Women of Wang, Hermann to Reed Krakoff, Nordstrom to buy HauteLook, CNN fashion, Digital fashion moment

Alexander Wang and gang | Source: 21-7magazine

Women of Wang (New York Magazine)
“He’s built an approximately $25 million business on cool but benign day-into-night clothes for lithe, pragmatic downtown girls who all appear to work in galleries or PR… anything vaguely “creative.” Wang synthesized the street-style-blog-derived notion of looking like a “model off duty,” a louche fantasy of effortlessly sexy living if ever there was one.”

Reed Krakoff Names Valérie Hermann President and CEO (Fashion etc)
“[Valérie Hermann] has been named president and chief executive officer at Reed Krakoff… ‘The possibility of building a new international luxury brand with such tremendous potential comes very rarely,’ she said, ‘and I’m excited about this logical new step in my career.’”

Nordstrom to acquire HauteLook (FT)
“Nordstrom, the upmarket US fashion department store chain, is acquiring HauteLook, one of a new generation of online ‘flash sale’ marketplace sites, in a deal reflecting the merger of digital and ‘bricks and mortar’ stores. The retailer is buying HauteLook… for $180m in stock, with the possibility of the cost rising to $270m.”

CNN Is Back to Covering Fashion (NY Times)
“‘There is room for fashion in our coverage,’ Ms. Cho said… ‘Our viewers crave hard news. They want the headlines about Egypt. But we shouldn’t discount the fact there are other topics we can cover, and I don’t think it makes me any less of a journalist to cover fashion… Designers are thrilled to have CNN looking at them again.’”

Tech Pushes Tradition Into the 21st Century (NY TImes)
“Today the most audacious prints and jacquards are created by computers. Alexander McQueen used the technology for his dramatic ‘Plato’s Atlantis’ show in October 2009, and in his final collection of medieval-inspired jacquards… And during New York Fashion Week, many designers, including Narciso Rodriguez and Joseph Altuzarra, used computerized prints.”