John Fairchild’s legacy, IMG buys TFW, Soft economy, Tod’s profits up, Julie Eilenberger

John Fairchild | Source: Vanity Fair

Fashion’s Most Angry Fella (Vanity Fair)
“When John Fairchild, the tyrannical, mischievous editor in chief of Women’s Wear Daily and founder of W magazine, stepped down from his Fairchild Publications throne, in 1997, it was supposed to be a clean break. Fifteen years later, at the age of 85, the onetime terror of the fashion industry is still stirring the pot.”

Toronto Fashion Week sold to IMG, Robin Kay steps down (The Star)
“Toronto Fashion Week has been sold to a global event management firm and founder Robin Kay is stepping down as executive director after 13 years at the helm.”

Ralph Lauren, Macy’s warn about soft economy (Reuters)
Ralph Lauren Corp and Macy’s Inc  each reported higher quarterly sales gains, but both companies said the economy remains tough and reported pressure from lower spending by tourists.”

Tod’s H1 net up 13.7 pct on Asia, U.S. (Reuters)
“Italian luxury shoemaker Tod’s said  its net profit in the first half rose 13.7 percent boosted by ongoing strong sales in Asian and U.S. markets. In a statement, Tod’s Chairman and CEO Diego Della Valle said he was confident results in the second half would be good and confirmed expectations for significant growth in 2012.”

Rise: Julie Eilenberger (Dazed Digital)
“Julie’s often ironic, always unique vision is not entirely new to the fashion scene; she has already shown at Berlin Fashion Week three times and designed a collection for Adidas along the way.”