Next steps at Balenciaga, Rugby no more, M&S profits fall, Amazon ups the ante, New male

| Daily Digest

Nicolas Ghesquière by Alessandro Garofalo | Source: Style.com

What Next For Balenciaga? (Vogue UK) “CEO Isabelle Guichot has confirmed that she has ‘a shortlist’ of potential candidates to succeed creative director Nicolas Ghesquière, following yesterday’s confirmation that he would be parting ways with the brand. The designer has acted at the helm of Balenciaga for 15 years.” Ralph Lauren kicks its ‘preppy look’ Rugby label into touch (Independent)

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JC Penney plots turnaround, King Karl, Hugo Boss growth slows, Water world, Queen of frocks

| Daily Digest

Karl Lagerfeld | Source: Trend Gruppen

Why JC Penney Will Come Back (The Motley Fool) “Rome wasn’t built in a day, and no one said JC Penney’s turnaround would happen overnight either. Since Ron Johnson took the helm back in January, shares have been sliced in half and currently sit near 52-week lows.” It’s Karl’s world, we just live in it (The Independent) “Lagerfeld’s output is more diverse than any other

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Market Pulse | No Sparkle Despite Shiny Results

| Market Pulse

Savigny Luxury Index April 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (SLI) continued its sluggish performance this month, ending almost flat (SLI components actually fell an average of nearly 2 percent when expressed in local currency) compared to a drop of 0.7 percent in the benchmark MSCI World Index (MSCI).  Newsflow was good overall, with strong results and two successful IPOs, but dampened somewhat by concerns about growth prospects. Big news

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Aquascutum insolvency, Zadig deal, Burberry slows, Hugo Boss in China, Marchesa expands?

| Daily Digest

Aquascutum Autumn/Winter 2010 | Source: Rag Pony

Aquascutum collapses into administration (FT) “Aquascutum has collapsed into administration, putting about 250 jobs at risk and threatening the possible demise of a classic British clothing brand. FRP Advisory has been appointed administrator to the 160-year-old company, owned by fashion entrepreneur Harold Tillman.” TA Associates fashions 30 per cent deal for Zadig & Voltaire (AltAssets) “The US-based firm’s

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Show fatigue, NYFW schedule conflicts, Good start for Boss, Model education, Jet set designer

| Daily Digest

Meadham Kirchhoff Spring/Summer 2012 | Source: Fashion156

Out of fashion: Designers finding new ways to sell their style (Independent) “As the autumn 2012 collections are unveiled, more and more designers are questioning the format; seeking something new in an age where digital culture means every image is beamed straight to an audience at home and cloistered, exclusive runways are no longer the most practical way of promoting their labels.” New York Fashion Week Parades 328

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