced strong growth driven by the success of its new collection for eyebrows. Make Up For Ever, Fresh and Kat Von D performed well.

LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior, Guerlain, Parfums Givenchy, Kenzo Parfums, Perfumes Loewe as well as other promising cosmetic companies (BeneFit Cosmetics, Make Up For Ever, Acqua di Parma and Fresh).

WATCHES & JEWELRY: MARKET SHARE GAINS FOR BVLGARI AND TAG HEUER

The Watches & Jewelry Business Group recorded organic revenue growth of 5%. On a reported basis, revenue growth was 5%. Profit from recurring operations increased by 6%. Bvlgari continued to gain market share with enhancements to its Serpenti, Diva and B.zero1 lines. Growth continued in China, Korea and in the Middle East. TAG Heuer grew despite a difficult market for watches, gained market share and benefitted from the success of its new collections and its connected watch. Hublot accelerated its development in Asia and recorded the best year in its history. Chaumet continued to move its product lines upmarket and inaugurated a new boutique concept in Hong Kong.

LVMH‘s Watches and Jewelry division comprises Bulgari, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred, Hublot and De Beers Diamond Jewellers Ltd, a joint venture created with the world’s leading diamond group.

SELECTIVE RETAILING: GOOD PERFORMANCE AT SEPHORA, DFS IMPACTED BY A DIFFICULT TOURISM CONTEXT IN ASIA

The Selective Retailing Business Group recorded organic revenue growth of 8%. On a reported basis, revenue growth was 7%. Profit from recurring operations declined by 2%. Sephora gained market share across all regions and once again recorded double-digit growth in both revenue and profits. More than a hundred stores were opened in 2016 including notably a flagship store in the World Trade Center in New York and major renovations in Boston and Singapore. Its online offer accelerated with the launch in six new countries. DFS continued to face a difficult environment, notably in Hong Kong. The expansion into new destinations continued. The opening of the T Galleria in Angkor in Cambodia and one in Venice, Italy were the highlights of the year.

LVMH is also active in selective retailing as well as in other activities through DFS, Sephora, Le Bon Marché, La Samaritaine, Royal Van Lent and Cheval Blanc hotels.

Key figures:

             
Euro millions    

2015

 

2016

 

% change

Revenue    

35 664

 

37 600

 

+ 5 %

Profit from recurring operations    

6 605

 

7 026

 

+ 6 %

Group share of net profit    

3 573

 

3 981

 

+ 11 %

Free cash flow*    

3 679

 

3 974

 

+ 8 %

Net financial debt    

4 235

 

3 265

 

– 23 %

Total equity    

25 799

 

27 903

 

+ 8 %

* Before available for sale financial assets and investments, transactions relating to equity and financing activities Continue reading

2016 Holiday Gift Guide: Give The Gift Of Pure Luxury With Ada Diamond’s Latest “Delicate” And “Strong” Jewelry Collections

Ada Diamonds, best known for bespoke, high-end cultured diamond jewelry, unveiled its latest jewelry collections featuring soft and bold pieces for both women and men, perfect for the holiday gift giving season.ada-diamonds-2

Cultured in high-end laboratories, Ada Diamonds offers the most meaningful diamond jewelry across the globe, combining cutting-edge technology, unmatched craftsmanship and sustainable designs. Especially knowing Ada’s lab-grown diamond process brings no harm to the environment, ecosystems or wildlife, the company presents customers the chance to wow their loved ones with 100% conflict free, luxury jewelry pieces sure to impress everyone on their list.

Launching the Delicate and Strong Collections the first week of November, Ada Diamonds celebrates its laboratory-grown diamonds through the creation of these spectacular pieces brightening the holidays for anyone who receives them.

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Ada Diamonds’ new Delicate Collection. www.adadiamonds.com.

Ada DiamondsDelicate Collection boasts modern, timeless pieces that take the guesswork out of gift giving. Offered in a setting of 14kt white, yellow or rose gold, this gorgeous set of necklaces, earrings, rings, and bracelets are ready to wear and feature up to 0.24ctw of cultured diamonds. Retailing at just $500, the Delicate Collection launches with 30 different pieces and is ideal for the holidays, graduation and bridesmaid gifts and even as a personal, well-deserved treat.

