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

| Daily Digest

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

| Daily Digest

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

| Daily Digest

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

Intelligence | New York

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

| Uncategorized

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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