Gucci Group shake-up explained, Dior’s new chapter, Paris round up, Hermès profit jumps, Gaga to the rescue

Gucci Spring/Summer 2011 Campaign | Source: Fashion Fame

The reasons behind the major shake up at Gucci Group (CPP Luxury) “International media as well as major luxury players have been taken by surprise this week by several major changes within PPR/Gucci Group and it seems this is just the beginning…. Francois Henri Pinault has radically changed management… responding fast to market conditions.” Dropping Galliano lets Dior open new chapter (Reuters) “Behind

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Big changes at Gucci Group, Behind the Marc, Hermès to LVMH: Cut stake, Rent the Runway, Cast your vote for Calgary

Preparing for the Marc Jacobs show | Source: NY Times

PPR Chief to Run Gucci Himself (NY Times) “The French luxury magnate François-Henri Pinault said… he would personally take charge of Gucci Group as he reorganizes its parent company to focus on the most profitable businesses. Robert Polet, who has headed Gucci since 2004, will be stepping down in a few weeks… Mr. Pinault also said Paul Deneve would replace Valérie Hermann as chief executive of Yves Saint

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Zara chief bows out, Aspirationals still key, PPR E-commerce push, Fast Retailing slows, Lucky Holley

Amancio Ortega | Source: Elmundo

End of the line for Zara tsar (Independent) “Amancio Ortega, the wealthiest man in Spain and perhaps one of the world’s most reclusive moguls, has tiptoed into the spotlight this week by announcing his imminent retirement from the fast-fashion giant Inditex… which he founded with a single store in La Coruna 35 years ago.” Who’s Buying All That Luxury? Not the Rich (WSJ) “Luxury is soaring again…

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The Rise of Smart Fashion

Projects by the Textile Futures Research Group | Source- tfrg.org.uk

NEW YORK, United States — At the Met Ball held earlier this month in New York, singer and songwriter Katy Perry walked the red carpet in a gown made from silk chiffon and over 3000 glowing LEDs that changed colour from blue to pink to yellow to green. Created by London-based firm CuteCircuit, Perry’s gown assured her a lot of publicity. But the coming integration of fashion and technology is about more than making a visual

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Bidding Farewell to Alexander McQueen

Alexander McQueen Store on 14th Street in New York | Source: Stylesightings

LONDON, United Kingdom — One of the first fashion shows I ever attended was the Alexander McQueen show for Spring/Summer 2007, staged in the round at the Cirque D’Hiver in Paris. Jonathan Akeroyd, the affable CEO of McQueen, was kind enough to grant my cheeky request for an invitation, and he even let me bring along my college roommate, who was studying outside Paris at the time. We were seated in the very last row way up in

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Burkle eyes Barneys, Bloomingdale’s Dubai, Versace’s new look, Blogger backlash, Robert Polet in Davos

Bloomindale's Dubai | Source: The National

Burkle Angles for Controlling Stake in Barneys (WSJ) “Billionaire Ronald Burkle is angling to take a controlling stake in Barneys New York, people familiar with the situation said, a bet that the company and battered luxury retail sector have seen the worst of the recession.” Bloomingdale’s opens in Dubai (The National) “From today, people in Dubai will be able to indulge in the magic of Bloomingdale’s as

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Menswear in online deluge, Armani the Emperor, Robert Polet’s technophilia, Cavalli optimism, Helping Haiti

Fashion goes live on line (AP) "The fall-winter 2010-2011 preview presentations, the first shows of the new decade, got under way over the weekend with a new fashion passion: live online showcasing. Gone are the days when house bouncers, trained to spot potential copycats, blocked any unauthorized person who dared snap a picture during a show." Defiant Armani rules out sale of empire (Financial Times) "Giorgio Armani, the doyen of Italian fashion designers, has ruled out a sale of his global empire and has no plans to step back from day-to-day involvement. Mr Armani sought to quash speculation that he may sell the house to a bigger group, saying he had no need or desire to sell and would always…

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Tentative turnaround, Embracing the web, Gucci JV approved, Liberty for Target, Return of illustration

Sack's Fifth Avenue Spring 2009 Advertising Campaign | Source: Sack's

Luxury’s turnaround? Maybe not quite just yet (Market Watch) “It may be too early to call a turnaround in the luxury-retail sector. Despite expectations that high-end shoppers are gradually coming back to stores and with retailers such as Macy’s and Saks indicating some improvement, the latest data suggest that the battered sector may need to do more to prove this pickup in momentum can be sustained.” From

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The Business of Gaga, PPR’s planned acquisition spree, Tailoring art direction, Luxury pricing, Steve J and Yoni P

The Business Of Lady Gaga (Forbes) "In the cacophony of the music business, Gaga has broken through the clutter with muzzle velocity, becoming a superstar in scarcely a year. Her first album, The Fame, is the best-selling debut album of 2009. Her single Just Dance has been viewed 87 million times on YouTube. Gaga's tracks have clocked 20 million downloads this year. One of them, Poker Face, is the most downloaded tune in the history of U.K. digital music." Heir to Gucci Empire Reveals Plan to Double Bet on Fashion (Wall Street Journal) "A 12-person team within PPR has drawn up two lists. The first enumerates a new set of 20 possible industry buyers for the three retail businesses up…

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