Cucinelli Becomes Billionaire Knitting $1,920 Cashmere Cardigans

Brunello Cucinelli S/S 2013 Campaign | Source: Brunello Cucinelli

MILAN, Italy — Brunello Cucinelli, the 59-year-old founder of the luxury fashion house that bears his name, has become a billionaire. Knitwear brand Brunello Cucinelli SpA has more than doubled in value since its initial public offering in Milan last April, giving Cucinelli a net worth of at least $1 billion, according to the Bloomberg Billionaires Index. He has never appeared on an international wealth ranking.

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Modernism in Milan, China cracks down, Cucinelli’s positivity, French Vanity Fair, Queen of Punk

Jil Sander Spring/Summer 2013 | Source: Nowfashion

Minimalist Matters (IHT) “Jil Sander is the archetypal figure to have reinterpreted mid-century Modernism. Her fashion life has been dedicated to streamlining style and to recognizing the dynamic place of women in society. But where should the designer take that vision now that she has returned to her own label after eight years and a series of stop-go comebacks?” China’s corruption crackdown takes shine off

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Market Pulse | Back in the Tourist Business

Savigny Luxury Index August 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) gained 5.5 percent in August, outperforming the benchmark MSCI World Index (“MSCI”) by over four percentage points.  Strong results by sector leaders confirmed continued growth in Asia and increased tourist spending in Europe, thanks in part to a weaker euro. Big news Richemont, Hermès, Prada, Tod’s, Michael Kors and Ferragamo all confirmed a healthy outlook for 2012, driven

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MAC’s crusade, Cucinelli IPO dampens profit, Tod’s profit up, Vionnet disruption, Singer out

Brunello Cucinelli Autumn/Winter 2012 | Source: Brunello Cucinelli

How a cosmetics company built brand equity by taking on the fashion world’s biggest killer (Financial Post) “Last year, Canadian-founded MAC Cosmetics raised $38-million through its MAC AIDS Fund to help combat the spread of AIDS. The success of the 18-year-old campaign predates the cause-marketing boom that has stormed the corporate world and yet continues to attract celebrity spokespeople.” IPO Costs Dampen Profits at

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Dame Vivienne, DailyCandy secrets, Luxury bubble, Cucinelli rises, John Skelton’s philosophy

Vivienne Westwood by Craig McDean | Source: Interview

Vivienne Westwood by Tim Blanks (Interview) “Vivienne Westwood has a request. Before we start our conversation, she wants to get on her soapbox about climate change, the issue that consumes as many of her waking thoughts as the fashion career that has brought her notoriety, adulation, and the title of Dame of the British Empire.” DailyCandy’s Secrets to Sweet Success (Forbes) “Since the company’s birth in

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Market Pulse | Clouds on the Horizon?

Savigny Luxury Index May 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (“SLI”) slid 5.2 percent in May, underperforming the benchmark MSCI World Index (“MSCI”) by almost 2 percentage points.  Strong results mixed with an increasingly glum outlook for Europe and indications of a slowdown in China resulted in some profit taking as investors exited the sector.  All the stocks in our index ended the month negatively. Big news Although the sector delivered

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Preserving Calvin Klein, Macy’s upbeat, Cucinelli rises, Fashion incubator, Ford’s satisfaction

Francisco Costa by Danny Clinc | Source: NY Times

Francisco Costa (Interview) “For the last nine years, or 18 seasons, as women’s creative director at Calvin Klein Collection, 47-year-old Francisco Costa has simultaneously managed to preserve one of the most iconic brands in fashion—one that has proven to the world that Americans can be spare, chic, and sexy right alongside their European counterparts.” Macy’s maintains outlook, disappointing Street

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Gap’s brand lab, Italian IPO appeal, PPR sustainability plan, Social gifting, Tumblr show

Brunello Cucinelli Spring/Summer 2012 | Source: Neiman Marcus

A Humbled Gap Tries a Fresh Coat of Pep (NY Times) “Yet this is a Gap — at the Grove, an upscale mall in Los Angeles. Only it’s more than a Gap — it’s a laboratory for reviving the brand, one of the great hot-to-not stories of American retailing” Cucinelli’s stellar debut seen boosting Italy IPO appeal (Reuters) “Italian cashmere specialist Brunello Cucinelli made a sparkling market debut in Milan on Friday,

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Reorganising for growth, Cucinelli IPO, Digital retail tools, Reimanns unmasked, Pinvolve

Givenchy store Paris | Source: Paris.com

Luxury Goods Oust Executives With Global Economy in Flux (Business Week) “Luxury-goods makers are spring cleaning their boardrooms and ateliers. At least 14 new presidents, chief executive officers, chief financial officers and creative directors started at European companies, including Mulberry Group Plc and PPR SA in the first quarter alone.” Cashmere house Cucinelli IPO approved by Milan bourse (Reuters)

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