Soaring Prada profits, Mulberry tumbles, PPR sells Redcats unit, Gratuitous ads, Little Gio

| Daily Digest

Mulberry Autumn/Winter 2012 | Source: Grazia Daily

Prada 9-Months Net Profit Jumps 50% Amid Continued Strong Demand (Dow Jones) “Chief Executive Patrizio Bertelli said Thursday that the company’s business has continued to grow at a rate that has exceeded its expectations in recent months, as the luxury goods purveyor reported a strong rise in nine-month earnings figures amid resilient demand for ultra high-end goods.” Mulberry sees improvements after first-half

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The Basics | Part 5 – Design and Development

Education | The Basics

Source: thevipconcierge.com

Today, BoF resumes its longstanding ‘Basics’ series on how to set up a fashion business from scratch, collaborating with Ari Bloom, a NYC based strategic advisor to growth brands.  In this instalment, we examine how an informed design and development process can further your chances of commercial success. LONDON, United Kingdom — It’s no secret that the fashion industry is driven by design. Creating beautiful, unique products is

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Topshop to sell stake, Bracing for 2013, Co-Creation potential, Ferragamo’s legacy, CR sells out

| Daily Digest

Topshop Oxford Street store | Source: EKM Power Shop

Green nears Topshop stake sale (FT) “Sir Philip Green, the retail entrepreneur, is close to selling a 25 per cent stake in Topshop and Topman to a US private equity investor, in a move that could value the two jewels in the crown of his Arcadia retail empire at about £1bn.” European luxury goods makers braced for tough new year (Reuters) “European luxury goods makers knocked back predictions of a boost to sales

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Waiting for Wang, Hugo Boss’ fast lane, D&G tax trial, Master of Couture, Chanel in Scotland

| Daily Digest

Hugo Boss Black Autumn/Winter 2012 | Source: Hugo Boss

Balenciaga Taps Alexander Wang (IHT) “Alexander Wang on Monday became the first designer of Asian descent to enter the highest ranks of Parisian high fashion when he was named creative director of the storied house of Balenciaga.” Hugo Boss dresses in the fast lane (FT) “In the four years he has been in charge Mr Lahrs has reduced development times for collections, moved from two to four collections per year and

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Tight belts in Italy, Cyber Monday, Mulberry strategy, Moncler image, Acclaimed Erdem

| Daily Digest

Versace Autumn/Winter 2012 | Source: Hypebeast

Tight belts take edge off Italian luxury (FT) “Italians have long balked at paying full price for the luxury goods they consider to be their birthright. But as austerity measures hit hard in the home of Prada, Versace and Armani, the quest for bargains and invitations to warehouse sales with rock-bottom prices has reached a new level of frenzy.” Online shoppers ready for busiest day (FT) “Online retailers are

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