Shoes, bags prove staying power in luxury crisis (Reuters)
"At the height of the luxury goods boom, launching a single successful "it" bag was enough to substantially alter a company's profit outlook. Over the past week at the Paris fashion shows, buyers, designers and executives were hoping the same kind of accessories magic would help luxury firms weather the economic downturn."
World's fashion weeks leave audiences all a-twitter (Guardian)
"This was the season that the fashion industry embraced technology in all its forms. With many criticising the biannual shows – and the ensuing air miles – as archaic and environmentally unsound, designers explored new ways to reach the masses."
Designers give essential items a twist (FT)
"Last month Marc Jacobs launched a “stimulus package” of “essential” styles as part of “Don’t Miss the Marc” in his Marc by Marc Jacobs line (from £40 to £180); Rei Kawakubo’s Black collection reprises past favourites; and Alexander Wang, Doo-Ri Chung, Jason Wu, Jasmin Shokrian and Camilla Staerk have all launched simplified secondary lines. Basics, in high fashion form, are back."
A triumph of style over economic slump (Times)
"Lauded at Fashion Week, designers Jenny Packham and Eugene Lin took the plunge and launched collections in recessions."
Louis Vuitton Will Open Stores in Lebanon, Mongolia This Year (Bloomberg)
"Louis Vuitton, a brand of the largest luxury goods maker LVMH Moet Hennessy Louis Vuitton SA, will open its first store in Lebanon and one in Mongolia this year, the brand’s chief executive officer said."