Bonobos raises $16m, Gilt Groupe gabs, PPR downgrade, Fashion Television folds, Moscow men

Andy Dunn | Source: NY Times

Stores Go Online to Find a Perfect Fit (NY Times)
“When Andy Dunn helped start Bonobos five years ago, he wanted to shake up the retail industry with a men’s wear brand exclusively sold online. Now Mr. Dunn, 33, is embracing the brick-and-mortar model, striking a partnership with Nordstrom. It is a symbiotic deal. Bonobos will get $16.4 million in cash and more than 100 stores to sell its clothes, while Nordstrom will get gain expertise on e-mail marketing and online branding.”

Gilt Groupe Founders Gab About the Future of Commerce (AdWeek)
“When Gilt Groupe co-founders Alexis Maybank and Alexandra Wilkis Wilson opened the virtual doors to their online flash sale site in 2007, they were thrilled to sell $9,565 in high-fashion fare on their first day. Now, the members-only site—which has since grown to include travel, food, home furnishings and local services—can generate far more than that in a matter of seconds.”

PPR Falls as Morgan Stanley Sees Gucci Slowdown (Bloomberg)
“PPR fell in Paris trading after Morgan Stanley downgraded the stock on concern its Gucci unit will underperform luxury peers in 2012 and continued challenges at sporting-goods maker Puma will weigh on profitability.”

Fashion Television thrived in the fickle world of fashion (Toronto Star)
“After 27 years on air, production has been suspended on Fashion Television. The groundbreaking series, hosted by Jeanne Beker since April 1985, was instrumental in bringing high fashion to living rooms around the world.”

One leg at a time (Moscow News)
“The Russian fashion industry has traditionally had a difficult time introducing innovative designs into men’s clothing… The situation is changing as more men under 26, who take more care in shopping for clothes, appear in stores, especially in the larger cities.”