Billion-dollar Burch, Surviving 2013, Hermès buys tannery, Mobile shopping, Menkes honoured

Tory Burch | Source: Maria Shriver

Tory Burch has good reason to party after a billion-dollar brainwave (Telegraph)
“Tory Burch may well just have made a $1 billion faster than any other woman in history; faster, possibly, than even that alpha male of fashion, Ralph Lauren. After a fair amount of hoo-ing and haa-ing, Burch, who owns 28.3 per cent of her label, quietly settled a dispute with her former second husband Chris Burch on New Year’s Eve, which saw him selling a smidge under half his 28.3 per cent stake in the business.”

Moment of Truth: Will JC Penney and Sears Survive? (Forbes)
“We have just gone through a very difficult retail season. Christmas sales results have been pretty good for many retailers but there are exceptions including JCPenney, Sears, Target, Kohl’s, and domestic Gap.  Now we wait for earnings to be tabulated.”

Hermès buys d’Annonay tannery to secure supplies (Reuters)
Hermès is taking over d’Annonay tannery, one of its key providers of calf leather, becoming the latest luxury brand to buy up a supplier in an increasingly competitive environment for quality raw materials.”

Do People Actually Shop on Phones? The Answer Is Decidedly Yes (NY Times)
“In e-commerce, the mobile revolution is here. In 2012, people spent $25 billion on purchases made from phones and tablets, an increase of 81 percent from the year before, according to eMarketer, which compiles data from 120 sources that track commerce.”

Suzy Menkes awarded Florence’s highest honour (Telegraph)
“Fashion editor of the International Herald Tribune , Suzy Menkes, was yesterday awarded the ‘Fiorino d’Oro’ of the city of Florence, the historic Italian city’s highest honour in recognition of her services to fashion.”