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

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 from American Express says well-heeled young women are leading the charge." Should luxury brands use twitter? (Luxury Society) "Luxury is an intricate web of emotions... can it be captured in 140 characters (and that too with a shortened link of some sort if the company is trying to drive some traffic to a specific…

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Chalayan buys back brand, Abboud wins name, Social Media and CRM, Wooing the well-heeled, Jimmy Chuggs?

Hussein Chalayan Buys Brand Back from Puma (Mediabistro) “Chalayan has bought his brand back from Puma parent company Pinault-Printemps-Redoute (PPR). The French conglomerate acquired a majority stake in the designer’s London-based fashion business in March 2008.” Designer Abboud Gains Limited Use of Name (WSJ) “A federal district court in New York ruled that menswear designer Joseph Abboud, who sold his

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Luxury goes social, Bridging the Zac, Slim inventory, Jimmy Choo’s risky strategy, The illusion of brand control

Gucci Facebook page | Source: Facebook

Luxury Brands and the Case for $4,000 Sunglasses (IHT) “Imran Amed, who runs a Web site called The Business of Fashion, said that two years ago, when he started urging big luxury brands to embrace social networking as a communications tool, executives of these companies told him the idea was ‘stupid.’ He is getting a lot less of that these days.” Zac Posen’s New Venture (WWD) “Z Spoke is a new

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Nick Knight live, Burani weighs options, H&M’s Jimmy Choo success, Asos grows, Iman: A model entrepreneur

Nick Knight: Techno King (IHT) “What makes this glossy magazine photo session different is not just that it takes place in a London museum… It’s that there are thousands, maybe millions, of other viewers out there in cyberspace following the live stream, watching the hairdresser flicking Natalia’s Mohawk or sending tweets about her luminous beauty.” Mariella Burani mulls strategic investor (Reuters)

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Escada bidding heats up, Languishing malls in Brazil, Valentino finds balance, Japanese luxe, H&M’s secret weapon

Escada Autumn/Winter 09 | Source: Escada

A fashion coup (NY Post) “There is a new player in the international bidding war for a European luxury brand. The owner of Faconnable has emerged as one of the buyers likely to scoop German fashion house Escada out of bankruptcy.” Luxury malls languish in booming Brazil (UPI) “Dozens of new luxury malls remain nearly empty all over Brazil. Luxury boutiques would not release sales figures but analysts and sales

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Fashion’s family values, Céline’s new sensation, Jimmy Choo’s fragrance, Paper endures, Giles in Paris

Reiss A/W 09 | Source: Reiss

When a Bottom Line Isn’t Just About Profit (New York Times) “As the fashion industry struggles with a global economic downturn and a rapidly changing consumer landscape, qualities that are at the heart of family and owner/founder businesses, like a consistent vision and a long-term approach, seem to be helping those companies ride out the storm.” Fashion house Celine says 2009 year of transition (Reuters)

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Jimmy Choo for H&M, Burberry sees stabilization, Tod’s to experience growth, Pitti Uomo quiet

Jimmy Choo for H&M, courtesy of H&M

Jimmy Choo to Design for H&M (WSJ) “Swedish fashion retailer Hennes & Mauritz AB on Wednesday unveiled the name of its next designer collection team-up: British accessory brand Jimmy Choo.” Burberry Chief Says Luxury Demand Is ‘Stabilizing’ (Bloomberg) “Burberry Group Plc Chief Executive Officer Angela Ahrendts said luxury demand is leveling out as the market slowdown nears its first

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Murjani divests Gucci, Luxury succumbs to cycle, Choo’s schools, New home for NYFW, Macy’s cuts staff

Gucci spring / summer '09

Murjani to divest Gucci stores in India (Economic Times) In an effort to recoup investments he’s made in the luxury sector, Mohan Murjani plans to divest the operations of Gucci in India. Luxury goods succumb to the cycle (FT) Despite some views to the contrary, the luxury industry is proving to be prone to cyclical ups and downs. Malaysian shoe guru Jimmy Choo plans teaching academies (Yahoo) “Malaysian-born luxury

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British Fashion Awards | Open for business?

LONDON, United Kingdom - Yesterday evening's British Fashion Awards ceremony was a wonderful occasion to celebrate the best in British Fashion Talent. There was a very impressive list of awards categories and an even more impressive list of winners, but I couldn't fight this nagging feeling that something was missing. Then, I realised that there was not even one award to acknowledge the various talented business people who also make their own kind of fashion magic, and are an essential part of the British fashion eco-system. Over the course of the evening, awards were given out for everything from Designer Brand (Jimmy Choo) and Fashion Creator (Tim Walker) to Red Carpet Designer (Matthew Williamson) and Designer of the Year (Luella…

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BoF Exclusive | Tell-all Jimmy Choo book in March 2009

We love leaks. The Business of Fashion has an exclusive first look at the new Jimmy Choo book to be published by Bloomsbury in the UK and the US in March 2009, entitled "The Towering World of Jimmy Choo: A Glamorous Story of Power, Profits and Pursuit of the Perfect Shoe." Lauren Goldstein Crowe, a fashion and business journalist, and Sagra Maceira de Rosen, head of the Luxury & Retail division of Reig Capital Group, have teamed up to write the first fashion book to cover both the design side and the business side with equal vigour and rigour. The book tells the story of how one Tamara Yeardye (now known as Tamara Mellon), an accessories editor at British Vogue…

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