Daily Digest

16 October, 2008 by Robert Cordero

BoF Daily Digest | Courting customers, Worst year for luxury, H&M squeeze, Ten designers on the rise, Renown sells Acquascutum

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Hello, Customers. Are You Out There? (NY Times)
According to the New York Times, "with the spring Fashion Weeks coinciding with the fall financial meltdown, retailers are faced with a dilemma that is partly economic and partly psychographic."

Report Sees Luxe Slowdown (WWD)
Deutsche Bank warns that "2009 would be the worst year on record for the luxury sector."

Swedish fashion giant H&M feels the squeeze  (Asia One Business)
H&M reported a 2% year-on-year fall in sales.

Ten Undiscovered Designers On The Rise (Forbes)
Forbes lists ten talented designers that you have never heard of.

Renown Unveils Sweeping Restructuring Plan (Japan’s Corporate News)
Renown Inc. has announced that it will sell its stake in Aquascutum.

Phillip Lim, Tory Burch, Aquilano.Rimondi, photo courtesy of the New York Times.

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