BoF compiles the most important professional moves of the week.
Topshop’s Sir Philip Green: How he became king of the High Street (BBC News) “The moment Sir Philip Green finally ‘arrived’ was in the year 2000, when he bought the dowdy British Home Stores chain for £200m and rebranded it BHS. According to Stuart Lansley, his restless mind had spotted a beguiling new way to make money from the High Street…” Spain’s Inditex posts 27 pct rise in nine-month
Burberry warning sends shiver through luxury sector (Reuters) “British fashion brand Burberry issued a profit warning on Tuesday, the clearest sign yet that slowing economic growth in China and Europe’s debt crisis are bringing a boom in demand for luxury clothes and accessories to a halt.” A Leap in Volume and Length (NY Times) “The spring collections got a kick of energy as other designers also showed
Family, fashion dominate the days of Carolina Herrera (Reuters) “Designer Carolina Herrera didn’t grow up dreaming of a fashion career. Born in Caracas, Venezuela, she spent her childhood riding horses and pursuing favorite pastimes on the family estate. But fashion became her calling and after a lifetime of design, winning awards and providing red carpet looks for stars ranging from Oscar winner Renee Zellweger to
LONDON, United Kingdom — For years, London’s Bond Street and Sloane Street have been the destinations of choice for luxury brands looking to set up shop in the British capital to serve the wealthy Arabs, Russians, Indians and Asians who call the city home, and more recently, the hundreds of thousands of luxury shoppers that have been descending on London, bolstered by a weaker pound and the depth of riches on offer from every
The Future Of Fashion, Part Three: Hedi Slimane (Style.com) “[Slimane] has been both an insider (as, among other things, the highly influential designer of Dior Homme from 2000 to 2007) and an outsider… Here, he discusses today’s ‘costly and overwhelming fashion avalanche’.” House of Fraser eyes Middle East expansion (FT) “House of Fraser is set to announce plans to expand into the Middle East,
What’s a Dress Worth? (NY Magazine) “The online retailer Gilt Groupe offers a great deal: Buy designer clothes at deep discounts. But is it good or bad for fashion?” Chanel to sell goods online (Marketing) “Chanel is to begin selling products directly through its website later this year in a landmark decision likely to be followed by rival luxury brands.” Carolina Herrera Sees Signs of Life in Luxury (WSJ)
Luxury retailer look to stage Christmas comeback (Market Watch) “A year after the luxury sector reported the worst holiday season in the already-battered retail industry, high-end retailers are hoping a variety of gambits, from increased exclusives to emphasis on telling why an item is special, can cast that holiday magic.” Record ecommerce sales number reached (Biz Report) “They predicted it and it has now