Halston design house gets major alteration under new owner (LA Times)
"The storied New York design house Halston once dressed celebrities the likes of Elizabeth Taylor, Bianca Jagger andLiza Minnelli. Its founder, Roy Halston, partied with Andy Warhol at Studio 54 and designed Jackie Kennedy's famous pillbox hat. But after decades of corporate turmoil, the label that once epitomized 1970s glamour in the Big Apple is getting a West Coast makeover."
Made in Italy tag lures EM consumers (FT)
"In the stagnant Italian economy, one sector is still soaring: luxury manufacturing. Its health is a result of a strategy that involves both promoting the 'Made in Italy' label and companies 'structuring themselves to rival those countries that are advantaged by lower labour costs', according to Alessandro Varisco, chief executive of Moschino."
Gilt to be profitable this year, eyes IPO in 2013 (Reuters)
"The company, founded by tech entrepreneur Kevin Ryan, will be profitable in the fourth quarter. It also has a chance of being in the black in the typically slow first quarter and is confident of a profit in the second quarter of next year... On Thursday, Gilt said it is closing Park & Bond, a full-price luxury men's apparel business and folding it into Gilt MAN, the company's main men's apparel flash sales business."
Prada Bares Her Soul (IHT)
"In the most personal and soulful collection she has ever done at Prada , Miuccia Prada opened her womanly heart, using that most female of symbols, the flower, but in a powerful, modern way."
How Laurent Claquin Of PPR Keeps His Feet On The Ground (Fast Company)
"Most days you’ll find Laurent Claquin cutting a commanding figure in a trim dark suit, crisp white shirt, and leather loafers as he heads up American operations for the French luxury conglomerate PPR."