BoF distills recent fashion stories from the French media.
PARIS, France — Ever since fashion entrepreneur Diego Della Valle acquired the rights to couturier Elsa Schiaparelli’s name in 2007, the fashion world has waited with bated breath for news of the label’s relaunch, which was formally confirmed last year. Today, following speculation in Women’s Wear Daily that Marco Zanini, creative director of Rochas, would be tapped as creative director, Schiaparelli revealed that the French
What Christian Lacroix Did Next (NY Times) “‘This is my couture,’ says Christian Lacroix, before his latest creations took to the stage in “La Source,” a magical realist ballet created in the 19th century and rarely seen since then. These fantastical costumes, mixing folkloric outfits with diaphanous pastel dresses, scattered with sparkling crystal, are for just one among a series of theatrical events across Europe that Mr. Lacroix
Online retailers discover the joy of journalism (FT) “‘Mail-out magazines are a great way to create a shop floor for online retailers when they don’t have a physical space… Journalists have a different skill set. They know how to engage the readers, and engage communities of readers.’” Egypt crisis has effects on luxury market (CPP Luxury) “The current ongoing turmoil in Egypt has brought a
Today, BoF exclusively brings you Savigny Partners’ blow-by-blow analysis of the rapidly shifting luxury fashion business model which is undergoing transformation due to underlying shifts in consumer values, technology and globalisation LONDON, United Kingdom — Luxury fashion is a very exciting business which can generate substantial returns if you get the formula right. Not only is there the ability to charge up to ten times
Paris Men’s: Fashion Hams and the Home Front (NY Times) “Despite some of Mr. Helbers’s knowing design details, especially in the mix of textures, the dark clothes were plain enough to make you seem invisible, one more dude in the lonely crowd. But if you can afford Louis Vuitton, would you want that distinction?” An Exclusive Sit-Down with Alexandre Plokhov (MANual) “Like pretty much everyone else who follows
Jewelry With Stories to Tell (IHT) “You don’t need 3-D glasses for the sculpted shapes to stand out and the colors to pop. But the high jewelry that had an open day during last week’s haute couture season is finely tuned to the latest fashion.” Christian Lacroix’s New Creative Director is Up for the Challenge (Fashionista) “Besides Sarah Burton at Alexander McQueen, there is no designer in the world with a more
Filching a Good Name for Internet Use? (IHT) “A search for ‘Louis Vuitton’ on Google’s British Web site turns up an advertisement for ‘Designer Handbags 70% off’ — to the fury of LVMH, the French luxury goods conglomerate that owns the brand.” Luxury earnings forecasts to rise (Reuters) “Burberry, Richemont and Swatch Group touched a one-year peak on Thursday, but expectations about the
Adidas Net Profit Drops 65 percent (WSJ) “Adidas reported a sharper-than-expected 65% fall in quarterly net profit Wednesday, but said it expects a rise in 2010 sales and earnings.” H&M plans two-for-one stock split (Reuters) “The world’s third largest fashion chain by sales said on Wednesday its board would propose the split at its annual shareholders’ meeting on April 29 and it would take effect
End of a fairytale: Christian Lacroix fashion house to strip down (Guardian) “Christian Lacroix, the celebrated French designer whose fantastical creations and luxurious image captured the decadence of its age, was told today that the fashion house he founded over two decades ago is to cease making haute couture.” J.C. Penney Is Betting Big By Adding A European Flair (WSJ) “J.C. Penney Co.may be making its biggest
No firm buyer seen for Christian Lacroix fashion house (AFP) “The outlook for beleaguered French couture house Christian Lacroix looked bleak at the weekend after potential buyers let a deadline pass to deposit cheques ahead of Tuesday’s bankruptcy court hearing.” Upscale Retailers May Get Lift from High-Income Shoppers (USA Today) “The holiday shopping season may just prove a little merrier than expected.
One long-time designer is conspicuously absent from the Paris Fashion Week schedule for Spring/Summer 2010. Indeed, Christian Lacroix’s Haute Couture show in July (pictured above) was billed as possibly his last fashion show ever. But, while rumours continue to swirl of would-be white knight investors to save Lacroix — the latest is Hassan bin Ali al-Nuaimi, a nephew of the ruler of Ajman — BoF investigates the wider
Armani Names Group of Lieutenants But Succession Questions Linger (WSJ) "Giorgio Armani, after recovering from a months-long bout of hepatitis, slightly loosened his grip on his fashion empire Wednesday, naming one of his most-loyal executives as deputy chairman, as part of a management reorganization." View the Armani S/S 10 runway video here. Sheikh's position strengthens in Lacroix auction (FT) "The sheikh of Ajman yesterday emerged as the frontrunner to buy Christian Lacroix, the loss-making French fashion house, after Italy's Borletti Group dropped out of the auction." Hugo Boss signs Graeme Black to drive womenswear (Drapers) "Hugo Boss has named London-based designer Graeme Black as creative consultant for the Boss Black women’s collection." Gucci Snake Bag Draws Ire in China as…