Daily Digest

18 September, 2013

Inditex First-Half Profit Beats Estimates as Sales Increase

Zara Autumn/Winter 2013/4 | Source: Zara

Inditex SA, the Spanish owner of the Zara and Massimo Dutti chains, reported a 0.7 percent increase in first-half profit that beat analysts’ estimates as the retailer expanded by opening 95 stores in 40 markets. Net income climbed to 951 million euros ($1.27 billion) in the six months through July, the Arteixo, Spain-based company said today in a statement. The average of seven estimates compiled by Bloomberg was 934 million euros.”

Designing a Handbag Niche

Designer Sophie Hulme | Source: Courtesy

“Sophie Hulme’s new muse is the frog. For spring/summer 2014, the British handbag designer was inspired by the plastic jumping frogs found in Christmas crackers, and the dazzling colors and patterns of deadly frogs native to the rain forests. That might not sound like the beginning of a collection from a serious fashion business, but Ms. Hulme’s handbags, with their quirky charms and staunchly anti-logo stance, have quickly gained an international following.”

Why Mark Ein Invested in Designer Handbags

Mark Ein at the White House Correspondents Dinner | Source: Politico

“For Mark Ein, buying a stake in luxury fashion brand Reed Krakoff might seem like more than a small departure from his investment strategy. Ein, founder of District-based Venturehouse Group, owns the Washington Kastles and Kastle Systems Intl. He’s in security, tennis and a lot of tech. And now he’s in designer handbags.”

A Business School That’s Always in Fashion

Models line up during London Fashion Week 2013 | Source: Businessweek

“Glasgow Caledonian University in Scotland launched a fashion business school in London on Sept. 11. While most fashion-centric schools focus on design, this one will be all about business, say its creators. British School of Fashion director Christopher Moore told the BBC the institution aims to be among the leaders in teaching the business of fashion.”