The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
[ Narciso RogriguezOpens in new window ]
, designer of Caroline Bessette
's wedding dress, and Liz Claiborne, the purveyor of everything from Juicy Couture tracksuits to Lucky jeans, announced today that Liz Claiborne Inc has taken a 50% stake in Mr Rodriguez's namesake label.
Of late, we haven't seen that many large fashion conglomerates take an interest in growing small high-end businesses. This particular partnership is also of interest because on the surface, there does not seem to be a natural match between Narcisco's target market of luxury customers (who buy his collection at Neiman Marcus, Saks, Bergdorf Goodman and Barney's) and Liz's connections and expertise with lower priced Contemporary and Bridge labels (which are distributed much more broadly in stores like Bloomingdales, Macy's and JC Penney). However, with the funding power and clout of a large strategic partner behind him, Narcisco may finally realise his aims to build a global brand. According to an article in today's WWD, Liz's strategy for the brand does not include repositioning Narciso's label to a lower price point, but rather to stick to the current high-end positioning of his designer collection while leveraging the Narcisco Rodriguez brand in licensing and non-apparel categories, where Liz has a great deal of expertise.
© 2007 Copyright Imran Amed - The Business of Fashion.
From analysis of the global fashion and beauty industries to career and personal advice, BoF’s founder and CEO, Imran Amed, will be answering your questions on Sunday, February 18, 2024 during London Fashion Week.
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