Ada Diamonds Strong

Ada Diamonds’ new Strong Collection. www.adadiamonds.com (PRNewsFoto-Ada Diamonds)

In contrast to the Delicate Collection, Ada Diamond‘s Strong Collection gives customers the opportunity to wear something extraordinary. Each ring in the Collection is made of millions of cultured diamonds permanently fused together under a million PSI and under temperatures of over 1500 degrees Celsius. The polycrystalline diamond material, Polydiamond, possesses incredible strength and is the ultimate expression of unbreakable, long-lasting love for both men and women. The striking black color is a result of these millions of diamond crystals pressed together in non-symmetrical orientation, thus absorbing light rather than light passing through as it does a single diamond crystal. The durable, unscratchable nature of the Strong Collection makes it an excellent choice for men’s wedding bands, starting at $1,500.

We all have people on our holiday lists that we want to impress this season – look no further than Ada Diamonds and our two latest collections that are daily wear and ready to wear,” says Jason Payne, CEO of Ada Diamonds. “Jewelry pieces from both the Delicate and Strong Collections ship in one to two weeks.”

David Yurman Debuts Fall/Holiday 2016 Advertising Campaign

This season, David Yurman evolves its iconic advertising with a new campaign that also includes a series of six short movies by celebrated photographer Bruce Weber. Featuring models Natalia Vodianova, Jean Campbell, Dilone and other notables, David Yurman once again creates a disruptive campaign that will have broad appeal, touching those who are drawn to the spirit of the imagery.

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An image from the new David Yurman Ad Campaign featuring Natalia Vodianova shot by Bruce Weber (PRNewsFoto/David Yurman)

Since the beginning, David Yurman revolutionized the jewelry and design worlds with advertising campaigns that were a divergence from the typical still life jewelry ads at the time, bringing lifestyle and energy into the photos. This new campaign evolves the brand story and connects it to a youthful spirit and legacy. The photos capture the essence of David Yurman as the quintessential American luxury brand that expresses jewelry in a relaxed and comfortable setting. Creative direction was led by Shahid & Company.

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Dilone in the David Yurman Fall/Holiday 2016 Advertising Campaign

The lifestyle campaign highlights the unconventional artistry for which the brand is known, both through image and product alike. The women in the campaign including Vodianova capture the epitome of a David Yurman woman who is self-confident, empowered and down to earth. The campaign was shot in Southampton, New York, and styled by Carlyne Cerf de Dudzeele. The images speak to the intent of the brand since the beginning that jewelry is worn to express each individual person’s style and that the jewelry has always been designed to be layered.

Sometimes in fashion you do a sitting and it’s like a Mixed Martial Arts event,” said Weber about the campaign. “But working for David and Sybil Yurman was an exploration into knowing how beautiful jewelry dictates who a person is. I like their openness and their trust, which is rare.”

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David Yurman Fall/Holiday 2016 Advertising Campaign shot by Bruce Weber

The brand’s new collections are featured throughout, with an emphasis on the yellow gold Pure Form, Stax and Supernova collections for women. The Cable Collectibles, Belmont Curve Link and Solari collections round out the narrative, in addition to iconic David Yurman pieces. For men, the Maritime, Forged Carbon and Chevron collections take center stage, punctuated throughout with David Yurman Revolution timepieces.

Bruce Weber has done an incredible job interpreting the spirit of the brand and evolving the expression to encompass more joy, movement and optimism,” said Gabriella Forte, Chief Executive Officer, David Yurman. “When we look at our customers all over the world, we find a sense of passion and youthfulness that has almost nothing to do with age and everything to do with their outlook. The short films Bruce shot are a nod to vintage home movies that capture the essence of the family portrait, which is so important to the brand. Continue reading

ALEX AND ANI Unveils Exclusive Jewelry Collection Featuring Original Copper Preserved from the 1980’s Restoration of The Statue of Liberty

After nearly 100 years of standing guard over New York City Harbor, The Statue of Liberty underwent a much-needed restoration from 1984-1986. Stainless steel armature bars replaced her original iron frame and copper supports. The original copper was then preserved and stored for over 30 years, awaiting a new purpose. In a history-making unveiling, the copper preserved from the Statue of Liberty‘s centennial restoration is now available to the public through a jewelry and accessory line. ALEX AND ANI announces the groundbreaking launch of its LIBERTY COPPER Collection, supporting the work of The Statue of Liberty-Ellis Island Foundation.

