E-commerce Luring Top Editorial Talent (WWD)
"A new kind of magazine has indeed arrived online and its bringing editors into the sales business. For the last year, fast-growing online retail companies like Gilt and Net-a-porter in the U.K. have been scooping up orphans from the magazine world with the idea that editorial content can help them drive sales."
Rising raw prices to hurt luxury margins (Reuters)
"Record high prices for raw materials such as gold, silver, diamonds, leather and cashmere will squeeze the margins of luxury goods makers this year because price increases will only absorb part of the hit... supported by a weak U.S. dollar and low interest rates. Other raw materials, such as leather, cotton or cashmere, have become scarce due to high demand from Asia."
Luxury brands under M&A pressure (Reuters)
"Big luxury goods companies will be pressured to make acquisitions to grow even as stocks of high-end retailers and brands make deals pricey and some targets are reluctant to even listen to offers... So far this year, luxury mergers and acquisitions have doubled the pace set for all of 2010."
Yves Saint Laurent hit back at Christian Louboutin (Telegraph)
"Yves Saint Laurent have hit back against claims they copied Christian Louboutin's trademarked red soles, in a $1 million court case which is set to divide the fashion world... 'Red outsoles are a commonly used ornamental design feature in footwear, dating as far back as the red shoes worn by King Louis XIV in the 1600s.'"
Chronicles of Never (Dazed Digital)
"Since departing from Australian design trio Ksubi, Gareth Moody has turned his attention to developing his own, equally rebellious label, Chronicles of Never... the label echoes the same Ksubi spirit which saw warehouse installations, hundreds of rats let loose onto a catwalk and a boat party where models were instructed to jump overboard."