The Fall of the House of Ungaro (NY Times)
"Ungaro was losing roughly $15 million a year, and [the Ferragamos] signaled to their bankers to look for a buyer. Abdullah was the only serious buyer who turned up. That was in 2005, and as you probably guessed, he had no experience in fashion."
Barneys Appoints New CEO (Market Watch)
"Barneys New York, the luxury retailer, with the support of its shareholder Istithmar World, today announces the appointment of Mark Lee to the Company as Chief Executive Officer, effective September 1, 2010."
Social Media Fashion Statements (Ad Week)
"Visit the sites of major fashion names like Louis Vuitton and Gucci and you'll find pretty much the digital equivalent of Vogue: lots of glossy photos and little in the way of interaction."
Levi’s Expands in China, With Western Fits (WSJ)
"The new Levi’s brand, called Denizen.. was — prior to the launch — reported by trade publications to be specifically designed for Chinese body types... [but] that’s not the case. Denizen is a global brand for men and women, and its tailoring... remains unchanged."
Retiring CEO Burt Tansky Leaves a Legacy of Luxury (Dallas News)
"Burt Tansky discovered a customer who loved luxury in 1974...For the next three and a half decades, he never left her side... His 49-year retailing résumé includes serving as president of Saks Fifth Avenue and CEO of Bergdorf Goodman."