The China Edit is a weekly curation of the most important fashion business news and analysis from and about the world’s largest luxury market.
PARIS, France – German-born designer Karl Lagerfeld has announced that the opening of his first concept store in Paris is set to take place March 1. The new concept store spanning two floors, at over 2,150-square feet, will be located at 194, Boulevard St-Germain, the famous Rive Gauche shopping location.
Coach handbag sales take hit, stock slumps (Reuters) “Coach Inc on Wednesday reported weak holiday-quarter results and unveiled a new strategy for shoes and clothing, spooking investors with the notion that the days of strong demand for its premium leather handbags may be numbered.” And Precisely So (NY Times) “The designers are learning to use the extraordinary skills of a couture atelier to be more self-critical
Today, Jessica Michault, editor-in-chief of Nowfashion.com, shares her thoughts on the Paris Fashion Week collections. PARIS, France — Each season, as the international fashion flock winds its way from New York to London to Milan, there is usually a gradual yet perceptible build up of excitement for what comes last: Paris Fashion Week. After all, it’s here in the City of Light where the best and brightest designers from around the
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
Vintage for Today? (IHT) “‘New vintage — for today,’ said Mr. Lagerfeld, referring to a flow of high-waisted, wide pants that might have come from hazy photographs of a mademoiselle in Deauville but were, in fact, invented in one of the designer’s gouache drawings” Fashion Industry Aims To Corner the Chinese Market With Weibo (Fashionista) “If you’ve heard of Weibo, you’ve probably heard it described
Rebranding Africa (IHT) “Africa is in the news — but not just for the sad and familiar reasons of conflict and suffering. The continent is entering the fashion arena, with the quality of its handwork, artistic creativity and its potential for economic growth bringing Africa literally in vogue.” Italy’s Ferragamo Q1 net rises 10 pct (Reuters) “Italian luxury shoemaker Salvatore Ferragamo said on Monday its
A Silk Road (Montecristo) “At the time, perhaps Ms. Kauffman didn’t realize she was grooming the young man to become one of the most successful young fashion designers of this decade. Already, at only 29 years old, Wu has established his own eponymous private fashion label; been a finalist in the Council of Fashion Designers in America (CFDA)/Vogue Fashion Fund in 2008; and dressed countless celebrities and starlets for
Marc Jacobs To Dior? (Huffington Post) “The question of who will take the top job at Dior has remained since Galliano’s ousting. But WWD writes that meetings between Dior representatives from LVMH, the luxury conglomerate that owns the Christian Dior label as well as Louis Vuitton, Marc Jacobs and a host of other top brands, and Jacobs’ legal representatives are set to take place this week in Paris.” Carine
Dowdy Department Stores Start Looking Cool Again (WSJ) “The sector, long derided for dowdy merchandise, maze-like stores and crumbling facades, is making a comeback. Macy’s Inc., Nordstrom Inc. and Kohl’s Corp. are posting solid sales gains even as consumers remain cautious and manufacturing costs rise—and they are poised to continue the streak this fall.” Lagerfeld for the Masses, Again (On the Runway) “Macy’s unveiled its
J.Crew agrees to $3bn takeover (FT) “J.Crew, the US retailer with a preppy style, has agreed to be acquired by TPG Capital and Leonard Green & Partners in a $3bn deal… The two funds have agreed to pay $43.50 per share in cash for J Crew.” Divergent paths for US consumers as holidays near (AFP) “Americans appear to be shaking off the gloom heading into the holiday season with recession no longer hanging
“I think they are very beautiful objects. There is no touch of what is considered bad taste or bad design [with technology], because bad design is bad taste today. They are flawless in a way. Facebook is a flawless object...it's for me like a Brancusi" Karl Lagerfeld speaking exclusively to BoF Founder and Editor-in-Chief Imran Amed on technology for The Luxury Channel, following the IHT Heritage Luxury Conference hosted by Suzy Menkes and held in London last week.
The New Icons of Fashion (NY Times) “Ms. Dello Russo and her raffish style-world cohort, who populate the mastheads of the fashion magazines, represent a new breed of Web-based reality star… they are casting a spell, their comings and goings relentlessly tracked by a new generation of aspiring style savants.” What Does ‘Masstige’ Mean For China? (Jing Daily) “If masstige collections are offered supplemental