New life for lace, Magazines become e-tailers, LVMH pursues Hermès, American Apparel losses, Erdem’s obsessions

| Daily Digest

The new lace, detail | Source: Textile Talk

New Life for the Historic Art of Lace-Making (WSJ) “Lace, suddenly, is everywhere. Looking nothing like your grandmother’s doilies, lace is the fabric of whole dresses and suits for summer, as well as next fall. Lace hasn’t been this popular since Queen Victoria sat on the throne.” Click to Buy That Handbag in Vogue as Magazines Become E-Tailers (Bloomberg) “Vogue and Elle have long influenced what

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LVMH takes over Bulgari, Battle for Hermès goes on, Playing the game, Runway realism, Creative destruction

| Daily Digest

Bulgari B.Zero1 Collection | Source: Bulgari

LVMH to take over Bulgari in 3.7 billion-euro deal (Reuters) “French luxury group LVMH will take over Italy’s Bulgari in an 3.7 billion-euro all-share deal… Bulgari, established in 1884, agreed to the takeover ‘in order to reinforce, in accordance with its history, values, craftmanship and identity, the long-term development of the Bulgari Group,’ it said. Under the deal, the Bulgari family will become

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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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Rethinking couture, The battle for Hermès, Obama debate continues, Jimmy Choo profits triple, Rankin’s army

| Daily Digest

L-R: Valentino, Gaultier, Chanel, Saab, Dior, Armani, Givenchy | Source: FT

All about the Atelier (FT) “It’s possible we’re thinking about this all wrong – this being the now-shrunk-to-three-days-with-only-six-full-fledged-couture-brands couture shows. It’s possible we’re asking the wrong questions. It’s possible that, instead of perennially rending our garments and plunging into the long tunnel of debate over whether couture is relevant in a not-entirely-post-recession 21st century, we should

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