Asian-Americans gain ground, Homeware extensions, Posh’s fashion ambition, Life with Donna, Betsy’s new owner?

| Daily Digest

Jason Wu, Richard Chai and Alexander Wang | Source: Mochi

Asian-Americans Climb Fashion Industry Ladder (NY Times) “It was the first time that all three prizes given by the [CFDA] were awarded to designers who are Asian-American. That same night, the fashion council announced three scholarships, each for $25,000, won by student designers of Asian heritage.” Fashion brands are turning to the lucrative homewares market (Independent) “The trendy Swedish denim company Acne

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Jimmy Choo preps for IPO, Women lead recovery, Twitter talk, Holt Renfrew gets friendly, New faces

| Daily Digest

Jimmy Choo takes steps to possible IPO (FT) “The private equity owner of Jimmy Choo plans to appoint investment banks to advise on strategic options for the maker of stilettos for the stars, including a possible initial public offering valuing the company at about £500m.” Affluent, Generous Young Women Lead Recovery (Marketing Daily) “When it comes to power-shopping our way toward economic recovery, a new report

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Changes at Holt Renfrew, Neimans sees results, Gap International down, Applied DNA, Kleibacker remembered

| Daily Digest

Holt Renfrew Flagship, Toronto | Source: 3G Lighting

Changes at the top for Holts (Globe and Mail) “Upscale fashion retailer Holt Renfrew & Co. has replaced its president Caryn Lerner with company insider Mark Derbyshire, making the leadership change just as it is gearing up for a more prosperous economic environment.” Neiman Marcus key sales figure climbs in December (Business Week) “Luxury retailer Neiman Marcus Inc. said Thursday that sales at its namesake

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Barneys and Holt Renfrew rumours persist, Discount sites boom, Net-a-Porter goes mobile, Jay-Z’s Rocawear

| Daily Digest

Jak & Jil window at Holt Renfrew, Toronto

Holt Renfrew owner rumoured to be eyeing Barneys New York (National Post) “Barneys, an 86-year-old luxury retailer which has famously catered to a broad and often eclectic range of needs of high-end consumers, would fit well within Mr. Weston’s portfolio and extend his buying power for his other luxury goods chains, including Holts, Selfridges in Britain and Brown Thomas in Ireland, analysts say.” When cheap is

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Luxury’s new king, Barneys and Holts?, Escada deadline, Samsonite bankruptcy, Norma Kamali’s internet push

| Daily Digest

Francois Henri-Pinault and Salma Hayek

The new king of luxury (Fortune) “Since taking the reins of one of the world’s biggest fashion empires, François-Henri Pinault has put his stamp on Gucci, YSL, and Puma. Now the luxury business is putting him to the test.” Barneys Said to Weigh Debt Swap Amid Buying Interest (Bloomberg) “Barneys New York is weighing a debt restructuring or bankruptcy filing that may wrest control from the Dubai

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