Renewing Holt Renfrew, Hilfiger’s new stripes, Jones Group acquires Kurt Geiger, Gucci turns 90, The art of Prada

Z Zegna in Holt Renfrew's S/S 2011 Campaign | Source: Fashionising

For Holt’s, luxury regains its proper place (Globe and Mail)
“The full-price model is part of Mr. Derbyshire’s five-year business plan to strengthen Holt’s results following a period of stagnation caused by the economic slump… His efforts seem to be paying off: Privately held Holt’s enjoyed a record profit in 2010 – double that of its next best year, 2006.”

Tommy Hilfiger Changes his Stripes (WSJ)
“‘It’s my formula. It’s my vision,’ Mr. Hilfiger says. ‘But I wanted someone to come in who respects the vision but would want to maybe modernize it a bit.’ The hires are part of Mr. Hilfiger’s broader effort to refresh his 26-year-old label’s image in the U.S., particularly among luxury consumers.

Kurt Geiger sale to Jones Group (Guardian)
“‘We’ve had a brilliant ride with private equity but now we’d like to park the company for the long term and not look over our shoulders every three or four years. It’s been a great journey but we now want to think about the next 10 years.’”

Gucci Turns 90! (Dazed Digital)
“The glamorous Italian brand celebrates its 90th birthday this year in grand style as we show images from an exclusive editorial shot at the Palazzo Alberini in Rome and speak to creative director, Frida Giannini.”

A New Look at the Art of Prada (WSJ)
Miuccia Prada the designer—she of the black nylon backpacks, whose Italian label is often called fashion’s most intellectual—keeps art and fashion separate. ‘Definitely fashion for me isn’t art… Art is a place for ideas without any other direct concerns. If I’m a good fashion designer, it’s because I sell.’”