Made in Britain, Marc by Marc turns 10, L Capital targets India, Versace turnaround, DVF eyes mainland China

Christopher Kane | Source: Styles and Sounds

Britain’s got it all sewn up (Telegraph)
“Ten or 15 years ago… ‘Made in Britain’ was a synonym for doomed amateurism in the fashion field. Now, through meticulous hard work… things have turned around… So let me be the first to wave the flag on behalf of the innovators who’ve created an unsung virtuous economic circle which is underpinning and developing a skilled network of factories in and around London, while also propping up the UK’s GDP.”

Marc Jacobs: Now we are ten (Independent)
“Ten years is a long time in fashion’s goldfish bowl of communal memory. The past decade takes in the birth of e-commerce, two major wars, a technology boom, the rise and rise of the stock market, followed by its subsequent crash. It’s difficult terrain to negotiate, especially when the aim is to remain not just upright but positively ebullient.”

LVMH Fund to Target Indian Lifestyle Arena (WSJ)
“LVMH Group, will launch its private equity fund in India, in an attempt to tap the burgeoning disposable income and rising aspirations of the country’s urban population, especially women… ‘We are looking at investing in companies in the lifestyle arena in Asia, primarily from the aspirational segment, meaning people who are moving from mass-produced goods to the next layer up.’”

Versace sees 2011 turnaround on Japan push (Reuters)
“Italian fashion brand Versace is going ahead with plans to re-enter Japan this year despite the quake-hit country’s woes… After the family-run company unveiled 2010 results above its own expectations, Ferraris said Versace was on track to meet its target of becoming profitable by the end of this year at the operating level.”

DVF eyes the Mainland (The D’Vine)
“Fashion designer Diane von Furstenberg has been given many titles in her life – mother, working girl (via Dolly Parton’s song of the same name), princess and president (of the Council of Fashion Designers of America). While she may never be America’s first lady in the political sense, she comes close in the sartorial stakes.”