Berliner Boersenzeitung - The Westwood brand: cocky, brazen and resolutely independent

EUR -
AED 4.364016
AFN 78.417567
ALL 96.867483
AMD 450.139306
ANG 2.12687
AOA 1089.526391
ARS 1708.237609
AUD 1.713589
AWG 2.138657
AZN 2.016455
BAM 1.960077
BBD 2.393283
BDT 145.397052
BGN 1.995331
BHD 0.447954
BIF 3518.090156
BMD 1.188143
BND 1.507986
BOB 8.22844
BRL 6.261156
BSD 1.188273
BTN 107.983987
BWP 15.639046
BYN 3.388293
BYR 23287.594415
BZD 2.389856
CAD 1.628362
CDF 2590.150451
CHF 0.921963
CLF 0.026003
CLP 1026.745271
CNY 8.285629
CNH 8.255381
COP 4374.800358
CRC 588.01772
CUC 1.188143
CUP 31.485778
CVE 110.512654
CZK 24.223863
DJF 211.156619
DKK 7.468575
DOP 74.40737
DZD 153.508659
EGP 55.8048
ERN 17.822139
ETB 185.672383
FJD 2.624603
FKP 0.872071
GBP 0.867926
GEL 3.19598
GGP 0.872071
GHS 12.958093
GIP 0.872071
GMD 86.734026
GNF 10408.324571
GTQ 9.119513
GYD 248.608166
HKD 9.264975
HNL 31.341388
HRK 7.536628
HTG 155.730295
HUF 381.205443
IDR 19925.210343
ILS 3.702745
IMP 0.872071
INR 108.972281
IQD 1556.601372
IRR 50050.50604
ISK 145.404835
JEP 0.872071
JMD 187.050746
JOD 0.842367
JPY 182.931244
KES 153.211251
KGS 103.903421
KHR 4787.749271
KMF 499.020035
KPW 1069.349129
KRW 1715.107816
KWD 0.364261
KYD 0.990215
KZT 597.057979
LAK 25635.555968
LBP 106408.957519
LKR 367.894434
LRD 219.832635
LSL 19.05436
LTL 3.508276
LVL 0.718695
LYD 7.503816
MAD 10.7989
MDL 20.045837
MGA 5359.031893
MKD 61.76842
MMK 2495.022028
MNT 4236.997474
MOP 9.543546
MRU 47.387192
MUR 54.084302
MVR 18.356675
MWK 2060.425989
MXN 20.590879
MYR 4.711576
MZN 75.934177
NAD 19.053075
NGN 1679.356571
NIO 43.728361
NOK 11.596497
NPR 172.77345
NZD 1.983099
OMR 0.456839
PAB 1.188263
PEN 3.984964
PGK 5.156556
PHP 70.200807
PKR 332.743262
PLN 4.20549
PYG 7985.424499
QAR 4.331908
RON 5.098085
RSD 117.411043
RUB 90.902681
RWF 1733.677795
SAR 4.455422
SBD 9.652008
SCR 17.132595
SDG 714.704334
SEK 10.606662
SGD 1.507759
SHP 0.891415
SLE 28.97996
SLL 24914.754796
SOS 677.899171
SRD 45.297928
STD 24592.152394
STN 24.555234
SVC 10.3973
SYP 13140.351763
SZL 19.038825
THB 36.9245
TJS 11.092504
TMT 4.158499
TND 3.431419
TOP 2.860762
TRY 51.526415
TTD 8.075164
TWD 37.368233
TZS 3017.882305
UAH 51.229904
UGX 4212.404348
USD 1.188143
UYU 44.589924
UZS 14360.180496
VES 418.541536
VND 31114.483609
VUV 142.298833
WST 3.274032
XAF 657.433043
XAG 0.010188
XAU 0.000233
XCD 3.211014
XCG 2.141499
XDR 0.817539
XOF 657.430271
XPF 119.331742
YER 283.131598
ZAR 18.993332
ZMK 10694.712079
ZMW 23.200992
ZWL 382.581423
  • RYCEF

