Gucci vs. Guess, H&M hiccup, Too fashion forward, Facebook clears IPO hurdle, Altuzarra’s passion

Guess store Shanghai | Source: Fabeau

Gucci Accuses Guess of Massive Design ‘Knock Off’ Scheme (Bloomberg)
Gucci, a unit of Paris-based, sued in 2009 claiming that Los Angeles-based Guess was selling items in stores and online with logos that are ‘studied imitations of the Gucci trademarks.’ The trademarks include a green and red stripe design, a square G, the designer’s name in flowing script and a diamond pattern with repeating interlocking G’s, according to Gucci’s court filings.”

H&M Q1 pretax lags forecast on costs and discounts (Reuters)
“Hennes & Mauritz, the world’s second-largest fashion retailer, posted a smaller-than-expected rise in quarterly pretax earnings, blaming higher costs and discounts for offsetting strong sales.”

Finding an Audience for Edgy Runway Styles (WSJ)
“With a taste for rarefied fashions, Net-A-Porter often finds itself chasing rainbows—seeking edgy looks that designers have dreamed up for the runway but deemed too expensive or fashion-forward to produce.”

Facebook’s IPO Passes a Hurdle (Bloomberg Businessweek)
“Facebook appears to have avoided a hurdle that has stymied other recent IPOs. The social network updated its registration documents to go public on Tuesday night, offering greater insight into how it determines the location of mobile users and warning that a patent dispute with Yahoo!, which sued Facebook on March 12, could have a material impact on its business.”

Altuzarra says fashion has always been a part of his life (The Washington Post)
“Fashion, he says, has been a part of his life as long as he can remember, since boyhood in Paris. It started through a passion for drawing, which eventually became mostly fashion drawing.”