BoF compiles the most important professional moves of the week.
NEW YORK, United States — With a little tear and a victory walk down the runway, Donna Karan marked her company's 30th anniversary Monday night with a journey through New York.
Fashion Weighs a Deeper Investment in Africa (IHT) “Designers from Vivienne Westwood to Jean Paul Gaultier have long drawn on the vibrancy of African culture in their clothing lines. But now the industry is taking a tentative look at whether it makes sense to put down larger stakes as the African economy begins to take its place alongside the world’s other promising emerging markets.” Gap raises full year profit view,
NEW YORK, United States — To tweet, or not to tweet. That has been the question on many fashion business minds over the past year. Not every brand needs a Twitter account, but if a brand does decide to stake out a presence on Twitter, they should do so with a clear plan in mind and a voice that is consistent with the brand, while also opening up a new point of view. Most of all, Twitter should be a tool for engagement with a
Asian-Americans Climb Fashion Industry Ladder (NY Times) “It was the first time that all three prizes given by the [CFDA] were awarded to designers who are Asian-American. That same night, the fashion council announced three scholarships, each for $25,000, won by student designers of Asian heritage.” Fashion brands are turning to the lucrative homewares market (Independent) “The trendy Swedish denim company Acne
Jean-Louis Dumas, Chief of Hermès, Dies at 72 (NY Times) “Jean-Louis Dumas, who revived the flagging fortunes of Hermès in the late 1970s and in his nearly 30 years as the company’s chief executive transformed it into one of the world’s most successful luxury brands, died Saturday at his home in Paris.” Louis Vuitton Tops Hermes, Gucci as Most Valuable Luxury Brand (Bloomberg) “Louis Vuitton, the French fashion
LONDON, United Kingdom - For many of fashion's iconic characters, from Vogue's Anna Wintour to the prolific designer Karl Lagerfeld, who designs for Chanel, Fendi and his eponymous label, fashion and fur go hand in hand. Just last week, Lagerfeld vigorously defended the use of fur to the BBC saying that "in a meat-eating world, wearing leather for shoes and clothes and even handbags, the discussion of fur is childish." Of course, there are plenty of people who would disagree with this point of view - the folks at PETA, for one. A PETA spokesperson told London's Daily Telegraph that Lagerfeld is "a fashion dinosaur who is as out of step as his furs are out of style. The vast…
Marks & Spencer to Cut 1,230 Jobs (WWD) Marks & Spencer’s chairman expects its “gross profit margin to be 1.75 percentage points lower than the previous year,” and plans to cut 1,230 jobs. New Year, bad news (Just Style) The “disastrous holiday sales will spark a domino effect of store closures and bankruptcy filings over the next couple of months.” Calvin Klein, Michael Kors Confirmed For New
LONDON, United Kingdom - Just a few years ago, the concept of Ethical Luxury was dismissed by major luxury brands. Products based on environmental concerns and fair trade principles were associated with hippies. Most fashion conscious cosmopolites wanted nothing to do with the Birkenstocks, baggy pants, and hemp T-shirts of the so-called green movement. Today the current has started to shift. With global income inequality worsening and a rapidly deteriorating environment, social issues have come to the forefront of consumers' minds. They now expect a greater commitment to craftsmanship, social causes and environmental concerns. The press is abuzz with reports of these attitudinal shifts. “Luxury Considered,” published last week by Ledbury Research on behalf of DeBeers, reported a distinct change…
Clicks Up: Cyber Monday Sales Rise 15 Percent (WWD) "Cyber Monday was the second largest day of shopping online ever." Holiday Shoppers Lured Only by Big Bargains (WSJ) Deep discounts are the main draws for cautious consumers. Drapers Etail Awards 2009 shortlist revealed (Drapers) Drapers lists the best "etailers" of the year. Donna Karan Cuts Back, Again (Fashionista) Donna Karan, plans to alter her brand's campaigns in response to the economy. Photo courtesy of www.webhostingpattaya.com.