Hermès Scores Victory in Battle With LVMH (NY Times)
"Hermès won a major victory Thursday in its battle to torpedo a potential takeover by its larger rival LVMH after a court cleared the French luxury group’s plans to create a holding company that will lock in descendants of the founding family for 20 years."
Ungaro Departure (Vogue UK)
“Giles Deacon has left his position as creative director of Emanuel Ungaro… Deacon’s successor at Ungaro has not yet been named, but he or she will be the sixth designer in as many years to take the helm of the brand – after high-profile departures by Giambattista Valli, Vincent Darré, Peter Dundas, Esteban Cortazar and Estrella Archs.”
Luxury brands must wake up to ethical and environmental responsibilities (Guardian)
"While high street brands such as Gap and Primark have long been the target of anti-sweat shop campaigners, luxury brands from Armani to Valentino have largely managed to evade the ethical spotlight and have yet to be inconvenienced by reputation-damaging sweatshop scandals."
For a Day, It’s All Good (NY Times)
"Wednesday was a double-bonus day with outstanding shows from Ralph Rucci and Proenza Schouler. The next morning, Ralph Lauren concocted one of his romances out of straw picnic purses and robin’s egg blue, ending it with a gown as triumphant as the Chrysler Building."
Fashion bloggers to spur online luxury sales (Reuters)
"Fashion bloggers will help propel online sales of designer clothes, jewels and luxury cars to more than 11 billion euros ($15 billion) in 2015. The exclusive fashion world has embraced the Internet later than other industries but is catching up quickly... Blogs and social media are setting trends more than fashion critics, with one out of two customers turning to Facebook or Twitter for advice before buying, the study said."