Fancy moves, Permira sells Valentino, China real estate boom, Topshop at Nordstrom, Kahng’s return

The Fancy screen shot | Source: TechCrunch

The Fancy’s E-Commerce Expansion Continues (TechCrunch)
“This week, New York-based The Fancy, a Pinterest-like site with a focus on not just browsing, but buying from its collection of inspirational imagery… The ‘Buy’ button is targeted at bloggers and other publishers, not online merchants or e-commerce sites, of course.”

Qatari royal family buys Italian fashion house Valentino (Reuters)
“Iconic Italian fashion house Valentino has been snapped up by the Qatari royal family for 700 million euros ($857.46 million), marking one of the most prominent purchases of a European top designer brand by an emerging market investor.”

Demand for luxury goods driving commercial real estate market (China Daily)
“Aggressive expansion by luxury and fast fashion brands in China is driving the country’s retail property investment market… A report by Cushman & Wakefield… said rapid growth in the second half in consumer expenditure and surging enthusiasm for luxury brands, are pushing up demand for retail property, especially in Beijing and Shanghai.”

Topshop Is Coming to Nordstrom (NY Times)
“Nordstrom, the conservative Seattle-based department store, is bringing in Topshop, the British fast-fashion chain with rock ’n’ roll flair. Topshop, along with the men’s brand, Topman, will be introduced to Nordstrom stores in September and sold through Nordstrom.com”

The Second Life of Gemma Kahng (On the Runway)
“It’s a small pool of fashion designers who get the chance to make a comeback. Gemma Kahng, whose heyday was in the 1990s, counts herself lucky to be in that pool.”