Fast fashion falters, Zappos delivers happiness, Arnault does DC, McQueen’s haunting world, Lunch with Pinault

| Daily Digest

Tony Hsieh | Source: Inc.

Fast fashion: Is the party over? (Telegraph) “Following on from H&M’s shock results in the final quarter of 2010 which saw profits fall 11 per cent, fashion comparison website Stylecompare.co.uk has today reported that year-on-year sales of ‘low end’ retailers fell by 21 per cent, as consumers flock to ‘mid range’ and eco brands for their fashion fixes.” Why Is This Man Smiling? (NY

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Luxury’s new king, Barneys and Holts?, Escada deadline, Samsonite bankruptcy, Norma Kamali’s internet push

| Daily Digest

Francois Henri-Pinault and Salma Hayek

The new king of luxury (Fortune) “Since taking the reins of one of the world’s biggest fashion empires, François-Henri Pinault has put his stamp on Gucci, YSL, and Puma. Now the luxury business is putting him to the test.” Barneys Said to Weigh Debt Swap Amid Buying Interest (Bloomberg) “Barneys New York is weighing a debt restructuring or bankruptcy filing that may wrest control from the Dubai

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Fashion’s Billionaires, Hong Kong refocuses, CIT leaves clients scrambling, Kellwood teeters

| Daily Digest

Bernard Arnault, Fracois Pinault and Ralph Lauren, courtesy of Forbes

Fashion’s Billionaires (Forbes) “If hemlines suggest whether the stock market goes up or down, most economic indicators say it’s likely we’ll be looking at longer skirts for the foreseeable future. But even if the economy doesn’t show us more leg for a while, the fortunes of fashion billionaires–who decide what we wear, where we buy it and what bag and shoes goes with it–should remain

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