PPR’s growth stategy, Hugo Boss recovers, Ittierre refinancing, Survival of the finest, Singapore Fashion Festival

Helly Hansen Hiking Gear | Source: Helly Hansen

Helly Hansen Hiking Gear | Source: Helly Hansen

PPR’s retail recovery could speed up sale process (Reuters)
“A shopping revival should help French group PPR more easily dispose of its retail units and fulfill its long-held ambition of refocusing on the luxury and outdoor sectors…One attractive target for PPR could be the Norwegian outdoor clothing brand Helly Hansen, owned by Swedish private equity firm Altor since 2006.”

Hugo Boss looks forward to growth (Telegraph)
“The German fashion house said orders were up for its latest season, after “cautious” demand from wholesalers for its spring/summer collection weakened its first quarter performance. Sales of premium goods are recovering after the sector was badly hit by the global downturn, which left even the world’s rich tightening their belts.”

Ittierre Closes Financing Deal With Banks For A EUR60M Loan (WSJ)
“Fashion company IT Holding’s (ITH.MI) manufacturing unit Ittierre has closed a financing deal with creditor banks for a 60.6 million-euro loan, the bankrupt company said Thursday in a statement…Now the company’s three commissioners plan to auction off all the group’s units, including Ittiere, Gianfranco Ferre and cashmere brand Malo.”

Survival of the Finest (WSJ)
“With buyers in retreat, its traditional customers aging or dying, and critics increasingly carping about its irrelevance, the couture economy, always delicate, now is more precarious than ever, leaving many to wonder whether there is a customer base left for couture.”

Singapore capitalizes on its style sense, as fashionistas look East (National Post)
“Legions of status-seeking shoppers with deep pockets are turning Asia into the next big catwalk for international designers, boosting Singapore’s aspirations to become the region’s Milan or New York. Asia’s growing economic clout — and the millions willing to spend top dollar on luxury lifestyles — were the buzz words at Singapore’s fashion festival.”