Permira holds Boss, Chanel wins suit, Vuitton’s new ads, Recession’s reality on Rodeo, Christmas trading

| Daily Digest

Rodeo Drive | Source:

Permira to keep Hugo Boss, ProSieben for years (Reuters) “Permira doesn’t plan to exit from media company ProSiebenSat.1 and fashion label Hugo Boss for a couple of years, the German head of the private equity company told Reuters.” Chanel wins counterfeit case but is forced to pay damages (Telegraph) “A seamstress who took Chanel to court for stealing her small firm’s crochet pattern has lost her

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Hugo Boss down, UK retail fights back, Lulu’s Asian expansion, Prada shortens layoffs, BFC Vogue Fashion Fund

| Daily Digest

Hugo Menswear | Source: Hugo Boss

Hugo Boss European sales fall 13 percent (Drapers) “Total European sales at Hugo Boss fell 13% to €852m (£766m) over the first nine months of 2009 as the brand and retailer was hit by a turbulent northern European and Spanish trading climate.” M&S and Next fight back while Primark shines (Reuters) “Updates from three of Britain’s biggest clothing retailers should shed a little more light next week on

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Armani loosens grip, Sheikh eyes Lacroix, Black to Boss, China’s widening wage gap, Saks offers stock

| Daily Digest

Armani Names Group of Lieutenants But Succession Questions Linger (WSJ) “Giorgio Armani, after recovering from a months-long bout of hepatitis, slightly loosened his grip on his fashion empire Wednesday, naming one of his most-loyal executives as deputy chairman, as part of a management reorganization.” View the Armani S/S 10 runway video here. Sheikh’s position strengthens in Lacroix auction (FT) “The

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Giornetti for Ferragamo women’s, Hugo Boss stable, Saks menswear, Designer blogger revealed, Biba’s Story

| Daily Digest

Massimiliano Giornetti for Ferragamo S/S 2009, courtesy of Fashionisto

Ferragamo menswear designer takes on womenswear (Reuters) “Italian fashion house Salvatore Ferragamo has said its menswear designer Massimiliano Giornetti will also take on women’s ready-to-wear.” Hugo Boss keeps 2009 outlook after weak Q2 (Reuters) “Hugo Boss said on Thursday second-quarter loss before interest and tax (EBIT) widened to 15.6 million euros ($21.99 million) from 2.2 million in the same period

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Bendel drops apparel, Consumer confidence rises, Boss’ Q1 drops, US tackles design piracy, Ghadah Paris

| Daily Digest

Henri Bendel Foyer, courtesy of Henri Bendel

Henri Bendel Plans to Stop Selling Clothes This Summer (The New York Times) “A venerable name in New York retailing, Henri Bendel, is planning to stop selling clothes this summer and focus on accessories and beauty products as it struggles to lure shoppers during a prolonged recession.” Consumer confidence improves (Drapers) “Consumer confidence improved by three points to -27 according to the GfK NOP Consumer

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