Comme des Garçons Opens First Latin American Flagship
Comme des Garçons opened its first standalone store in Latin America on Friday, in luxury mall Shopping Iguatemi in São Paulo, Brazil.
The 160-square-metre boutique, located on the mall's upper level, will serve as the launchpad for the Japanese avant-garde brand's regional expansion. According to the brand, the new store signals the brand's growing commitment to Latin American markets and reflects its resonance with Brazil's expressive, style-forward consumer culture.
'It feels like Brazil has been beckoning Comme des Garçons for many years now,' said brand president Adrian Joffe. 'The fearless creative energy and authentic encouragement of individual expression in this magnificent country has always attracted us.'
Founded in Tokyo in 1969, Comme des Garçons has earned cult status for its rule-defying design language spearheaded by founder Rei Kawakubo. Over the years the brand has evolved into a retail empire, spawning numerous sub-labels and founding the multi-brand retailer Dover Street Market, which has stores in Paris, London, New York, Tokyo, Beijing, Singapore and Los Angeles.
The São Paulo store will carry a wide range of Comme des Garçons' collections, including Comme des Garçons, Comme des Garçons Homme Plus, CDG Shirt, CDS Shirt Forever, CDG Play, CGD Wallet and the brand's footwear collaboration with Converse.
Learn more:
Will Dover Street Market's Big Bet on Independent Fashion Pay Off?
The Comme des Garçons-owned retailer's new Paris location is taking a radical — and risky — gamble on indie labels over big brand concessions at a challenging moment for the fashion market. 'The hunger for sure is out there — I feel it,' said CEO Adrian Joffe.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Newsweek
2 hours ago
- Newsweek
Project 2025 Coauthor: Trump Tariffs Could Endanger Health Care
Advocates for ideas and draws conclusions based on the interpretation of facts and data. Newsweek AI is in beta. Translations may contain inaccuracies—please refer to the original content. President Donald Trump is right to play hardball on trade with Europe. The European Union targets leading American companies with rules, fines, and other punitive actions that undermine their ability to do business in EU countries and deliver technologies to their citizens and small businesses. However, there are some lines that we should not cross in response to trade tensions—like the tariffs President Trump is expected to impose on imported medicines any day now. The president can levy so-called Section 232 tariffs on imports deemed a threat to national security. While that rationale may apply to medicines from China, imports from Europe and Japan pose no such threat. Tariffs on European and Japanese medicines would harm Americans who rely on prescription drugs. They would disrupt the small firms that underpin our health care system—disproportionately hurting early-stage biotech startups, specialized manufacturers, and independent pharmacies, especially in rural communities. These companies operate lean and are laser-focused. Most emerging biotechs, in fact, revolve around a single drug candidate. They have small teams, tight budgets, and years of regulatory hurdles ahead. Many rely on active pharmaceutical ingredients sourced from Europe to develop their therapies. Tariffs on those imports wouldn't just slow medical progress—they could stop it in its tracks. That's because small firms aren't on the sidelines of drug development. They are the front line. In 2024, nearly two-thirds of all U.S. clinical trials were launched by emerging biopharma companies. Last year, small businesses developed 85 percent of newly approved drugs and brought more than half to market on their own. Breakthroughs require reliable, affordable inputs. A full one-third of the active pharmaceutical ingredients in Americans' medicines come from Europe. Building new U.S. pharmaceutical plants can take up to a decade and cost $2 billion. Waiting that long isn't an option for a startup betting everything on one product. Even established manufacturers aren't immune. Many of America's nearly 1,600 domestic facilities—which produce approximately one-half of U.S. medicines—still depend on European ingredients. Tariffs would spike their costs and strain an already fragile supply chain. Some may be forced to pull workers off the factory floor. WASHINGTON, DC - APRIL 02: U.S. President Donald Trump holds up a chart while speaking during a 'Make America Wealthy Again' trade announcement event in the Rose Garden at the White House on April 2,... WASHINGTON, DC - APRIL 02: U.S. President Donald Trump holds up a chart while speaking during a 'Make America Wealthy Again' trade announcement event in the Rose Garden at the White House on April 2, 2025 in Washington, DC. MoreThen there are the pharmacies. Unlike big chains, independent pharmacies often can't negotiate bulk deals or absorb sudden price hikes. A steep tariff could erase already thin margins, forcing many to shut their doors, including in underserved and rural communities that already lack sufficient access to pharmacies. In 2023 alone, the U.S. imported close to $130 billion in pharmaceutical products from Europe. A tariff, of 25 percent for instance, could translate to tens of billions in new costs for our health care system. Those dollars won't just hit corporate balance sheets. They'll show up in Medicare and Medicaid budgets, insurance premiums, and out-of-pocket costs for seniors and working families. Placing tariffs on medicines is not like taxing handbags or hubcaps. There's often no clear "substitute" for the medicine that works best for a particular patient. If a treatment is made in Ireland or Switzerland, a tariff doesn't create a U.S. version. It creates delay, financial strain, or worse—outright loss of access. Developed countries have long treated medicines as off-limits in trade disputes for one simple reason: patients' lives should never be used as leverage in a trade war. If President Trump's goal is to keep America from relying on adversaries like China for key medicines, life-saving European drugs shouldn't be caught in the crossfire. Entrepreneurs and small business owners are not asking for special favors. They merely want predictability, light government intervention, access to markets, and a fair shot. Drug tariffs will inject turmoil into a sector that needs stability. For biotech startups and other small businesses, these tariffs aren't just a cost increase—they are an existential threat. President Trump is right to confront trade inequities, intellectual property theft, and other countries' lack of compliance with previous trade deals. But when it comes to medicines, tariffs will cause broad-based harm. Practically speaking, tariffs will not build domestic capacity any time soon and they will not protect American innovation. Medicines must remain exempt from tariff actions against allies like Europe and Japan. American patients and the small businesses powering our health care system need this stability and assurance. Karen Kerrigan is president and CEO of the Small Business and Entrepreneurship Council ( in Washington, D.C. She was the author of Project 2025's chapter on the Small Business Administration. The views expressed in this article are the writer's own.
