Brioni adapts to crisis, Escada shares plummet, July clothing sales, Luxury in Singapore

A teacher explains the art of tailoring to a student at the Brioni tailoring school in Italy

A teacher explains the art of tailoring to a student at the Brioni tailoring school

Brioni, Suitmaker to Presidents, Adapts to Crisis (New York Times)
“The fashion house Brioni is best known for dressing James Bond in black tie and creating hand-sewn custom suits that start out at $4,000 and run as high as $47,000. But this fall it is adding something a lot more humble to its lineup: a T-shirt.”

Escada Plummets as Bankruptcy Looms on Last Day of Bond Exchange (Bloomberg)
“Escada AG dropped 26 percent in Frankfurt trading on concern the company will have to file for insolvency protection this week because it failed to win enough backing from shareholders to exchange a bond.”

Clothing sales drop back in July (Drapers)
“Clothing sales slowed in July, despite a strong response by customers to new autumn ranges.”

Luxury retail still strong (Straits Times)
“With consumers hesitant to spend, and visitor arrivals dwindling, it is no surprise that retail sales have been on a downward slide in recent months. But a stroll down Orchard Road reveals one segment of the industry that still shines: luxury retail.”