Fashion | Dior Shares Fall After Galliano Dispute

Well John Galliano a long-term Fashion Director at Christian Dior was first suspended, then sacked and now the brand Dior have seen a 0.9% fall just yesterday. Titles of French fashion house Christian Dior slid 2.05% just after it dismissed its chief designer, John Galliano because of his allegedly made anti-Semitic remarks at a bar in Paris last week.

European markets ended lower on Tuesday amid losses for financial stocks and some oil companies, while Italy’s Luxottica Group SpA rose after reporting strong earnings. Eyewear luxury firm presented last Monday its fourth-quarter net profit, which rose 88%, and predicted a strong 2011 as consumers flock back to high-end brands. The parent of the Sunglass Hut chain said its net profit increased to €55.1 million ($75.8 million) in the final three months of 2010 from €29.3 million a year earlier. Luxottica’s board also proposed a 2010 cash dividend of 44 European cents a share, up 26% from the previous year. For the first two months of fiscal year 2011, net sales of wholesale division worldwide increased by more than 15 percent and comparable store sales of retail division in North America increased by about 6 percent.

SHOULD GALLIANO RECIEVE MORE PUNISHMENT AFTER HIS SACKING?

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