Prada revenues jump, Bill Blass shake up, Magazine newsstand sales drop, Lucky clicks, Elin Kling

Jeffrey Monteiro | Source: CDN

Prada first-half revenue buoyed by robust Asian growth (Reuters) “Italian fashion house Prada, which competes with Louis Vuitton and PPR’s Gucci, posted a 36.5 percent jump in first-half revenue, buoyed by strong growth in Asia, with sales driven mainly by its Prada and Miu Miu brands.” Bill Blass Fires Designer. Again. (On the Runway) “Jeffrey Monteiro and the rest of the women’s design team at Bill Blass

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Luxury’s breaking point, Versace’s loss, Blass hires, Topshop goes West, Richemont revives

Luxury’s Breaking Point (CNBC European Business) “MasterCard SpendingPulse reported luxury goods was the worst hit category in the final two months of 2008, with year-on year sales nosediving 34% between 1 November and 24 December in the US.”  Versace Profits Fall 30 Percent (WWD) Versace feels the effects of the downturn with a 30 percent decrease in net profits. (Subscription required) Bill Blass is Hiring

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Brazil’s potential, Bill Blass’ revival, Retail bankruptcies, Ted Lapidus dies

Brazilian flag, photo courtesy of

Image courtesy of Daslu   Italian Luxury Brands See Potential in Brazil (WWD) With its growing GDP and rising number of affluent people, Brazil is an attractive market for luxury brands. Bill Blass’s New Owner Plans to Revive Couture Line (WSJ) Peacock International Holdings LLC, the new owner of Bill Blass plans to revive the line “within nine to 12 monthw.” Parent Company, a Retailer, Files for Bankruptcy (NY Times)

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Wal-Mart wins, Blass’ swan song, Veggies in skin care, Chanel cuts jobs

Wal-Mart, photo courtesy of

Retail Winners and Losers This Holiday Season (Seeking Alpha) “Wal-Mart is the only real retail winner during the 2008 holiday shopping season, which is presaging more retail bankruptcies in the year ahead,” reports Seeking Alpha. A long swan song for the Blass House (IHT) It was the beginning of the end when Bill Blass sold his eponymous label in 1999. Veggies invading the skin care market (IHT) The supermarket produce

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Blass closes, Nike paces ahead, Max Azria runway shows, Chanel cancels Mobile Art

Bill Blass Couture to Close (WSJ) Once the go-to house for American socialites and Hollywood elite, Bill Blass Couture will close. Nike picks ups its pace  (Just-style) Strong performance in international markets has helped the sportswear giant achieve a 9% profit increase in the second quarter.  Max Azria: The Show(s) Must Go On (WSJ) Although the BCBG Max Azria Group has taken a financial hit like so many other fashion companies,

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NexCen | Meltdown and mystery

NEW YORK, United States - In recent days, NexCen has experienced a meltdown unlike anything the fashion world has seen, leaving Bill Blass,  its star brand, in play as vulture investors circle to assess what value remains. NexCen's failure to disclose a $30m debt that must be paid back by October has sent its stock reeling and could very likely result in the company going bankrupt. Its CEO Robert D'Loren's job is at stake and the company's investors and other stakeholders are furious. The dramatic turn of events underlines the fact that even culturally important brands like Bill Blass can suffer collateral damage in the new era that has brought fashion and finance together. In February, Lauren Goldstein Crowe investigated…

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Bill Blass: The Peter Som and Michael Bastian tag team

A couple of weeks ago in New York I caught up with Elana Posner, President of Peter Som, over lunch. Amongst a flurry of topics, we touched (briefly) upon the gossipy item in WWD on July 6th which leaked the news that Peter was soon to be appointed as the new womenswear designer for Bill Blass, owned by NexCen brands. What I didn't know at the time was that Michael Bastian would be designing the men's collection. So, I was excited to hear the news confirmed today, not only because it could finally be discussed on The Business of Fashion, but also because these are inspired choices made in part by NexCen. What a pleasant surprise! It's been a good…

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