J.Crew’s profit jumps, Flattering Kors, Baugur founder seeks cash, MaxMara’s moment, Naeem Khan for Obama

J. Crew Holiday Gift Guide | Source  J. Crew

J. Crew Holiday Gift Guide | Source J. Crew

J. Crew more than doubles profit in 3Q (AP)
“J. Crew Group Inc., seller of clothes, shoes and accessories, said Tuesday its profit more than doubled in the third quarter as sales rose by a double-digit percentage. The results sent its stock surging in after-hours trading after the retailer beat Wall Street consensus estimates for profit and revenue.”

Michael Kors: The fashion designer who fits and flatters (Independent)
“The recession has been disastrous for the fashion business. But one man has weathered the storm – and kept his tan.”

Baugur founder seeks investment (Drapers)
“Jon Asgeir Johannesson, the founder of collapsed Icelandic investment vehicle Baugur, has approached former colleagues seeking investment for his Icelandic retail business Hagar.”

Why MaxMara is having a moment (The Times)
“With its purist approach to design and branding, MaxMara is seeing its camel coat become a recessionista favourite.”

Michelle Obama’s dinner gown, made in India by an Indian (Economic Times)
“First Lady Michelle Obama glowed in a silver-sequined, strapless gold and cream gown Tuesday night at the first state dinner hosted by her husband in honour of Indian Prime Minister Manmohan Singh. She owed her dazzling appearance to the Indian-born US-based designer Naeem Khan.”