Phoebe’s philosophy, The Economist on LVMH, Cavalli on department stores, Cycling chic, Luxury thrives in Asia

Céline cashmere cape and silk-satin dress. Photo by Annie Leibovitz, courtesy of Vogue

Céline Resort 2010 by Annie Leibovitz, Courtesy of American Vogue

Fast-Forward Phoebe (Vogue)
Phoebe Philo always had an uncanny gift for defining exactly what cool women want to wear. Now she’s back, reinventing Céline for a new era.”

LVMH in a recession: The substance of style (The Economist)
“The world’s biggest luxury-goods group is benefiting from a flight to quality, but the recession is also prompting questions about the company’s breadth and balance.”

Cavalli Says ‘Pessimistic’ Stores Turn Off Consumers (Bloomberg)
Roberto Cavalli, owner of the eponymous Italian fashion house, said department stores are being negative and pessimistic in the economic downturn and risk turning off customers.”

New Cyclist Styles Pedal Their Way Into Paris (WSJ)
“An upright bike beats a tinted-window sedan for showing off an outfit any day. A new generation of cyclists, influenced by icons such as supermodels Elle Macpherson and Agyness Deyn, have turned biking from a sport into a fashion statement. Cycle Chic, a popular blog whose motto is “style over speed,” snaps photos of urban riders in Paris and Copenhagen.”

Luxury goods seen to thrive in Asia despite crisis (Inquirer)
“According to a MasterCard-commissioned report conducted with the ESSEC Business School in Paris, “The Luxury Industry: Lessons Learnt from Past Crises,” luxury brands should take advantage of the economic slump to evolve and diversify their distribution channels.”