Lacroix’s non-fairytale ending, J.C. Penney and Mango, Designer rentals, Yoox IPO, McCartney meets Morrissey

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

…Continue Reading

Questioning Lacroix’s future, Upscale shoppers return, Italians online, Burani settles debt, Chinese in London

Christian Lacroix Autumn/Winter 08/09 | Source: Christian Lacroix

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.

…Continue Reading

Paris Fashion Week | The Culture of Luxury

Christian Lacroix | Source: NY Daily News

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

…Continue Reading

Armani loosens grip, Sheikh eyes Lacroix, Black to Boss, China’s widening wage gap, Saks offers stock

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…

…Continue Reading

Prada talks to Richemont, Telegraph partners with Net-a-porter, Middle Eastern muse, Lacroix’s story, Roland Mouret

Prada A/W 09 ad campaign, courtesy of Prada

Prada bankers contact Richemont on stake-paper (Reuters) “Bankers for Italy’s Prada fashion house have contacted Compagnie Financiere Richemont SA about the Swiss company taking a stake in it, la Repubblica newspaper said on Saturday. In an unsourced report, the Italian daily said the banks, including Intesa Sanpaolo SpA and UniCredit SpA, would like an industrial partner for Prada with a stake of up to 30.”

…Continue Reading

Bidding for Lacroix, LVMH optimistic, Galliano licensing deal, High street predictions, Polyvore designs

Christian Lacroix

Bidding for Lacroix Fuels Hopes of Survival (WSJ) “Italy’s Borletti Group, an investment company that owns stakes in Europe’s La Rinascente and Le Printemps department stores, is one of four firms to have submitted bids for Christian Lacroix fashion house, raising hopes that the struggling French brand won’t be closed down.” LVMH 1H Net Pft -23% On Distributor Destocking (WSJ) “LVMH Moet Hennessy

…Continue Reading

Hope for Lacroix, Hermès gains, License vs. Franchise, BRC recommendations, Swimwear sales rise

Christian Lacroix sketches on display at the National Museum of Singapore

Bernard Krief Consulting bids for Christian Lacroix (Reuters) “Turnaround investment group Bernard Krief Consulting is planning to make an offer next week for cash-strapped French fashion designer Christian Lacroix, it said on Monday.” Hermès 2Q Sales Rise 12%, Keeps ’09 Guidance (WSJ) “Luxury goods company Hermès International Tuesday stuck to its full-year target of flat revenue after posting a 12 percent

…Continue Reading

Burani to license Valli, Menkes on Couture, Berlin Fashion Week, Jewelry cutbacks, Lacroix nears closure

Giambattista Valli A/W 09, courtesy of coutorture

Burani to License Giambattista Valli Fashions (WSJ) “Italy’s Mariella Burani Fashion Group said it has signed a five-year contract to make and distribute the ready-to-wear collection of Italian fashion designer Giambattista Valli, a deal aimed at growing both companies as the luxury goods industry suffers through the economic crisis.” Haute Couture Faces Uncertain Times (IHT) “In the closeted world of satin

…Continue Reading

Lacroix files for bankruptcy, Free retail space, Retail sales drop, American Eagle falls, Fashion ateliers

Absynthe 09 ad campaign, courtesy of Christian Lacroix

Christian Lacroix Files for Bankruptcy Protection (New York Times) “The French couturier whose artistic and exuberant pouf dresses propelled him to fame in the 1980s has become the latest victim of the global financial crisis.” Red or Dead founders offer free retail space to start-ups (Drapers) “Red or Dead founders Wayne and Geraldine Hemingway will offer free retail space to new businesses for two months via a

…Continue Reading