Gauging Gilt’s impact, Chanel to finally sell online, Herrera holds hope for luxury, Andam prize grows, LFW preview

| Daily Digest

Christian Louboutin, Picture Hanna Whitaker | Source: NY Magazine

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)

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More closures for Seibu, US confidence rises, Berlin booms, The royal treatment, Couture’s strange beauty

| Daily Digest

Seibu Yurakucho | Source: theworldmodspb

Seven & I to Shut Seibu Department Store on Sales (Bloomberg) “Seven & I Holdings Co., Japan’s largest retailer, will shut a Seibu outlet on Dec. 25, its third department-store closure in two years as demand slumps for clothes and luxury goods… Department store operators Isetan Mitsukoshi Holdings Ltd. and J. Front Retailing Co. have also shut stores amid falling wages and rising job losses.” U.S. consumer

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Chanel Learns to Think Like a Media Company

| Fashion 2.0

“Vol de Jour” by Karl Lagerfeld | Source: Chanel.com

NEW YORK, United States — In recent seasons, while a deep economic downturn has threatened the long-term survival of many magazines, a number of major fashion brands have been creating their own editorial content, and perhaps no brand has done more of this than Chanel. Back in November, Olivier Zahm posted an image of several layouts from 31 Rue Cambon, announcing “the first Chanel magazine which I have art directed and

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Permira holds Boss, Chanel wins suit, Vuitton’s new ads, Recession’s reality on Rodeo, Christmas trading

| Daily Digest

Rodeo Drive | Source:

Permira to keep Hugo Boss, ProSieben for years (Reuters) “Permira doesn’t plan to exit from media company ProSiebenSat.1 and fashion label Hugo Boss for a couple of years, the German head of the private equity company told Reuters.” Chanel wins counterfeit case but is forced to pay damages (Telegraph) “A seamstress who took Chanel to court for stealing her small firm’s crochet pattern has lost her

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Mittal saves Escada, Victoria’s Secret to Europe, Upmarket eBay, Asia boosts Hermès, Chanel goes to court

| Daily Digest

Megha Mittal to buy luxury fashion house Escada (Reuters) “‘Today the insolvency administrator of ESCADA AG signed a sale and transfer agreement with one of the Mittal Family Trusts,’ the company said in a statement late on Thursday after the preliminary creditors’ committee approved the deal.” Victoria’s Secret unveils plans for launch in UK and Europe (Retail Week) “US fashion and beauty giant

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