BoF editor-in-chief Imran Amed recaps the week’s top developments in the business of fashion.
NEW YORK, United States — Condé Nast is expanding the role of Vogue editor-in-chief Anna Wintour. She has been named the company's artistic director. The appointment was announced Wednesday by CEO Charles H. Townsend. Wintour's new duties include developing an overall "creative vision" for Condé Nast.
NEW YORK, United States — Condé Nast is launching a slate of original Web series, continuing the publisher's push to expand its stable of magazines into multimedia programming.
Coach handbag sales take hit, stock slumps (Reuters) “Coach Inc on Wednesday reported weak holiday-quarter results and unveiled a new strategy for shoes and clothing, spooking investors with the notion that the days of strong demand for its premium leather handbags may be numbered.” And Precisely So (NY Times) “The designers are learning to use the extraordinary skills of a couture atelier to be more self-critical
Minimalist Matters (IHT) “Jil Sander is the archetypal figure to have reinterpreted mid-century Modernism. Her fashion life has been dedicated to streamlining style and to recognizing the dynamic place of women in society. But where should the designer take that vision now that she has returned to her own label after eight years and a series of stop-go comebacks?” China’s corruption crackdown takes shine off
Olympians become the new fashion ambassadors (The Guardian) “Their Olympic glory may now be over, but the stars of London 2012 are enjoying a new spotlight – as fashion’s latest darlings… Fashion and sport alliances look likely to continue in this vein in the aftermath of London 2012.” Condé Nast Invests in Digital Advertising Company Flite (Media Decoder) “The company will go from being a client
British Vogue editors, normally ensconced behind their desks at Vogue House or off on fashion shoots in far flung locales, were zipping around with clipboards, cue cards and headsets, each playing their part in the first ever Vogue Festival.
LONDON, United Kingdom – Moves this week from within Condé Nast International suggest that some of the media giant’s edgiest fashion publications – including French Vogue and Love magazine – are finally gearing up to seize the digital opportunity in a more meaningful way. Superstylist Katie Grand, the creative force behind Love magazine, took to her brand new Twitter account Monday to announce the appointment of Alexander Fury in
Luxury shoppers travel to UK for bargains (FT) “The changing appetites of Asian shoppers have driven share prices of luxury groups up and down during the course of 2011… Angela Ahrendts, Burberry’s chief executive, has coined the term ‘Travelling Luxury Consumer’ or TLC to describe its key customer group, arguing this is a more powerful force than the Chinese market alone.” A leg up for Condé Nast
Highest Quality, Lowest Prices in Hong Kong (Bloomberg) “Hong Kong retail sales, boosted by mainland Chinese tourists, surged 26 percent to HK$264 billion ($34 billion) in the eight months through August… Zhang Zuoru said it was worth waiting in line in the Tsim Sha Tsui tourist district of the former British colony. She bought a bag in the Chanel store on Canton Road for 33,000 yuan ($5,190), at least 20 percent less
Louis Vuitton picks Constans as new chief (FT) “Yves Carcelle, chief executive of Louis Vuitton, will stand aside at the end of the next year to be replaced by Jordi Constans, a senior executive of Danone, the French yoghurt group. The move, announced by Louis Vuitton’s parent company LVMH on Wednesday, reflects a trend among luxury goods groups to hire senior executives from the consumer goods industry as their rapid