Escada on bankruptcy brink, Luxury sales, Cartier courts talent, Korean Luxury, UK Retail sales rise

Escada ad in Berlin

Escada in talks with insolvency experts (Drapers) “German womenswear brand Escada may cease to trade as it teeters on the brink of insolvency, according to its chairman Bruno Saelzer.” Sales ring the alarm on what defines luxury (Gulf News) “Inventory-driven business models now rule much of the high street apparel on offer. But the heavily discounted sales across town come to an abrupt end when you stumble upon

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Chanel’s Future, Chinese luxury tastes, Cautious Green, Givenchy couture, E-tailers struggle for marketshare

Chanel Haute Couture show, courtesy of The New York Times

Chanel, Now and Then (New York Times) Cathy Horyn discusses the future of Chanel with Karl Lagerfeld. Louis Vuitton, Cartier Are Preferred by Chinese, Survey Shows (Bloomberg) “Louis Vuitton and Cartier are the top choices of Chinese consumers for purchases as their thirst for luxury goods remains unabated in the global economic crisis, a survey commissioned by Ruder Finn Asia showed.” Sir Philip Green cautious on

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Prada’s profit falls, Cartier cuts hours, Gap teams with ASOS, Missoni’s London store, Ballantyne’s new Chairman

Prada S/S 09 Ad campaign, courtesy of Prada

Prada lays foundations for future growth (Financial Times) “Prada, the privately owned Italian fashion house, reported on Tuesday a 22 per cent fall in net profit for 2008 of €99m and sought to position itself for growth when the global economic crisis eases.” Cartier cuts working hours as demand dwindles (Reuters) “Richemont, the world’s second-largest luxury goods group behind LVMH, is cutting working

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Lanvin in London, Delhi’s Emporio Mall, Newspaper crisis, Cartier’s massive Middle East boutique

Lanvin's London store, courtesy of FashionIndie

The New Lanvin Store Opens In London (Fashion Indie) Lanvin, the uber luxe womenswear line designed by Alber Elbaz, opens a new store London store. A marriage made in marble: Fashion local and global (IHT) In Delhi, “the Emporio Mall is an Indian temple to haute luxury.” US newspaper crisis deepens (FT) The New York Times and the Washington Post are in deep cost-cutting mode. Cartier Launches its Biggest Boutique in

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