LVMH on the watch, Valli’s production, Affluent friends, McCartney’s minimalism, Paris focuses on daywear

| Daily Digest

Hublot Platinum Watch Detail | Source: Hublot

LVMH Must Watch It (WSJ) “LVMH should do more to fill out its lack of presence in the ‘hard’ luxury segments of jewelry and high-end watches. High operating leverage at jewelers and watch makers, especially smaller outfits, has left them economically vulnerable and a potential hunting ground to scale up LVMH’s business.” Giambattista Valli to Sew His Own Clothes (WSJ) “Mr. Valli said that, starting today, he

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Burani to license Valli, Menkes on Couture, Berlin Fashion Week, Jewelry cutbacks, Lacroix nears closure

| Daily Digest

Giambattista Valli A/W 09, courtesy of coutorture

Burani to License Giambattista Valli Fashions (WSJ) “Italy’s Mariella Burani Fashion Group said it has signed a five-year contract to make and distribute the ready-to-wear collection of Italian fashion designer Giambattista Valli, a deal aimed at growing both companies as the luxury goods industry suffers through the economic crisis.” Haute Couture Faces Uncertain Times (IHT) “In the closeted world of satin

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Neiman Marcus layoffs, Retail collapse, Magazine ads evaporate, Luxury’s turnaround, Giambattista Valli

| Daily Digest

Photo courtesy of Alfred Eisenstaedt

Neiman Sets 375 Layoffs Amid Slump (WSJ) Neiman Marcus is laying off 375 people or 3% of its workforce. Retail Sales Collapse, But Keep the News in Perspective (Seeking Alpha) From August to December, retail sales collapsed 24%. “But it’s important to remember that there is a lot of psychology in these numbers,” reports Seeking Alpha. Magazine Ads Evaporated in 2008, Faster as Months Went On (WSJ) “Capping a

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