BoF compiles the most important professional moves of the week.
LONDON, United Kingdom — On the heels of Downton Abbey’s success on American television, British retailers are banking on a love of all things English to expand their business in the world’s biggest apparel market. Leading the British invasion are Asos Plc, TopShop, Boden, Jack Wills Ltd., and Superdry.
Marc Jacobs: A Conversation with Robert Duffy (Port Magazine) “Ask any creative person trying to make a living from design or art what the hardest part of their working life is and they’ll probably tell you it’s the business side of the company that keeps them awake at night… So it must have been a relief for Marc Jacobs when he, 28 years ago, met and befriended Robert Duffy.” Mulberry shares tumble on profit
Couture Is Seeding Itself (IHT) “Discreetly, almost imperceptibly, haute couture has re-seeded itself, without any artificial insemination. Across the fashion world, houses built on ready-to-wear are exploring the possibilities of, or just quietly joining, the universe of high fashion.” Fashion follows trend for hard luxury (FT) “As the fashion industry descends on Paris this week for the haute couture shows, one
Gilt Groupe consider going public in 2012 (FT) “Gilt Groupe, a ‘flash’ sales site for designer clothes, plans to join its peers Groupon and Amazon as a public company, perhaps by the end of next year, when the company will be close to generating $1bn in annual sales… Gilt and rival sites… Are among the fastest-growing segments of online retail, which is itself expanding faster than traditional retail
Pretty, posh and profitable (FT) “Even though Jack Wills is a rapidly expanding global business… you could be forgiven for never having come across it before. [The company targets] teens with money… It prides itself on its stealth marketing and its very direct relationship with its consumers.” Three decades later, Michael Kors’ shows no signs of slowing down (Globe and Mail) “Optimism is in the spring