The Burberry story, Gianfranco Ferre revamps, Retailers think small, Luxury sales down, A new generation

Burberry Black Label A/W 2010, courtesy of Burberry

Burberry Black Label A/W 2010, courtesy of Burberry

Best of British: Why Burberry has the fashion business all wrapped up (Times)
“It fought the fakers, weathered an image crisis and resisted recession to become the darling of the FTSE 100. On the eve of Burberry’s return to London Fashion Week, Susannah Frankel checks out how a trenchcoat company became the British design phenomenon of the decade.”

Gianfranco Ferre defies crisis with major revamp (Reuters)
“Italian fashion house Gianfranco Ferre has enough cash to stage fashion shows, launch a shoe and handbag line and roll-out a new logo despite being in administration and hit by the downturn, its CEO said.”

Recession forcing retailers to think small (AP)
“The Great Recession and Americans’ retreat into thriftiness are teaching retailers a new lesson: How to survive when consumers are focused on ‘needs’ rather than ‘wants.’”

Global luxury sales to end this year 10 pct down (AFP)
“The global luxury market has been badly wounded by the financial crisis and will not fully recover for at least another three years, an international conference on the sector heard in Brazil on Wednesday.”

A Design Generation Rising (New York Times)
“At New York Fashion Week, which begins today, 25 Asian-American fashion designers plan to hold shows or presentations, nearly double the number five years ago. To explain the sharp increase in their numbers, many young Asian-American designers point to a cultural shift within their communities that has liberated them from traditional career expectations.”