Inditex profit climbs 17 percent as sales jump at start of fiscal year (Market Watch) “Inditex posted a 17% rise in fourth-quarter profit on a 13% rise in revenue as the Spanish retailer saw strong growth in international markets and opened its fiscal year with rapid sales growth.” Guess Q4 Profit Jumps 81per cent (RTT News) “International fashion house Guess? Inc. said Wednesday its profit for the fourth quarter
What The Rich Are Buying Now (Forbes) “While most consumers aren’t returning to their pre-recession shopping patterns, there has been a rebound in luxury spending lately. Ultra affluent shoppers … have started to come out of hiding” Miuccia and Me (WSJ) “Bertelli, is the mastermind behind a label most people associate with his wife, Miuccia Prada, the avant-garde designer who has created global
NEW YORK, United States — In recent seasons, while a deep economic downturn has threatened the long-term survival of many magazines, a number of major fashion brands have been creating their own editorial content, and perhaps no brand has done more of this than Chanel. Back in November, Olivier Zahm posted an image of several layouts from 31 Rue Cambon, announcing “the first Chanel magazine which I have art directed and
PARIS, France – We don’t actively engage in the rumour mill here on BoF, but when the whispers involve Karl Lagerfeld, Olivier Theyskens and Alber Elbaz in a Lanvin and Chanel merry-go-round, it seems worthwhile to engage in a bit of Friday afternoon fashion speculation. Today, Diane Pernet has published a bombshell post outlining this scenario: “This is not a fact until you officially read it somewhere else but rumour
Michael Kors: an upbeat, uptown guy in a downturn (The Times) “Michael Kors, one of fashion’s great survivors, is still selling in Manhattan and Palm Beach, despite the Madoff effect, and London is set to follow” Delhi gets fashion pie, Mumbai the crumbs! (The Times of India) Could India finally be getting it’s fashion act together or is it just another acronym to add to India’s fashion scene?