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

| Daily Digest

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

| Daily Digest

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

| Daily Digest

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

| Daily Digest

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

| Daily Digest

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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