The Queen of Clean (WSJ)
"Sander is one of the few who has managed to return to her namesake company—not just once, but twice. 'The first time I left was difficult,' Sander admits. 'But it was even more sad the second time. I sold my shares and cut completely.' In her new setup, as creative director, Sander is an employee of a publicly traded company: She doesn't own any shares; she does not sit on the board; if she doesn't make the numbers, she could be replaced as swiftly as Simons was."
Dirty Pretty Things (IHT)
"Designers are now seen as commodities, brought in to revive flailing houses and to be disposed of when a fresher name comes along. The most appropriate analogy might be with professional sports, where players are bought and sold regardless of their country of origin."
Fast Retailing to buy 80% stake in J Brand (Market Watch)
"Japanese casual clothing retailer Fast Retailing Co. said Friday that it will acquire an 80.1% stake in U.S. apparel maker J Brand Holdings LLC for around $300 million as it seeks to expand its foothold in the U.S. market."
Going global is no longer a luxury (FT)
"A decade ago this drive to internationalise was more of a luxury than a strategic imperative. Now, with the state of the domestic economy, little or no growth is expected by many businesses for the next five years. Many executives feel the need to diversify in foreign parts is a matter of survival."
Alexander Wang Named Balenciaga Creative Director (Vogue UK)
"Alexander Wang is Balenciaga's new creative director. The New York-based designer will replace Nicolas Ghesquière at the French fashion house, who officially leaves today - after 15 years at the helm."