Martin Margiela to Leave Fashion House He Founded (NY Times)
"Insiders had known for months that Mr. Margiela had left the company in all but name. The designer’s particular vision, which had focused on the authenticity of the vintage artisan fused with modern photo prints depicting wrinkles or handwork, was missing from recent shows."
Primark beats its one-day sales record (Independent)
"The flagship Primark store in London is thought to have enjoyed the best day's trading in the discount fashion retailer's 40-year history on Saturday, boosted by a traffic-free shopping day in the West End. The Oxford Street branch is understood to have taken more than £700,000, an increase of about 17 per cent on last year's record for the store on the same day in December 2008."
Talbots In Merger Deal, Swings To Surprise 3Q Profit (WSJ)
"Talbots Inc. is revamping its ownership structure to give the retailer more flexibility to complete its turnaround by infusing capital, reducing debt and shedding its majority shareholder...it is merging with a publicly traded shell company in which Talbots' management will stay in place and the merger partner will hold a roughly 60% to 70% stake in the retailer."
Louis Vuitton announces Madonna follow-up (Independent)
"Confirming earlier rumors, french luxury giant Louis Vuitton has unveiled next February's ad campaign to the press, starring Madonna 'replacement,' supermodel Lara Stone."
The Power 25: fashion's most forward (Guardian)
"From fashion lecturers to PRs, introducing some of the less well-known names from the new list of fashion's most influential figures."