PPR Aims to Buy More Chinese Brands After Adding Qeelin (BusinessWeek)
"PPR bought a majority stake in Chinese jeweler Qeelin for an undisclosed price and said it is looking to make more acquisitions in the Asian nation to bolster growth in its largest market for high-end goods."
Dover Street Market heads to New York (Telegraph)
"The store, which was masterminded by Comme des Garçons founder Rei Kawakubo, opened on Dover Street in London's Mayfair in 2004 and has become the go-to place for a variety of high-end designer labels, as well as more avant-garde brands... The New York store, which is slated to open in late 2013, will be situated in a 20,000-square-foot, seven-story building at 160 Lexington Ave."
Five Years In And Profitable, Gilt Refocuses On New Leadership, An IPO In 2013 And More (TechCrunch)
"Gilt has evolved from a fledgling e-commerce startup trying out a new model to a full-sized company with multiple verticals, $240 million in funding, and over $600 million in gross yearly revenue. Valued at over $1 billion, Gilt just celebrated its fifth anniversary and is about to embark on a pivotal year."
Santo Domingos put their faith in fashion (FT)
"Colombia’s influential Santo Domingo family, whose holdings include television channels and a stake in SABMiller, has become the latest group to bet on Brazil’s nascent e-commerce industry with an investment in a fashion start-up."
Brand to watch: Ostwald Helgason (Telegraph)
"In a jam-packed studio in Hackney Wick, overlooking the Olympic stadium, Susanne Ostwald is wiping up a tiny spillage from under my tea cup. 'For Susie, everything has its place,' her boyfriend and business partner Ingvar Helgason sniggers."