Daily Digest

19 September, 2013

Pilati Enters a New Universe

Gildo Zegna with Agnona S/S 2014 by Stefano Pilato | Source: Catwalking

“At 60 years young, Agnona, founded in 1953 and part of the Ermenegildo Zegna luxury group, is beginning a new life to make it into what Gildo Zegna, the company’s chief executive, calls a “complete collection” — from fully tailored wool jackets to light dresses in printed silk organza.”

Two of the Dirtiest Words in the Valley: Big Data

"You can never have too much Data." | Photo: JD Hancock

“There’s been a lot of backlash at ‘big data’ as a buzz term (recently The New York Times, AllThingsD), with Gartner adding fuel to the fire saying it’s headed into its ‘trough of disillusionment.’ The backlash is also directed at companies that have adopted the term to describe what they do, and some deservedly so.”

Taking Stock at the London Fashion Shows

Thomas Tait, Burberry, Christopher Kane, JW Anderson | Source: nytimes.com

“As I went around London, to places and streets filled with ordinary people, I had the sense, more than ever, that fashion here was taking place in vacuum. Do they care about Christopher Kane’s naïve drapes and twisted flower dresses? Or J. W. Anderson’s broken-down skirts or dresses with panels arrayed with rows of what resembled tiny takeout boxes in fabric — what he called ‘avant-bland’?”

Ralph Lauren Makes Changes to Company Leadership

Ralph Lauren Purple Label S/S 2013 Campaign | Source: Ralph Lauren

Ralph Lauren Corp. announced a number of leadership changes Wednesday to help grow its business. The New York-based luxury retailer said that it is creating an office of the chairman, which will be led by Chairman and CEO Ralph Lauren and include three other executives: Roger Farah, Jackwyn Nemerov and Christopher Peterson.”

Asos Surges Most in a Year as Quarterly Sales Exceed Estimates

Asos Magazine July | Source: Asos

“Asos Plc, the U.K.’s largest online-only fashion retailer, will report forecast-beating full-year earnings as a surging customer base boosts sales growth … The shares jumped as much as 11 percent, the most in a year, and have almost doubled in value in 2013.”

Billabong Accepts Refinancing Offer from Centerbridge, Oaktree

Billabong Colour of Love Campaign | Source: Billabong

“Billabong International Ltd., the unprofitable Australian surfwear company, accepted a refinancing proposal from a group including Oaktree Capital Management LP and Centerbridge Partners LP, saying it offered better terms than a rival plan to repay debt. “

Three Reasons Mickey Drexler Can Help Scale Warby Parker

Mickey Drexler | Source: Social Barrel

“J. Crew CEO Mickey Drexler is joining the board of Warby Parker, the hip startup that’s credited with disrupting the eyewear industry. Drexler’s no stranger to the three-year-old e-commerce company.  Fortune reports that he’s been informally mentoring co-founders Dave Gilboa and Neil Blumenthal as they helmed Warby Parker’s expansion into four brick-and-mortar locations in the last few months.”