Richemont reshuffles, Bally looks East, Bulgari back in black, Ungaro speaks out, Alexander Wang in profile

Richemont’s Rupert to Take Over as CEO; Profit Slumps (Bloomberg) “Richemont SA, the world’s largest jewelry maker, said Chairman Johann Rupert will replace Norbert Platt as chief executive officer in April, taking more control amid the deepest recession since the 1930s… Richemont’s first-half profit fell 60 percent.” In downturn, luxury brand Bally eyes Asia and beyond (Reuters) “Fresh from a makeover,

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New York Fashion Week | Designers serve up dark moodiness and optimistic colour

NEW YORK, United States — From the moment that I landed here in New York, the mood has been decidedly sombre. I bumped into a buyer from a major London fashion boutique at the baggage carousel at JFK who told me that “nobody is coming” to New York this time from the major UK fashion magazines. Budgets have been completely slashed. A few hours later, the CEO of a up-and-coming US fashion business predicted that one third

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