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

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 sheikh of Ajman yesterday emerged as the frontrunner to buy Christian Lacroix, the loss-making French fashion house, after Italy's Borletti Group dropped out of the auction." Hugo Boss signs Graeme Black to drive womenswear (Drapers) "Hugo Boss has named London-based designer Graeme Black as creative consultant for the Boss Black women’s collection." Gucci Snake Bag Draws Ire in China as…

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

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

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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