Comme at 40, Luxury turbulence, Oliver Sweeney rescued, Escada bond swap, Pringle to London

An advertisement in a Tokyo railway station, courtesy of The New York Times

An advertisement in a Tokyo railway station, courtesy of The New York Times

Positive Energy: Comme at 40 (New York Times)
Comme des Garçons is marking its 40th anniversary by bringing out a guerrilla-style, temporary brand called “Black” that epitomizes the style, the inventiveness and the originality of its founder.”

Luxury market faces turbulence: Hermès (Reuters)
Hermès believes turbulence could hit the global luxury goods industry for the next two years and has put some expansion plans on hold, the French fashion and leather goods group said on Monday.”

Oliver Sweeney rescued (Drapers)
“Amery Capital and footwear supply guru Tim Cooper have bought premium footwear brand Oliver Sweeney out of administration.”

Escada says to make bond swap offer in two weeks (Reuters)
“Escada plans to offer bondholders a new bond worth less than the face value of its current debt in about two weeks, the stricken luxury fashion house said on Monday.”

Pringle to show at London Fashion Week (Drapers)
“Pringle, the Scottish knitwear brand, is set to leave the Milan catwalks to show during London Fashion Week this September.”