Chanel growing old, Chinese spending power, Macy’s posts gains, The laws of fashion, Angela Ahrendts cashes in

| Daily Digest

Angela Ahrendts of Burberry | Source: Wharton Women

Chanel’s luxury dream is turning to dust (Marketing Week) “According to the company’s 2010 estimates… [Chanel] lost 11% of its brand value over the past 12 months. It’s a rare glimpse into the actual state of Chanel’s brand health.” Chinese spending power underestimated, study says (Market Watch) “Chinese households have far more money than previously thought… property companies and even European

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Jil Sander’s Uniqlo glow, Theyskens in the middle, Overdiversification risks, Versace banks on 2011, CFDA awards

| Daily Digest

Jil Sander Bathes in the Glow of Uniqlo (NY Times) “This sensitive yet strong woman, trained as a textile expert, created a fashion house… and listed her company on the Frankfurt stock exchange… The fact that she walked out twice on Prada… is part of 21st-century fashion legend.” Taking the High Cost Out of Haute Couture (IHT) “In the spirit of the Jil Sander/Uniqlo collaboration — but at a

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Valli courts royals, Benetton CEO to step down, Ralph’s online show, Brazil’s emerging luxe, CFDA nominees announced

| Daily Digest

Giambattista Valli Autumn/Winter 2010 | Source: Style.com

Inside a Jet-Set Designer’s Atelier (WSJ) “Mr. Valli has become a go-to designer for the rich and royal. Producing confections of silk satin, cashmere and tulle that have been compared to Rolls-Royce sedans and have prices to match, he has dressed clients from Queen Rania of Jordan to Sarah Jessica Parker.” Benetton CEO Leaving In April After Sales Drop (WSJ) “Italian clothing retailer Benetton Group said

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New Look IPO confirmed, Valentino rebounds, Uniqlo comes up short, CFDA incubator, The Luxury Prime

| Daily Digest

Giles Deacon for New Look | Source: Journal Live

New Look to raise £650m in IPO as it takes on high street old guard (Telegraph) “New Look aims to raise £650m by returning to the stock market, giving it the funds to repay debt and keep taking business from high street stalwarts Marks & Spencer and Next.” Valentino Sales Rebound May Signal More Openings, Chief Says (Business Week) “Retailing revenue rose at a ‘double-digit’ pace in the last two

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Sander consults, Delhi gets ready, Moncler fever, CFDA nominees, Escada tumbles

| Daily Digest

Jil Sander and Tadashi Yanai, courtesy of AFP

Jil Sander to join Uniqlo (Drapers) Jil Sander is set to become a design consultant at Uniqlo, “which will see her take overall creative control of the value fashion chain’s womenswear and menswear ranges.” Delhi gears up for two fashion ‘weeks’ (India PRwire) “Term it excess in times of a global economic slump, but two parallel events – the Wills Lifestyle India Fashion Week (WIFW) and the

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