Puma gains, Reiss launches sub-brand, Kenneth Cole steady, Icelandic market manipulation, Valley of the dolls


Puma Ad campaign 2009, courtesy of Puma

Puma prepares for ‘volatile’ retail sector (FT)
“Puma, the world’s third-largest sports goods maker, said it expects a challenging second half of the year after posting better-than-expected results for the second quarter on Friday.”

David Reiss and Andy Rogers (Drapers)
“Reiss launches its first sub-brand this week, aimed at a younger, edgier customer. Founder David Reiss and brand director Andy Rogers share their vision for the premium chain’s global future.”

Kenneth Cole posts narrower-than-expected Q2 loss (Reuters)
“U.S. shoe and clothing maker Kenneth Cole Productions Inc posted a narrower-than-expected quarterly loss, helped by tight cost control and inventory management, and forecast a surprise third-quarter loss.”

Investigation into Kaupthing loans to UK retailer’s firm (Guardian)
“Details of loans made by failed Icelandic bank Kaupthing to a company owned by British retail entrepreneur Kevin Stanford have been sent to criminal investigators in Iceland by the local financial regulator amid allegations of market manipulation before the bank’s collapse last October.”

Valley of the Dolls | Jeffrey Turns 10 (The Moment)
“To celebrate its 10th anniversary, the luxury retailer Jeffrey is creating its own “Valley of the Dolls.” Its owner, Jeffrey Kalinsky, tapped the designer Jason Wu (who started out creating fashionable dolls before scaling up the fashion rungs with Michelle Obama’s inaugural ball gown) to create a series of limited-edition dolls, which were in turn sent out to a who’s who of designers to be dressed in the season’s looks.”