Tapping into Instagram, Hong Kong’s crown, H&M sales hit, Renzo and Marni, Burton’s OBE

Instagram photos | Source: NY Times

On Instagram, a Thriving Bazaar Taps a Big Market (NY Times)
“Instagram, the picture-sharing application that Facebook bought earlier this year, has not yet figured out a way to make money. But some of its users have.”

Hong Kong loses IPO crown (FT)
“After three years of ruling the world, Hong Kong’s crown has undoubtedly slipped. This year the city fell to fourth place in the global rankings for initial public offerings, only narrowly topping Kuala Lumpur, the Malaysian capital.”

H&M hit by slowing European market (FT)
“Hennes & Mauritz suffered a less than expected 1 per cent fall in like-for-like sales in November, countering fears that the Swedish purveyor of cheap chic could be worse hit from a sharp slowdown in its biggest market, Germany.”

Diesel founder to buy Marni? (Telegraph)
“Renzo Russo, the millionaire founder of Diesel, is said to be in serious talks with the owners of Marni regarding acquisition of a stake in the Italian fashion house…”

Behind the Pages | Celebrating Sarah Burton’s OBE (AnOther)
“The powers that be at the world’s most famous fashion school advised Burton to study fashion design and print: ‘I used a lot of colour and loved silk-screen printing.’ Among her teachers was Simon Ungless, a close friend of Alexander McQueen’s who had known and worked with him since the very early days.”

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  1. sad to hear about the apparent marni negotiations

    diesel trying to buy brands so they can show growth, as diesel sales are going in the toilet the last 3 seasons and they can never get their hoped-for IPO without showing some growth next year

    but I do hope diesel doesn’t buy marni and destroy it like they did margiela. the margiela story has been tragic under diesel management. an absolute destruction of a niche label by trying to force mass-marketing techniques where they simply don’t fit (an example – the recent h&m hookup with all its expensive promotion and hype – things which were never a part of the margiela formula – ended up failing on almost every level)

    MBen from Caldogno, Veneto, Italy