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

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

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London retail sales drop, Shopping bags in Japan, Sass & Bide at LFW, Fashion bankruptcies

Clothing and footwear sales in London drop back during July (Drapers) “Clothing and footwear sales in London fell back during July as the wet weather during the month drove sales of indoor items such as homewares and furniture.” Paper Bags as Fashion Statements (New York Times) “It’s little wonder that, in spite of the recession, Tokyo’s closets continue to be crammed to the hilt — less so with Prada and Marc

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Nordstrom profit drops, Escada crumbles, AA ekes out profit, Harrod’s secret, Designers learn the ropes

Nordstrom 2Q Profit Drops 27% But Raises Full-Year View (WSJ) “Nordstrom Inc.’s fiscal second-quarter profit decreased 27 percent as the high-end clothing retailer reported lower same-store sales. But disciplined inventory and expense management helped the company report results in line with Wall Street’s expectations, and Nordstrom became slightly less downbeat about the same-store sales decline this year.”

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Escada addresses insolvency, Micro trends, Claudia Schiffer at IHT, J.C. Penney revamps, VAT increase

Escada A/W 09 ad campaign, courtesy of Escada

Escada Board to Meet on Insolvency After Bondholders Snub Offer (Bloomberg) “Escada AG, the luxury clothing company whose dresses are worn by Demi Moore, is holding a board meeting today to discuss a plan to file for insolvency after bondholders rejected its financial rescue proposal.” Micro trends making major fashion statements this autumn (Telegraph) “Brace yourselves as ‘slow-burning trends’, such

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Brioni adapts to crisis, Escada shares plummet, July clothing sales, Luxury in Singapore

A teacher explains the art of tailoring to a student at the Brioni tailoring school in Italy

Brioni, Suitmaker to Presidents, Adapts to Crisis (New York Times) “The fashion house Brioni is best known for dressing James Bond in black tie and creating hand-sewn custom suits that start out at $4,000 and run as high as $47,000. But this fall it is adding something a lot more humble to its lineup: a T-shirt.” Escada Plummets as Bankruptcy Looms on Last Day of Bond Exchange (Bloomberg) “Escada AG dropped 26

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men.style Break-up, September ad pages plummet, Discounting to 2010, US copyright law, Escada raises funds

men.style.com

Conde Nast Says Goodbye to Men.Style.com, Hello to GQ.com, Details.com (Ad Age) “Conde Nast will shut down one of its web-only brands, Men.Style.com, when it gives two of its titles, GQ and Details, their own websites in October.” September Ad-Page Tallies Plunge (Ad Age) “Is September now the cruelest month? It may very well be for fashion and beauty titles this year. The final tallies for those crucial issues

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Escada on bankruptcy brink, Luxury sales, Cartier courts talent, Korean Luxury, UK Retail sales rise

Escada ad in Berlin

Escada in talks with insolvency experts (Drapers) “German womenswear brand Escada may cease to trade as it teeters on the brink of insolvency, according to its chairman Bruno Saelzer.” Sales ring the alarm on what defines luxury (Gulf News) “Inventory-driven business models now rule much of the high street apparel on offer. But the heavily discounted sales across town come to an abrupt end when you stumble upon

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A Younger Coach, Escada optimism, UK sales down, Aquascutum bows out of LFW, Museum fashion

Poppy line for Coach, Courtesy of Coach

Coach Is Now Traveling Coach (Reuters) “With this month’s release of the budget-conscious Poppy line, Coach, a luxury-retail marvel once ridiculed for being stodgy, is increasingly associated with an entirely different-and notoriously fickle-population: teens, coeds, and grads.” Escada Optimistic of Rescue as Katie Holmes Dressmaker Suffers (Bloomberg) “Escada AG Chief Executive Officer Bruno Saelzer said

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Comme at 40, Luxury turbulence, Oliver Sweeney rescued, Escada bond swap, Pringle to London

An advertisement in a Tokyo railway station, courtesy of The New York Times

Positive Energy: Comme at 40 (New York Times) “Comme des Garçons is marking its 40th anniversary by bringing out a guerrilla-style, temporary brand called “Black” that epitomizes the style, the inventiveness and the originality of its founder.” Luxury market faces turbulence: Hermès (Reuters) “Hermès believes turbulence could hit the global luxury goods industry for the next two years and has put some

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Escada divests brands, Ferre and Damiani unite, Miuccia on CNN, Evisu hires Scott Morrison

Apriori S/S 09 ad campaign, courtesy of Apriori

Escada sells off Apriori, Cavita and Laurèl (Drapers) “Escada has sold off its Apriori, Cavita and Laurèl womenswear brands which operate under its Primera subsidiary, to German investment firm Mutares.” Ferre and Damiani announce cooperation (Forbes) “The Gianfranco Ferre fashion house, which suffered the death of its founder and the bankruptcy of its holding company in the span of two years, said Tuesday it was

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Escada shows promise, Asos sales double, China encourages exports, Retail stocks continue to rally

Escada S/S 09 ad campaign, courtesy of Escada

Escada seen up on report of unit sale (Reuters) Could there finally be a way out of the red for beleaguered Escada? Shares in the German luxury-fashion company rose, “8.3 percent in pre-bourse trade making them one of the few German pre-market gainers after a report in the Frankfurter Allgemeine Sonntagszeitung says the company is in advanced talks with one suitor to sell its Primera subsidiary, which offers mid- to

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French Connection loss, Shoppers’ worries, Beauty over 50, Escada fights for life

French Connection Ad Campaign, Spring 09

French Connection swings to £5.5m loss (Drapers) French Connection posted a £5.5m loss compared with £3.1m profit last year. NPD Group Tracks Consumer Feelings About Economy (WWD) “Shoppers’ worries about the economy are high, and intention to spend is low, but according to The NPD Group, there may be light at the end of the tunnel.” (Subscription required) Luxury: Evolving Beauty Standard or Merely an Evolving Business

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