BoF editor-in-chief Imran Amed recaps the week in the business of fashion.
A number of prestigious retailers have been squeezing young London designers on payment terms and, in some cases, failing to pay on time, which can be debilitating for emerging fashion businesses. These practices must be stopped.
After several seasons of struggling to gain traction, Ostwald Helgason is firmly on the ascent. But how did the label go from false starts to a prominent and rising position on the global fashion radar?
British Fashion Gets a Web Dynamo (IHT) “This month Natalie Massenet, the founder of Net-a-Porter and Internet guru to the fashion world, will throw her might behind London Fashion Week. As the newly appointed chairman of the British Fashion Council, she will use her power to promote designers not in their traditional role as funky and cool, but as major players in a global arena.” Carlyle, KKR among Maje, Sandro
Paul Smith: still the best of British (Telegraph) “‘Quirky and cool’ work well to encapsulate his output, from his first boutique in Nottingham in 1970 selling standard shirts with colourful stitching around the buttonholes, to a business empire that today stretches to 75 countries, with a turnover of £400 million.” H&M August sales hit by warm weather (Reuters) “World no.2 fashion retailer Hennes