ALEX AND ANI Bangle

(PRNewsFoto/ALEX AND ANI)

This limited edition collection was created in partnership with The Statue of Liberty-Ellis Island Foundation, Inc., and includes 26 pieces available now. It features an exact replica of Lady Liberty’s torch, made from her preserved copper.

The signature meaning card that accompanies each LIBERTY COPPER Collection purchase reads, “Bearing her torch…we become Lady Liberty’s movement of light and hope. When we CARRY LIGHT, we ignite the light in others, and create one light indivisible.

ALEX AND ANI Poster

(PRNewsFoto/ALEX AND ANI)

The biggest honor of my life is to take her message and make it literally, physically attached to each and every one of us,” says ALEX AND ANI Founder, CEO, and Chief Creative Officer Carolyn Rafaelian. “LIBERTY ENLIGHTENING THE WORLD. That’s who she is. She holds the torch to light our path.”

With this, ALEX AND ANI encourages consumers to draw inspiration from Lady Liberty, and recognize the light they bring to the world. The company is asking people to answer the question, “What do you CARRY LIGHT for?” — for example, their causes, passions, art, the Earth, loved ones — then share their response via social media, inspiring others to do the same with the hashtag #CARRYLIGHT.

The Statue of Liberty-Ellis Island Foundation, Inc. is a non-profit organization founded in 1982 to raise funds for and oversee the historic restorations of the Statue of Liberty and Ellis Island, working in partnership with the National Park Service/U.S. Department of the Interior. In addition to restoring the monuments, the Foundation created a museum in the Statue’s base and the world-class Ellis Island National Museum of Immigration, The American Immigrant Wall of Honor®, the American Family Immigration History Center® and The Peopling of America® Center completed in 2015. Its endowment has funded over 200 projects at the islands.

We always knew there was a greater purpose for these preserved materials,” said Stephen A. Briganti, President and CEO of The Statue of Liberty-Ellis Island Foundation. “This collaboration with ALEX AND ANI will bring the Statue’s message and spirit directly into the lives of people around the world. We couldn’t be more pleased.”

(ALEX and ANI also released a short film celebrating the history of the Statue of Liberty and the collection. You can watch the video here.)

The collection is now available at ALEX AND ANI stores nationwide, as well as alexandani.com, and authorized retailers. For more information about the signature collection, visit alexandani.com. For more information about The Statue of Liberty-Ellis Island Foundation, visit www.LibertyEllisFoundation.org.

Robert Redford’s Sundance Celebrates 20th Anniversary of Jewelry Catalog

Premier Lifestyle Retailer Marks 20th Anniversary with Limited Edition Collection and Trunk Shows

Sundance, a premier lifestyle retailer of women’s and men’s apparel, footwear, jewelry, accessories, art, and home décor, is pleased to celebrate 20 years since the Jewelry Catalog‘s first mailing.

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20th Anniversary Jewelry Catalog Cover (PRNewsFoto/Sundance)

Famed actor, director, and visionary of independent filmmaking through the Sundance Institute and the annual prestigious Sundance Film Festival, Robert Redford founded the Sundance Catalog in 1989 to promote the works of artists and craftspeople from across the country and around the world. From a small operation run out of the attic of the old Sundance Village firehouse, the Sundance Catalog has grown to become one of America’s preeminent lifestyle retailers. Offering a thoughtfully curated mix of unique, premium-quality women’s and men’s apparel and footwear, jewelry, accessories, art and home décor, Sundance elevates the traditions of authentic American heritage into a classic and creative style.

