Mittal saves Escada, Victoria’s Secret to Europe, Upmarket eBay, Asia boosts Hermès, Chanel goes to court

| Daily Digest

Megha Mittal to buy luxury fashion house Escada (Reuters) “‘Today the insolvency administrator of ESCADA AG signed a sale and transfer agreement with one of the Mittal Family Trusts,’ the company said in a statement late on Thursday after the preliminary creditors’ committee approved the deal.” Victoria’s Secret unveils plans for launch in UK and Europe (Retail Week) “US fashion and beauty giant

…Continue Reading

Restructuring Versace, Escada sells Primera, Matthew’s menswear, Homegrown luxury, Karachi fashion rebellion

| Daily Digest

Restructuring Luxury at Versace (NY Times) “I am a survivor,” the designer Donatella Versace said matter-of-factly during a recent blitz of New York, a visit that made it appear little had changed in the world of the occupationally fabulous.” Escada sells Primera brands (Drapers) “Primera comprises brands Laurèl, Apriori and Cavita. Luxury German womenswear house Escada previously signed a contract to sell the

…Continue Reading

Escada bidding heats up, Languishing malls in Brazil, Valentino finds balance, Japanese luxe, H&M’s secret weapon

| Daily Digest

Escada Autumn/Winter 09 | Source: Escada

A fashion coup (NY Post) “There is a new player in the international bidding war for a European luxury brand. The owner of Faconnable has emerged as one of the buyers likely to scoop German fashion house Escada out of bankruptcy.” Luxury malls languish in booming Brazil (UPI) “Dozens of new luxury malls remain nearly empty all over Brazil. Luxury boutiques would not release sales figures but analysts and sales

…Continue Reading

Arcadia profits soar, Wan’s weariness, Guardian’s fashion foray, Lepore rallies the troops, Escada’s scion a saviour?

| Daily Digest

Top Shop, Top Man New York | Source: Retail Week

Arcadia profits soar (Retail Week) “Sir Philip Green’s Arcadia Group has reported a 13% rise in pre-tax profits, despite the recession. Young fashion brands Topshop, Topman and Miss Selfridge all had record years.” Harvey Nicks boss says luxury needs to evolve (Drapers) “Harvey Nichols chief executive Joseph Wan has warned the luxury sector will not recover from the global banking collapse for at least five years

…Continue Reading

JPG to leave Hermès?, Liberty in talks with Target, Escada’s white knights, End of discounting

| Daily Digest

Jean Paul Gaultier Said to be Leaving Hermès (Fashion Week Daily) “Change is brewing at Hermès, and it’s starting with Jean Paul Gaultier. The designer is said to be resigning from the company; his last collection for the house is due to bow in Paris this October.” Liberty linked to Target collaboration (Drapers) “Liberty, the iconic London department store, is reported to be in talks with US value chain

…Continue Reading

12345