Andrew Rosen’s influence, Prada soars, ShoeDazzle pivot, Challenges in Australia, British revival

Andrew Rosen by Tina Barney | Source: Wall Street Journal

A Homegrown Fashion Mogul (WSJ)
“Andrew Rosen’s father was a bombastic character who played gin rummy with William Holden and pretty much invented designer jeans. His son soaked up his father’s mastery of the clothing business but not his bluster. He avoids the limelight his father basked in. So it’s easy to overlook the progress that has made him among the most potent figures in the U.S. clothing business today.”

Prada Sees Strong Growth as Profit Beats Estimates (BusinessWeek)
“Prada SpA (1913), an Italian maker of $2,950 perforated patent-leather handbags, reported fiscal 2011 profit that beat analysts’ estimates and proposed paying the first dividend since last year’s initial public offering. Net income rose 72 percent to 431.9 million euros ($573.9 million) in the year ended Jan. 31, the Milan-based company said today in a statement.”

ShoeDazzle Ditches Monthly Subscriptions (Fast Company)
“ShoeDazzle started out as one of the new generation of consumer startups centered around a monthly subscription model: Sign up for the service and you get a new pair of pumps (or wedges, or boots, or stilettos, or…) every month for a mere $39.95… But today, after just three years in operation, ShoeDazzle is announcing it is jettisoning the subscriptions.”

The Hume Report: The fashion industry stripped bare (AFR)
“Three months in the making and more than 50 interviews later, international fashion editor Marion Hume’s survey of the state of the industry in Australia makes for sobering reading as forces global and local are irrevocably changing the way we shop now.”

A Fashion Revival Made in England (BusinessWeek)
“At first glance, the founders of Albam, a British men’s fashion line, fit the part of fashionista-as-Kraftwerk-understudy. Austere side-partings? Check. Artisanal shirts that murmur discreetly of vast expense? Of course. The reverie ends there, however. When I ask to meet them in a setting relevant to the clothing they produce, the pair suggest a rock-climbing wall in a particularly grotty part of East London.”