Fashion
Acne Studios expands in France with redesigned historic HQ
Translated by
Nazia BIBI KEENOO
Published
September 12, 2025
Acne Studios acquires a major new showcase in Paris. Following the opening of its Stockholm headquarters dedicated to design in 2019, the Swedish brand, known for its avant-garde creations, is relocating to Paris, into a beautiful turn-of-the-century townhouse that once housed a pharmaceutical laboratory. The space, tucked away at the end of a courtyard at 48 rue des Petites-Écuries in the 10th arrondissement, brings together all the label’s departments, including part of the women’s and accessories design studios, in a décor blending traces of the past with contemporary works of art.
The design project was conceived by Jonny Johansson, co-founder and artistic director of Acne Studios, in collaboration with the Swedish architecture and design firm Halleroed, which has been collaborating with the brand for over ten years. “The space retains the raw grandeur of the laboratory and mansion built in the 1930s, enriched by a selection of contemporary artworks and furniture from Jonny Johansson’s close circle of collaborators,” the house said in a statement.
The mansion was built in 1926 by the Prevet family, the original owners of Gomenol. The laboratory, which occupied the premises until the 1980s, was renowned for its production of tinctures and plant-based oils, particularly an essential oil extracted from niaouli, Goménol. The former laboratory now features a spacious showroom on the ground floor, complete with raw concrete columns, an original vaulted glass ceiling, and white-painted walls, as well as a fitting room for VIP customers.
The idea was to harmoniously integrate these historic elements into the new layout. As Jonny Johansson explains: “Our main objective was to respect the history of the place while infusing it with a fresh, modern energy. The building itself has an incredible architectural presence. It’s steeped in history, and you can feel that when you walk through its rooms. We didn’t want to erase this effect.”
“On the contrary, we wanted to create a kind of dialogue between past and present, guided by the original structure. It’s important to preserve these traces of the past, not only out of respect, but also because it shapes the atmosphere and energy of the building and creates a basis for the kind of creative work we do,” he continued.
The entrance to the building, which serves as a reception area, retains meticulously restored gilded moldings, friezes, woodwork, and parquet flooring. Similarly, the canteen on the mezzanine floor features its original tiled floor. It features large, light-wood communal tables, which can also be used for meetings or work sessions. It adjoins a kitchen and leads to a sunken outdoor garden. The offices and design studio are on the first floor.
The entire building, which will accommodate around 80 employees, is adorned with designer furniture, including the garden seating and showroom sofas designed by British designer Max Lamb, a long-time collaborator of Acne Studios. The same goes for lighting artist Benoît Lalloz, who created a bespoke light installation. In addition, the courtyard features works of art, including Daniel Silver’s marble sculpture and candelabras by Sylvie Macmillan.
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In the Tiruppur market, cotton yarn trade soared by ****;*–** per kg since last Friday. Spinning mills are increasing yarn prices to cover additional cost of production due to costly cotton. Cotton prices jumped by ****;*,***–*,*** per candy in the last couple of days. A trader from Tiruppur market told Fibre*Fashion, “It was inevitable to increase yarn prices as mills cannot absorb such steep rise in cotton prices. Even after increase in yarn prices, supplies are still limited as mills are exporting yarn at attractive prices. Indian spinning mills’ cotton yarn export ratio increased up to ** per cent of its total production from nearly ** per cent, few months ago.”
In Tiruppur, knitting cotton yarn prices were noted as: ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg (excluding GST), ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg, and ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg.
The company’s consolidated revenues stood at $921 million for the quarter ended March 31, 2026, down 1.7 per cent year on year (YoY), or 4 per cent on a constant currency basis. DTC revenues rose 12.1 per cent, while wholesale revenues declined 9.9 per cent. Gross margin fell to 56.8 per cent from 57.8 per cent, while operating income declined 9.9 per cent to $201 million. Diluted earnings per share (EPS) slipped to $2.71 from $2.83.
