Big changes at Gucci Group, Behind the Marc, Hermès to LVMH: Cut stake, Rent the Runway, Cast your vote for Calgary

Preparing for the Marc Jacobs show | Source: NY Times

PPR Chief to Run Gucci Himself (NY Times) “The French luxury magnate François-Henri Pinault said… he would personally take charge of Gucci Group as he reorganizes its parent company to focus on the most profitable businesses. Robert Polet, who has headed Gucci since 2004, will be stepping down in a few weeks… Mr. Pinault also said Paul Deneve would replace Valérie Hermann as chief executive of Yves Saint

…Continue Reading

Olivier Zahm gets personal, Crowdsourcing gains steam, Brand master Arnault, Adidas guidance, Window warriors

Olivier Zahm Self-Portrait | Source: purple DIARY

For Fashion’s Bad Boy, No Secrets (NY Times) “[With Purple] and often salacious photographic blog, purple-diary.com, Mr. Zahm, a former art critic, has become a demi-celebrity in the fashion world. He likens himself to Andy Warhol, who managed a similar feat with Interview.” Discount luxury e-tailer BrandAlley to launch a crowdsourced platform (Independent) “Discount luxury e-tailer BrandAlley is launching a new

…Continue Reading

Cotton crisis, Hermès’ message to Arnault, NYC fashion campaign, SVG’s Permira gains, Drawing fashion

Cotton Ball Illustration | Source: Cotton in Sector

Cotton Clothing Price Tags to Rise (NY Times) “Cotton inventories had been low because of weak demand during the recession. This summer, new cotton crops were also depleted because of flooding in Pakistan and bad weather in China and India, all major cotton producers.” Luxury group Hermès tells LVMH to back off (Business Times) “‘The family has clearly and unanimously said: If you want to be friendly, Mister

…Continue Reading

Luxury spending rebounds, Mr. Miuccia, Della Valle ups Saks stake, Tokyo sets sights on new gen, Return of the it bag?

Roger Vivier Miss Viv | Source: Holt Renfrew

What The Rich Are Buying Now (Forbes) “While most consumers aren’t returning to their pre-recession shopping patterns, there has been a rebound in luxury spending lately. Ultra affluent shoppers … have started to come out of hiding” Miuccia and Me (WSJ) “Bertelli, is the mastermind behind a label most people associate with his wife, Miuccia Prada, the avant-garde designer who has created global

…Continue Reading

Fashion’s Billionaires, Hong Kong refocuses, CIT leaves clients scrambling, Kellwood teeters

Bernard Arnault, Fracois Pinault and Ralph Lauren, courtesy of Forbes

Fashion’s Billionaires (Forbes) “If hemlines suggest whether the stock market goes up or down, most economic indicators say it’s likely we’ll be looking at longer skirts for the foreseeable future. But even if the economy doesn’t show us more leg for a while, the fortunes of fashion billionaires–who decide what we wear, where we buy it and what bag and shoes goes with it–should remain

…Continue Reading