PPR Signs Letter of Intent With Yoox for Online Luxury Venture (Bloomberg)
“PPR signed a non-binding letter of intent with Yoox SpA, an Italian online fashion retailer, to set up an e-commerce venture for PPR’s luxury brands. PPR plans to have more than 1 billion euros ($1.25 billion) of sales online by 2020.”
Fashion house Versace may seek outside investors (Reuters)
"Italian family-owned fashion house Versace may seek outside investors and could consider an initial public offering to fund growth and help it better compete in the global luxury industry, its chief executive said on Friday."
For Tech Start-Ups, New York Has Increasing Allure (NY Times)
"The recent burgeoning of New York’s Internet industry has forced some entrepreneurs — who, just a few years ago, might have felt they had little choice but to head west to pursue their dreams — to make a difficult choice. New York is now enough of an attractive alternative that a few West Coast-born start-ups are even packing up and moving east."
Fine and dandy: London's men's fashion shows (Guardian)
"The menswear industry may never rival that of womenswear, but it's growing up mightily quick. So quickly, in fact, that the British Fashion Council has finally deemed it necessary for menswear to have its very own fashion week."
Cultural Revolution: Phillip Lim's cool classics (Independent)
"In an age when fashion designers can achieve a level of celebrity quite beyond their work, Phillip Lim is as understated and easy to get along with as the clothes that bear his name."