Fashion’s eccentric punk polymath, Vincent Darré, talks to BoF about his under-age education at famous Paris nightclub Le Palace, working with Karl Lagerfeld, designing furniture and his new gig at L’Officiel magazine.
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)
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
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
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