S.Koreans go mass-market, online for luxury goods (Reuters)
"Sixty years ago, war-torn South Korea was one of the poorest countries in the world. Now it is the world's 13th largest economy and a magnet for luxury goods, prying open the wallets of its wealthy people as well as tourists. Indeed, the country's appetite for high-end labels has led to the christening of a Louis Vuitton handbag as the 'three-second bag' for its ubiquity, with one spotted every few seconds on the streets of the capital Seoul."
Simons For Dior? (Vogue)
"Dior is said to be finalising its contract with Raf Simons, as reports escalate that he has been hired as the label's new creative director replacing of John Galliano... If reports by WWD are true, the move may mark a change in Dior's design aesthetic - Simons being known for his minimal, futuristic, modern looks."
Fendi CEO to become head of Bulgari (Reuters)
" LVMH said on Monday that Michael Burke, head of Italian fashion brand Fendi, would become chief executive of jeweller Bulgari in February as part of a management reshuffle following its acquisition. As part of the deal completed over the summer, Bulgari Chief Executive Francesco Trapani took over the chairmanship of LVMH's watch and jewellery division and a replacement for him at the helm of the Italian jeweller was expected to be found."
Exotic India Wrapped in Chanel (IHT)
" The collection the designer showed last week was an ode to India — but emotionally it was pinned to Paris...Compared to Mr. Lagerfeld’s previous interpretations of Coco in Moscow or last year’s Paris/Byzantium show, the mood was restrained. That, no doubt, fits more accurately the current financial mood and the spirit of potential customers."
Refinery29: Boutique Fashion and Design for All (International Business Times)
"Now, through Refinery29, their rapidly growing fashion and design startup, they're exposing this fashion-forward independents to an insatiable audience of readers and consumers seeking to define their style. 'Make it your own. That's the most important thing,' says von Borries, describing the ethos of Refinery29 and the changing role of fashion industry brands. '[Our company] is all about empowering personal style.'"