Michael Kors opens up, Valentino boost, J.Crew settles lawsuits, Fashion confusion, Helmut Lang shows again

Michael Kors by Mikael Jansson | Source: Interview

Michael Kors By Lauren Hutton (Interview)
“It’s hard to pinpoint when Michael Kors first became a fashion designer. It might have been the moment when Dawn Mello, then-fashion director at Bergdorf Goodman, stopped by Lothar’s, the boutique on 57th Street where Kors was working as salesman/window dresser/in-house designer after dropping out of the FIT, and told him that if he ever went out on his own, she’d love to take a look at his collection.”

Valentino Boost (Vogue UK)
Valentino has reported a revenue boost of 24 per cent in the past six months, helping it to return to the black. The Italian label posted first half net profits of €2.6 million euros (£2.28 million), compared with a loss of €7.4 million (£6.50 million) during the same period the year before.”

J.Crew settles investor lawsuits for $16 million (Reuters)
Investors agreed to a $16 million settlement of lawsuits stemming from the buyout of clothing retailer J.Crew Group Inc by two private equity groups, according to an investor attorney. The settlement is based on an earlier $10 million agreement that collapsed in January, according to Stuart Grant of Grant & Eisenhofer PA, which represents shareholders.

Fashion’s Great Confusion (WSJ)
“If looking fashionable is your goal, you can’t go far wrong this season, even if you don’t give a fig for sartorialism. Why? Well, fashion—the designers, manufacturers, marketers and retailers of clothes, and the stylists, editors, commentators and photographers who bring it all to you—don’t seem to have a clue as to what’s going on. There’s a schizophrenic element to this season’s looks and collections.”

Helmut Lang to Put on Its First Fashion Show Since 2005 (The Cut)
“Nicole and Michael Colovos started as creative directors of Helmut Lang in 2006 after Theory bought the label from Prada, but they never put on a fashion show. This spring they’ll do their first one for the label at New York Fashion Week.”