Brioni Shock (Vogue UK) “Brioni is ending its womenswear line, and its contract with the label’s creative director Alessandro Dell’Acqua. Brioni’s manufacturing plant in Italy, which was dedicated to the production of the brand’s womenswear collections, will be shut down in September.” Why luxury goes hand in hand with sustainability (Guardian) “As social and environmental stresses increase
PPR eyes Brioni (Reuters) “French luxury goods and retail group PPR is considering buying family-owned Italian tailor Brioni for about 350 million euros ($508.4 million)… The deal, if it goes ahead, would allow PPR to make further progress on its pledge to get out of retail and make luxury and sports brands its central focus.” A Proenza Schouler Deal Is Near (On the Runway) “A European private-equity firm is expected to
Is a Runway Show Really Necessary? (IHT) "In [the film's] bravura, its beauty and its possibility of going viral to hundreds of million of people... this grand slam in the virtual world poses a question that is increasingly being asked by both designers and executives: Is a fashion show really necessary?" Imagining the Brioni Woman (WSJ) "Mr. Dell'Acqua's task is to inject his romantic, feminine-but-not-frilly aesthetic into a label whose womenswear has in the past seemed severe... The designer is taking a surprising approach for a brand associated with chairmen of the board." Louis Vuitton ramps up social media, mobile engagement efforts (Luxury Daily) "Luxury icon Louis Vuitton is accelerating efforts to engage its legion of fans through social media…
Guess Sets Its Sights on Europe (Business Week) “The iconic maker of fashion jeans and other apparel is expanding fast in Europe with a new retail push and tighter control of its brand.” A Not-So-Guilty Pleasure (NY Times) “For months now, consumers have been hunkering down in an economic storm, buying only what they need to survive, like groceries, diapers, medicine — and shoes.” Luxury brands are back to
Brioni, Suitmaker to Presidents, Adapts to Crisis (New York Times) “The fashion house Brioni is best known for dressing James Bond in black tie and creating hand-sewn custom suits that start out at $4,000 and run as high as $47,000. But this fall it is adding something a lot more humble to its lineup: a T-shirt.” Escada Plummets as Bankruptcy Looms on Last Day of Bond Exchange (Bloomberg) “Escada AG dropped 26
Fashion: How Do You Sell in Paris? With Romance (The New York Times) In Paris, “unless the economic crisis worsens, designers are not likely to react in a meaningful way. That’s because men’s fashion has enjoyed an incredible run among young consumers in the last decade, with some of the strongest interest directed to tailoring.” The $43,000 Recession Suit (WSJ) With many retailers staying conservative amid the
Japan slips into recession (FT) According to FT, "the Japanese economy entered its first recession in seven years." Brioni Seeks Minority Investor (WWD) Brioni is said to be selling a 20-25 percent stake of its company. The Green revolution: Sir Philip Green (The Scotsman) Sir Phillip Green will have his eye on the many high-street fashion companies up for sale next year. Will London's First Luxury Mall Spur Spending? (Ad Age) A faltering economy and the fact that malls are not a huge part of the European shopping culture could make Westfield London a tough sell. Street scene in Shibuya, Tokyo courtesy of Guwashi99, under Creative Commons.