HUNGZHOU, China —Alibaba Group Holding Ltd., which accounted for about 2 percent of China’s gross domestic product, is building momentum for a possible initial public offering this year with profitability double that of Apple Inc.
The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
CUPERTINO, United States — Apple Inc. is hiring Paul Deneve, the former chief executive officer of luxury fashion house Yves St Laurent Group, to work on special projects for CEO Tim Cook. Deneve returns to the iPhone maker after working for Apple in Europe during the 1990s. He was also CEO of Lanvin and Nina Ricci prior to joining Yves St Laurent.
Luxury brands should take a page from technology companies like Apple and adopt ‘ecosystem models’ to develop new markets, channels and products, advises a recent report by The Boston Consulting Group. BoF investigates.
RANCHO PALOS VERDES, United States — Speaking yesterday at the All Things Digital conference, Apple CEO Tim Cook said the company would release “several more game changers” like the iPod, iPhone and iPad, hinting that wearable devices could be among them.
Credit Suisse has issued a report on the rise of the wearable technology market, which, it says, has hit “an inflection point” and will have “a significant and pervasive impact on the economy,” reaching $30-$50 billion over the next 3-5 years.
As the technology industry sets its sights on wearable computing, it’s time for fashion and luxury brands to take the space seriously, or risk losing highly lucrative real estate on the emerging battleground of the human body.
The cobbler and the Colosseum (Telegraph) “Yet very soon the unmistakeable circular façade of the Colosseum will be obscured by scaffolding for the beginning of a €25 million restoration funded entirely by Diego Della Valle, the 58-year-old founder of the shoe company Tod’s.” Apple reveals core values in patent trial (Marketing Week) “Apple is demanding that Samsung pays $2.5bn (£1.58bn) and withdraws
The Spotlight | Laurenceairline (Emerging Designers) “Many recent international fashion collections have been ’inspired’ by African culture and crafts. But why have we heard so little about designers originating from Africa itself? Enter Laurenceairline, a small Paris-based menswear label…” Finding Your M.O. | Part 5: How to Choose the Right Investors (Education) “Last month, in Part 3 of this series, I
Apple Wants To Buy Pinterest Rival, The Fancy (Business Insider) “Apple is in talks to acquire The Fancy, a fast-growing social commerce site backed by cofounders of Twitter and Facebook, Business Insider has learned. The objective: to secure a role for Apple in the growing e-commerce market.” L Capital in talks with top fashion designers to setup LVMH clone in India (Economic Times) “Private equity firm L
Steve Jobs, 1955 – 2011 (Wired.co.uk) “The full legacy of Steve Jobs will not be sorted out for a very long time. When employees first talked about Jobs’ “reality distortion field,” it was a pejorative — they were referring to the way that he got you to sign on to a false truth by the force of his conviction and charisma. But at a certain point the view of the world from Steve Jobs’ brain ceased to become distorted. It became
Luxury Brands Stake Out New Department Store Turf (WSJ) “As the luxury market rebounds, powerful global brands including Gucci, Prada and Dior are starting to press for more control over the way their products are presented and sold in U.S. department stores. The goal is to chip away at the old sales model used for decades by American department stores and instead operate a store-within-a-store.” All Saints fashion