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7 November, 2011 | by BoF Team

BoF Daily Digest | M&A in the cards for Fast Retailing, Calvin Klein in China, Gareth Pugh for MAC, 90 years of Gucci, Cardin’s career

Uniqlo 5th Avenue Flagship in New York | Source: High Snobiety

Fast Retailing May Buy Bigger Rival in U.S., Europe on Yen (Bloomberg)
“Fast Retailing Co., Asia’s largest clothing chain, may buy a bigger rival in the U.S. or Europe after the yen’s advance to a postwar high against the dollar boosted the Japanese company’s purchasing power… The billionaire aims to take advantage of the yen’s climb to expand outside Japan, where an unexpectedly long summer damped demand for fall and winter clothing, contributing to a 12 percent decline in profit in the year through August.”

Calvin Klein’s largest market outside the US – China (Red Luxury)
“Outside of the US, China is Calvin Klein’s largest market with 50 percent annual sales growth for the past two years. Its China business has pulled ahead of other international markets… The company continues to expect stellar growth ahead. ‘Our business grew 50 percent in 2010, it will grow 50 percent this year and the way we’re going, we could see 50 percent again next year,’ said Tom Murry, chief executive officer and president of Calvin Klein. ‘Our global business has been growing at 10 to 15 percent, so you can see the business here is outpacing the global business by a long shot.’”

Gareth Pugh: His Dark Materials (Independent)
“‘She’s very beautiful. But she looks like she might kill you,’ says Gareth Pugh of model Alla Kostromichova, the lovely if admittedly somewhat intimidating face of his soon-to-launch, limited-edition line of make-up and accessories, designed in collaboration with Mac. And that just about sums up not only the designer’s aesthetic more broadly, but also this latest venture.”

Gucci coup: the Italian fashion house celebrates 90 years in fashion (Telegraph)
“If an essential element of a successful luxury brand is its history and heritage, then Gucci’s is more richly textured than most. In this, the 90th year since the establishment of the first Gucci boutique, the company has celebrated the opening of the Gucci museum in Florence, its founding city.”

Pierre Cardin on banks and working at 89 (BBC News)
“He began his career making costumes for the film-maker Jean Cocteau. Christian Dior took him under his wing and he launched his own label in 1950… In 1959, Cardin courted their further contempt when he launched the first ever ‘pret-a-porter’ (ready-to-wear) show for the mass market. Later he went into merchandising in a major way, with hundreds of Cardin franchises all over the world, many of them not exactly top-of-the-range.”


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30 September, 2011 | by BoF Team

BoF Daily Digest | Looking back with caution, Don’t forget the clothes, H&M’s profits fall, Haulers drive marketing, Cool McQueen

L-R Rick Owens, Balmain, Balenciaga S/S 2012 | Source: Style.com

Raid the Archives With Caution (NY Times)
Mr. Ghesquiere can come away refreshed from the Balenciaga archive, but for most designers the postwar couture is an element in the cut-and-paste process that largely defines current fashion. Designers saw the Madame Grès exhibition here this summer; they know Balenciaga’s volumes and bullring pomp by heart. But they always have to do something extreme to make you think it’s new.”

Don’t Forget the Clothes! (IHT)
“They are the champions of the Internet age — designers who can tap into the ultra-modernity of image and sound as part of a multimedia experience. But as the catwalk moves into cyber space, there should be one dictum: Don’t forget the clothes! Two fashion labels — the revived Mugler brand and the British-born Gareth Pugh — were in the same territory as the Paris season clicked onto spring/summer 2012. Or make that the year 2099 as these shows streaked into the future.”

H&M cost control cushions fall in profits (Reuters)
Hennes & Mauritz accelerated its expansion plan and said it was gaining market share as it delivered a fall in third-quarter profits that was smaller than feared. The world’s no.2 fashion retailer suffered a 15 percent drop in third-quarter profit, hit by costs such as higher cotton prices. It said sales so far in the fourth quarter were below its expectations and markets remained challenging.”

From shopping sprees to marketing technique (FT)
“So-called ‘haulers’ are tween-to-twentysomething, largely female shoppers who haul their purchases back home and post video reviews on YouTube for their followers to watch…Chris Sanderson, co-founder of The Future Laboratory, a trends and innovation consultancy, says: ‘If that’s your world, to go to the shops and show off your stuff, then it’s incredible. This becomes a whole new mechanism for [retailers to] understand and target a demographic’.”

