13 March, 2013
“Anna Wintour, who will mark her 25th anniversary as the editor of Vogue magazine this summer and who for the last year has been the subject of persistent rumors about a possible ambassadorship in the Obama administration, is taking on the additional role of artistic director of Condé Nast, the company plans to announce on Wednesday.”
“Spending on luxury in sub-Saharan Africa is not confined to Nigeria, the continent’s biggest petroleum producer. Its nearest rival Angola has plenty of dollar millionaires who spend lavishly in boutiques in Portugal and Spain, according to Claudia D’Arpizio, a partner at Bain & Company, who heads its luxury goods practice.”
“Retail pioneer and Future Group founder Kishore Biyani’s renewed engagement with fashion is posed to see new brand inductions and an e-commerce play — aimed at taking his Future Lifestyle & Fashion to $1 billion unit by revenue within two years.”
“Zara owner Inditex tapped fashion-hungry consumers in new markets in 2012 to grow net profit by 22 percent even as austerity-hit shoppers in Europe tightened belts.”
“Zalora, a Singaporean fashion and beauty e-tailer backed by Rocket Internet, has scooped up €20 million (about $26 million USD) from German retail conglomerate Tengelmann Group, just six months after it landed an undisclosed sum from JP Morgan.”
“Vogue Italia - that high temple of designer fashion – recently printed a fashion shoot that wittily, if snootily, spoofed the home-shopping channel QVC. It had models doing a glassily accurate send-up of a show-and-tell in Prada, Chanel, McQueen and Gucci. “An artistically ironic simulation of telesales programmes,” the glossy explained.”
