Richemont recovery, Menswear’s positive signals, Discount sleight-of-hand, Oligarchs tested, Ford picture perfect

Cartier Panther | Source: Cartier

Cartier Panther | Source: Cartier

Richemont reveals recovery in demand (FT)
Richemont, the world’s second-biggest luxury goods group, on Monday reinforced signs of a recovery in demand for expensive watches, jewellery and accessories with Christmas sales well ahead of expectations.”

Hopes for 2010 fashion recovery at Milan menswear (Reuters)
“Many executives and designers at Milan’s menswear shows said they were looking ahead with guarded optimism. ‘We are seeing positive signals. The [sales] haemorrhage seen at the end of 2008 and in the first half of 2009 has stopped,’ said Gianluca Brozzetti, chief executive of fashion house Roberto Cavalli.”

It’s 50 percent off…Well, maybe 35 percent (WSJ)
“Restricted shopping Web sites—which pitch steep markdowns on designer goods to its members for brief time periods—are soaring, growing by more than 400% last year … But there are complaints that some of these sites… are relying on an old sleight-of-hand: inflating retail prices to make their discounts larger than they really are.”

Russian appetite for bling put to the test (FT)
“As Russia’s oligarchs flirted with bankruptcy following the collapse of the stock market in 2008-2009, gallery owners, fashion labels, super-yacht brokers and Swiss watchmakers all held their breath.”

Tom Ford: Immaculate Conception (Telegraph)
Tom Ford, Gucci saviour and one-man superbrand, has written, produced and directed his first film. Already an Oscar frontrunner, if A Single Man can be criticised for anything it is for being too beautiful – music to the ears of fashion’s most fabulous perfectionist.”