HONG KONG, China — Once a retailer catering to colonial elites in British-governed Hong Kong, Lane Crawford has grown into a market-leading department store group with additional stores in Beijing, Shanghai, Chengdu and online, known for setting global luxury industry standards with its bold product assortment, store concepts, visual merchandising and omni-channel “connected commerce” strategy. Often acting as a conduit
“What I’ve learned about working with a big company like Jil Sander is how important the structure is. You can have ideas and you can have money, but if the structure isn’t right, if everybody at design and management and marketing and sales isn’t in the same key, it’s not going to work.” Raf Simons speaking to Gert Jonkers, editor of Fantastic Man, for Issue No. 14, Autumn and Winter 2011
“Perfectionism is almost an illness with me, but sometimes I have moments where everything is absolutely clear and you can feel, rather than think.” Tom Ford, speaking in Visionaries, a new documentary which airs on the Oprah Winfrey Channel on 23 October, 2011
“Private equity is about financial engineering, and that model is very difficult to apply to fashion and luxury, when it can take 30 years to really build a brand. It’s very stressful on a company to keep going through” the break-ups and new make-ups that are involved with continual changes of ownership. Tamara Mellon, President and Chief Creative Officer of Jimmy Choo, speaking to Vanessa Friedman of the Financial Times, following
“With all the new media outlets out there, with all the noise, a voice of authority and calm like Vogue becomes more important than ever. The more eyes on fashion, the more opinions about fashion, the more exploration of fashion around the world, the better it is for Vogue. Vogue is like Nike or Coca-Cola—this huge global brand. I want to enhance it, I want to protect it, and I want it to be part of the conversation.” Anna
PARIS, France – The process of writing this season’s wrap-up left a somewhat bitter taste in my mouth. Looking back, several of the most salient themes from this round of fashion weeks involve unsavoury behaviour, gossip and highly unprofessional comments from some of the industry’s most important figures. Whether it was John Galliano’s inexcusable anti-Semitic rant captured on video for the whole world to watch, the scrum of
“The key to my success in Japan has been the sheer love and enthusiasm of going there…I was immediately willing to go two, three, four times a year. I had to understand how it was all working…immersing myself in the Japanese way.” Paul Smith, speaking to the UKTI about how to do good business in Japan, where Mr. Smith has built a retail network of more than 200 stores, now constituting the lion’s share of a
Today, BoF exclusively brings you Savigny Partners’ blow-by-blow analysis of the rapidly shifting luxury fashion business model which is undergoing transformation due to underlying shifts in consumer values, technology and globalisation LONDON, United Kingdom — Luxury fashion is a very exciting business which can generate substantial returns if you get the formula right. Not only is there the ability to charge up to ten times
“At Cloak I was doing production, I was doing business, I was doing financing. It kind of killed me, actually. I was doing very little designing. The key thing at Versace was that I just got to design; it got the juices flowing again. Now, with my own collection, I get to design more, which is what I want to do. I don’t pretend to be a businessman. You have to be to a certain extent, but I also want to work with people who
“I think they are very beautiful objects. There is no touch of what is considered bad taste or bad design [with technology], because bad design is bad taste today. They are flawless in a way. Facebook is a flawless object...it's for me like a Brancusi" Karl Lagerfeld speaking exclusively to BoF Founder and Editor-in-Chief Imran Amed on technology for The Luxury Channel, following the IHT Heritage Luxury Conference hosted by Suzy Menkes and held in London last week.
“Marc pulled on one of the coats, put his hand in the pocket and found a Louis Vuitton Murakami phone charm that I must have been carrying the last time I wore it. He gave me a funny look and said, “I’m actually wearing your clothes. This feels a bit weird” Katie Grand on dressing Marc Jacobs in her personal archive of his designs as captured by Patrick Demarchelier for Issue 02 of INDUSTRIE Magazine, which was
“"If heritage is all about the physical artifacts and intangible attributes that connect the brand to its past, how does one break that down into codes that can be adapted for the Internet Age? ...The essence of heritage luxury takes a quiver of emotion from the past in a thoroughly modern world." The inimitable Suzy Menkes, writing exclusively for NOWNESS about “heritage” in the digital era for luxury brands, accompanied by an animated short from Christian Borstlab as part of the celebrations for the 10th annual IHT Luxury Conference being held in London this week.
NEW YORK, United States — Last Friday, The Business of Fashion attended the second annual L2 Innovation Forum, hosted by Professor Scott Galloway of NYU’s Stern School of Business. Featuring startup CEOs, academics, authors and bloggers, the forum examined innovation from a wide variety of angles. Over the course of the day, three important themes emerged: the power of disruptive thinking, the power of listening and the power of