Canada’s fashion wave, Ready-to-war, Italian optimism, Richemont sales rise, Prada star power

Joe Fresh Autumn/Winter 2011 | Source: Mens Models Talk

New wave of Canadian fashion brands is looking to build a worldwide presence (FT)
“Canada has many assets – commodities, natural resources, space, poutines – but most people would not count fashion among them… Yes, the Canadians are coming. And no, it’s not all lumberjack shirts and ice hockey jerseys. Their arrival marks a sense of maturity for retailers on both sides of the border.”

France and Italy: ‘Ready-to-War’? (NY Times)
“Against all the odds of the flailing euro, mountains of sovereign and personal debt and a general economic uneasiness, men’s wear is booming. As Ermenegildo Zegna opens the Milan winter 2012 men’s season on Saturday, the company has recorded a 14 percent increase in sales in 2011, pushing total revenues to €1.1 billion, or $1.4 billion.”

Italian Luxury Clothiers Say Euro Crisis Won’t Stop 2012 Growth (Bloomberg)
“Ermenegildo Zegna and Raffaele Caruso are among Italian luxury goods makers that say they are optimistic for 2012 even as Europe’s sovereign-debt crisis weighs on demand in the region and growth slows in Asia.”

Richemont Third-Quarter Sales Rise on Increased Asian Demand (Bloomberg)
“Richemont, the world’s second-largest luxury-goods maker, reported 24 percent growth in third-quarter revenue, boosted by sales of Vacheron Constantin timepieces and Cartier jewelry in Asia. Revenue rose to 2.62 billion euros ($3.31 billion) in the three months through December from 2.12 billion euros a year earlier, the Geneva-based company said today in a statement.”

Prada Displays Its Star Power (IHT)
“It was a red carpet, and it had to be, given the stellar lineup on Prada’s runway Sunday: From Adrien Brody in a rich red coat to Gary Oldman in a spiffy black morning coat, and the rest of a star-studded cast… What the designer seemed to be saying, after her dynamic but simplistic racing car theme for her last women’s collection, was that if men like cars, they like power, with all the trappings of formal tailoring and linear coats even more.”