Luxury-Goods Makers Brandish Green Credentials (WSJ)
“The bad economy and a fundamental shift in the market for luxury goods are forcing an industry that reveres names like Chanel and Versace to embrace a different icon: Mother Nature.” See video here.
If You Gave a Fashion Show and No One Came… (WSJ)
“Until a few years ago, the magazine editors and retailers who attended runway shows closely guarded access to photos until the clothes were ready to show up in stores. But these days, with members of the audience filming, photographing and tweeting from their seats, the format feels about as modern as Brylcreem”
Gilt Groupe Raising $40 Million At A Huge Valuation (The Business Insider)
“Gilt Groupe, a New York-based private-sale ecommerce company, has signed a term sheet with General Atlantic and Matrix to raise about $40 million at about a $400 million valuation.” For an update on the story please click here.
Luxury Retailers Test Waters in Hamptons (Observer)
“As Manhattanites pack up their cars and zoom east on Friday, July 3, they will find Hamptons streets rather spiffed up, despite dire economic predictions.”
BRC says consumer advocate must educate shoppers on rights (Drapers)
“The British Retail Consoritum (BRC) has warned that the creation of a “consumer advocate”, which could have power to take legal action against retailers, must be focused on improving consumers’ understanding of their rights.”