In 1996, the inaugural edition of the Sundance Jewelry Catalog, dedicated to the artistry and beauty of jewelry making was created. Showcasing artisans and their craft from all over the world, the jewelry catalog quickly attracted loyal customers who appreciate the authenticity and originality of its collection. Two decades later, as Sundance continues to celebrate the community of jewelry artists who express their individual creativity through inspired use of mixed metals and gemstones, color and form, Sundance is renowned for the unique, yet timeless artisan pieces it offers.

To commemorate the 20th Anniversary, Sundance will introduce a limited edition collection of one-of-a-kind and exclusive pieces by some of today’s premier jewelry artists. Many of the handcrafted works of the featured artisan partners can be found at www.sundancecatalog.com/20years.

In addition to the collection, Sundance will host two trunk shows at the Sundance Stores at Edina Galleria in Edina, MN and Bridgeport Village in Tigard, Oregon to commemorate the 20th anniversary. The trunk shows will feature long-standing Sundance artisan Jes MaHarry who will be showcasing her one-of-a-kind jewelry.

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The flora, fauna and kaleidoscopic landscapes of Jes MaHarry’s California ranch inform her creations. Images drawn from her surroundings become whimsical pictographs scrawled in precious metals. Fanciful beads and colorful gemstones intermingle to reflect nature’s wild abandon. Often she adds an inspirational message like “Live love” or “Honor your dreams.” Each of her jewels is imbued with heart and a handcrafted aesthetic all her own.

From our beginnings in the mountains of Utah, to a beloved multi-channel national brand, we could not be more proud of celebrating this milestone with our most loyal customers,” says President and CEO, Matey Erdos. “We take pride in curating exceptional and unique jewelry collections which embrace creativity and new discoveries for artisans and customers alike. These loyal relationships are the foundation of our success.”

The Sundance Catalog headquarters are located in Salt Lake City, UT. The company’s unique product selection is available through its catalog, website and eight retail stores in Park Meadows, CO, Corte Madera, CA, Edina, MN, Dallas, TX, Southlake, TX, Scottsdale, AZ, Tigard, OR and an outlet store in Salt Lake City, UT. Visit: www.sundancecatalog.com.

Chloe + Isabel Launches Fall 2016 ‘Modern Muses’ Campaign with Renowned Photographer, Mark Seliger

Chloe + Isabel continues its mission to empower and celebrate women through its latest “Modern Muses” initiative. The jewelry brand and pioneer of social retail, celebrating their fifth anniversary, partnered with renowned celebrity photographer Mark Seliger for its new campaign starring seven real-life Chloe + Isabel Merchandisers who each redefine what it means to be a muse today.

Chloe and Isabel Logo

(PRNewsFoto/Chloe + Isabel)

Chloe + Isabel is a jewelry company that works to empower women through its Merchandiser program which offers women training, mentoring and sales and marketing skills that build confidence and drive financial independence. Founder Chantel Waterbury started Chloe + Isabel in 2011 with the mission of creating a social retailing platform devoted to empowering the next generation of female entrepreneurs. Chloe + Isabel offers high quality jewelry, beauty, lifestyle products, and hair accessories with accessible prices. To date Chloe + Isabel has nearly 10,000 merchandisers throughout the country.

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Courtesy of Chloe + Isabel (PRNewsFoto/Chloe + Isabel)

Waterbury, featured alongside the Merchandisers in the images said, “In a world where everyone is so focused on celebrity, I felt it was important to highlight these real, extraordinary and passionate women that represent our incredible Merchandisers. These ladies have made a positive impact on their families and communities, and in my eyes, that is the true definition of what it means to be a modern muse in today’s society. I’ve always been mesmerized by Mark’s work and his ability to capture the true essence of people. He did an amazing job shooting the women as if they were celebrities and really brought our vision to life.

Seliger who is best known for his portraits and fashion work with Vanity Fair, Elle, and Rolling Stone said, “It was such an honor working with Chantel and this inspiring group of women. From the very beginning, the process and collaboration was unique and creatively a delight.

The campaign, which unveils the brand’s fall collection, was inspired by four historic female figures and their corresponding traits, including Lee Miller (The Hero), Anais Nin (The Rebel), Tamara de Lempicka (The Maven) and Leonor Fini (The Artisan). The featured Merchandisers demonstrate similar qualities but are showcased in a way that allows them to shine and tell their individual stories.

