French luxury conglomerate PPR’s announcement, earlier today, that it has acquired a 51 percent stake in emerging London label Christopher Kane is particularly significant. Indeed, it’s been a very long time since a major luxury group has taken a majority stake in a young designer fashion brand.
PPR buys 51 per cent stake in Christopher Kane (Telegraph) “Following on from rumours which surfaced in November , the luxury conglomerate PPR has today confirmed that it has bought a 51 per cent stake in the business of London Fashion Week label Christopher Kane.” Net-A-Porter sees sales increase by 55 per cent (Telegraph) “Net-A-Porter, the online luxury fashion destination, experienced a 55 per cent rise in
LONDON, United Kingdom — Neither the Savigny Luxury Index (“SLI”) nor the MSCI World Index (“MSCI”) saw much activity during the month of December, finishing up 0.5 and 1 percent, respectively. Big news US shoppers were rather subdued in their purchases over the holiday season, causing all the US components of our SLI to fall immediately after Christmas, and then gradually catching up. PPR unveiled its first China-focused
H&M to launch new concept stores in Spring (Reuters) “World number two fashion retailer Hennes & Mauritz will launch an eagerly-awaited new chain of stores targeting women shoppers in the Spring, it said on Wednesday.” Jason Wu’s New Contemporary Label Miss Wu Is Already a Hit (Daily Beast) “Miss Wu is a departure for the designer, now 30, who emigrated from Taiwan at age 9, launched his namesake label in
LONDON, United Kingdom — Are we talking about London Fashion Week or a festival of childish self-indulgence? For me, fashion design is about cut, shape, body and proportion, as it always has been. But sadly, many of the recent London shows featured banal shapes hidden under a riot of digitally created patterns, sometimes in the crudest of colours. Just imagine if there was an embargo on the use of colour and pattern and designers
LONDON, United Kingdom — London Fashion Week, which concluded on Tuesday evening, has become known for its directional designers and digital prints. Along with our favourite roving backstage photographer, Morgan O’Donovan, we’ve selected ten memorable fashion moments from the London collections. Morgan O’Donovan is a contributing photographer at The Business of Fashion
Metallics, florals and futuristic edge rock London fashion (Reuters) “Rainbow colored metallics, abstract prints and edgy florals sashayed down the runway on day four of London Fashion Week, which featured a star-studded line-up of designers from Peter Pilotto to Christopher Kane and Burberry’s Christopher Bailey.” Relief for luxury groups in French court (FT) “The French luxury goods industry drew a sigh of
Tommy Hilfiger (WSJ) “With his boyish haircut and mischievous grin, it’s hard to believe that Tommy Hilfiger is about to receive the Geoffrey Beene lifetime achievement award from the Council of Fashion Designers of America.” Monetizing Mobile Requires More Than Just Waiting For Ad Dollars (Tech Crunch) “Mobile is exploding. Over 100 million people in the US have smartphones, consumers are spending over 60
LONDON, United Kingdom — Just when you thought London Fashion Week had reached it’s apogée, along came another stellar season of shows from London-based designers who are setting the pace for fashion around the world with their vibrant digital prints, cutting-edge development techniques, and kooky concoctions and accessories. All the while, our favourite roving backstage photographer, Morgan O’Donovan, was documenting
London fashion week showcases the best of British (Guardian) “This week Stella McCartney and Sarah Burton arrived on a catwalk previously ruled by Burberry and Christopher Kane, and yet it felt more like a celebration than a contest, because the strongest brand in London fashion is London itself.” UK manufacturing skills a lure for luxury brands (Reuters) “Britain’s fashion manufacturing is experiencing a
LONDON, United Kingdom — It was a fashion season of extreme weather. After the New York Fashion Week schedule was upended, first by an earthquake and then by the State of Emergency declaration that came courtesy of Hurricane Irene, an unprecedented heat wave in Paris threw buyers, editors and bloggers into a wardrobe tailspin. The American editors were worst off, having packed for the European shows two weeks before Paris with no
http://www.youtube.com/watch?v=BmogH4tp0Vw Engaging The Millennial: Augmented Reality And The Wired Generation (Luxist) “Millennials have grown up linked by BlackBerries, Androids, IPhones, computers, IPods, and video games. This is the generation of Wii, Facebook, Twitter, free downloads, access to just about everything. How do luxury brands engage these mindsets?” J. Crew $10 Million Settlement of TPG Buyout Suit
Gap Profit Up 40 per cent As Old Navy Drives Sales (WSJ) “Gap Inc. (GPS) reported a 40% increase in profits for the first quarter, as sales were boosted by strong performance at the company’s budget brand, Old Navy. Sales at that division rose 6.8% to $1.3 billion, accounting for nearly 40% of Gap Inc.’s total.” Versace and Kane: An Odd Mix That Works (NYT) “They are an odd couple, Mr. Kane and Ms.