Official: Alexander McQueen is cooler than Chanel (Telegraph)
“Alexander McQueen, the British fashion label that scored the commission of the century – designing Kate Middleton’s wedding dress – has topped a list of cool designer fashion brands… The label, headed up by creative director Sarah Burton since Lee McQueen’s death in 2010, came eleventh overall in the 2011 list of cool global brands – four places ahead of iconic Parisian fashion brand, Chanel, at number 15.”

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28 September, 2011 | by BoF Team

BoF Daily Digest | Gucci’s Florentine museum, Economic clouds at PFW, Cavalli sees luxury slowdown, Hearst digital sales, Gareth Pugh

Gucci Museo | Source: Oyster Magazine

Gucci Feeds Its Florentine Roots (IHT)
“The museum, housed in a 14th-century building in the Piazza della Signoria, is designed to honor the company’s leather goods legacy and to bring it into the 21st century by juxtaposing the innovation of bamboo-handled bags or luxe sports equipment with modern art… The idea of facing off past with present — under the slogan “forever now” — was the brainchild of Frida Giannini, the creative director of the famous brand.”

Paris fashion week strutting under cloudy economy (Reuters)
“Paris Fashion Week kicked off on Tuesday under a cloud of economic pessimism mixed with uncertainty about the creative direction of some of the world’s biggest fashion brands… After New York, London and Milan, Paris closes the season of presentations for next spring and summer with nine days of shows at which designers will be fighting for buyers and media attention amid worries about a possible economic slowdown.”

Cavalli Chief Sees Luxury-Goods Slowdown (Bloomberg)
“Luxury-goods companies should brace for weaker growth in 2012 asEurope’s sovereign debt crisis leads to a slowdown in spending, according to Gianluca Brozzetti, chief executive officer for designerRoberto Cavalli… ‘The luxury sector is not immune,’ CA Cheuvreux analysts including Pierre Lamelin, wrote in a note this month. They estimate that so-called organic sales growth across the industry will slow to 9 percent in 2012 from 15 percent in 2011.”

Hearst Passes 300,000 Monthly Digital Subscribers, Takes a Bow (All Things Digital)
“Hearst, which is about to sell its digital magazines via Amazon’s new tablet, wants the world to know it’s selling its digital magazines on plenty of other gadgets, too: The publisher says it is now racking up more than 300,000 paid digital downloads per month.”

20 Q&As: Gareth Pugh (Dazed Digital)
“In 1991, Gareth Pugh and Katie Shillingford were ten years old. They’re a bit older now – one is a successful fashion designer, and the other works as his stylist and senior fashion editor of Dazed. Graduating from Central Saint Martins in 2003, Dazed was the first to celebrate his work, featuring the red and white balloons from his BA collection on the cover in April 2004… Shillingford talks to her friend about life in 1991, and how the past 20 years have shaped their worlds.”

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3 April, 2011 | by BoF Team

Fashion 2.0 | Top 10 Fashion Films of the Season

LONDON, United Kingdom — This season, fashion brands embraced fashion film like never before, integrating digital videos more meaningfully into a wide spectrum of communications strategies, from Nicola Formichetti’s formidable social media machine for the House of Mugler to Tom Ford’s contrarian approach that defied the industry trend towards greater access and immediacy.

In past seasons, fashion films have often been geared at editors, buyers and other industry insiders, accompanying — and sometimes even replacing — runway shows and presentations. But as brands grappled with the tug-of-war between digitally-enabled consumers with real-time expectations and the challenging realities of syncing the physical atoms of their supply chains with the virtual bits of their digital communications, momentum swung in the direction of consumer-facing fashion films designed to coincide with the retail schedule and build intrigue around new collections, just as they hit stores.

Chanel launched a robot animation with terrific viral appeal to support its Spring 2011 makeup line, while Tom Ford synced the arrival of his first womenswear collection in stores with the debut of a film that captured his ultra-exclusive fashion show held last September. But our top honours go to Prada, which released an irresistible fashion film with just the right energy to match the stripes and monkeys of Miuccia Prada’s current collection and accompanying ad campaign.

The following is a BoF selection of what we think were the most compelling fashion films of the Spring 2011 season. As you sit back and enjoy the films, let us know which ones you like best.

… Continue Reading

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1 March, 2011 | by BoF Team

Quotable | Gareth Pugh on Fashion Films versus Fashion Shows

I’m not saying that I’m never going to do a fashion show again. I’m not saying fashion film is the future. It’s just an idea…and it’s nice to have the option to do both.”

Avant-garde designer Gareth Pugh speaking to BoF founder Imran Amed in Florence, Italy at Pitti Immagine, where he projected a critically acclaimed fashion film on the ceiling of a 14th century church. On Wednesday in Paris, Mr. Pugh will present his A/W 2011 collection in a fashion show, his first since March 2010.

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