Tory Burch Sells Minority Stake to Tresalia (WWD)
“Tory Burch has found a new partner. After a yearlong search for additional financing, the designer has sold a minority stake in her more than $200 million firm.” To view the video of Tory Burch’s Spring 2009 presentation click here.
Shiny Media: my thoughts on its demise (Telegraph)
Katie Lee, co-founder of Shiny Media, discusses the rise and fall of the UK’s first blog network.
Born by Ted Baker eyes younger market (Drapers)
“Ted Baker is aiming to take a slice of the younger market with a new directional, lower-priced casualwear sub-brand called Born by Ted Baker.”
Hermès to open 1st Brazil store this year (Reuters)
“Paris-based Hermès will open its store in the upscale Cidade Jardim shopping mall in Sao Paulo by mid-September, Valor said, citing Guillaume de Seynes, deputy managing director at Hermès and a member of the company’s founding family.”
Fashion sales suffer as swine flu rocks consumer confidence (Retail Week)
“Retail like-for-like sales were down 4.1 per cent in the week ending July 19 as swine flu shook consumer confidence.”