20 March, 2013
“The issue is likely to become a central one for increasing numbers of European and American clothing labels, as a generation of designers in their 70s and 80s prepares to retire. Several of fashion’s most prominent founders are hitting retirement age, including Ralph Lauren, Giorgio Armani, Carolina Herrera and Oscar de la Renta.”
“Asos Plc, the U.K.’s largest online-only fashion retailer, said second-quarter sales growth accelerated as young U.K. shoppers sought out its budget-price fashions.”
“This year 85 percent of luxury marketers plan to increase their digital media spend significantly, according to a survey by Luxury Interactive. The reason: shoppers spend more time online than ever, with mobile adding a particular boost and growing 70 percent last year. People are using their digital devices to discover style alternatives to save time and money, and as a form of entertainment.”
“In September New Delhi finally opened its retail industry to foreign participation, a move touted as signalling the country’s desire for overseas investment. But India has made complex distinctions between “multi-brand retail” and “single-brand retail”, with radically different rules for each.”
“Coordinated by Scottish Development International, the event underlines Scotland’s push to gain a greater piece of China’s estimated US$17 billion luxury market and boost its reputation among Chinese shoppers.”
“Karl Lagerfeld is set to direct a short film starring Keira Knightley as the iconic Coco Chanel, and models Stella Tennant, Tallulah Harlech and Brad and Hudson Kroenig to celebrate the brand’s 100th anniversary.”