Crocs has reported better-than-expected Q1 2026 results, with revenue at $921 million, down 1.7 per cent, driven by 12.1 per cent DTC growth. Gross margin fell to 56.8 per cent, while EPS dipped to $2.71.
The Crocs brand grew modestly, but HEYDUDE declined.
CEO Andrew Rees highlighted strong consumer demand and raised FY26 guidance, projecting EPS of $13.20-13.75.
“We are pleased to have started the year with better-than-expected results, fuelled by broad consumer relevance for both of our brands and disciplined execution,” said Andrew Rees, chief executive officer (CEO) at Crocs. “We delivered enterprise revenue of over $900 million, supported by strong consumer response to product newness and consistent brand storytelling.”
The Crocs brand posted modest growth, with revenues up 0.8 per cent to $767 million, supported by a 12.9 per cent rise in DTC sales. International markets remained resilient, growing 7.2 per cent. However, North America revenues declined 6.1 per cent, Crocs said in a press release.
HEYDUDE revenues fell 12.3 per cent to $154 million, weighed down by a sharp 24.7 per cent drop in wholesale sales, although DTC revenues rose 8.6 per cent.
The company ended the quarter with $131 million in cash and reduced total borrowings to $1.34 billion.
Crocs lifts FY26 outlook; sees modest margin expansion
For full-year 2026, Crocs now expects revenues to range from down 1 per cent to up 1 per cent, with adjusted diluted earnings per share projected between $13.2 and $13.75. The company also anticipates modest expansion in adjusted operating margin.
For the second quarter, revenues are expected to decline slightly, with Crocs brand growth of 1–3 per cent and HEYDUDE projected to fall 12-14 per cent. Adjusted operating margin is forecast at around 24.7 per cent.
“Based on our first quarter performance, we are raising our full-year outlook on both the top- and bottom-line,” added Rees. “We remain confident in the long-term health of the business as we drive diversified growth across brands, channels and markets.”
Fibre2Fashion News Desk (SG)
The rise was largely driven by a rebound in energy costs. Prices of non-regulated energy products surged from a 2 per cent decline to a 9.9 per cent increase, while regulated energy prices rose 5.7 per cent after previously contracting, Istat said in a press release.
Italy’s inflation rose to 2.8 per cent YoY in April 2026 from 1.7 per cent in March, driven by a sharp rebound in energy prices, Istat said.
Monthly inflation stood at 1.2 per cent.
Goods inflation strengthened, while services inflation eased.
Transport costs increased notably.
The harmonised index (HICP) rose 2.9 per cent YoY, reflecting higher prices and seasonal factors.
In contrast, services inflation showed signs of moderation. Prices for recreation-related services eased to 2.6 per cent YoY, while transport services slowed sharply to 0.5 per cent. Overall services inflation decelerated to 2.4 per cent from 2.8 per cent in March.
Goods inflation, however, strengthened significantly, rising 3.2 per cent YoY compared with 0.8 per cent in the previous month. This narrowed the inflation gap between goods and services to -0.8 percentage points, down from +2 percentage points in March.
The monthly increase in the index was primarily led by higher prices for non-regulated energy (+5.7 per cent), transport services (+1.6 per cent), and recreation-related services (+1.4 per cent).
Among major consumption categories, water, electricity and fuels recorded a sharp 5.3 per cent annual increase, while transport prices rose 3.8 per cent.
Italy’s harmonised index of consumer prices (HICP), which allows comparison across the euro area, rose 2.9 per cent YoY in April, up from 1.6 per cent in March. On a monthly basis, HICP increased 1.7 per cent, partly reflecting the end of seasonal discounts in clothing and footwear.
Fibre2Fashion News Desk (SG)
Cotton price surge lifts yarn rates sharply in South India
Oil prices fall as Trump pauses Project Freedom to seek final peace deal with Iran
US’ Crocs’ Q1 strong on DTC growth; margins, EPS decline
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