Wall Street Journal
3 hours ago
- Wall Street Journal
Today's CD Rates for June 23, 2025: Highest APYs Range From 4.00% to 4.75%
Certificates of deposit (CDs) often offer the best rates for savings. However, to get the highest annual percentage yield (APY), you need to agree to keep your money with the financial institution for a set time period. Right now, the best CD rates are on short-term CDs. The Federal Deposit Insurance Corporation (FDIC) reports that the average rate on a 12-month CD is 1.75%. However, the average for the top high-yield CDs is 4.66%, according to There are also six-month CDs with competitive rates, depending on the institution, as well as promotional CDs with higher rates. Top CD rates today The best CD yield from a national bank is Northern Bank Direct, with a 4.50% APY on a nine-month CD with a $500 minimum deposit requirement. The best local bank CD rate is Linkbank with a 4.50% APY on a 10-month CD with a $500 minimum to earn the APY. If you're looking for the highest yield, no matter where you live, review the top CD rates today.
CNBC
3 hours ago
- CNBC
Dollar surge could be short-lived after U.S. strike on Iran
The U.S. dollar surged in early trading on Monday, benefiting from its traditional safe-haven status after U.S. military strikes on Iran — but analysts are warning the gains may be short-lived. The dollar index was up 0.45% at one point, indicating a gain against currencies such as the Japanese yen, the euro and the British pound, as well as the Canadian, Australian and New Zealand dollars. The greenback was last seen trading around 0.4% higher at 9.30 a.m. London time. "The escalation of the Middle East crisis after the US attacks Iran during the weekend is expected to lead to some of the traditional safe haven effects in the market [such] as the oil price is rising, lower equity prices and a stronger dollar," said Kirstine Kundby-Nielsen, fixed income and currency research at Danske Bank. Despite the initial rally, a growing consensus among investment banks suggests the dollar's strength may prove temporary. Some analysts say the Middle East conflict is merely masking concerns over U.S. fiscal policy, trade wars, and weakening international demand for U.S. assets, which are likely to regain focus once the immediate crisis-driven demand fades. The dollar index is down more than 8% this year, reflecting the long-term concern. The U.S. dollar's immediate strength is tied to fears of how Iran might retaliate, with a closure of the Strait of Hormuz — a waterway vital to the transit of oil — at the top of those concerns. Yet, RBC Capital Markets analysts caution that the situation is more complex, noting that Iran has asymmetric capabilities to "strike individual tankers and key ports." "Hence, we do not believe it is a 'full closure or nothing' scenario when it comes to the waterway, and Iran may deploy their asymmetric capabilities to raise the economic cost of the combined US/Israeli operations," said RBC's Halima Croft, a former CIA analyst, in a note to clients. Jordan Rochester, head of FICC strategy for the EMEA region at Mizuho, also expressed some optimism when it came to the possibility of a Strait of Hormuz closure. "It's a bold call but I doubt the strait of Hormuz is blocked and we avoid the $100-130pb oil levels touted by the sell side with Iranian allies such as China likely to be applying pressure to keep oil flows ongoing," he said in a Monday morning note. "The US is also likely to have made energy infrastructure a red line attached to its support of Israel." However, a key indicator of safe-haven demand — the U.S. Treasury market — appears to be telling an entirely different story through its unusually muted reaction. A global crisis typically sends investors flocking to U.S. government debt, but Danske Bank's Kundby-Nielsen said the "impact on US Treasuries is a bit more uncertain given the significant trade deficit and tariffs combined with a potential increase in the supply of Treasuries given the soft fiscal policy". A global trade war is compounding these fiscal concerns. With a July 9 deadline approaching until a reprieve on levies expires, the U.S. is threatening tariffs of up to 50% on most imports from the European Union. "As far as the USD goes, we'd suspect that the USD would be sinking lower if it weren't for the War, largely because the news pertaining to US import tariffs is not particularly good, and because data from outside the US, while weak, does not point to further deterioration relative to the US," said Thierry Wizman and Gareth Berry, Macquarie's currency and rates strategists, in a June 20 note to clients that preceded the U.S. strike on Iran. FX strategists from Bank of America also point out that investors are betting heavily on the decline of the U.S. dollar, which adds momentum to any downward move for the currency. According to the BofA global fund manager survey released on June 16, fund managers currently see short-U.S. dollar as the third most crowded trade — although the survey was carried out before to the United States' involvement in the Middle East conflict.
