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

| Daily Digest

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

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

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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

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

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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

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Lacroix seeks partner, Bamford and Pringle organize, Fast Retailing reports success, U.S. retail vacancies rise

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Illustrations by Christian Lacroix recently showcased at the National Museum of Singapore

Fashion House Lacroix Seeks Partner (WSJ) “The owner of the iconic but unprofitable Christian Lacroix couture fashion house is in talks to sell a stake in the firm to private investors, people familiar with the matter said, as cutbacks by U.S. department stores take a toll on apparel designers.” Bamford, Pringle said to be restructuring (WWD) “Two British luxury labels—Bamford and Pringle of Scotland—are

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YSL in the black, Net-a-Porter profits, Wal-Mart reflects harsh economy, Lacroix goes back to basics

| Daily Digest

[caption id="attachment_2450" align="alignnone" width="501" caption="Stefano Pilati of YSL, courtesy of Wallpaper"][/caption] Black is back at Yves Saint Laurent (Financial Times) After ten years of losses, Yves Saint Laurent breaks even amid the current recession. Net-a-Porter profits rocket (Drapers) Due to improved margins, Net-a-Porter's pre tax profits are up 300 percent to £9 million. Wal-Mart's Profits Attributable to Sad State of Economy (Seeking Alpha) "Wal-Mart is one of the few stalwarts to actually expand business amidst today's financial carnage and the glowing statistics are not to be mistaken for a grandiose harbinger of U.S. economic vitality." Christian Lacroix Heads Back to the Basics (WSJ) As a response to the economic tumult, Lacroix pulled back on his signature exuberance.

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