Hope for Lacroix, Hermès gains, License vs. Franchise, BRC recommendations, Swimwear sales rise

Christian Lacroix sketches on display at the National Museum of Singapore

Christian Lacroix sketches on display at the National Museum of Singapore

Bernard Krief Consulting bids for Christian Lacroix (Reuters)
“Turnaround investment group Bernard Krief Consulting is planning to make an offer next week for cash-strapped French fashion designer Christian Lacroix, it said on Monday.”

Hermès 2Q Sales Rise 12%, Keeps ’09 Guidance (WSJ)
“Luxury goods company Hermès International Tuesday stuck to its full-year target of flat revenue after posting a 12 percent rise in second-quarter sales, with demand for its traditional leather handbags and luggage offsetting much lower turnover for fancy tableware and watches.”

Licensed to discount as fashion designers sell their names (Gulf News)
“Globalisation has seen franchising and licensing of luxury brands explode, evidenced by some of Italy’s and France’s top fashion brands’ strong presence in Arabian Gulf cities. However, the difference between a franchisee of the European greats and a licensee is likely to startle the buyer as much as the labels’ bosses back in Europe.”

BRC calls for action on high streets (Drapers)
“The British Retail Consortium insists that a bright, post-recession future is possible for UK high streets if key recommendations are followed.”

Fashion Week 2010: Convention Center Reports Record Sales (Miami New Times)
“Despite the economic cloud hanging over the event, business was booming at the Miami Beach Convention Center. For the most part, vendors were reporting record sales, and the space was buzzing with business all weekend.”