Quotable | Dov Charney on the Declining Fortunes of American Apparel

| Los Angeles

Dov Charney, CEO of American Apparel | Source: Guest of a Guest

“A lot of assumptions that I grew up with are no longer reality. Those were things that we could rely on: that lenders will always be there, that they’ll behave ethically and they’ll always have money, that you can trust that as the sun comes up the consumer will be healthy, that we’ll always be close to full employment in developed nations. Now there are no certainties.” Dov Charney, speaking to Bloomberg

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Mango for JC Penney, Lanvin’s wonderland, Hats comeback, American Apparel’s losses, Business mentors

| Daily Digest

Scarlett Johansson for MNG JCPenney | Source: Nitrolicious

Penney Weaves New Fast-Fashion Line (WSJ) “J.C. Penney Co. is going to try running with a faster crowd.  [Unveiling] an unconventional collaboration with Mango, the closely-held Barcelona chain known for whipping up cutting edge looks that go from design studio to store shelves in as little as four weeks.” Societies May Fall, but Prices Do Not (NY Times) “What surprises most when entering Lanvin’s new three-floor

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Model comeback, American Apparel stock plunges, PPR profit leaps, Bulgari’s modest gain, Buranis arrested

| Daily Digest

Zimmerman and Jovanovic for Gucci A/W 2010 | Source: Fashion and Runway

Why fashion has fallen out of love with its A-list clotheshorses (Independent) “This time around, the women chosen… are united by their anonymity outside of [fashion]… prompting many insiders to wonder: is fashion’s long-running love affair with celebrity finally over?” American Apparel Shares Plunge as Auditor Steps Aside (WSJ) “American Apparel shares plunged as much as 25% Thursday after the

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Troubled American Apparel, Resort’s commercial power, Mulberry’s Asian growth spurt, Ted Baker upbeat, Craft and clout

| Daily Digest

American Apparel Summer 2010 | Source: American Apparel

Why American Apparel is going out of fashion (Independent) “After years of headlines about sexually charged advertising and accusations of sexual harassment on the part of the company’s eccentric founder, Dov Charney, American Apparel looks like it is going down the way it came up: in a blaze of controversy.” A Winter Break Is Now the Longest Season in Fashion (NY Times) “A resort collection used to be the

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Lucky’s new focus, PRL profit doubles, Trouble at American Apparel, Denim accessories, Wearable watercolours

| Daily Digest

Lucky Brand Jean detail | Source: Light Hack

New Lucky Brand CEO Seeks Sharper Focus (WWD) “If the late Gap co-founder Donald Fisher taught Lucky Brand chief executive officer David DeMattei one thing, it’s that retail companies buy inventory and sell inventory… Four months after joining Lucky, DeMattei is applying his 25 years of retail experience gained at Williams-Sonoma, J. Crew, Gap and Banana Republic to turn Lucky around.” Polo Ralph Lauren Profit

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