Burberry to London, M&A steers clear of luxury, Versace contemplates a new future, Aquascutum talks to YGM

Burberry S/S 09 ad campaign, courtesy of Burberry

Burberry S/S 09 ad campaign, courtesy of Burberry

Burberry Prorsum to show at London Fashion Week (Catwalkingqueen)
Christopher Bailey will bring the label’s 2010 spring collection to town to celebrate the 25th anniversary of LFW and the British Fashion Council. This will be followed by a special event hosted at Burberry’s brand spanking new headquarters.”

M&A passes luxury brands by (FT)
“The downturn in the luxury goods industry is the worst in 20 years, according to Johann Rupert, chairman and member of the founding family of Richemont. Conventional wisdom would have it that conditions are thus ripe for a wave of consolidation in the still-fragmented industry. But analysts caution the catalysts for consolidation are not yet in place.”

Versace Said Likely to Fire CEO Today After Conflict (Bloomberg)
The Versace saga continued to play out over the weekend in Milan.  “Gianni Versace SpA’s board meets tonight and will decide the fate of Chief Executive Officer Giancarlo Di Risio, who may be fired after tensions flared over creative control with Donatella Versace, exacerbating disputes over cost cuts, three people familiar with the situation said.”

Aquascutum Group May Be Acquired by Hong Kong’s YGM (Bloomberg)
“Aquascutum Group Plc, the 158-year- old label favored by British royalty and actor Pierce Brosnan, may be sold to the Hong Kong clothier that distributes the label in China and Southeast Asia. Japan’s Renown Inc., which bought the British label in 1990 for about 20 billion yen ($211 million), today named Hong Kong- based YGM Trading Ltd. as the preferred bidder for the unit.”