The CFDA and Vogue announced today that Fashion’s Night Out is going on a “hiatus” in the United States. It was fun while it lasted, but like any overheated romance, it had to come to an end.
Marvin S. Traub, Impresario of Bloomingdale’s, Dies at 87 (NY Times) “One of the most creative retailers of his era, Mr. Traub made Bloomingdale’s synonymous with luxury, introduced many of the world’s best-known clothing designers and created a national chain that acquired a reputation for status-conscious merchandising and chic interior moods that dazzled the eye.” Lyst Picks Up $5M, Now Lists DFJ Esprit As Backer
John Galliano: Rise and fall of a tormented celebrity (BBC News) “In the dossier that was presented to the court in Mr Galliano’s defence, a story emerged of a celebrity tormented by fear, hate, self-indulgence and loneliness. There were plenty of people within the fashion industry who saw this tragedy unfolding. But it seemed no-one had the power to stop it.” Vivienne Westwood faces franchise lawsuit (FT)
Marc Jacobs To Dior? (Huffington Post) “The question of who will take the top job at Dior has remained since Galliano’s ousting. But WWD writes that meetings between Dior representatives from LVMH, the luxury conglomerate that owns the Christian Dior label as well as Louis Vuitton, Marc Jacobs and a host of other top brands, and Jacobs’ legal representatives are set to take place this week in Paris.” Carine
Designers Show Off Less-Expensive Clothing (WSJ) “Almost every high-end fashion designer has been forced to cut prices or launch lower-priced collections since the economy tanked… [secondary collections] are creeping out of the showrooms and onto the runways this week.” Burberry’s conquest of cyber space (Telegraph) “We are now as much a media-content company as we are a design company, because
Targeting Younger Buyers, Liz Claiborne Hits Snag (WSJ) “In an effort to attract a younger audience, Mr. McComb decided to focus on the company’s contemporary brands with the most potential… But he made a series of strategic blunders… The decision to realign the company’s portfolio ‘was a disaster waiting to happen’.” Fashion Tries on Zero Waste Design (NY Times) “Zero-waste
Can Private Equity and Fashion Look Good Together? (Bloomberg) “Private equity and fashion are a bad combo, kind of like pairing a Dior dress with Ugg boots. That at least was the established wisdom until March, when Apax Partners sold Tommy Hilfiger for $3 billion, quintupling its investment in the American clothier in just four years.” All Saints secures extra funding on strong results (Retail Week) “Fashion