Gilt Groupe Targets Guys for New Luxury Retail Site Park & Bond (Forbes)
"Internet retailer Gilt Groupe is straying from its tried-and-true flash sales model to launch Park & Bond, a full-priced menswear site without the limited-time component that’s been responsible for Gilt’s rapid growth since it was founded in 2007... But in order to really flex the buying muscle of its 400,000 male customers Gilt is going to offer them a specially selected full-price assortment on a dedicated site."
When luxury and commodities collide (FT)
"Pity the poor jewellers of this world. As the price of gold soars and investors hoard bullion, the price of one of the luxury industry’s prime raw materials goes through the roof; suddenly, what was the base metal of high-end adornment has become as precious as the sparklers it normally holds."
“China Currently Has No Strategic Vision For Cultivating Our Own Brands” (Jing Daily)
"Recent cases like the Da Vinci furniture scandal expose a sad truth: China still lacks a domestic luxury industry to speak of. Still, Hong — who recently signed Xiang Yaodong as BNC’s first in-house designer — and a growing number of Western-trained Chinese designers are looking to cultivate a home-grown luxury fashion industry that can rival international brands."
Hugo Boss to raise 2015 margin target (Reuters)
“Hugo Boss is set to raise its 2015 profit margin target this fall, helped by the vigour of the global luxury market and improved productivity, sources close to the German fashion brand said. The maker of sharply cut men’s suits has already met its 2015 underlying profit margin target while bigger luxury rivals such as PPR , LVMH and Burberry published record results last month.”
Watch a teaser of Carine Roitfeld's Elizabeth Taylor-themed magazine (Independent)
"France's first lady of fashion styled a Chanel campaign and the Barneys fall catalogue recently, but her work for V Magazine marks her editorial debut since leaving French Vogue at the beginning of the year."