High Street King, Inditex profit rise, PPR invests, Top luxury buyers, Carolina Herrera

Sir Philip Green by Ben Gurr | Source: The Times

Topshop’s Sir Philip Green: How he became king of the High Street (BBC News)
“The moment Sir Philip Green finally ‘arrived’ was in the year 2000, when he bought the dowdy British Home Stores chain for £200m and rebranded it BHS. According to Stuart Lansley, his restless mind had spotted a beguiling new way to make money from the High Street…”

Spain’s Inditex posts 27 pct rise in nine-month profit (Reuters)
“Spain’s Zara owner Inditex shrugged off sluggish spending in austerity-wracked Europe on Wednesday, posting a 27 percent rise in nine-month net profit to 1.65 billion euros, driven by a nimble production model and expansion into fast-growing markets.”

PPR Puts $13M Into Lamoda And Dafiti’s Holding Company (TechCrunch)
“Another new chapter is opening up for Rocket Internet, the incubator started and run by the Samwer Brothers in Germany. The company is today announcing that PPR, luxury and sport & lifestyle group, is taking a €10 million investment in Bigfoot I…”

Chinese Shoppers Overtake U.S. as Top Luxury Buyers (Bloomberg)
“Chinese consumers have overtaken U.S. shoppers this year to become the world’s biggest buyers of luxury goods, accounting for 25 percent of global sales through purchases at home and overseas, consultancy firm Bain & Co. said.”

Carolina Herrera: ‘I can get ready in 10 minutes’ (Telegraph)
“Like Valentino, who recently shared his dismay over the sartorial disarray in which Brits arrive at the theatre nowadays, Caroline Herrera is not unreservedly won over by modern dress codes. Growing up in Caracas in the Fifties and Sixties had its challenges, but Kim Kardashian’s fashion sense wasn’t one of them”