Prada’s China Party, Denim couture, Social networks versus social tribes, Luxottica’s record, Giles goes West

Prada Prods China’s Elite (WSJ)
“For Prada, in particular, the Chinese market is critical. The company is expected to announce this week plans for an initial public offering on the Hong Kong Stock Exchange. Its valuation would likely be higher in Hong Kong than in other market.”

Chanel swaps pearls and operatic grandeur for T-shirts and flats (Guardian)
“‘This is the way young women dress nowadays,’ pronounced Karl Lagerfeld, explaining why his Chanel haute couture show in Paris was built around T-shirts, slim trousers and flat shoes, with barely a cocktail frock to be seen and not a pearl in sight.”

Social Tribes vs.Social Networks (Fashion’s Collective)
“Social networks allow for the expression of current mindsets, but are not good at moving that mindset into the field of concerted action or conversion. In contrast, if luxury marketers could help gird the formation of tribes, they would gain a larger return on investment.”

Luxottica sales reach record high (FT)
“Group sales at Luxottica, the Italian eyewear maker… reached a record high of €5.8bn ($7.9bn) in 2010 – an increase of 7.1 per cent at constant exchange rates – on growing confidence of US consumers and strong sales of its premium and luxury ranges.”

Giles Goes West (Vogue UK)
“Giles Deacon is teaming up with Nine West to create a new capsule collection, launching for autumn/winter 2011-12. The partnership is part of a new initiative called Shoelaborations, where the footwear brand will work with a range of young designers, artists and musicians.”