LVMH Must Watch It (WSJ)
"LVMH should do more to fill out its lack of presence in the ‘hard’ luxury segments of jewelry and high-end watches. High operating leverage at jewelers and watch makers, especially smaller outfits, has left them economically vulnerable and a potential hunting ground to scale up LVMH’s business."
Giambattista Valli to Sew His Own Clothes (WSJ)
"Mr. Valli said that, starting today, he 'ceases any contractual deal with Mariella Burani Fashion Group,'... [the group] is in bankruptcy proceedings which were announced last week during Milan fashion week. Mr. Valli had just signed on with the firm last year."
Reaching Affluents on Social Nets (e-Marketer)
"Most wealthy Internet users in the US are optimistic about the economy going forward... that should make them attractive to retailers, which are increasingly turning to social networks to attract customers."
McCartney minimalism reflects new austerity (Independent)
"Stella McCartney opened the proceedings at the Paris collections yesterday with a show that went to prove that the return of minimalism to the international catwalks is the story of the autumn/winter 2010 season."
Red Carpet Fading Away (IHT)
"Sometimes a fashion moment is defined as much by what is not on the runway as by the catwalk favorites. And with only one more day of autumn/winter 2010 in Paris before the season’s close, dressy evening clothes are fading from the limelight."