Prada bucks slowdown, Let there be light, Logo fatigue, Aeffe adds Ungaro, Made in India

| Daily Digest

Prada Made in India collection | Source: High Snobette

Will Prada Finally Succumb to Global Luxury Slowdown? (CNBC) “Italian fashion house Prada has been a bright spot in a slowing global luxury retail space, and its latest earnings report underscores the resilience. The company delivered another set of solid earnings on Tuesday — first-half net profit surged 60 percent to 286 million euros ($372 milion), thanks to demand from Asian spenders.” Let There Be Light (IHT)

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M-Commerce surging, Pandora’s downfall, Forever21 to China, Ungaro departure, Poshmark app

| Daily Digest

Tory Burch’s tiered sales offer | Source: WWD

Mobile, Tablets Lead Holiday Charge (WWD) “Holiday shopping has given new meaning to the term ‘click and order.’ In addition to a rise in the number of consumers and the average amount spent per buyer… Overall increases in online spending were fueled by other factors such as a surge in mobile and tablet commerce transactions, luxury brands that typically don’t discount, tiered sale offerings that offer

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Hermès’ victory, Giles and Ungaro part ways, Responsible luxury, NYFW standouts, Social media drives sales

| Daily Digest

Hermès Autumn/Winter 2010 | Source: IBT

Hermès Scores Victory in Battle With LVMH (NY Times) “Hermès won a major victory Thursday in its battle to torpedo a potential takeover by its larger rival LVMH after a court cleared the French luxury group’s plans to create a holding company that will lock in descendants of the founding family for 20 years.” Ungaro Departure (Vogue UK) “Giles Deacon has left his position as creative director of Emanuel Ungaro… Deacon’s

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A designer’s second act, Target loses focus, Online retail trends, Aronsson in at Ungaro, Innovation now

| Daily Digest

Christian Lacroix's Theodora Collection for Sicis, detail | Source: eRoom

Wanted: a Second Chance (WSJ) “It’s the fear of every high-achieving professional: excelling, reaching the pinnacle of your field—and, the next day, having to start over… Many designers say the key to their reinvention came from using skills, interests and contacts from their earlier lives—without stopping for regrets. ‘Nothing’s a bad experience and nothing is a waste of time.’” More

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Richemont reshuffles, Bally looks East, Bulgari back in black, Ungaro speaks out, Alexander Wang in profile

| Daily Digest

Richemont’s Rupert to Take Over as CEO; Profit Slumps (Bloomberg) “Richemont SA, the world’s largest jewelry maker, said Chairman Johann Rupert will replace Norbert Platt as chief executive officer in April, taking more control amid the deepest recession since the 1930s… Richemont’s first-half profit fell 60 percent.” In downturn, luxury brand Bally eyes Asia and beyond (Reuters) “Fresh from a makeover,

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