Copycat Culture | The Shape of Things

Chanel No. 5 | Source: Chanel

BRUSSELS, Belgium — Sometimes, a mere glimpse of a product’s silhouette is enough to tell which designer or fashion house created it: the Chanel No 5 perfume bottle, the toe of a Berluti shoe, the unique shape of the Fendi baguette. Today, there is renewed interest in these kinds of classic products as shape and design have made a return in making a product desirable, especially now when consumers don’t want their

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Hermès breeds crocodiles, Prada approached by investors, Jones steadies, Sales dismay indies

Prada A/W 09 fashion show in Milan, courtesy of WSJ

Hermès breeds own crocodiles in Australia for luxury handbags (Times) “Hermès chief executive Patrick Thomas admitted this week his French fashion house has resorted to farming crocodiles in Australia to keep up with the increasing international demand for their world famous crocodile skin handbags, including the popular Birkin design.” Prada Approached on Investment (WSJ) “Prada SpA has been approached by

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Comme at 40, Luxury turbulence, Oliver Sweeney rescued, Escada bond swap, Pringle to London

An advertisement in a Tokyo railway station, courtesy of The New York Times

Positive Energy: Comme at 40 (New York Times) “Comme des Garçons is marking its 40th anniversary by bringing out a guerrilla-style, temporary brand called “Black” that epitomizes the style, the inventiveness and the originality of its founder.” Luxury market faces turbulence: Hermès (Reuters) “Hermès believes turbulence could hit the global luxury goods industry for the next two years and has put some

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Resilient Hermès, Analysts predict 2010 recovery, Most powerful luxury brands, Fashion’s blue book

http://www.youtube.com/v/9oTtvhqA-KM&hl=fr&fs=1"

Hermès Q1 sales get lift from bags, currencies (Reuters) “Hermès proved again it was resisting the crisis better than many of its rivals with a 3.2 percent rise in first-quarter sales, helped by exchange rates and resilient demand for its handbags.” Have a look at this video from the CBC’s Fashion File to see the underlying craftsmanship that has served the brand well during the downturn. Financial Analysts

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Gucci’s Q1, Project Runway moves, Lundgren’s rich compensation, Hermès sets up on the beach

Gucci S/S 09 Ad campaign, courtesy of Gucci

Gucci CEO sees satisfactory Q1-report (Reuters) “Fashion house Gucci has had a satisfactory trend in the first quarter.” ‘Project Runway’ Will Move to Lifetime (WSJ) “Nearly a year of litigation between General Electric Co.’s NBC Universal and Weinstein Co. over “Project Runway” ended Wednesday with an agreement that allows Weinstein to move its popular reality-TV show to Lifetime

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Recessionary designs, Rochas’ clothes, Gap’s boss takes pay cut, Hermes holds steady…

Lanvin A/W '09, courtesy of the New York Times

Two Words for Fall: Toughen Up (New York Times) The recession could turn out to make designers better. Do You Want Clothes to Go With That Perfume? (WSJ) At Rochas, there are now clothes that come with its legendary scent. Gap boss takes pay cut (Drapers) “Gap’s chairman and chief executive Glenn Murphy will take a 15% salary cut as part of plans to cut costs.” Hermès Net Up 0.8 Percent (WWD) Hermès post steady sales

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Adidas profits, Brazilians and beachwear, Ethical luxury, Hermès shares jumps

Adidas Profits Leap 151 Percent (WWD) Adidas’ net profits is up 151% due to lower marketing expenses. (Subscription required) Brazilians decide beach culture should help capture retail dominance (IHT) With the launch of a beachwear fashion week in October 2008, Brazilian brands are beginning to find their place in the international swimwear market. Ethical Luxury: Could the Luxury Industry Be Headed Back to Its Roots? (The

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Hermès’ resilience, Bally’s e-commerce, Ralph Lauren sales down, LVMH holding steady

Herems store in London, photo courtesy of

Hermès shows resistance in luxury downturn (The Globe and Mail) “We have seen a slowdown in sales growth since October but we are still growing,” says Hermès finance director Mireille Maury. Bally to Launch E-Commerce (WWD) Bally, the Swiss luxury brand joins in on the e-commerce game. (Subscription required) Polo Ralph Lauren’s Net Falls 6.6% (WSJ) Ralph Lauren Q3 earnings fell 6.6%, and plans to cut back on their

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Luxury Outlook | Hermès continues to defy gravity

Savigny Luxury Index Since Jan 1, 2007, Courtesy of Savigny Partners

LONDON, United Kingdom — It’s all been a bit doom and gloom around here for months now, and I’m afraid the latest Savigny Luxury Index (SLI) does not deviate from this theme. Valuation multiples have dropped from a peak of 13x EBITDA (operating profit) in June 2007 to 8.5x EBITDA just before Christmas, effectively wiping billions off of the market capitalisation of luxury stocks. But there is still some good news for

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Sales rise at Hermes, US same store sales plummet, Thé Vert scent, Cashing in Obama’s dress, Brands & Bollywood

Hermes Q3 Sales Rise 4 Percent (WWD) Though Hermes Q3 sales rose, the French luxury brand sees a tough road ahead US Stores reporting double-digit sales declines (IHT) Neiman Marcus reported that same-store sales were down 27.6 percent in October. Scent Notes | Eau Parfumée au Thé Vert by Bulgari (NY Times) The New York Times traces the history of Eau Parfumée au Thé Vert, Bulgari's wildy successful scent. Cashing in on The Sasha Obama Connection (WSJ) Gerson & Gerson plans to cash in on the dress Sasha Obama wore on election night. Media brands look to Bollywood movies to promote their product (Live Mint) In India, the upcoming movie "Dostana could be the beginning of a trend where brands…

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