J.Crew Takes a Leading Role in Men's Fashion (Bloomberg) "The men's fashion landscape has long been dominated on one side by luxury brands... [or alternatives] that no longer seem au courant. J.Crew has emerged in this void as the merchant of a new style that bridges work and leisure, youth and age, vintage and contemporary, gay and straight." Will Chinese Shoppers Embrace Luxury Goods–Sans Logo? (Forbes) "Although luxury shoppers in established, recession-stung markets may gradually be lured back into stores by understated items...will this trend appeal to potential buyers in emerging — and lucrative — markets like China, where garish still equals good?" Hermès launches street style website (MyFashionLife) "Dedicated solely to its signature square scarves, the new website, called…
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
Seen on the Street: Strangers as Style Icons (WSJ) “We’ve had the age of supermodels as fashion icons and the age of celebrities. Now comes the age of attractive strangers… BeautifulStranger, The Sartorialist and other photo websites are turning fashion’s focus from models to regular people.” Chinese luxury wannabes try to shake off “Made in China” image (Reuters) “‘I threw away
Global Luxury Brands Abandon Chinese Partners (Business China) “In addition to taking direct control of stores in China, luxury brands are hoping to boost profits by tailoring new product lines to the meet local consumer tastes, and moving their manufacturing bases to China or other Asian countries with low labor costs.” The Four Species of Wealthy Consumers (WSJ) “A doctoral student and two professors have been
Wanted: Guy Shoppers for Fashion Sites (WSJ) “Online fashion shopping sites like Gilt Groupe and Rue La La have been a hit with women since launching over the last three years. A new push to get men to shop in these web boutiques is proving more difficult.” Foreign luxury companies take note: Chinese consumers favour CSR (FT) “A new study points to a more powerful tool: promoting corporate social responsibility.
China’s textile firms may face bankruptcy on yuan appreciation (Xinhuanet) “Half of China’s textile firms may risk going bankrupt if the value of the Chinese currency yuan rises 5 percent against the U.S. dollar given the industry’s thin profit margins.” French Court Kicks Google/LVMH Case Back To Appeals (WSJ) “The French Supreme Court Tuesday referred a previous ruling against Internet search
Liberty appoints advisers to review the business (Drapers) “Liberty has confirmed it is set to appoint advisers to lead a review of the business, which could lead to a sale of the iconic London department store.” LVMH, Chanel Force EU to Modify Draft Law on Internet Sales (Bloomberg) “Luxury goods makers LVMH Moet Hennessy Louis Vuitton SA and Chanel SA may win more control over how Web-based retailers sell their
PARIS, France - Just a few weeks ago I met Qiu Hao in Shanghai I am thrilled to announce that tonight in Paris he has been awarded the Woolmark Prize, worth €100,000. The award is is famous for anointing both Karl Lagerfeld and Yves Saint Laurent in 1954 and this year it has been resurrected by Australian Wool Innovation, which recently acquired the Woolmark brand. Said Mr Craig Welsh, CEO of AWI, "We see the Woolmark Prize as an opportunity to support the future of design and at the same time, showcase to the world Australian Merino wool at its best and most innovative." For those of you who missed it, please check out our feature on Qiu Hao and his…