Chloe + Isabel‘s fall collection launched this week and will be available exclusively on www.chloeandisabel.com and through its nearly 10,000 Merchandisers nationwide. The merchandisers photographed are located nationwide from Seattle, Washington to Largo, Florida and information on their stories is available upon request.

 For more information, visit www.chloeandisabel.com or join them on Facebook, Twitter, Snapchat, and Instagram.

PANDORA Jewelry Celebrates The Unique Style Of Every Woman With The Introduction Of “The Look Of You”

The International Jewelry Brand Partners with Celebrity Stylists to Showcase the Season’s Hottest Trends in a Docufilm

In an experimental documentary-style film, the celebrated global stylists, Micaela Erlanger, Caroline Issa and Rebecca Corbin-Murray, are introduced to a woman, Ella, who begins by sharing a few personal facts about herself. From this interaction, the stylists are tasked to interpret her personality through a styled look that is influenced by the season’s biggest trends and accentuated by PANDORA‘s Autumn 2016 jewelry collection.

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PANDORA Jewelry Celebrates The Unique Style Of Every Woman With The Introduction Of “The Look Of You”

The docufilm culminates when the stylists unveil their looks, each reflecting a key seasonal trend to complement the woman’s individual personality – Gothic Romance, Metallics and Feminine Florals – while also demonstrating the versatility of PANDORA‘s pieces. In a final twist, the woman then presents a self-styled look that expresses the depth of her personality whilst incorporating elements of wider autumn trends.

I think jewelry tells your own personal story,” says Erlanger. “Whether it’s layering necklaces or mixing metals, or owning that statement ring or charm bracelet that you can add to or pass down. I look for pieces that are an extension of my personality and think it’s important to choose jewelry that speaks to you.”

PANDORA LOGO

PANDORA Logo. (PRNewsFoto/PANDORA)

Erlanger has a reputation for propelling her clients to the best-dressed list of award shows and embracing a styling aesthetic that combines beauty with whimsy. A self-confessed “vintage-a-holic and glamour girl“, her fresh approach to styling continues to be a collaborative and personal process with a-list clients.

The unique docufilm is meant to inspire women around the world to express their individuality with their jewelry –and now more than ever, they can with PANDORA.

PANDORA’s jewelry universe is more adaptable than ever, offering a range of precious metals, vibrant gems and innovative, hand-finished designs that remain at the forefront of seasonal trends,” says Stephen Fairchild, Senior Vice President and Chief Creative Officer at PANDORA Jewelry. “‘The Look of You’ campaign celebrates the versatility of PANDORA’s latest collection and encourages women to embrace their individuality from the inside-out.”

Erlanger’s autumn PANDORA favorites include, asymmetric earrings and pieces inspired by florals. And with the new Autumn 2016 collection that is inspired by a vintage style story, she is able to incorporate these new pieces to create unique looks that mirror every women’s irreplaceable qualities.

Sampling of the Autumn 2016 Collection:

  • Dazzling Poetic Droplet Earrings: Create a fresh and versatile look with these earrings finished with pavé stones and sterling silver ($80)
  • Sparkling Elegance Earrings: Rock these studs set with six bead-set cubic zirconia stones, on your earlobe or cartilage for a touch of elegance ($40)
  • Dazzling Droplets Earrings: Mix and match these sparkling studs with another pair of your favorite studs to create a playful look ($50)
  • Elegant Beauty Earrings: Add a touch of refined elegance with these stud earrings set with white, freshwater cultured pearls ($55)

The film’s experiment confirms the power of personal style in celebrating women’s collective uniqueness, encouraging others from around the globe to express their true selves with inspiration from some of the world’s leading style icons. Housed via a PANDORA digital platform, it will act as a go-to online tutorial for styling for the season to be shared and referenced by women everywhere. It will also call on local style enthusiasts to share their own interpretation of “The Look of You” and experiment with PANDORA‘s latest offering.

PANDORA’s Autumn 2016 collection and “The Look of You” campaign will launch globally on September 1, 2016, with the film released exclusively on PANDORA.net.