    -0.1200

    17

    -0.71%

  • SCS

    0.0200

    16.14

    +0.12%

  • CMSC

    0.0000

    23.75

    0%

  • NGG

    1.0600

    82.56

    +1.28%

  • GSK

    1.1200

    50.27

    +2.23%

  • RELX

    -0.4170

    39.483

    -1.06%

  • CMSD

    0.0700

    24.2

    +0.29%

  • RIO

    0.7800

    91.21

    +0.86%

  • VOD

    0.0800

    14.25

    +0.56%

  • RBGPF

    -1.5400

    82.5

    -1.87%

  • BCC

    -1.0100

    83.32

    -1.21%

  • AZN

    1.3070

    94.257

    +1.39%

  • BCE

    -0.0490

    25.151

    -0.19%

  • BTI

    -0.2150

    58.945

    -0.36%

  • BP

    0.1550

    36.685

    +0.42%

  • JRI

    0.0600

    13.74

    +0.44%

The Westwood brand: cocky, brazen and resolutely independent
The Westwood brand: cocky, brazen and resolutely independent / Photo: PIERRE VERDY - AFP/File

The Westwood brand: cocky, brazen and resolutely independent

Irreverent British designer Vivienne Westwood, who died on Thursday, succeeded in keeping her fashion house financially independent, even as others sought stock market listings or security within major luxury groups.

Text size:

She weathered the Covid pandemic, inflation and other storms thanks to the support of celebrities such as actor Emma Watson, singer Dua Lupa and British Queen Consort Camilla.

The punk icon's fashion house had just two board members -- Westwood herself and long-time director-general Carlo D'Amario -- until Jeffrey Banks joined them just two weeks ago on December 16.

In 2018, the company went into the red and was restructured.

But it stayed afloat.

"Vivienne did have ups and downs because of Covid, as well as inflation, especially in Europe," said Andrew Burnstine, associate professor in marketing at Lynn University in Florida.

"One of the reasons she was able to weather the recent storm was because of the incredible celebrity client base she had," Burnstine told AFP.

"Having a loyal and solid client base, licences, franchises and yearly collections are the best way to continuing your brand name and identity," he added.

"Vivienne was very good at making calls, meeting with clients and, most importantly, marketing her brand and name on social media and the media."

- 'Buy less. Choose well' -

The latest financial results for Westwood's fashion house published on the UK government's Company House website -- covering the 2020 financial year -- showed a pre-tax profit of 3.9 million pounds ($4.7 million) on sales worth 42 million pounds.

The label had around 500 employees.

The trade press made much of a past run-in Westwood had with the UK tax authorities.

She was accused of underestimating the value of her label by means of payments to a Luxembourg-based subsidiary and was forced, about a decade ago, to pay around 500,000 pounds in extra tax.

Westwood was an environmental and anti-capitalist activist, and coined the phrase "Buy less. Choose well. Make it last."

But she was accused of hypocrisy for continuing to produce several collections every year, including men's and women's ready-to-wear, accessories, perfumes and wedding dresses.

The Westwood label nonetheless prides itself on using organic or recycled synthetic materials, has stopped using plastic packaging and regularly publishes its carbon emissions.

While the majority of the label's sales are in the UK, where it owns six boutiques, the brand also has one outlet each in France and Italy, and two in the United States.

It is also making inroads in Asia, notably in China, Japan, Thailand and Singapore.

It has production sites in the UK, China, Italy and Kenya, with a "Made in Kenya" line that aims to develop a sustainable supply chain in Africa.

- Subverting conventions -

Since 2016, the company's artistic direction has been steered by Westwood's husband and long-time business partner Andreas Kronthaler, who has made a significant contribution to the style of the brand since the couple met in 1989.

That style cocks a snook at bourgeois and aristocratic conventions by subverting traditional British clothing habits.

The cuts are sophisticated but asymmetrical.

Westwood uses traditional flowery or tartan prints, along with tweed and romantic tulle fabrics. But the prints and colours clash.

Tucked-up skirts and crumpled crinolines make for a mad princess or wonky ballerina look -- always provocative, always tongue in cheek.

SM apparel combines with the corsets of romantic heroines. Taffeta dresses are worn as mini skirts with fishnet tights -- a look Westwood herself sported when she collected an award at the Florence Biennale in 2021, at the tender age of 80.

Once a punk, always a punk.

(Y.Berger--BBZ)